Right adjustment of RS28C2207A

                Right adjustment of DW / No right adjustment of DW

Subject                                  : Adjustment
Symbol                                   : RS28C2207A
The Full name                            : DERIVATIVE CALL WARRANTS ON RS PUBLIC
COMPANY LIMITED ISSUED BY MACQUARIE SECURITIES (THAILAND) LIMITED LAST TRADING
IN JULY 2022 # A
Before Exercise Price (THB/share)        : 21.80
After Exercise Price (THB/share)         : 21.366
Before Adjustment Exercise Ratio (DW :   : 4.20 : 1
share)
After Adjustment Exercise Ratio (DW :    : 4.11648 : 1
share)
After Adjustment Exercise Ratio          : 0.24293
(Calculate)
The reason for adjustment                : To ensure that the benefits of the 
Derivative Warrant holders are not less than the existing status according to
formula which is specified in the Term and Condition of Derivative Warrant
issuers and Derivative Warrant holders. The reasons for adjustment of this event
 are as follows:
 - dividend payment
Effective Date                           : 03-May-2022
Authorized Persons to Disclose           : Mr. Noppadon Duangthipnest
Information
Position                                 : Director

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