Tipco Asphalt Public Co. Ltd.SET: TASCO

Notification for interim dividend, establishment of joint venture company, and capital increase of subsidiary

· Issued by Tipco Asphalt Public Co. Ltd.

•T I PCO

TIPCO ASPHALT PUBLIC COMPANY LIMITED ISO9001 ISO 14001 OHSA$ 18001

OMS03015111t EMS0300etlot OHSAS14012/241

Bor. Hor. 036/2017 9th August 2017

Attention: President The Stock Exchange of Thailand Subject: Notification for interim dividend, establishment of joint venture company, and capital increase of subsidiary

The Board of Directors of Tipco Asphalt Public Company Limited (the "Company") passed the following r:esolutions at the meeting No. 5/2017 held on 9th August 2017:

  1. Resolved to distribute Interim Dividend for 201 7 half year Perfonnance to shareholders of 1,560,689,570 ordinary shares of the Company at the rate of Baht 0.3 per share, or Baht 468,206,871 in aggregate, from the Company's retained earnings as of 30 June 2017.

    This Interim Dividend Payment was derived from profit which was subject to corporate income tax of 20%. Therefore, all non-juristic person shareholder shall be entitled to an income tax credit equaling the amount of dividend received times 20/80 in accordance with Section 47 bis of the Revenue Code of Thailand.

    The Record Date of share register book to detennine shareholders who are eligible to receive the above mentioned interim dividend payment will be 24th August 2017 while the Book Closing date for compiling the list of shareholders in accordance to Section 225 of the Securities and Exchange Act B.E. 2535 (As Amended) will be 251h August 2017. The dividend payment will be made on 6th September 2017.

  2. Resolved to invest USDl.88 million (THB63 .92 million) to fom1a 75/25 joint venture company with Seneoudom Company Limited in Laos. Details of the transaction is as follows:-

    Date of incorporation By end of Q3 2017

    Proposed Company Name Tipco Asphalt (Laos) Co., Ltd.

    Office : lipco Tower,.118/1 Rama 6 Rd.,Samsen Nal,Phayathai,Bangkok 10400, Thailand. Tel: +66 (0) 2273·6000 Fax: +66 (0) 2273 6030,(0) 2271·1601 www.tipcoasphalt.com

    Factory : 259 Moo 8 Soi Ard.12032, Mittrapap Rd.,Naklang, Soongnern District, Nakhon Ratchasima 30380 Tel:+66 (0) 4433-5495·9 Fax: +66 (O) 4433-5495·9

    : 271 Moo 15 Phitsanulok Bangragum Rd., Bangragum, Phitsanulok 65140 Tel: +66 (0) 5537 1461 2 Fax: +66 (0) 5537-1461 2 Ext. 360

    : 61 Moo 5 Soi Thaisilo, Suksawad Rd.,Bangchak,Phrapradaeng, Samutprakarn 10130 Tel:+66 (O) 2817-5111 5 Fax: +66 (0) 2817·5117

    : 90 Moo 5 North Nongchoompol, Khaoyoy, Phetchaburi 76140 Tel: +66 (O) 2273-6000 Ext. 5502·4 Fax:+66 (0) 2273·6000 Ext. 5501

    •T I PCO •

    TIPCO ASPHALT PUBLIC COMPANY LIMITED tSO 9001 ISO 14001 OHSAS 1I001

    OMSOJ015'111 EMS0300ll'10I OHSAS14012f.Z41

    Shareholder structure Tipco Asphalt Public Company Limited 75% Seneoudom Company Limited 25%

    Registered capital LAK 20,500 million (USD 2.5 million)

    Type of business Manufacture and distribute asphalt emulsion and other asphalt products

    Source of Funds Internal cashflow

    Objective of Incorporation To leverage strong capabilities of both partners (asphalt production and R&D capabilities of the Company and sales, marketing, and distribution expe1iise of Seneoudom Co., Ltd.) to distribute asphalt products in Laos.

    Seneoudom Co., Ltd. is not a co1mected person of the Company. Therefore, the investment to establish a new joint venture company is not a connected transaction in accordance with the Notification of Capital Market Supervisory Board No. TorJor.2 1/2551.

    The investment in 75% or more share of the new joint venture company does not fall within the disclosure requirement under the Notification of Capital Market Supervisory Board No. Tor Jor 20/2551.

    However, this investment requires infonnation disclosure smce it falls under the rule for participation or cancellation in equity of more than 10% of paid-up capital of the joint venture company.

  3. Resolved to subscribe 67,000,000 newly issued shares in the amount of HKD 67 million in TASCO International (Hong Kong) Ltd . ("TIH"), a wholly own subsidiary of the Company. Details of the transaction are as follows:-

  1. Transaction Date: Before the end of 2017

  2. Registered and paid up capital of TIH

    Office : TipcoTower, 118/1 Rama 6 Rd.,Samsen Nai, Phayathai,Bangkok 10400, Thaiand. Tel:+66 (0) 2273-6000 Fax:+66 (0) 2273-6030 , (0) 2271-1601 www.tipcoasphalt.com

    Factory : 259 Moo 8 Soi Ard.12032, Mittrapap Rd., Naklang,Soongnern District, Nakhon Ratchasima 30380 Tel:+66 (0) 4433-5495-9 Fax:+66 (0) 4433-5495-9

    : 271 Moo 15 Phitsanulok-Bangragu m Rd., Bangragum, Phitsanulok 65140 Tel: +66 (0) 5537-1461-2 Fax: +66 (0) 5537-1461-2 Ext. 360

    : 61 Moo 5 Soi Thaisilo,Suksawad Rd.,Bangchak,Phrapradaeng, Samutprakarn 10130 Tel:+66 (0) 2817-5111-5 Fax:+66 (0) 2817-5117

    : 90 Moo 5 North Nongchoompol,Khaoyoy, Phetchaburi 76140 Tel:+66 (0) 2273-6000 Ext. 5502-4 Fax:+66 (0) 2273-6000 Ext. 5501

    •T I PCO •

    TIPCO ASPHALT PUBLIC COMPANY LIMITED ISO9001 ISO 14001 OHSAS 18001 QMS0l01W11 EMSO:JOCWIO, OHSA.5140121241

    HKD

    Registered capital

    No. of shares

    Before new share subscription

    30,966,000

    30,966,000

    After new share subscription

    97,966,000

    97,966,000

  3. Shareholding structure

    After capital increase

    Shareholder

    Before capital increase

    No. of shares

    %

    No. of shares

    %

    Company

    30,966,000

    100%

    97,966,000

    100%

  4. Source of Funds

  5. Objective oflnvestment

  6. Size of transaction

Internal cashflow

To prepare for business expansion in the future

1.56% based on total value of consideration paid which has the highest value compared to other criteria. Therefore, this investment does not fall within the disclosure requirement under the Notification of Capital Market Supervisory Board No. Tor Jor 20/2551.

Please disseminate the above infonnation to the investors.

Sincerely,

Chaiwat Srivalwat Managing Director

Office : Tipco Tower, 118/1 Rama 6 Rd.,Samsen Nai, Phayathai,Bangkok 10400, Thailand. Tel: +66 (O) 2273-6000 Fax:+66 (0) 2273-6030, (0) 2271-1601 www.tipcoasphalt.com Factory : 259 Moo 8 Soi Ard.12032, Mittrapap Rd., Naklang, Soongnern District , Nakhon Ratchasima 30380 Tel:+66 (0) 4433·5495·9 Fax: +66 (O) 4433-5495-9

: 271 Moo 15 Phitsanulok-Bangragum Rd.,Bangragum, Phitsanulok 65140 Tel:+66 (0) 5537·1461-2 Fax: +66 (0) 5537-1461-2 Ext. 360

: 61 Moo 5 Soi Thaisilo, Suksawad Rd.,Bangchak, Phrapradaeng, Samutprakarn 10130 Tel:+66 (O) 2817-5111-5 Fax:+66 (0) 2817-5117

: 90 Moo 5 North Nongchoompol, Khaoyoy,Phetchaburi 76140 Tel: +66 (0) 2273-6000 Ext. 5502-4 Fax: +66 (0) 2273·6000 Ext. 5501

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