TSR-W1 Information

Name of Warrant Warrants to Purchase Ordinary Shares of Thiensurat Public Company Limited No. 1 (TSR-W1)
Number of warrants 200,666,316 units
Issuance date 21 December 2015
Expiration Date 20 December 2018
Exercise Ratio (before adjustment) 1 unit of Warrants : 1 new ordinary share
Exercise Ratio (after adjustment) 1 unit of Warrants : 1.100 new ordinary shares
Exercise Price (before adjustment) Baht 2.00 per share
Exercise Price (after adjustment) Baht 1.818 per share
Exercise Date On the last Business Day of May of each year throughout the term of the Warrants (last Business Day of May 2016, 2017 and 2018) The first Exercise Date will be on 31 May 2016 and the Last Exercise Date falling on the date of 3 years from the date of issuance (20 December 2018)
First Exercise Date 31 May 2016
Warrant Covenants of TSR-W1
Form of the Notification of the intention to Exercise the Warrants to Purchase the Newly Issued Ordinary Shares of TSR-W1