Central Pattana pcl : Submission of the Amendment to the Tender Offer for Securities (Form 247-4) of Grand Canal Land Public Company Limited (Second Amendment)

(Translation)

No. 51/2018/058

18 October 2018

Subject:	Submission of the Amendment to the Tender Offer for Securities (Form 247-4) of Grand Canal Land
Public Company Limited (Second Amendment)
To:	The President,
The Stock Exchange of Thailand
Enclosure:	Copy of the Amendment to the Tender Offer for Securities (Form 247-4) (Second Amendment)

Central Pattana Public Company Limited ("the Company") would like to inform that on 18 October 2018, CPN Pattaya Company Limited, a wholly-owned subsidiary of the Company, as the offeror of the Mandatory Tender Offer for the entire securities of Grand Canal Land Public Company Limited, has already submitted the Amendment to the Tender Offer for Securities (Form 247-4) (Second Amendment) to the Office of the Securities and Exchange Commission. The details of which are set out in the disclosure.

Your acknowledgment of these matters would be appreciated.

Sincerely,

-Ampawee Chompoopongkasem-

(Ms. Ampawee Chompoopongkasem)

Company Secretary

(Translation)

18 October 2018

Subject : Disclosure of Additional Information on the Tender Offer for the Securities of Grand Canal Land Public Company Limited

To

• : Secretary-General of the Office of the Securities and Exchange Commission President of the Stock Exchange of Thailand

  Board of Directors and Securities Holders of Grand Canal Land Public Company LimitedReference : Tender Offer for the Securities of Grand Canal Land Public Company Limited dated 24 September 2018

  As CPN Pattaya Company Limited (the "Offeror") has submitted the Tender Offer for the Securities of Grand Canal Land Public Company Limited ("GLAND" or the "Business") on 24 September 2018 for which Bualuang Securities Public Company Limited acts as a tender offer preparer for this matter (the "Tender Offer Preparer"). The Offeror and the Tender Offer Preparer would like to disclose the following additional information with regard to the tender offer of the Business where the additional information is underlined and the deleted information is strikethrough:

  1.

  Part 1 Page 4 Clause 12. Source of Funds for the Tender Offer

  Original

  12. Source of Funds for the Tender Offer

  The funds required for the Tender Offer for all of the remaining ordinary shares of the Business in the case of all the Offerees sell all of the remaining ordinary shares at the Offer Price of THB 3.10 per share are THB 9,987,261,490.50 (Nine Billion Nine Hundred Eighty Seven Million Two Hundred Sixty One Thousand Four Hundred Ninety Baht Fifty Satang). The source of funds for this Mandatory Tender Offer shall come from borrowing from financial institution. On 22 August 2018, Bangkok Bank Public Company Limited issued a confirmation letter stating that the bank has approved a loan facility to the Offeror for the purpose of Tender Offer for all of the remaining ordinary shares of the Business in the amount of THB 12,000,000,000 (Twelve Billion Baht) to make a payment to this Mandatory Tender Offer. (Attachment 1)

  Bualuang Securities Public Company Limited, as the Tender Offer Preparer, has verified that the source of funds of the Offeror and viewed that the loan facility from Bangkok Bank Public Company Limited is sufficient to conduct this Tender Offer.

  Revision

  12. Source of Funds for the Tender Offer

  The funds required for the Tender Offer for all of the remaining ordinary shares of the Business in the case of all the Offerees sell all of the remaining ordinary shares at the Offer Price of THB 3.10 per share are THB 9,987,261,490.50 (Nine Billion Nine Hundred Eighty Seven Million Two Hundred Sixty One Thousand Four Hundred Ninety Baht Fifty Satang). The source of funds for this Mandatory Tender Offer shall come from borrowing from financial institution. On 22 August 2018, Bangkok Bank Public Company Limited issued a confirmation letter stating that the bank has approved a loan facility to the Offeror for the purpose of Tender Offer for all of the remaining ordinary

shares of the Business in the amount of THB 12,000,000,000 (Twelve Billion Baht) to make a payment to this Mandatory Tender Offer. (Attachment 1)

Bualuang Securities Public Company Limited, as the Tender Offer Preparer, has verified that the source of funds of the Offeror and viewed that the loan facility from Bangkok Bank Public Company Limited is sufficient to conduct this Tender Offer and that there are no conditions regarding the granting of credit facilities that shall materially affect the Tender Offeror's ability to withdraw such credit facilities to purchase and make the payment of the tendered securities for the Tender Offer for all of the remaining ordinary shares of the Business.

2.

Part 2 Page 21 Clause 5.2 Sources of funds used by the Offeror for the Tender Offer:

Original

5.2 Sources of funds used by the Offeror for the Tender Offer:

The funds required for the Tender Offer for all of the remaining ordinary shares of the Business in the case of all the Offerees sell all of the remaining ordinary shares at the Offer Price of THB 3.10 per share are THB 9,987,261,490.50 (Nine Billion Nine Hundred Eighty Seven Million Two Hundred Sixty One Thousand Four Hundred Ninety Baht Fifty Satang). The source of funds for this Mandatory Tender Offer shall come from borrowing from financial institution. On 22 August 2018, Bangkok Bank Public Company Limited issued a confirmation letter stating that the bank has approved a loan facility to the Offeror for the purpose of Tender Offer for all of the remaining ordinary shares of the Business in the amount of THB 12,000,000,000 (Twelve Billion Baht) to make a payment to this Mandatory Tender Offer. (Attachment 1).

Bualuang Securities Public Company Limited, as the Tender Offer Preparer, has verified that the source of funds of the Offeror and viewed that the credit line from Bangkok Bank Public Company Limited is sufficient to conduct this Tender Offer.

Revision

The funds required for the Tender Offer for all of the remaining ordinary shares of the Business in the case of all the Offerees sell all of the remaining ordinary shares at the Offer Price of THB 3.10 per share are THB 9,987,261,490.50 (Nine Billion Nine Hundred Eighty Seven Million Two Hundred Sixty One Thousand Four Hundred Ninety Baht Fifty Satang). The source of funds for this Mandatory Tender Offer shall come from borrowing from financial institution. On 22 August 2018, Bangkok Bank Public Company Limited issued a confirmation letter stating that the bank has approved a loan facility to the Offeror for the purpose of Tender Offer for all of the remaining ordinary shares of the Business in the amount of THB 12,000,000,000 (Twelve Billion Baht) to make a payment to this Mandatory Tender Offer. (Attachment 1).

Bualuang Securities Public Company Limited, as the Tender Offer Preparer, has verified that the source of funds of the Offeror and viewed that the credit line from Bangkok Bank Public Company Limited is sufficient to conduct this Tender Offer and that there are no conditions regarding the granting of credit facilities that shall materially affect the Tender Offeror's ability to withdraw such credit facilities to purchase and make the payment of the tendered securities for the Tender Offer for all of the remaining ordinary shares of the Business.

Please be informed and please consider accordingly.

Yours Sincerely,

CPN Pattaya Company Limited

-Naparat Sriwanvit-

(Ms. Naparat Sriwanvit)

Authorized person

The Tender OfferorBualuang Securities Public Company Limited

-Vararatana Jutimitta-

(Mr. Vararatana Jutimitta)

Managing Director

(Mr. Soravis Krairiksh) Deputy Managing Director

Tender Offer Preparer

-Soravis Krairiksh-