The Annual General Meeting of Shareholders 2022 of L.P.N. Development Public Co. Ltd. held on 24th March 2022 had approved the issuance and offer of debentures for sale at the amount of not exceeding 4,000 million Baht. The Executive Board of Directors was assigned to have the authority to establish the conditions and other details related to the issuance and offer for sale of the debentures as necessary as well as appoint the distributor of the offer and/or related persons, execute a contract and/or any other documents to produce and/or request for approval from related agencies.

The Executive Board of Directors was also to perform all duties to achieve the objectives of the issuance of debentures and abide by related rules, regulations, criteria and law. On this occasion, the Company informed the issuance of debentures No.1/2024. It is issued from the outstanding balance of THB 1,500,000,000 (One Billion and Five Hundred Million Baht Only) approved by the Annual General Meeting of Shareholders 2022.

Offering type debentures that are with registered holders, unsubordinated and unsecured with a debenture holders representative. It will be offered to general investors and institutional investors the details are as follows: Specific Name of Debentures: Debentures of L.P.N. Development Public Company Limited. No.1/2024 Tranche No.

1 Due 2026: Total Offer Value: THB 682,400,000. Tenor: 2 years from the date of issuance. Date of Issue: 26th January 2024.

Maturity Date: 26th January 2026. Interest Rate: Fixed rate at 5.10% per year throughout the debentures tranche no.1 are outstanding. Tranche no.

2: Name of the Issuer of Debentures: L.P.N. Development Public Company Limited. Specific Name of Debentures: Debentures of L.P.N. Development Public Company Limited. No.1/2024 Tranche No.

2 Due 2027: Total Offer Value: THB 817,600,000 (Eight Hundred Seventeen Million and Six Hundred Thousand). Tenor: 3 years from the date of issuance. Date of Issue: 26th January 2024.

Maturity Date: 26th January 2027. Interest Rate: Fixed rate at 5.40% per year throughout the debentures tranche no.2 are outstanding. Date of Interest Payment: The issuer will pay interest every 3 months.

The payment will be made on 26th January, 26th April, 26th July and 26th October of every year all through the tenor of the debenture. The due date of the first interest payment is 26th April, 2024 and the due date of the last interest is the maturity date of the debenture. Credit Rating: The Debentures are rated at "BBB" with a "negative" rating outlook.

Distributor: Krungthai Bank Public Co. Ltd., Bangkok Bank Public Co. Ltd., Yuanta Securities (Thailand) Co.

Ltd., Maybank securities (thailand) public Co. Ltd., Asia Plus Securities Co. Ltd., Finansia Syrus Securities Public Co.

Ltd., CGS-CIMB Securities (Thailand) Co. Ltd. Registrar: Krungthai Bank Public Co. Ltd. Debenture holder Representative: Krungthai Bank Public Co.

Ltd.