Nok Airlines Public : Notification on Registration for Decrease and Increase of Registered Capital and Amendment to the Memorandum of Association with the Ministry of Commerce

Ref. PQ004/2020

23 January 2020

Subject: Notification on Registration for Decrease and Increase of Registered Capital and Amendment to the Memorandum of Association with the Ministry of Commerce

To: President

The Stock Exchange of Thailand

As Nok Airlines Public Company Limited (the "Company") held the Extra-ordinary Annual General Meeting of Shareholders No. 1/2020 on 14 January 2020, the shareholders' meeting had considered and passed resolution of the matters as follows:

1. Approved on the decrease of registered capital of Baht 99,030,527 from the existing registered capital of Baht 3,408,049,800 to Baht 3,309,019,273 by decreasing the number of ordinary shares of the Company which have not been sold in amount of 99,030,527 shares at the par value of Baht 1 per share and approving the amendment to Clause 4 of the Memorandum of Association of the Company to be in accordance with such decrease of registered capital;
2. Approved on the increase of registered capital of Baht 888,147,358 from the existing registered capital of Baht 3,309,019,273 to Baht 4,197,166,631 at the par value of Baht 1 per share by issuing ordinary shares of the Company in the number of 888,147,358 shares at the par value of Baht 1 per share and approving the amendment to Clause 4 of the Memorandum of Association of the Company to be in accordance with such increase of registered capital.

As such, the Company would like to inform that the Company had completely registered the decrease of registered capital, as well as the amendment to Clause 4 of the Memorandum of Association of the Company to be in accordance with such decrease of registered capital, and registered the increase of registered capital, as well as the amendment to Clause 4 of the Memorandum of Association of the Company to be in accordance with such increase of registered capital with the Department of Business Development, the Ministry of Commerce since 21 January 2020 and 22 January 2020, respectively.

Please be informed accordingly.

Sincerely yours,

-Signed-

(Mr. Wutthiphum Jurangkool)

Chief Executive Officer