Ticon Freehold and Leasehold Real Estate Investment Trust : Report on the investment in the Additional Investment Assets of FRASERS PROPERTY THAILAND INDUSTRIAL FREEHOLD & LEASEHOLD REIT (FTREIT)

No. FIRM 021/2022

	28 June 2022
Subject:	Report on the investment in the Additional Investment Assets of Frasers Property Thailand
	Industrial Freehold & Leasehold REIT (FTREIT)
Attention:	The President
	The Stock Exchange of Thailand

Reference is made to the Extraordinary General Meeting of Trust Unitholders No. 1/2022 of Frasers Property Thailand Industrial Freehold & Leasehold REIT ("FTREIT") held on 20 June 2022 passing the resolution and approving the investment in the Additional Investment Assets having 27 units with the value of not exceeding Baht 1,716 million (excluding the Expense Related to the Additional Investment Assets). The sources of funds for the investment in the Additional Investment Assets shall be from issuance of debentures with the maximum outstanding amount at any time totaling not exceeding Baht 14,000 million according to the resolutions adopted at the 2020 Annual General Meeting of the Trust Unitholders of FTREIT and/or short-term loans (which may be in the form of short-term revolving credit facility which a short-term credit service provided by commercial banks, etc.) and/or long-term loans, with the total amount at any time of not exceeding Baht 10,000 million according to the resolutions adopted at the 2021 Annual General Meeting of Trust Unitholders of FTREIT. Frasers Property Industrial REIT Management (Thailand) Company Limited (the "REIT Manager") hereby reports on the progress of the investment in the Additional Investment Assets as follows:

On 28 June 2022, FTREIT has successfully made investment in part of the Additional Investment Assets with the value of approximately Baht 796,510,000 (excluding the Expense Related to the Additional Investment Assets) as follows:

1. Ownership of land and ownership of factory buildings including other assets which are component parts of the said land and factory buildings from Frasers Property
   (Thailand) Public Company Limited ("FPT") for the projects as follows:
2. 1. 1 building, divided into 1 unit, in Navanakorn Industrial Promotion Zone locating at Tambol Klong Nueng, Amphur Klong Luang, Pathumthani Province; and
   2. 2 buildings, divided into 2 units, in Rojana Industrial Park Ayutthaya locating at Tambol U-thai, Amphur U-thai, Phra Nakhon Si Ayutthaya Province
3. Ownership of land and ownership of warehouse buildings including other assets which are component parts of the said land and warehouse buildings from Frasers
   Property Industrial (Thailand) Company Limited ("FPIT") for the projects as follows:

1

1. 1. 1 building, divided into 3 units, in Frasers Property Logistics Center (Eastern Seaboard 2A) locating at Tambol Bowin, Amphur Sriracha, Chonburi Province; and
   2. 1 building, divided into 3 units, in Frasers Property Logistics Center (Phan Thong 1) locating at Tambol Phan Thong, Amphur Phan Thong, Chonburi Province
2. Ownership of land, locating at Tambol Bowin, Amphur Sriracha, Chonburi Province in Frasers Property Logistics Center (Eastern Seaboard 2A), which is currently used as entrance and exit way including other utilities of the assets in which FTREIT currently invest and of the Additional Investment Assets from FPIT.

Details of the additional investment in the assets made by FTREIT on 28 June 2022 are as appeared in the Enclosure.

Please be informed accordingly.

Sincerely yours,

Frasers Property Thailand Industrial Freehold & Leasehold REIT

by Frasers Property Industrial REIT Management (Thailand) Company Limited

as the REIT Manager

(Mr. Thanarat Boonyakosol)

Managing Director

2

Enclosure

Details of the additional investment in the assets made by FTREIT

1. Assets invested by FTREIT through transfer of ownership from Frasers Property (Thailand) Public Company Limited

1. Assets in Navanakorn Industrial Promotion Zone, Tambol Klong Nueng, Amphur Klong Luang, Pathumthani Province

Factory

Land

Title

Approximate

Approximate

Deed

Leaseable

Land Area

Purchased

Investment

No.

Building

plot

Details of Factory Building

No.,

Building

(Rai-Ngan-

Price (Baht)

Structure

No.

No.

Land No.

Area (sq.m.)

Sq.wah)

Ownership in

1.

B2.6

F8

130037,

2,975

A one-storey reinforced

4-0-63

77,110,000

land and

17

concrete building

factory

building

(2) Assets in Rojana Industrial Park Ayutthaya, Tambol U-thai, Amphur U-thai, Phra Nakhon Si Ayutthaya Province

Factory

Land

Title

Approximate

Approximate

Deed

Leaseable

Land Area

Purchased

Investment

No.

Building

plot

Details of Factory Building

No.,

Building

(Rai-Ngan-

Price (Baht)

Structure

No.

No.

Land No.

Area (sq.m.)

Sq.wah)

A one-storey reinforced

Ownership in

25823,

land and

1.

B2.1/2

I

2,450

concrete building with

3-1-27

236

factory

mezzanine

building

119,570,000

A one-storey reinforced

Ownership in

26064,

land and

2.

M1.8/3

J

2,100

concrete building with

3-0-20

237

factory

mezzanine

building

-1-

2. Assets invested by FTREIT through transfer of ownership from Frasers Property Industrial (Thailand) Company Limited

1. Assets in Frasers Property Logistics Center (Eastern Seaboard 2A), Tambol Bowin, Amphur Sriracha, Chonburi Province

Title Deed

Approximate

Details of

Approximate

Warehouse

Leaseable

Land Area

Purchased

Investment

No.

No.,

Warehouse

Building No.

Building Area

(Rai-Ngan-

Price (Baht)

Structure

Land No.

Building

(sq.m.)

Sq.wah)

1.

W4/1

A one-storey

Ownership in

reinforced concrete

195064,

8-2-63.3

land and

2.

W4/2

9,100

building with

5029

warehouse

mezzanine with 3

building

units

3.

W4/3

180,510,000

Land used as

entrance and

195063,

-

-

Ownership in

4.

exit way

3-3-94.3

including other

5028

land

utilities

(2) Assets in Frasers Property Logistics Center (Phan Thong 1), Tambol Phan Thong, Amphur Phan Thong, Chonburi Province

Title Deed

Approximate

Details of

Approximate

Warehouse

Leaseable

Land Area

Purchased

Investment

No.

No.,

Warehouse

Building No.

Building Area

(Rai-Ngan-

Price (Baht)

Structure

Land No.

Building

(sq.m.)

Sq.wah)

1.

W4/1

A one-storey

Ownership in

reinforced concrete

45787,

23-0-88

land and

2.

W4/2

21,000

building with

419,320,000

1042

warehouse

mezzanine with 3

building

units

3.

W4/3

-2-