PRESS RELEASE - 26 OCTOBER 2018 FOR IMMEDIATE RELEASE

MINT SUCCESSFULLY COMPLETES TENDER OFFER

FOR NH HOTEL GROUP

Minor International Public Company Limited ("MINT") is pleased to announce that it has successfully completed its tender offer for shares in NH Hotel Group at a price of EUR 6.30 per share. A total of 187,289,383 shares of NH Hotel Group, representing 47.8% of its outstanding shares, were tendered in the tender offer. Together with MINT's pre-offer shareholding, MINT has secured a 94.1% shareholding stake in NH Hotel Group, at a total investment amount of EUR 2,327 million.

The acquisition of NH Hotel Group is transformative for MINT, giving it a platform of 549 hotels across Asia, Australia, the Middle East, Africa, Europe, Latin America and the US. With the tender offer completed, MINT will immediately turn its focus to working closely with NH Hotel Group to complete integration-related tasks and to unlock value-accretive and mutually complementary benefits across both businesses, with the aim of maximizing shareholder value in both companies on a foundation of financial discipline and strong corporate governance. In addition, over the next few quarters and with the benefit of accounting consolidation of NH Hotel Group's strong earnings, MINT will actively manage its funding structure, without new issuance of capital.

"We are extremely pleased with the outcome of our tender offer," commented William E. Heinecke, Founder and Chairman of MINT. "The acquisition of NH Hotel Group has transformed MINT into a truly global hospitality company, with a strong focus on exceeding the expectations of today's customers. The combined MINT-NH Hotel Group platform offers an extended product range across our combined brand portfolio with global geographical coverage. This, combined with the opportunities to leverage the respective strengths of MINT and NH Hotel Group to our mutual benefit, make it an extremely exciting time for our companies, our shareholders and our valued guests."

Dillip Rajakarier, CEO of Minor Hotels added, "The acquisition of NH Hotel Group is a true game-changer for both MINT and NH Hotel Group. We have complete confidence in the NH Hotel Group's business fundamentals and anticipate strong earnings results in 2018 and beyond, as management announced earlier this year. NH Hotel Group has a clear, proven track record of delivering strong and consistent EBITDA growth, underpinned by a strategic, high-value hotel real estate portfolio and deep relationships with asset owners and customers throughout Europe and Latin America. I am personally very excited to welcome the highly talented management team of NH Hotel Group and to work closely with them. Together, I am confident that we will succeed in bringing together our two great companies to create an even more exciting proposition for all stakeholders."

About Minor International: Minor International (MINT) is a global company focused on three core businesses: hospitality, restaurants, and lifestyle brands distribution. MINT is a hotel owner, operator and investor with a portfolio of 549 hotels under the Anantara, AVANI, Oaks, Tivoli, NH Collection, NH, nhow, Elewana, Marriott, Four Seasons, St. Regis, Radisson Blu and Minor International brands in 53 countries across Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe, South America and North America. MINT is also one of Asia's largest restaurant companies with over 2,100 outlets operating system-wide in 27 countries under The Pizza Company, Swensen's, Sizzler, Dairy Queen, Burger King, Thai Express, The Coffee Club, BreadTalk (Thailand), Riverside and Benihana brands. MINT is one of Thailand's largest distributors of lifestyle brands and contract manufacturers. Its brands include Brooks Brothers, Esprit, Bossini, OVS, Gap, Banana Republic, Etam, Radley, Anello, Save My Bag, Charles & Keith, Pedro, Zwilling J.A. Henckels, Joseph Joseph, Bodum and Minor Smart Kids.

For more information, please visitwww.minor.com.

Press Contacts: Chaiyapat Paitoon / Jutatip Adulbhan at Tel: (662) 365-7500

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Minor International pcl published this content on 26 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 October 2018 12:56:04 UTC