-Translation-

January 12, 2018

Subject:

Update the progress of the investment of Patara Fine Thai Cuisine Limited

To:

The President

The Stock Exchange of Thailand

Enclosure 1

The notification to the Stock Exchange of Thailand dated April 22, 2015

Minor International Public Company Limited ("the Company" or "MINT") would like to inform that according to the notification to the Stock Exchange of Thailand dated April 22, 2015 regarding the investment of Patara Fine Thai Cuisine Limited ("PFTC"), (a 50% joint venture holding by MFG International Holding (Singapore) Pte. Ltd., a 100% subsidiary of Primacy Investment Ltd. which is 100% wholly owned by The Minor Food Group Public Company Limited, a 99.73% subsidiary of MINT) as attached.

At present, conditions precedent are completed, PFTC has paid GBP 7 million to acquire and/or operate restaurant business in UK, which comprises 4 existing Patara restaurants, related assets and franchise rights to develop, open and operate those existing restaurants as well as new Patara and Suda restaurants in the UK.

1 existing Suda restaurant was not acquired since it will be closed in the first quarter of 2018.

Please be informed accordingly.

Sincerely yours,

- Signed - -----------------------------------------(Mr. Paul Charles Kenny) Director

Enclosure 1

- Translation -

April 22, 2015

Subject: Notification of investment of MINT subsidiaries

To:The President

The Stock Exchange of ThailandMinor International Public Company Limited ("the Company" or "MINT") would like to inform the investment of MFG International Holding (Singapore) Pte. Ltd. (a 100% subsidiary of Primacy Investment Ltd. which is 100% wholly owned by The Minor Food Group Public Company Limited, a 99.73% subsidiary of MINT) of a stake in a joint venture company as per details below:

Date of transaction

After obtaining an approval by Extraordinary General Meeting of

Shareholders of S & P Syndicate Public Company Limited ("SNP") on June

17, 2015, as this is considered as the connected transactions for SNP

pursuant to the Notification of the Capital Market Supervisory and the

size and value of the transactions are greater than 3% of SNP's net

tangible assets.

Joint venture company name

Patara Fine Thai Cuisine Limited ("PFTC")

Shareholding structure after investment

1. MFG International Holding (Singapore) Pte. Ltd. 50%

2. S&P Development Holding Pte Ltd. 50%

S&P Development Holding Pte Ltd. is a 100% subsidiary of SNP which is

held 33.8% by MINT

Registered Capital

GBP 3 Million, comprising of 3 Million ordinary shares at par value of

GBP 1 per share, fully paid

Type of business

Thai restaurant

MINT's source of funds

Internal cash flow

Objective of investment

Develop a successful Thai restaurant concept and gain presence in the

UK

After this joint venture, subject to the completion of certain conditions precedent, PFTC has an option to acquire assets detailed as follows:

Purchaser:

Patara Fine Thai Cuisine Limited ("PFTC")

Seller:

S&P Restaurants Limited ("SPRL")

SPRL is a wholly owned subsidiary of SNP which is held 33.8% by MINT

Details of Assets:

4 existing Patara and 1 existing Suda restaurants and related assets.

PFTC will be granted the franchise rights to develop, open and operate

those existing restaurants as well as new Patara and Suda restaurants in

the UK.

Investment value:

GBP 7 Million, or THB 340 Million approximately

MINT's source of funds:

Internal cash flow and bank loansThis is not classified as a connected transaction for MINT and the value of such transaction is not required to be disclosed under the Stock Exchange of Thailand's notification regarding Rules and Procedures and Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets.

Please be informed accordingly.

Sincerely yours,

- Signed -

(Mr. Paul Charles Kenny)

Director

Minor International pcl published this content on 12 January 2018 and is solely responsible for the information contained herein.
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