Translation

CSO S61-321

December 12, 2018

ToPresident,

The Stock Exchange of Thailand

Subject: Distribution Joint Venture in Bangladesh

The Siam Cement Public Company Limited (or "SCC") hereby announces that SCG Trading Company Limited (or "SCG Trading"), a 99.97% subsidiary indirectly owned by SCC, has entered into a joint venture agreement with Great Wall Ceramic Industries Ltd. (or "Great Wall") to co-invest and establish Smart Build Bangladesh Co., Ltd. (or "Smart Build") in Bangladesh following its strategic plan to export and expand distribution channels to the South Asian region.

The capital of this newly established joint venture company is planned to be 63.5 million BDT (approximately 25 million Baht), and SCG Trading will host a 51% equity stake, while the other 49% will be held by Great Wall. Operations are expected to begin in the second quarter of 2019.

Great Wall is a leading manufacturer, importer and distributor of ceramic tiles and sanitary wares in Bangladesh with a long business partnership with SCG Trading for over ten years with the total sales volume of approximately 6,480 million BDT (approximately 2,715 million Baht) in 2017. Smart Build is formed aiming at supporting the business transform of SCG Trading from an import-export agent to an integrated distributor while providing product installing and consulting services.

This investment is considered an asset acquisition transaction. The size of this transaction is 0.00% of total assets stated in SCC consolidated financial statements as at September 30, 2018, and when combined with those in the past six months prior to the date of this transaction, the total size is 6.61%. Thus, the disclosure of this transaction is not required pursuant to disclosure rule for the acquisition and disposition of assets. This transaction is not a connected transaction.

Please be informed accordingly.

Yours faithfully,

The Siam Cement Public Company Limited -signed by-

(Mr. Roongrote Rangsiyopash)

President & CEO

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Siam Cement pcl published this content on 12 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 December 2018 05:54:05 UTC