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CSO S63-132

June 24, 2020

ToPresident,

The Stock Exchange of Thailand

Subject: Establishing a Joint-Venture Providing Home & Living Product and Service

Digital Marketplace Platform in Indonesia

The Siam Cement Public Company Limited (or "SCC") hereby announces that BetterBe Marketplace Co., Ltd. (or "BetterBe"), a subsidiary of SCG Distribution Company Limited which is a subsidiary of SCC, has entered into a joint-venture agreement with PT Marindo Inticor (or "MI"), a local holding company, to establish PT Renos Marketplace Indonesia (or "New Company or Renos"), a digital marketplace platform for home & living products in Indonesia, to catch the growing trend in online home & living products shopping amid end- users' increasing accessibility to the internet. This transaction is aligned with SCC's strategy to develop e-marketplace platform in South East Asia.

The registered capital is 17.2 Billion Indonesian Rupiah or approximately 39 million Baht. BetterBe will hold 49% equity in Renos, while the remaining 51% equity will be held by MI. The operation is expected to start in the third quarter of 2020.

MI is an Indonesian holding company that invests in several businesses such as sanitary wares & fittings and bathroom accessories as well as ceramic and home & living product distribution.

BetterBe operates NocNoc.com, an online marketplace platform for home and living related products and services in Thailand. Launched in early 2019, NocNoc has been growing amid increasing online purchasing activities by consumers.

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 March 31, 2020, and when combined with those in the past six months prior to the date of this transaction, the total size is 0.03%. 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 24 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2020 11:31:02 UTC