PTT Oil and Retail Business Public : Notification of the investment in K-NEX Corporation Company Limited (KNEX)

	(Translation)
No. 31300001/ 93 /2565
	June 17, 2022
Subject	Notification of the investment in K-NEX Corporation Company Limited (KNEX)
To	The President
	The Stock Exchange of Thailand

PTT Oil and Retail Business Public Company Limited (OR) would like to inform that OR's Board of Directors at meeting No. 4/ 2565 on April 27, 2022, resolved to approve Modulus Venture Company Limited (Modulus), a wholly-owned subsidiary of OR, to invest by purchasing newly issued common shares of K-NEX Corporation Company Limited (KNEX), with a total investment amount not exceeding THB 1,105 million. After such investment, Modulus will hold 40%, and the KNEX's former shareholders will hold 60% of all common shares issued by KNEX. KNEX sells and distributes industrial washing and drying machines and operates a self-service laundromat chain under the name 'Otteri Wash & Dry.' The investment objective is to strengthen OR's retail business by increasing product diversification and creating domestic and international growth opportunities. In this regard, Modulus has signed a share subscription agreement and a shareholder agreement on June 16, 2022.

This transaction is not classified as a connected transaction, and the transaction size does not require disclosure according to the regulations on the acquisition and disposition of assets of the listed companies. However, for transparency purposes, this transaction is disclosed to ensure fair access to important information for all investors.

Please be informed accordingly

Yours Sincerely,

Ms. Jiraphon Kawswat

Acting President & Chief Executive Officer

Investor Relations Management Department

Tel : [phone]