Singapore Telecommunications : AIS - Progress of legal dispute between DPC and CAT on transferring telecom equipment

General Announcement::AIS - Progress of legal dispute between DPC and CAT on tra... Page 1 of 1

GENERAL ANNOUNCEMENT::AIS - PROGRESS OF LEGAL DISPUTE BETWEEN DPC AND CAT ON TRANSFERRING TELECOM EQUIPMENT

Issuer & Securities

Issuer/ Manager

SINGAPORE TELECOMMUNICATIONS LIMITED

Securities

SINGTEL - SG1T75931496 - Z74

Stapled Security

No

Announcement Details

Announcement Title

General Announcement

Date &Time of Broadcast

15-Jan-2021 07:19:27

Status

New

Announcement Sub Title

AIS - Progress of legal dispute between DPC and CAT on transferring telecom equipment

Announcement Reference

SG210115OTHRD7WL

Submitted By (Co./ Ind. Name)

Lim Li Ching (Ms)

Designation

Assistant Company Secertary

Description (Please provide a detailed description of the event in the box below)

Attached is a release issued by Advanced Info Service Public Company Limited, a joint venture company of Singapore Telecommunications Limited.

Attachments

AIS-ProgressOfLegalDispute.pdf

Total size =231K MB

https://links.sgx.com/1.0.0/corporate-announcements/Z7DETSVK7GEEHCU3/0cee9... 15 Jan 2021

AIS-CP 002/2021

14 January 2021

Subject:Progress of legal dispute between DPC and CAT on transferring telecom equipment

To:President

The Stock Exchange of Thailand

The reference is made to the legal dispute that CAT Telecom Public Company Limited ("CAT") submitted to the Alternative Dispute Resolution Office, the Arbitration Institute, Court of Justice on January 31, 2018, referring to the Agreement for operations regarding cellular telecommunication services between CAT and Digital Phone Co. , Ltd. (" DPC") , the subsidiary company of Advanced Info Service PLC. ( " the Company" or "AIS") which has already expired. Under the dispute, CAT demands DPC to transfer the ownership of telecom equipment consists of 4,657 telecommunication towers, 3,012 containers, power supply, mobile number portability system and call center system which DPC collectively used with AIS. The total claim is 13,431 million Baht and an additional claim for opportunity loss of 116 million Baht per month plus default interest rate at 7.5% per annum.

The Company would like to inform that DPC has received the Arbitration Committee resolution which resolved to dismiss the CAT' s dispute. As a result, DPC is not obliged to transfer telecom equipment nor make payment for any claim by CAT. However, CAT is eligible to file a petition to the Central Administrative Court to revoke the Arbitration's resolution within 90 days. Should there be any further significant update, the Company will inform accordingly.

Please be informed accordingly -signed-

(Mr.Tee Sriumpornroj)

Chief Finance Officer

Advanced Info Service PLC.