Thai Sugar Terminal Public Company Limited announced that the Company, has signed a Memorandum of Understanding with Thai International Logistics Company Limited ("TIL") which operates container terminals, warehouses and container transportation services Memorandum of Understanding is an agreement to jointly operate the container terminal 16C located on Puchaosamingprai Road. Samrong Klang Subdistrict Phra Pradaeng District Samut Prakan Province by joint venture in the form of registration of the establishment of a new juristic person by the Company and/or its affiliates. There will be a 25% stake in the new juristic person and TIL will have a 75% stake in the new juristic person.

The signing of this memorandum is the implementation of the vision and mission of the company that is determined to improve and develop the standard of logistics services continuously at the international level by encouraging the company continuously to grow stronger. However, Parties are not related parties to the Company or its subsidiaries Therefore, this is not a related parties transaction, according to the Notification of the Capital Market Supervisory Board No. TorJor.

21/2008, and when calculating the size of the asset acquisition transaction not in the scope of reporting information following the Notification of the Capital Market Supervisory Board No. TorJor. 20/2008.