Siam Cement Public : Completion of the 70% share acquisition of "Duy Tan" in Vietnam of SCG Packaging Public Company Limited

CSO S64-128

July 27, 2021

To President

The Stock Exchange of Thailand

Subject: Completion of the 70% share acquisition of "Duy Tan" in Vietnam

of SCG Packaging Public Company Limited

Reference is made to the February 9, 2021 notification of The Siam Cement Public Company Limited ( or " SCC" ) to the Stock Exchange of Thailand, regarding SCG Packaging Public Company Limited enters into 70% Share Purchase Agreement with Duy Tan Plastics Manufacturing Corporation in Vietnam.

SCC hereby announce the completion of the 70% share acquisition ( Merger and Partnership: M&P) in Duy Tan Plastics Manufacturing Corporation ( or " Duy Tan" ) as SCG Packaging Public Company Limited ( or " SCGP" ) a subsidiary of SCC has disclosed the information of Completion of the 70% share acquisition of "Duy Tan" in Vietnam to the Stock Exchange of Thailand as the details in the attachment.

This transaction is considered an acquisition of new subsidiary with the transaction size of 1. 22% of total assets stated in SCC consolidated financial statements as at March 31, 2021. When combined with those in the past six months prior to the date of this transaction, the total size is 1. 46% . 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,

- Signed-

(Mr. Roongrote Rangsiyopash)

President & CEO

The Siam Cement Public Company Limited

Translation
(note: assuming done deal on July 23).
CSO-SCGPS64-041	July 23, 2021
To President,
The Stock Exchange of Thailand

Subject: Completion of the 70% share acquisition of "Duy Tan" in Vietnam

SCG Packaging Public Company Limited (or "SCGP) hereby announces the completion of its 70% merger and partnership (M&P) investment in Duy Tan Plastics Manufacturing Corporation (or "Duy Tan"), which follows the previous disclosure to The Stock Exchange of Thailand on February 9, 2021.

Payment for the 70% M&P stake is the immediate 3,630 billion VND (approximately 5,170 million Baht), followed by the second payment which will be based on Duy Tan's incremental financial performance for FY2020 and FY2021, and when combined with the first payment will be no more than the total of 6,400 billion VND (approximately 9,120 million Baht). This transaction is through SCGP Rigid Packaging Solutions Pte. Ltd. ("SCGPRS"), which is a wholly owned subsidiary of SCGP. Duy Tan's financial performance will be consolidated from August 2021 onward.

On a last twelve months basis (Q3/2020 - Q2/2021), Duy Tan recorded revenue of approximately 5,025 billion VND (approximately 7,170 million Baht), net profit after tax of approximately 650 billion VND (approximately 930 million Baht) and had assets of approximately 5,000 billion VND (approximately 7,130 million Baht)

Duy Tan is Vietnam's leading producer of rigid plastic packaging products whose clients are mainly high growth consumer brands that are multinational companies and local brand owners of consumer/FMCG products. The company also manufactures branded home products, such as food wares and containers. This expansion via Merger and Partnership will enlarge SCGP's customer base while reinforce synergies through cross-selling, leveraging operational strength and resource pooling across operations. Moreover, this transaction affirms SCGP's commitment to contribute to the vibrant consumer sectors' supply chain and the economic growth of Vietnam.

SCGP is committed to fulfil the changes of preferences towards sustainable packaging trend globally and also offering products ranging from fiber-based packaging, to performance & polymer packaging and other diversified solutions, with facilities in over 40 plants across ASEAN. Listed on the Stock Exchange of Thailand on October 22, 2020, SCGP has a current market capitalization of approximately $8.2 billion (270,000 million Baht). Please click www.scgpackaging.comfor further details

The above transaction is an acquisition of a new subsidiary with the transaction size of 4.8% of total assets stated in SCGP consolidated financial statements as at March 31, 2021. When combined with those in the past six months prior to the date of this transaction, the total size is 5.5%. 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,

-signed by-

(Mr. Wichan Jitpukdee)

Chief Executive Officer

SCG Packaging Public Company Limited