(Translation)

July 27, 2022

To

Director and Manager

The Stock Exchange of Thailand

Subject: Submittal of the Unreviewed Interim Financial Statements and

Operating Results for the period of Q2/22 and Interim dividend payment

The Siam Cement Public Company Limited (or "SCC") hereby submits the 1) unreviewed interim consolidated financial statements, and 2) management discussion and analysis (MD&A) for the period of Q2/22, ended June 30, 2022. Details of the operating results are as follows:

For the period of Q2/22, consolidated revenue from sales increased 14% y-o-y to Baht 152,534 million, mainly from higher sales across all businesses driven by higher product prices in-line with the market. Consolidated profit for the period of Baht 9,937 million, a decrease of 42% y-o-y, largely attributable to higher feedstock cost and lower equity income from associates of Chemicals business.

For the first half of 2022 (H1/22), consolidated revenue from sales increased 19% y-o-y to Baht 305,028 million, mainly from higher sales across all businesses driven by higher product prices in-line with the market. Consolidated profit for the period registered Baht 18,781 million, a decrease of 41% y-o-y, mainly attributable to higher feedstock cost following higher oil prices, and lower equity income from associates of Chemicals business. In addition, petrochemicals industry was outperformed in H1/21 because of the winter freeze's supply shortage in the United States.

As of June 30, 2022, consolidated total assets amounted to Baht 903,137 million, an increase of Baht 42,036 million from the year ended 2021.

At SCC's Board of Directors Meeting, held on July 27, 2022, the Board of Directors approved an interim dividend payment of Baht 6.00 per share for the first half of 2022 (H1/22), totaling Baht 7,200 million. This interim dividend payment was derived from the profit which was subject to corporate income tax of 20%. Therefore, a natural person shareholder shall be entitled to a tax credit equaling the product of dividend times 20/80.1 Further, SCC will deduct a withholding tax at the rate of 10%.

1 A natural person shareholder shall be entitled to a tax credit according to Section 47 bis of The Revenue Code.

The above interim dividend distribution shall be payable to the shareholders entitled to receive the dividend according to the Company's Articles of Association and who were listed on the record date on Thursday, August 11, 2022 (The XD, or the date on which a purchaser will not be entitled to receive the dividend, will be on Wednesday, August 10, 2022.) The interim dividend payment will be made on Friday, August 26, 2022. The receipt of such dividend shall be within 10 years.

Yours sincerely,

The Siam Cement Public Company Limited - Sign by -

(Mr. Roongrote Rangsiyopash)

President

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Siam Cement pcl published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 05:51:04 UTC.