TMBThanachart Bank Public Company Limited (the Bank) informed that the Bank will partially repurchase the additional tier 1 capital securities namely "4.90 per cent. Perpetual Additional Tier 1 Capital Securities" (the Notes) issued and offered entirely overseas, by making a tender offer prior to its maturity date. The period of the tender offer will be from 10 August 2023 to 18 August 2023, at the repurchase price of up to 97% of the principal amount per trading unit of the Notes, with the repurchase value not exceeding USD 60,000,000, representing 15% of the aggregate principal amount of the Notes issued in which, when combined with the Notes that were previously repurchased in the second half of 2022, the total value of the repurchased Notes will not exceed USD 214,333,000, representing 53.58% of the aggregate principal amount of the Notes issued.

The Bank may amend, waive, or terminate any of the terms and conditions of the tender offer (including, but not limited to, purchasing more than the maximum acceptance amount). In that case, the Bank will further report details of any such amendment, waiver, or termination. The partial repurchase of the Notes prior to its maturity date has been approved by the Bank of Thailand and is in accordance with the Bank's financing plan for efficient management of the funding structures and funding costs.

The Bank considered that it does not have any significant impact on the Bank's capital level as the Bank has always maintained a high level of capital base. This was reflected in the Capital Adequacy Ratio (CAR) and the Tier 1 Capital Ratio (Tier 1), which was at 19.8% and 16.1% at the end of the 2nd quarter in 20231/which is higher than the minimum requirements of the banks under the D-SIBs group set by the Bank of Thailand at 12.0% and 9.5%, respectively.