True : 26 GHz Spectrum License

(Translation)

Ref: TRUE-SEC 005/2564

17th February 2021

President of the Stock Exchange of Thailand The Stock Exchange of Thailand

Subject: 26 GHz Spectrum License

Reference: Letter of the Company No. TRUE-SEC 003/2563 dated 17th February 2020

As True Move H Universal Communication Company Limited ("TUC"), a 99.99% subsidiary of True Corporation Public Company Limited (the "Company"), is an auction winner in the auction of the 26 GHz Spectrum License of eight slots in the bands of 24.3-25.1 GHz, with 800 MHz bandwidth at the Spectrum Licensing price of Baht 3,576.89 million on 16th February 2020. TUC is required to completely fulfill the conditions precedent within 1 year from the date on which the Company receives the official notification as an auction winner by the Office of the National Broadcasting and Telecommunications Commission (the "NBTC"), details are as appeared in the Reference Letter.

The Company would like to notify you that TUC has paid the Spectrum License auction fee in the amount of Baht 3,576.89 million (excluding VAT) and completely fulfilled the conditions precedent as determined by NBTC and already received the 26 GHz Spectrum License.

Please be informed accordingly.

Respectfully yours,

- Signature -

Ms. Yupa Leewongcharoen Group Chief Financial Officer