August 2, 2017

Subject: Report on the success of Buriram Sugar Group Power Plant Infrastructure Fund (BRRGIF) (Net revenue transfer transaction and Unit subscription transaction)

To: President of the Stock Exchange of Thailand

Reference is made to the resolutions of the Extraordinary General Meeting of Shareholders of Buriram Sugar Public Company Limited (the "Company") No. 1/2016, held on September 8, 2016, which resolved to approve the setup of Buriram Sugar Group Power Plant Infrastructure Fund (the "Fund") and approve the Company and/or its subsidiary to enter into the transactions with the Fund and relevant business. The details are set out in a report on resolution of shareholders meeting to which the Company released through the Stock Exchange of Thailand's information disclosure channel on September 8, 2016.

The Company would like to inform you that, on August 1, 2017, the Office of the Securities and Exchange Commission approved the registration of the Fund, named "Buriram Sugar Group Power Plant Infrastructure Fund". Total investment units of the Fund are 350,000,000 units. The offering price per investment unit as well as the par value per investment unit is Baht 10.30. The proceeds that the Fund obtained from the initial public offering are Baht 3,605,000,000. The first day of trading of BRRGIF's units on the Stock Exchange of Thailand is expected to be August 7, 2017.

In addition, the Company would like to inform you of the success and completion of the entry into and the execution of the transaction with the Fund in accordance with the resolutions of the Extraordinary General Meeting of Shareholders No. 1/2016, held on September 8, 2016 as follows:

  1. Net revenue transfer transaction: Buriram Energy Co., Ltd. ("BEC") with Buriram Power Co., Ltd. ("BPC"), the Company's subsidiaries, entered into Net revenue transfer agreement with the Fund on August 2, 2017, and transfer right in net revenue to the Fund on the same day. The net revenue will be generated from the following assets:
    1. BEC's Cogeneration biomass power plant (very small power plant producer: VSPP), capacity of

      9.9 MW, owning PPA contract with PEA until August 10, 2028.

    2. BPC's Cogeneration biomass power plant (very small power plant producer: VSPP), capacity of

      9.9 MW, owning PPA contract with PEA until April 6, 2035.

    3. Investment unit subscription transaction: the Company has subscribed for 103,629,328 units at 10.30 Baht per unit (equivalent to 1,067,382,078.40 Baht) which consider to be 29.61% of total units of the Fund.

    4. Furthermore, the Company BEC BPC and Buriram Sugar Factory Co., Ltd. also entered into other agreements in relation to or in association with the setup of the Fund as described above.

      Please be informed that the aforesaid transactions with the Fund are successful. BEC and BPC have already received the proceeds from the transfer of net revenue.

      For more details, please visit the Fund's website (www.brrgif.com). The prospectus can be download from the Office of the Securities and Exchange Commission's website (www.sec.or.th)

      Please be informed accordingly.

      Yours sincerely,

      Buriram Sugar Public Company Limited

      (Mr. Anant Tangtongwechakit)

      Chairman of Executive Committees and Managing Director

    Buriram Sugar pcl published this content on 03 August 2017 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 03 August 2017 02:13:01 UTC.

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