Siam Makro Public : The Establishment of a new Subsidiary Company in India

Translation

Date: 20 January 2017

Subject: The Establishment of a new Subsidiary Company in India To: President of the Stock Exchange of Thailand

Siam Makro Public Company Limited ("the Company") would like to inform that Makro ROH Company Limited, 100% owned by the Company, has set up a new subsidiary which registered in India, with details summarized as follows:

Name of new Subsidiary	: CP Wholesale India Private Limited
Registered Country	: India
Date of Registration	: 19 January 2017
Type of Business	: Wholesale and related businesses
Initial Registered Capital	: INR 100,000 or approximately THB 51,813
(The exchange rate of THB 1.00 for INR 1.93)
Shareholding Structure	: 1) Makro ROH Company Limited holds 99.99 percent 2) Mr.Tanit Chearavanont holds 0.01 percent
Source of Funds	: Internally generated cash flow

The transaction mentioned above is not considered a connected transaction and the size of the transaction is not regarded as an acquisition or disposal of assets which is significant under the Notification of the Capital Market Supervisory Board No. TorJor.20/2551 re: Rules and Regulations for Executing Significant Transactions Categorized as an Acquisition or Disposal of Assets, and relating regulations.

Please be informed accordingly.

SET & Investor Relations

Yours faithfully,

Siam Makro Public Company Limited

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(Saowaluck Thithapant)

Chief Financial and Shared Services Officer

Tel. [phone] extension 8260/8261 Fax. [phone]