U City Public Company Limited announced that the Company established a new subsidiary to expand the business of a subsidiary of the Company in Germany. The details of which are as follows: Name: REVO München Hotelbetriebs GmbH; Registered office: Hermann & Kollegen Rechtsanwälte PartG mbB, Maximilianstraße 2, 80539 München, Germany; Incorporated under the laws of: Germany. Type of business is investment in assets business. Registered capital: is EUR 25,000 (or approximately THB 960,000) Total number of shares are 25,000 with par value of EUR 1 per share. Paid-up capital is EUR 25,000 (or approximately THB 960,000). Shareholding Structure: The newly set up company's shares are held by Vienna International Hotelmanagement AG ("VI") at the ratio of 100%. The Company has 100% indirect shareholding in VI via Lombard Estate Holdings Limited, which is the Company's subsidiary in which the Company holds 100% of its total issued shares.

REVO München Hotelbetriebs GmbH's directors are Mr. Daniel Ross, Mr. Rupert Simoner and Ms. Johanna Weichselbaumer.