United Power of Asia Public : Notification of the 2nd Exercise of the Warrant to Purchase Ordinary Shares of United Power of Asia Public Company Limited No. 2 (UPA-W2)

	บริษัทยูไนเต็ด เพาเวอร์ ออฟ เอเชียจ ากัด(มหาชน)
	United Power of Asia Public Company Limited
No. UPA 016-2022
	15 June 2022
Re:	Notification of the 2nd Exercise of the Warrant to Purchase Ordinary Shares of United Power of Asia
	Public Company Limited No. 2 (UPA-W2)
To:	The President
	The Stock Exchange of Thailand

United Power of Asia Public Company Limited ("Company") issued 2,021,723,842 units of Warrants to Purchase Ordinary Shares of the Company No. 2 ("UPA-W2"), since January 28, 2022. The holders of UPA-W2 are entitled to exercise their right to purchase the Company's ordinary shares on the last day of each quarter in 2022 until the maturity date of UPA-W2 which is January 27, 2023. In case that any exercise date fall on the holiday, such date shall be moved to a business day prior to such exercise date.

In this regards, the Company would like to inform details regarding the exercise of UPA-W2 on the 2nd Exercise date, which is June 30, 2022 as follows:

1. Notification Period
2. Exercise Ratio
3. Exercise Price
4. Contact Address for Exercise of Warrants

June 23-24, 2022 and June 27-29, 2022

During 9.00 a.m. to 3.30 p.m.

1 unit of the Warrants shall be entitled to purchase 1 ordinary share. The exercise ratio is subject to change in accordance with the conditions for right adjustment.

0.50 Baht (fifty Satang) per 1 new ordinary share. The exercise price is subject to change in accordance with the conditions for right adjustment.

Company Secretary

United Power of Asia Public Company Limited

127, Gaysorn Tower Building, Floor 28, Room no. A,B,D/1, Ratchadamri Road., Lumpini Sub-district, Pathumwan District Bangkok 10330

Tel: [phone]

Fax: [phone]

เลขที่127 อาคารเกษร ทาวเวอร์ชั้นที่28 ห้องเลขที่,บีเอ,ดี/1 ถนนราชดำริห์แขวงลุมพินีเขตปทุมวันกรุงเทพมหานคร10330

No. 127, Gaysorn Tower Building, Floor 28, Room no. A,B,D/1,	Ratchadamri Rd., Lumphini, Pathum Wan, Bangkok 10330
T e l : 0 2 - 6 7 7 - 7 1 5 1	F a x : 0 2 - 6 7 7 - 7 1 5 2

บริษัทยูไนเต็ด เพาเวอร์ ออฟ เอเชียจ ากัด(มหาชน)

United Power of Asia Public Company Limited

5. Methods and Procedures for the exercise of warrants

Warrant Holders or Warrant Substitute holders who would like to exercise their rights to purchase the ordinary shares must comply with the conditions within the Notification Period, by proceeding and sending the following documents to the Company at the aforementioned contact address.

1. To submit a correct and completed exercise notification form, duly signed by the Warrant Holders to the Company within the Notification Period. The Warrant Holders can obtain the exercise notification form at the contact address or download the exercise notification form from the Company's website (www.unitedpowerofasia.com) during the Notification Period.
2. To deliver the Warrants or Warrant Substitute, in the form prescribed by the SET in which the Warrant Holders endorse their name as the transferor on the back thereof, pursuant to the number indicated in the exercise notification form, and the power of attorney authorizing other person to collect the new Warrants for the unexercised portion (if any).
3. • In the case that the Warrants are on the scrip system, the Warrant Holders can immediately use the Warrants as evidence to give notice of their intention to exercise.
   • In the case that the Warrants are on the scripless system, the Warrant Holders who want to exercise their rights shall notify their intentions and file the application form for withdrawal of the Warrants, or for the issuance of Warrant Substitute, as prescribed by the SET, to security companies acting as their brokers. The security companies will then notify the Securities Depository to request for withdrawal of the Warrants or Warrant Substitutes to be used as evidence in exercising the rights to purchase the ordinary shares, as stated above.
4. The Warrant Holder may exercise his/her rights to purchase ordinary shares under the condition that he/she must exercise rights to purchase not less than 100 ordinary shares or multiplication of 100 ordinary shares, except for the case where there is a fraction of such Warrants. However, in the case that the Warrant Holder has the right to purchase less than 100 ordinary shares, such Warrant Holder must exercise the right to purchase the ordinary shares at once.
5. To pay the exercise price according to the amount specified in the exercise notification form by the method as follows:
6. • Issue crossed cheque or bank draft, which could be called in Bangkok area within 2 business days prior the exercise date, payble to "Account for Subscription for Capital Increase Shares of United Power of Asia Plc." The date of cheque or bank draft shall be during June 23-24, 2022 or June 27, 2022
     The Warrant Holders or Warrant Substitute holders who would like to make a payment by this method shall submit the exercise notification form during 9.00 a.m.- 3.30 p.m. of June 23-24, 2022 or during 9.00 a.m.- 11.30 p.m. of June 27, 2022

เลขที่127 อาคารเกษร ทาวเวอร์ชั้นที่28 ห้องเลขที่,บีเอ,ดี/1 ถนนราชดำริห์แขวงลุมพินีเขตปทุมวันกรุงเทพมหานคร10330

No. 127, Gaysorn Tower Building, Floor 28, Room no. A,B,D/1,	Ratchadamri Rd., Lumphini, Pathum Wan, Bangkok 10330
T e l : 0 2 - 6 7 7 - 7 1 5 1	F a x : 0 2 - 6 7 7 - 7 1 5 2

บริษัทยูไนเต็ด เพาเวอร์ ออฟ เอเชียจ ากัด(มหาชน)

United Power of Asia Public Company Limited

• Transfer money into the Company's bank account as follows.

Account Name:	Account for Subscription for Capital Increase Shares of United Power of
	Asia Plc.
Account Type:	Current Account
Bank:	Siam Commercial Bank Plc.
Branch:	Q-House Lumphini Building
Account Number :	227-3-01684-0

The Warrant Holders or Warrant Substitute holders are responsible for expenses and/or fees arising from the fund transfer, stamp duties and other taxes (if any) under the Revenue Code and other regulations or laws applicable to the exercise of their rights to purchase the ordinary shares.

The Warrant Holders or Warrant Substitute holders who would like to make a payment by this method shall submit the exercise notification form during 9.00 a.m.- 3.30 p.m. of June 23-24, 2022 or during 9.00 a.m.- 3.30 p.m. of June 27-19, 2022

1. Supplemental documents required for the exercise of the Warrants:

(1)	Thai individuals	A certified true copy of a valid identification card or
		governmental officer identification card or state enterprise
		officer identification card (in case of any change in
		name/surname which causes the name/surname to be
		different from the name/surname appearing on the Warrants,
		the copy of any document issued by the governmental
		authority, e.g. certificate of name/surname change, etc. must
		be enclosed).
(2)	Non-Thai individuals	A certified true copy of a valid alien identification card or
		passport.
(3)	Thai legal entities	A certified true copy of the affidavit issued by the Ministry of
		Commerce for a period of no longer than 6 months prior to
		the date on which the exercise notification form is submitted,
		duly signed by the authorized director(s) whose name appears

on the affidavit with the company's seal affixed (if any), along with a certified true copy of the documents specified in Clause (1) or (2) of the authorized director(s) (as the case may be).

เลขที่127 อาคารเกษร ทาวเวอร์ชั้นที่28 ห้องเลขที่,บีเอ,ดี/1 ถนนราชดำริห์แขวงลุมพินีเขตปทุมวันกรุงเทพมหานคร10330

No. 127, Gaysorn Tower Building, Floor 28, Room no. A,B,D/1,	Ratchadamri Rd., Lumphini, Pathum Wan, Bangkok 10330
T e l : 0 2 - 6 7 7 - 7 1 5 1	F a x : 0 2 - 6 7 7 - 7 1 5 2

บริษัทยูไนเต็ด เพาเวอร์ ออฟ เอเชียจ ากัด(มหาชน)

United Power of Asia Public Company Limited

(4)	Non-Thai legal entities	A certified true copy of the certificate of incorporation and/or
		affidavit of such legal entity issued from the competent
		government authority of the country in which such juristic
		person is incorporated, notarized by a notary public of the
		country issuing such documentation for a period of no longer
		than six months prior to the date on which the exercise
		notification form is submitted, duly signed by the authorized
		director(s), along with a certified true copy of the documents
		specified in Clause (1) or (2) of the authorized director(s) (as
		the case may be).
(5)	Custodians	A certified true copy of the certificate of incorporation,
		notarized by a notary public of the country issuing such
		documentation for a period of no longer than 6 months prior

to the date on which the exercise notification form is submitted, including a letter of custodian appointment, a power of attorney (if any) and a certified true copy of the documents specified in Clause ( 1) or ( 2) of the authorized director(s) (as the case may be).

1. Delivery of Ordinary Shares Issued from the Exercise of Warrants

With respect to the exercise of Warrants to purchase the Company's ordinary shares, the Warrant Holders or Warrant Substitute holders may have the Company to carry out the delivery procedures as specified in clause 7.5 of the Terms and Conditions Governing the Rights and Obligations of the Issuer and Holders of Warrants to Purchase Ordinary Shares of United Power of Asia Public Company Limited No. 2 (UPA-W2) for the Existing Shareholders.

If the Warrant Holder or Warrant Substitute holders intends to use the service of the Securities Depository by depositing the ordinary shares issued from the exercise to the securities issuer account no. 600, the Warrant Holder or Warrant Substitute holders shall fill in and sign on the "U.S. Indicia Checklist" in case of Individual and Juristic Person, and the "Entity Status Certification and Information Disclosure Consent Form under FATCA" (FATCA STATUS) in case of Juristic Person, and submit together with other required documents.

เลขที่127 อาคารเกษร ทาวเวอร์ชั้นที่28 ห้องเลขที่,บีเอ,ดี/1 ถนนราชดำริห์แขวงลุมพินีเขตปทุมวันกรุงเทพมหานคร10330

No. 127, Gaysorn Tower Building, Floor 28, Room no. A,B,D/1,	Ratchadamri Rd., Lumphini, Pathum Wan, Bangkok 10330
T e l : 0 2 - 6 7 7 - 7 1 5 1	F a x : 0 2 - 6 7 7 - 7 1 5 2

บริษัทยูไนเต็ด เพาเวอร์ ออฟ เอเชียจ ากัด(มหาชน)

United Power of Asia Public Company Limited

For more details, please refer to the Terms and Conditions Governing the Rights and Obligations of the Issuer and Holders of Warrants to Purchase Ordinary Shares of United Power of Asia Public Company Limited No. 2 (UPA-W2) for the Existing Shareholders.

Please be informed accordingly.

Sincerely yours,

( Mr. Wit Suwanasri )

Chief Executive Officer (Acting)

เลขที่127 อาคารเกษร ทาวเวอร์ชั้นที่28 ห้องเลขที่,บีเอ,ดี/1 ถนนราชดำริห์แขวงลุมพินีเขตปทุมวันกรุงเทพมหานคร10330

No. 127, Gaysorn Tower Building, Floor 28, Room no. A,B,D/1,	Ratchadamri Rd., Lumphini, Pathum Wan, Bangkok 10330
T e l : 0 2 - 6 7 7 - 7 1 5 1	F a x : 0 2 - 6 7 7 - 7 1 5 2