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Dividend Policy and Reduction of Capital

Dividend Payment

No. Performance Period Dividend Rate (THB/Unit) Book Closing Date Payment Date
1 10 February 2015 - 31 March 2015 0.11 13 May 2015 27 May 2015
2 1 April 2015 - 30 June 2015 0.20 13 August 2015 27 August 2015
3 1 July 2015 - 30 September 2015 0.21 16 November 2015 30 November 2015
4 1 October 2015 - 31 December 2015 0.22 16 February 2016 2 March 2016
5 1 January 2016 - 31 March 2016 0.22 13 May 2016 30 May 2016
6 1 April 2016 - 30 June 2016 0.22 17 August 2559 31 August 2559
7 1 July 2016 - 30 September 2016 0.23 15 November 2016 29 November 2016
8 1 October 2016 - 31 December 2016 0.23 28 February 2017 14 March 2017
9 1 Jan 2017 - 31 Mar 2017 0.24 23 May 2017 6 Jun 2017
10 1 April 2017 - 30 June 2017 0.21 23 August 2017 6 September 2017
11 1 July 2017 - 30 September 2017 0.23 24 November 2017 12 December 2017

Reduction of Capital

No. Book Closing Date Payment Date Capital before Reduction of Unit Value Reduction of Capital Capital after Reduction of Unit Value
Per unit (Baht) Total (Million Baht) Per unit (Baht) Total (Million Baht) Per unit (Baht) Total (Million Baht)
1 3 Mar 16 17 Mar 16 10.00 55,000.00 0.0838 460.90 9.9162 54,539.10
2 15 Nov 16 29 Nov 16 9.9162 54,539.10 0.0409 224.95 9.8753 54,314.15
3 23 May 17 6 Jun 17 9.8753 54,314.15 0.0237 130.35 9.8516 54,183.80

Reson of the Reduction of Capital: The Fund had excess cash from advance rental payment amounting THB 816.51 million which the Fund received from Triple T Broadband PCL.(“TTTBB”) at the Closing Date pursuant to the Main Lease Agreement. The Management Company has planned to decrease the capital of the Fund approximately of THB 130.35 million in 2017. The Management Company, therefore, would like to decrease the capital of the Fund by THB 130.35 million.The capital reduction was made as predetermined and clearly described in the Fund Scheme.

The advance rent of THB 816.51 million is the rent for the last three months under the Main Lease Agreement which will be paid to the Fund in 2026. Therefore, the above capital reduction may result Unitholders receiving less dividends in the future since the advance 3-month rental was already paid in the form of capital reduction. In addition, in the event of a force majeure event, which prevents the Fund from leasing the Optical Fiber Cables to TTTBB and, as a result, the Main Lease Agreement is terminated, the Fund shall still be liable and return the advance rent to TTTBB, provided that TTTBB has fulfilled all of its obligations thereunder. In such event, the Fund may not have sufficient funds to make such payment, in whole or in part, to TTTBB.