21 July 2021 Subject : Disclosure of Additional Information on The
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(Translation) 21 July 2021 Subject : Disclosure of Additional Information on the Tender Offer for the Securities of Intouch Holdings Public Company Limited To : Secretary-General of the Office of the Securities and Exchange Commission President of the Stock Exchange of Thailand Board of Directors and Securities Holders of Intouch Holdings Public Company Limited Reference : Tender Offer for the Securities of Intouch Holdings Public Company Limited dated 28 June 2021 Gulf Energy Development Public Company Limited (the “Offeror” or the “Company”) has submitted the Tender Offer for the Securities of Intouch Holdings Public Company Limited (“INTUCH” or the “Business”) on 28 June 2021 for which Bualuang Securities Public Company Limited acts as a tender offer preparer for this matter (the “Tender Offer Preparer”). The Offeror and the Tender Offer Preparer would like to disclose the following additional information with regard to the tender offer of the Business where the additional information is underlined and the deleted information is strikethrough: 1. Part 1 Page 1 and 2 Objectives of the Tender Offer Original ...In this regard, the Offeror intends to make a tender offer for all ordinary shares in INTUCH, excluding the ordinary shares in INTUCH that the Offeror held as of 28 June 2021 which is the date prior to the date on which the Tender Offer for Securities of INTUCH becomes effective, at the Offer Price of THB 65.00 per share. As of 16 June 2021, the Offerer held 606,878,314 ordinary shares in INTUCH, representing 18.93 per cent of the issued and paid-up shares in INTUCH. In the case that the Offeror acquires additional ordinary shares in INTUCH through the Stock Exchange of Thailand (the “SET”) on 25 and 28 June 2021 which is the date prior to the date on which the Tender Offer for Securities of INTUCH becomes effective at the price of not more than THB 65.00 per share, the Offeror will disclose the most updated relevant information (such as a number of INTUCH shares and shareholding percentage held by the Offeror on the date prior to the Offer Period, the highest price paid for shares acquired by the Offeror during the period of 90 days prior to the date on which the Tender Offer document is submitted to the Securities and Exchange Commission (the “SEC”), the amount of the offered securities and the funds required for the Tender Offer, etc.) through SET Portal and the SEC’s website prior to the date on which the Tender Offer for Securities of INTUCH becomes effective. Revision ...In this regard, the Offeror intends to make a tender offer for all ordinary shares in INTUCH, excluding the ordinary shares in INTUCH that the Offeror held as of 28 June 2021 which is the date prior to the date on which the Tender Offer for Securities of INTUCH becomes effective, at the Offer Price of THB 65.00 per 1 share. As of 16 and 28 June 2021, the OfferorOfferer held 606,878,314 ordinary shares in INTUCH, representing 18.93 per cent of the issued and paid-up shares in INTUCH (the Offeror did not acquire additional ordinary shares in INTUCH through the Stock Exchange of Thailand (the “SET”) from 16 to 28 June 2021). In the case that the Offeror acquires additional ordinary shares in INTUCH through the Stock Exchange of Thailand (the “SET”) on 25 and 28 June 2021 which is the date prior to the date on which the Tender Offer for Securities of INTUCH becomes effective at the price of not more than THB 65.00 per share, the Offeror will disclose the most updated relevant information (such as a number of INTUCH shares and shareholding percentage held by the Offeror on the date prior to the Offer Period, the highest price paid for shares acquired by the Offeror during the period of 90 days prior to the date on which the Tender Offer document is submitted to the Securities and Exchange Commission (the “SEC”), the amount of the offered securities and the funds required for the Tender Offer, etc.) through SET Portal and the SEC’s website prior to the date on which the Tender Offer for Securities of INTUCH becomes effective. 2. Part 1 Page 4 and 5 Clause 12 Source of Funds for the Tender Offer Original In the case that all the Offerees sell all of the remaining ordinary shares in this Tender Offer, excluding 606,878,314 ordinary shares in the Business held by the Offeror as of 16 June 2021, the funds required for the Tender Offer for all of the remaining ordinary shares of the Business will be equal to THB 168,981,815,145 (One Hundred and Sixty Eight Billion Nine Hundred and Eighty One Million and Eight Hundred and Fifteen Thousand and One Hundred Forty Five Baht). The full amount of the source of funds for this Tender Offer will come from borrowings from the financial institutions. KrungThai Bank Public Company Limited, Kasikornbank Public Company Limited, Siam Commercial Bank Public Company Limited, Government Savings Bank, United Overseas Bank (Thai) Public Company Limited, TMBThanachart Bank Public Company Limited, TISCO Bank Public Company Limited, Kiatnakin Phatra Bank Public Company Limited, Deutsche Bank AG, Singapore Branch, Standard Chartered Bank (Singapore) Limited, Maybank International Labuan Branch, and Sumitomo Mitsui Banking Corporation Singapore Branch have issued confirmation letters stating that the banks have approved loan facilities to the Offeror for the purpose of Tender Offer for Securities of INTUCH in the amount of not less than THB 168,981,815,145 (One Hundred and Sixty Eight Billion Nine Hundred and Eighty One Million and Eight Hundred and Fifteen Thousand and One Hundred Forty Five Baht)1 to make a payment for this Tender Offer. (Attachment 1) In the case that the Offeror additionally acquires INTUCH shares from its additional share acquisition through the SET on 25 and 28 June 2021, the amount that the Offeror will need for this Tender Offer for Securities of INTUCH will reduce and the funds from the financial institutions mentioned above will still be sufficient for this Tender Offer for Securities of INTUCH. Bualuang Securities Public Company Limited, as the Tender Offer Preparer, has verified the source of funds of the Offeror and viewed that the loan facility is sufficient for conducting this Tender Offer. 1 Including loan facility in US dollar currency, which was converted into THB using an average exchange rate of 30.99334 THB/USD as at 16 June 2021 (Source: Bank of Thailand) 2 Revision In the case that all the Offerees sell all of the remaining ordinary shares in this Tender Offer, the Offeror shall make a tender offer for all remaining 2,599,720,233 (Two Billion Five Hundred and Ninety Nine Million and Seven Hundred and Twenty Thousand and Two Hundred and Thirty Three) ordinary shares of the Business, representing 81.07 per cent of the total issued and paid-up shares of the Business and of the total voting rights of the Business (excluding 606,878,314 ordinary shares in the Business held by the Offeror as of 16 June 2021)., tThe funds required for the Tender Offer for all of the remaining ordinary shares of the Business will be equal to THB 168,981,815,145 (One Hundred and Sixty Eight Billion Nine Hundred and Eighty One Million and Eight Hundred and Fifteen Thousand and One Hundred Forty Five Baht). The full amount of the source of funds for this Tender Offer will come from borrowings from the financial institutions. KrungThai Bank Public Company Limited, Kasikornbank Public Company Limited, Siam Commercial Bank Public Company Limited, Government Savings Bank, United Overseas Bank (Thai) Public Company Limited, TMBThanachart Bank Public Company Limited, TISCO Bank Public Company Limited, Kiatnakin Phatra Bank Public Company Limited, Deutsche Bank AG, Singapore Branch, Standard Chartered Bank (Singapore) Limited, Maybank International Labuan Branch, and Sumitomo Mitsui Banking Corporation Singapore Branch have issued confirmation letters stating that the banks have approved loan facilities to the Offeror for the purpose of Tender Offer for Securities of INTUCH in the amount of not less than THB 168,981,815,145172,682,180,000 (One Hundred and Seventy Two Sixty Eight Billion SixNine Hundred and Eighty TwoOne Million and One Hundred and Eighty ThousandEight Hundred and Fifteen Thousand and One Hundred Forty Five Baht)1 to make thea payment for this Tender Offer. Details of such loan facilities can be summarized as below: Number Financial Institutions Loan Facility Amount (THB) 1. KrungThai Bank Public Company Limited 20,000,000,000 2. Kasikornbank Public Company Limited 10,000,000,000 3. Siam Commercial Bank Public Company Limited 20,000,000,000 4. Government Savings Bank 15,000,000,000 5. United Overseas Bank (Thai) Public Company Limited 10,000,000,000 6. TMBThanachart Bank Public Company Limited 5,000,000,000 7. TISCO Bank Public Company Limited 5,000,000,000 8. Kiatnakin Phatra Bank Public Company Limited 4,000,000,0002 9. Deutsche Bank AG, Singapore Branch 10. Standard Chartered Bank (Singapore) Limited Total loan facility of THB 11. Maybank International Labuan Branch 83,682,180,0003 12. Sumitomo Mitsui Banking Corporation Singapore Branch Total 172,682,180,000 1 Including loan facility in US dollar currency, which was converted into THB using an average exchange rate of 30.99334 THB/USD as at 16 June 2021 (Source: Bank of Thailand) 2 Fund confirmation letter of Kiatnakin Phatra Bank Public Company Limited stated that such bank will provide financial support to the Company in the amount of not exceeding THB 6,000 million. However, the amount of loan facility, based on the executed loan facility agreement, is at THB 4,000 million 3 The loan facility is in US dollar currency, which was converted into THB using an average exchange rate of 30.9934 THB/USD as at 16 June 2021 (Source: Bank of Thailand) 3 (Please consider further details of Confirmation Letter on Source of Funds Available for the Tender Offer in Attachment 1) In the case that the Offeror additionally acquires INTUCH shares from its additional share acquisition through the SET on 25 and 28 June 2021, the amount that the Offeror will need for this Tender Offer for Securities of INTUCH will reduce and the funds from the financial institutions mentioned above will still be sufficient for this Tender Offer for Securities of INTUCH.