PRESS RELEASE – 23 June 2020 FOR IMMEDIATE RELEASE MINT SUCCESSFULLY ISSUED USD PERPETUAL BONDS Minor International Public Company Limited (“MINT”) is pleased to announce its success in offering USD perpetual bonds in the international bond markets, raising USD 300 million in Perpetual Non-Call 3-Year Senior Ranking Guaranteed Securities (“the Securities”). The Securities with ratings of Baa2 by Moody’s and BBB by Fitch Ratings, have an unconditional and irrevocable guarantee from Bangkok Bank Pcl. acting through its Hong Kong branch. The transaction priced at a yield of 3.10%, some 70bps inside initial price guidance supported by an outstanding 11x over-subscribed book at the peak of bookbuilding with strong support from international investors, reflecting the market’s confidence in MINT. 88% of the bonds were allocated to Asian accounts with the remaining 12% to European accounts. Approximately 87% of the bonds were allocated to fund managers and insurers. The proceeds of the Securities will be utilized to refinance the existing debts and for working capital purposes. The Securities will be treated as equity on MINT’s balance sheet under the accounting standard - TAS 32. HSBC acted as Sole Global Coordinator and together with ANZ, BofA Securities and Standard Chartered Bank, as Joint Bookrunners on this transaction. The perpetual bonds issuance is part of MINT’s comprehensive capital structure plan announced earlier. In addition to the successful issuance of the perpetual bonds in the equivalent amount of approximately Baht 9.5 billion, on Friday, June 19, the annual general meeting of shareholders has approved the capital increase plan, which includes a rights offering of Baht 10 billion and warrants with a maturity of 3 years in the amount of Baht 5 billion. The rights offering will be completed and warrants with maturity of three years will be issued, both in the third quarter of 2020. The combined Baht 25 billion capital plan of the three instruments will provide MINT with liquidity during the uncertain times of COVID-19 pandemic, as well as improve its balance sheet with the increased equity base. With such prudent capital management, MINT’s balance sheet will be strengthened as interest-bearing debt to equity ratio is expected to be managed down to its internal policy of 1.3x by the end of 2020. This will further help MINT to be well-positioned to capitalize on growth opportunities in its key markets globally after the COVID-19 pandemic has subsided. Furthermore, as another layer of buffer to manage its capital structure, MINT has successfully obtained approval from all of its creditors, both bondholders and bank creditors, for waiver consent on its debt covenant testing for its interest-bearing-debt-to-equity ratio of not more than 1.75x for the next three quarters, throughout 2020. “We are delighted with the success of this perpetual bond offering transaction which is a testimony of market’s support of MINT and our balance sheet strengthening strategy. Next step for us is to complete the capital raising exercise as planned,” commented Brian Delaney, Group CFO of Minor International. “We have already passed the worst point of this pandemic in April. It is time for us to march forward and upward. We are in the process of putting in place “Business Beyond COVID” plans for all three businesses to adapt and rebuild, in order to reflect the change of consumers’ behavior. Most importantly, we maintain our commitment to stay agile in order to maximize shareholders’ return.” About Minor International: Minor International (MINT) is a global company focused on three core businesses: hospitality, restaurants and lifestyle brands distribution. MINT is a hotel owner, operator and investor with a portfolio of 530 hotels under the Anantara, Avani, Oaks, Tivoli, NH Collection, NH Hotels, nhow, Elewana, Marriott, Four Seasons, St. Regis, Radisson Blu and Minor International brands in 55 countries across Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe, South and North America. MINT is also one of Asia’s largest restaurant companies with over 2,300 outlets system-wide in 26 countries under The Pizza Company, The Coffee Club, Riverside, Benihana, Thai Express, Bonchon, Swensen’s, Sizzler, Dairy Queen and Burger King. MINT is one of Thailand’s largest distributors of lifestyle brands and contract manufacturers. Its brands include Anello, Bodum, Bossini, Brooks Brothers, Charles & Keith, Esprit, Etam, Joseph Joseph, OVS, Radley, Scomadi, Zwilling J.A. Henckels and Minor Smart Kids. For more information, please visit www.minor.com. Press Contacts: Chaiyapat Paitoon / Jutatip Adulbhan at Tel: (662) 365-7500 .