Bangchak Public : The investment of the Company

-TRANSLATION-

No. 10000/055/2022

June 29, 2022

Subject : The investment of the Company

Attention : President of the Stock Exchange of Thailand

Bangchak Corporation Public Company Limited ("the Company") would like to inform that as the Board of Directors has approved the Digital Business Transformation Plan By applying digital technology to achieve the goal of business growth, the Company therefore negotiated with its business partner, MFEC Public Company Limited ("MFEC") and reached an agreement as follows:

1. The Company jointly invested in Data Cafe Company Limited ("DC"), which increase the registered capital to 12,307,700 Baht and is an associate held by MFEC, operating IT consulting services, research, and analysis of all types of business data, as well as providing IT service to business enterprise.
2. The transaction resulted that the Company holding 35% shares in DC and DC becoming an associate of the Company.

This transaction is not a connected transaction, and the transaction size does not require any disclosures under regulations on acquisition and disposition of assets of the listed companies.

Please be informed accordingly.

Yours sincerely, -signed-

(Mr. Chaiwat Kovavisarach)

President and Group Chief Executive Officer

Investor Relations Division

Tel. [phone]