S Prime Growth Leasehold Real Estate Investment Trust : Notification of the completion of additional investment in Suntowers Retail Space

Ref : SREIT/027/2022

24 June 2022

Subject: Notification of the completion of additional investment in Suntowers Retail Space

To: The President

The Stock Exchange of Thailand

S REIT Management Company Limited (the "Company") as the REIT manager of S Prime Growth Leasehold Real Estate Investment Trust ( "SPRIME") would like to inform you that today (24 June 2022) SPRIME has completed its acquisition of the additional assets in Suntowers Retail Space and the registration of leasehold right for some parts of the building (additional investment assets) at the relevant land offices is also completed on the same day of its acquisition.

The entering into this transaction was completed in compliance with the resolutions of SPRIME's Extraordinary General Meeting of Trust Unitholders No. 1/2022 which was held on 15 February 2022. The acquisition's total investment value is Baht 213,000,000 (including the registration fees, stamp duties, and other relevant fees), where the source of fund was from a loan from Krung Thai Bank Public Company Limited. The details of which are summarized as follows:

Details	Suntowers Retail Space
Location	No. 123 Suntowers building, Vibhavadi Rangsit Road, Chom Phon Sub-
	District, Chatuchak District, Bangkok 10900
Assets invested by SPRIME	Retail Space	943 square meters
	Remaining Common Area*	1,817 square meters
	( Remark: * Common area which SPRIME did not previously invest,
	including leasable storage room of 1,274 square meters, but excluding
	promotion area of 1,377 square meters where stalls in Suntowers are
	located)
Nature of investment	Leasehold on 943 square meter retail area and leasehold on 1,817
	square meter remaining common area and storage room (excluding
	promotion area) in Suntowers building.
Lease term	26 years, 6 months, and 25 days in approximate, starting from 24 June
	2022 to 17 January 2049
Investment value	Baht 213,000,000 (including the registration fees, stamp duties, and
	other relevant fees)

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Details	Suntowers Retail Space
Source of fund	Loan of Baht 213,000,000 from Krung Thai Bank Public Company
	Limited, secured by
	(1) business security registration on leasehold rights over land, office
	space, parking space and operating systems of Suntowers
	building, pursuant to lease agreement dated 18 January 2019; and
	(2) business security registration on leasehold rights over retail
	space, remaining common area and storage room (excluding
	promotion area) of Suntowers building
Property manager	Max Future Company Limited
Please be informed accordingly.

Sincerely yours,

S PRIME GROWTH LEASEHOLD REAL ESTATE INVESTMENT TRUST

By S REIT Management Company Limited as the REIT Manager

- Mr. Achawit Singsuwan -

(Mr. Achawit Singsuwan)

Managing Director

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