Tipco Asphalt Public : Resolutions of Extraordinary General Meeting of Shareholders No. 1/2016

f5b9483e-6019-4ab9-9ea9-546f5e03d6e0.pdf TIPCO ASPHALT PUBLIC COMPANY LIMITED

OMS03015t'6 19 EMS03006/109 OHS070131'2 11

Bor. Hor. 001/2016 5th January 2016

To: President The Stock Exchange of Thailand

Re: Resolutions of Extraordinary General Meeting of Shareholders No. 1/2016

Enclosure: Resolutions of Extraordinary General Meeting of Shareholders No. 1/2016

Tipco Asphalt Public Company Limited (the "Company') hereby announces the resolutions passed at its Extraordinary General Meeting of Shareholders No. 1/2016 ("the EGM") held on 5th January 2016 at the 5th Floor Auditorium, Tipco Tower, 118/ 1 Rama 6 Rd ., Samsen Nai, Phayathai , Bangkok. The meeting passed the following resolutions according to the voting results provided in the enclosure.

1. The EGM resolved to adopt the minutes of Annual General Meeting of Shareholders No .1/2015 which was held on ih April 2015;

   
   

2. The EGM resolved to increase the current registered capital of Baht 1,578,735,570 to the new registered capital of Baht 1,579,343,570 by 608,000 shares and allocate to reserve for exercising Long Tenn Incentive Program grant #1 (ESOP-Wl ) and #2 (ESOP-W2) which the ordinary shares reserved for the exercise of ESOP-Wl and ESOP-W2 were previou sly reduced in error by 101,000 shares and 507,000 shares, respectively at the par value of Baht 1 each, and the amendment to Clause 4 of the Memorandum of Association of the Company regarding the registered capital to reflect the increase of the registered capital as follows:

   
   

   "Clause 4 Registered Capital 1,579,343,570 Baht (One billion five hundred and

   seventy-nine million three hundred and forty-three

   
   

   Office : Tipco Tower, 118/1 Rama 6 Ad.,Samsen Nai,Phayathai,Bangkok 10400,Thailand. Tel: [phone] Fax:+66 (O) 2273·6030,(0) 2271-1601 www.tipcoasphalt.com

   Factory : 259 Moo 8 SoiArd.12032, Mittrapap Rd.,Naklang, Soongnern District, Nakhon Ratchasima 30380 Tel: +66 (O) 4433.5495.9 Fax: [phone]·9

   : 271 Moo 15 Phitsanulok·Bangragum Rd., Bangragum, Phitsanulok 65140 Tel: [phone]·1461·2 Fax: [phone]·1461·2 Ext. 360

   : 61 Moo 5 Soi Thaisilo, Suksawad Rd., Bangchak, Phrapradaeng, Samutprakarn 10130 Tel:[phone]·5 Fax: [phone]

   : 90 Moo 5 North Nongchoompo l, Khaoyoy, Phetchaburi76140 Tel: [phone] Ext. 5502·4 Fax: [phone] Ext. 5501

   
   

   •T I PCO •

   TIPCO ASPHALT PUBLIC COMPANY LIMITED ISO 9001 ISO 14001 TIS 18001

   0MS030151&151 EMS03C>CW109 OHS0701Y.2.11

   
   

   
   

   Divided into

   thousand five hundred and seventy Baht)

   1,579,343,570 shares (One billion five hundred and

   seventy-nine million three hundred and forty-three thousand five hundred and seventy Baht shares)

   Value per Share Categorized into:

   Baht 1

   each (One Baht)

   Ordinary shares 1,579,343,570 shares (One billion five hundred and

   seventy-nine million three hundred and fo1iy-three thousand five hundred and seventy Baht shares)

   Preference shares

   - shares ( - )"

   
   

3. The EGM resolved to approve the acquisition by the Company and/or its subsidiary for ordinary shares in five companies (collectively, the "Targets") from Colas S.A., a major shareholder as of 1st December 2015, the latest book closing date, and considered as a connected person of the Company. The details are as follows;-

The Acquirer	The Targets	Percentage of shareholding to Acquire	Value of shares (USD mm)	Value ofloan (USD mm)
Asphalt-related Business
The Company and/or subsidiaries	Raycol Asphalt Co., Ltd. ("Raycol")	38	7.00
	PT Asphalt Bangun Sarana ("ABS")	100	9.50
	Highway Resources Pte Ltd. ("HR")	100	20.0

Office : Tipco Tower.11811 Rama 6 Rd.,Samsen Nai, Phayathai, Bangkok 10400, Thailand. Tel: +66 (O) 2273-6000 Fax: [phone] www.tipcoasphalt.com

Factory : 259 Moo 8 Soi Ard.12032, Mittrapap Rd.,Naklang,Soongnern District,Nakhon Ratchasima 30380 Tel: [phone] Fax:[phone]

: 271 Moo 15 Phitsanulok-Bangragum Rd., Bangragum, Phitsanulok 65140 Tel: [phone] Fax: [phone] Ext. 360 2

: 61 Moo 5 SoiThaisilo, Suksawad Rd.,Bangchak,Phrapradaeng, Samutprakarn 10130 Tel:[phone]·5 Fax:+66 (O) 2817-5117

: 90 Moo 5 North Nongchoompol, Khaoyoy,Phetchaburi 76140 Tel: [phone] Ext. 5502-4 Fax: +66 (O) 2273-6000 Ext. 5501

TIPCO ASPHALT PUBLIC COMPANY LIMITED

0MS03015o'619 EMS03006l109 OHS070131211

Vessel	Business
The Company and/or subsidiaries	AD Shipping Pte Ltd. ("ADS")	100	12.0	4.5
	Reta Link Pte Ltd. ("RTL")	100	0.8	8.0
Total	49.3	12.5

In this regard, the Company will consider and detennine the Buyer for each Target as appropriate at a later date.

Remark Interested shareholders who were not entitled to vote on this agenda item were:-

COLAS SA 490,731,040 shares

Mr. Jacques Pastor

800,000 shares

Please further disseminate the above infonnation to the investors. Sincerely,

Chaiwat Srivalwat Managing Director

Office : Tipco Tower, 118/1 Rama 6 Ad., Samsen Nai,Phayathai,Bangkok 10400,Thailand. Tel: +66 (OJ 2273 6000 Fax:+66 (O) 2273·6030,(0) 2271-1601 www.tipcoasphalt.com Factory : 259 Moo 8 Soi Ard.12032,Mittrapap Rd.,Naklang, Soongnern District, Nakhon Ratchasima 30380 Tel: +66 (OJ 4433 5495·9 Fax: [phone]

: 271 Moo 15 Phitsanulok-Bangragum Rd., Bangragum, Phitsanulok 65140 Tel: +66 (O) 5537-1461-2 Fax:[phone] Ext. 3603

: 61 Moo 5 Soi Thaisilo, Suksawad Rd., Bangchak, Phrapradaeng, Samutprakarn 10130 Tel:[phone] Fax: +66 (OJ 2817-5117

: 90 Moo 5 North Nongchoompol, Khaoyoy, Phetchaburi 76140 Tel: +66 (OJ 2273-6000 Ext. 5502-4 Fax: [phone] Ext. 5501

Tipco Asphalt Public Company Limited Extraordinary General Meeting of Shareholders

January 5. 2016

Summary of Voting Results to the Stock Exchange of Thailand

Enclosu re

***********************************************

The Meeting open and at th is moment the total number of shareholders attending this Meeting was as follows:

• 132 in persons holding altogether 98.048.913 shares or amounting to 6.3509%.

  
  

• 126 by proxies holding altogether 943.260.109 shares or amounting to 6 1.0979%.

  
  

• 1 1O by proxies. holding altogether 78.506.020 shares or amounting to 5.0857%. sent by registered mail appointing Independent Directors (Mr. Parnchalenn Sutatam or Mr. Niphon Suthimai or Mr. Chainoi Puankosoom ) to attend and vote on their behalf.

  
  

• Therefore. the total number of attendees were 368 persons.holding altogether 1.119.815.042 shares or amounting to 72.5339% of the Company's total number of shares (the Company had 7.923 shareh olders and 1.543.850.070 shares in total). thereby constituting a quorum according to Article 33 of the Articles of Association of the Company which required shareholders and prox ies attending the meeting of not less than 25 persons and holding shares altogether not less than one-third of the total number of shares issued of the Company.

Agenda	Description	Approved	%	Disapproved	%	Abstained	%	Total Shares
I	To consider and adopt the minutes of the Annual General Meeting of the Shareholders No. 1/2015 held on 7th April 2015	1.122.257.766	99.8917	5.000	0.0004	1.2 11.600	0.1078	1.123.474.366
2	To consider and approve increase the current registered capital of Baht 1.578,735.570 to the new registered capital of Baht 1.579,343.570 by 608,000 shares and allocate to reserve for exercising Long Term Incentive Program grant # I (ESOP-W I ) and #2 (ESOP-W2) at the par value of Baht I each. and the amendment to Clause 4 of the Memorandum of Association	1.123.649.923	99.8919	0	0	1.2 16.100	0.1081	1.124.866.023
3	To consider and approve the proposed acquisition by the Company and its subsidiary for ord inar)' shares in five companies (collectively, the "Targets") from Colas S.A. ("Colas"). and considered as a connected person of The Compan y (the "Transact ion") in which Apple Wealth Securities Pie. is the Independent Financial Advisor (IFA)	632.962.471	99.8082	0	0	1,216.100	0.1918	634.1 78.57 1
2.878.870.160	5.000	3.643,800	2,882.518.960