Bualuang Office Leasehold Real Estate Investment Trust

BBL Asset Management will offer trust units of ‘Bualuang Office Leasehold Real Estate Investment Trust
(B-WORK)’ in the initial public offering (IPO). B-WORK has an investment policy to invest in both freehold and leasehold rights in high potential office buildings.

Details

Initial Investment 30 years of leasehold rights in land and office buildings with freehold rights in the assets of
• TRUE Tower 1 (Ratchadaphisek) and
• TRUE Tower 2 (Pattanakarn)
Project Life Unspecified
Type of Unit Trust Non-redeemable
Total Asset Value Up to 4,608 million baht
Offering Size Up to 920 million baht
IPO Price Up to 3,688 million baht
Offering Price 10 baht per unit
Distribution Policy At least semi-annually at the rate 90% of net profit
First Year Distribution Dividend 7.31% per annum (no capital reduction)
Owner of Properties TRUE Properties Company Limited
Property Manager TRUE Properties Company Limited (for initially invested assets)
REIT Manager Bualuang Asset  Management Company Limited
Trustee Krungthai Asset  Management Public Company Limited
Secondary Market The Stock Exchange of Thailand

For more information, please contact Bangkok Bank branches (except microbranches) or Bualuang Phone 1333

Warning: Investors are advised to study the product characteristics including the returns conditions and risks before deciding to invest. More details including the registration statement and draft prospectus are available at www.sec.or.th.

Remark: The REIT has been filed with the SEC and in the process of approval for its effectiveness.
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