Ref. No. HRD 265/2014
23 September 2014
Subject : Notification of joining the investment in share of Gulf Solar for solar rooftop projects
To : President
The Stock Exchange of Thailand (SET)
Hemaraj Land and Development Public Company Limited ("Hemaraj") would like to inform that Hemaraj Energy Company Limited ("Hemaraj Energy"), a Hemaraj's subsidiary, will invest in Gulf Solar Company Limited ("Gulf Solar") with Gulf Energy Development Company Limited, a company in Gulf group. Gulf Solar is the holding company, hold 99.99 % in shares of companies which are solar rooftop projects with total capacity 0.6 megawatt.
Hemaraj Energy will invest in Gulf Solar at the 25.01% shareholding with amount of investment not over 4
Million Baht. Hemaraj is required to disclose the report to the SET for the investment in proportion of exceeding 10% of paid up capital of other companies. The size of this transaction, which is calculated under
the SET's Notification regarding acquisition or disposition of the assets of the listed companies, is less than
15%.
In addition, the transaction with Gulf Energy Development is not categorized as being the transaction with connected person according to the Notification of the SET regarding rules, procedures and disclosure of information related to the connected transaction of the listed companies.
Please kindly be informed accordingly. Yours faithfully,
David R. Nardone
President & CEO

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