Thai Beverage Public Company Limited ('THBEV') is pleased to announce that our indirect wholly-owned subsidiary, BeerCo Limited ('BeerCo'), has acquired a 49% shareholding interest in Vietnam F&B Alliance Investment Joint Stock Company ('Vietnam F&B'), a company incorporated in Vietnam (the 'Acquisition').

Vietnam F&B was incorporated on 27 September 2017 for the principal purpose of management consultancy and investment holding activities. It has a charter capital of VND 200,000,000 consisting of 20,000 shares with a par value of VND 10,000 each. BeerCo acquired 49% of all the issued shares in Vietnam F&B from a third party shareholder unrelated to THBEV, who holds the remaining 51%. Accordingly, Vietnam F&B is now an indirect associated company of THBEV.

The total cash consideration for the Acquisition is VND 98,000,000, which was arrived at based on 49% of the above-mentioned charter capital of Vietnam F&B. The Acquisition was funded using internally generated cashflow and is not expected to have any material adverse impact on the earnings per share or the net tangible assets per share of THBEV for this current financial year.

To the best knowledge of the directors of THBEV (the 'Directors'), none of the Directors or substantial shareholders of THBEV has any interest, direct or indirect (other than through their respective shareholdings in THBEV), in the Acquisition.

Please be informed accordingly.

Yours faithfully,

Nantika Ninvoraskul
Company Secretary

Thai Beverage pcl published this content on 29 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 November 2017 11:52:07 UTC.

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