Glow Energy Public : Receipt of Additional Information on the Tender Offer for the securities of Glow Energy Public Company Limited (Form 247-4) No. 1 (revised)

11 October 2019

Reference is made to the fact that Global Power Synergy Public Company Limited (the "Tender Offeror") has submitted the Tender Offer for the Securities of Glow Energy Public Company Limited (the "Business") (Form 247-4) to the Office of The Securities and Exchange Commission, the Stock Exchange of Thailand, the Directors and Shareholders of the Business on 24 September 2019, with The Siam Commercial Bank Public Company Limited and Phatra Securities Public Company Limited as the Tender Offer Preparers of the Business (collectively as the "Tender Offer Preparers").

In this regard, the Tender Offeror would like to disclose additional information on the Tender Offer for the Securities of the Business hereto.

Yours Sincerely,

Global Power Synergy Public Company Limited

- Wanida Boonpiraks -

(Mrs. Wanida Boonpiraks)

Authorized Person

The Tender Offeror

The Siam Commercial Bank Public Company Limited and Phatra Securities Public Company Limited, as the Tender Offer Preparers, would like to disclose additional information on the Tender Offer for the securities of the Business as detailed in the document enclosed hereto.

Sincerely yours,

- Veena Lertnimitr -

(Ms. Veena Lertnimitr)

Head of Investment Banking

The Siam Commercial Bank Public Company Limited

Phatra Securities Public Company Limited

(Translation)

"This English language translation of the Amendment to the Tender Offer has been prepared solely for the convenience of the foreign

shareholders of Glow Energy Public Company Limited and should not be relied upon as the definitive and official document of the Tender Offeror. The Thai language version is the definitive and official document of the Tender Offeror and shall prevail in all respects in the event of any inconsistency with this English language translation."

Amendment to the Tender Offer for the Securities of Glow Energy Public Company Limited No.1

Note: Additional information is underlined, and the deleted information is strikethrough as follows;

1. Part 1; Section 6 Offer Price Original

6. Offer Price

The offer price of GLOW's ordinary shares is THB 90.8136 (ninety point eight one three six Baht) per share (the "Offer Price"), in which is the price not lower than the highest price calculated based on the criteria specified under the Notification of the Capital Market Supervisory Board No. TorChor. 12/2554 re; Rules, Conditions and Procedures for the Acquisition of Securities for Business Takeovers (including any amendment thereto) ("TorChor. 12/2554"). The Tender Offeror will make payment for the tendered shares in cash.

In addition, the shareholders who accept the Tender Offer (the "Offeree") are subject to a brokerage fee of 0.25 percent of the Offer Price and value added tax of 7.00 percent of the brokerage fee. Therefore, the net price to be received by the Offeree will be THB 90.57067362 (ninety point five seven zero six seven three six two Baht) per share.

The Offeree will receive the payment for the sale of shares in Thai Baht with 2 decimal places using Satang units. In calculation of the 2 decimal places in Satang units, if any fraction is more than or equivalent to THB 0.005, such fraction will be rounded up. If any fraction is less than THB 0.005, such fraction will be rounded down. Such Offer Price is:

Pursuant to the Revenue Code of Thailand, unless specifically exempted under the terms of an applicable double tax treaty, in case that the Offeree is a foreign juristic person not operating any business in Thailand and not residing in a country which has a double tax treaty with Thailand, or residing in a country which has a double tax treaty with Thailand but such double tax treaty does not

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