-Translation-

No. 10000/051/2022

2nd August 2022

Subject:

Report of the utilization of capital increase

Attention:

President

The Stock Exchange of Thailand

Reference is made to BCPG Public Company Limited ("Company") issued and offered the newly issued ordinary shares to existing shareholders of proportionate to their respective shareholdings (Rights Offering) at the offering price of THB 11.50 per share. The Company also issued and offered the warrants to subscribe for the newly issued ordinary shares in the capital increase of the Company without consideration to existing shareholders of the Company who subscribe for and are allocated the newly issued ordinary shares in the Rights Offering (BCPG-W1 and BCPG-W2). The transactions were on 3-6 November 2020 and 9 November 2020. The total amount of purchased shares by the existing shareholders were 249,871,926 shares, equivalent to THB 2,873,527,149.

Additionally, the Company issued and offered the newly issued ordinary shares to private placement with the offering price clearly specified at THB 11.50 per share. The Company also issued and offered the warrants to subscribe for the newly issued ordinary shares in the capital increase of the Company without consideration to investors who subscribe for and are allocated the newly issued ordinary shares in Private Placement with the offering price clearly specified (BCPG- W3). The transactions were on 11 November 2020. The total amount of purchased shares by the private placement were 391,500,000 shares, equivalent to THB 4,502,250,000. After deducting the capital increase registration fees, the Company has the remaining capital increase of THB 7,375,527,149.

During January 2021 and June 2022, the Company had schedules to exercise the rights of the warrants to purchase the newly issued ordinary shares of the Company including 5 times of BCPG-W1 and 3 times of BCPG-W3. Total number of exercised warrants to purchase the newly issued ordinary shares were 2 5 3 , 3 85,131 shares and exercised price was THB 8.00 per share making total amount of THB 2,027,081,048. As a result, the cash from capital increase as of 30 June 2022 was THB 9,402,608,197. The Company would like to report the above proceeds utilization of remaining capital as of 30 June 2022 as follows.

Unit: THB million

Objectives

Plan of

Amount

Used

Used Amount

Balance

use

from

Amount

during of 1

Amount

capital

as of 31

January and

as of 30

increase

December

30 June 2022

June 2022

2021

Investments in a wind power project with a

3,570

476

57

capacity of 600 MW in Lao PDR

Repayment to financial institutions some

1,210

1,060

-

debts obtained for the acquisition of solar

power plant projects with a combined

capacity, as per power purchase agreement, of

20 MW in Thailand, including the investment

for the acquisition of the remaining value of

the project and as an investment to improve

the efficiency and maintenance of the project

9,403

5,184

Repayment to financial institutions some

1,870

1,560

-

debts obtained for the acquisition of

hydropower plant projects of Nam San 3A and

Nam San 3B with a combined capacity of 114

MW, including investment for construction and

operation of power transmission lines and

substations

Future investments in power plant projects

3,700

889

177

both in Thailand and abroad

Total

10,350

9,403

3,985

234

5,184

Please be informed accordingly.

Yours sincerely, -Signed-

(Mr. Niwat Adirek)

Chief Executive Officer and President

Corporate Financial Management and

Investor Relations Department

Tel. 02-335-8945

02-335-8946

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BCPG pcl published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 00:21:03 UTC.