SET welcomes elevated toll road operator "DMT" on May 7

SET Senior Executive Vice President Manpong Senanarong said that DMT would list and start trading on SET in the Services industry group, Transportation & Logistics sector.

DMT has been granted concession for construction, operation and toll collection of the elevated toll road under the concession agreement with respect to the Highway No. 31 Vibhavadi-Rangsit road from Din Daeng to National Memorial (Don Muang) section, with a total distance of 21 kilometers. DMT has the remaining concession period of 13 years and four months under the Memorandum of Agreement Amending the Concession Agreement No.3/2007 with the Department of Highways. The highway under DMT management is a major route connecting Bangkok to the upper Central, Northern and Northeastern regions and also the main route to Don Muang International Airport.

DMT has a registered paid-up capital of THB 6.142 billion, consisting of 1.04 billion existing common shares and 140 million newly issued shares, with a par value of THB 5.20 each. It offered newly issued shares to the general public via IPO during April 26 - 28 at THB 16 each, for a total of THB 2.24 billion. The company has a market capitalization at the IPO price of THB 18.9 billion. Avantgarde Capital Co., Ltd. is its financial advisor, while Finansa Securities Ltd. is the underwriter.

DMT Managing Director Tarnin Phanichewa said the listing will help boost the full potential of DMT. With over 30 years of experience and expertise in Thailand's transportation infrastructure management, the competitive edge will enable us to bid for Thailand's transportation and logistics infrastructure projects regarding the government policy on the public-private partnership arrangement under the Department of Highways' 20-year Intercity Motorway Development Master Plan (2017-2036) to improve Thailand's competitiveness. In addition, the fundraising through IPO will help DMT become a debt-free company, as such enabling shareholders to gain good returns based on the company's performance.

DMT's three major shareholders after the IPO are 1) Phanichewa Family (40.1 percent), 2) Finance Ministry (22.1 percent), and 3) Golden Horse Limited (11.7 percent). DMT's dividend policy is to pay no less than 90 percent of annual net profit after legal reserves based on cash flows from the company's operations, financial position, operating performance, future business plan, terms & conditions, and restrictions as specified in the loan agreement or other related contracts.

For more information on DMT, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th , and for general information, please visit www.tollway.co.th as well as www.set.or.th.