True Corporation Announcing Five New 'A+' Rated Debentures with Coupon Rate of 3.15 - 4.60% and Tenors of 1 Year 3 Months to 10 Years; Expected Subscription Date during Jan 26-30, 2024

True Corporation Plc. has submitted the registration statement and draft prospectus to the Office of the Securities and Exchange Commission (SEC) and aims to offer these new sets of debentures to retail and/or institutional investors (Public Offering). These debentures are name-registered, unsubordinated, and unsecured, with debenture holders' representative. The offering is expected to take place from January 26th to 30th, 2024. During Saturday 27th and Sunday 28th, the subscription will be available via online channels of Bangkok Bank and Siam Commercial Bank only. The minimum subscription amount is 100,000 baht, with multiple of 100,000 baht for retail investors.

Continuous Investment Opportunities Following Maturity of TUC Debentures on January 15th and 24th, 2024.

Ms. Yupa Leewongcharoen, Co-Chief Financial Officer of True Corporation Plc, said "The objectives of this debenture issuance include repaying matured debentures and/or supporting working capital to support the company's growth. Since we plan to repay two tranches of debentures of our wholly owned subsidiary, True Move H Universal Communication Co., Ltd. (TUC), due on January 15th and 24th, 2024, respectively. This allows investors opportunities to reallocate their funds to subscribe to the new TRUE debentures, commencing on January 26th, 2024. The new debentures, with tenors ranging from 1 year 3 months to 10 years, are designed to match all of the investors' preferences. Short-term investors may prefer short tenors ranging from 1 year 3 months to 3 years 3 months, while medium-term option of 5 years 3 months is also available. For those seeking long-term investments and more interest income, the 10-year tenor could be more attractive due to its higher returns."

"This is a great opportunity for TUC debenture holders, whose debentures will be matured in January, 2024, to reinvest especially in TRUE debentures before the anticipated cut in the policy rates by major Central Banks like those in United State, Europe, and United Kingdom, in response to a slowdown in inflation in 2024. Before the anticipated rate cut, investing in debentures now presents a sustainable investment alternative." Ms. Yupa added.

The company and its debentures were rated 'A+' with a 'Stable' outlook by TRIS Rating on September 27th, 2023. This rating reflects the improvement in a financial risk status and the strengthened market position of the company in the mobile and broadband industries with nationwide network coverage upon a completed set of spectrums together with the credible brand.

The coupon rates of the new 5 tranches of True debentures are as follows:

1. 1st Tranche - 1 year 3 months tenor with a fixed coupon rate of 3.15% per annum
2. 2nd Tranche - 2 years 6 months tenor with a fixed coupon rate of 3.70% per annum
3. 3rd Tranche - 3 years 3 months tenor with a fixed coupon rate of 3.85% per annum
4. 4th Tranche - 5 years 3 months tenor with a fixed coupon rate of 4.20% % per annum
5. 5th Tranche - 10 year tenor with a fixed coupon rate of 4.60% per annum (with a call option since 5th year)

The company is in the process of filing a registration statement and the draft prospectus, which are not yet effective and are pending approval by the Securities and Exchange Commission (SEC). Interested investors can find more information in the draft prospectus at www.sec.or.th. For additional information, please contact the six joint lead arrangers listed below:

• Any branch of Bangkok Bank, except micro branches, or call 1333 or online channel via Bualuang mBanking application
• Any branch of KASIKORNBANK tel. 02 888 8888 press 819 or online channel via https://www.kasikornbank.com/kmyinvest (Except Non-Thai passport holder and juristic persons can subscribe at head office and branches), including KASIKORN Securities as a sales unit of the KASIKORNBANK
• Any branch of Siam Commercial Bank or call 02 777 6784 or via online channel SCB Easy application as well as at Innovest X Securities Co., Ltd as the selling business unit of Siam Commercial Bank Plc.
• Any branch of CIMB Thai Bank or call 02 626 7777 or via online channel CIMB Thai Digital Banking application
• Any branch of United Overseas Bank (Thai) Plc or call 02 285 1555
• Asia Plus Securities Co., Ltd or call 02 680 4004

For those interested in subscribing through TrueMoney Wallet application, more information on the application process for TrueMoney Wallet and subscription for the debentures can be found at www.truemoney.com. For assistance with the application process, please contact True Money Co., Ltd at Tel. 1240 press 6.