Notification of information memorandum of the asset acquisition during 6-month period

Acquisition and disposition of assets IR57/003 13 January 2014 Subject: Notification of information memorandum of the asset acquisition during 6-month period To: The President The Stock Exchange of Thailand Jay Mart Public Company Limited ("the Company") held the Board of Directors' meeting No. 1/2014 on 11 January 2014 which unanimously approved JAS Asset Company Limited, a subsidiary company in which the Company holds 99.99 per cent of the shares, to land Lease Agreement 2 plots of land with a total area of 9-103.40 rai, located on Ladplakao Rd., monument Subdistrict, Bang Khen District, Bangkok for purpose of the development into shopping mall and commercial building. The initial development value is expected to be at total 415 million Baht (hereinafter referred to as "Transaction"). The entering into the Transaction constituted an asset acquisition pursuant to the Notification of the Capital Market Supervisory Board No. Thor. Jor. 20/2551Re: Rules for essential transaction falling into acquisition or disposal of assets and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of information and practices of listed companies in acquisition or disposal of assets B.E. 2547 (collectively referred to as the "Acquisition/Disposition Notifications"). 1. Transaction Date 15 January 2014 2. The parties involved and the relationship with the Company Purchaser : JAS Asset Company Limited ("Subsidiary") Seller : Mr. Singnoi Bulyarak ("Lessor") Relationship with the Company: The Seller is not a connected person of the Company under the definition of the connected transaction pursuant to the Notification of the Capital Market Supervisory Board No. Thor. Jor. 21/2551 Re: Rules for making related transactions, and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of information and practices of listed companies in connected transactions B.E. 2546 3. The general characteristic of the transaction In the acquisition transaction of the land lease, the Leasehold is at 67.90 million baht and the period of 30 yesrs and agreed to pay the monthly rent. Total cost over 30 years, amounting to Baht 57.37 million and is worth investing in the development of future construction to be about 415 million baht, which are equal to the total transaction size of 13.29 percent of the total asset value of the Company and its subsidiaries. The size of which is calculated based on the total value of consideration, calculated from the Company's Consolidated Financial Statement ended 30 September 2014. However, when calculated with the size of the accumulated acquisition transactions during the past 6 months (The Company purchased low quality debt for its own management and the rental right for branch establishment of 525.21 million Baht, or equivalent to the transaction size of 12.96 percent) the transaction size under the total value of consideration will be 26.25 percent of the total asset value of the Company and its subsidiaries, which is classified as class 2 transaction under Acquisition/Disposition Notifications. 4. Details of acquired assets (1) Asset characteristic : Land (2) Location : Ladplakao Rd., monument Subdistrict, Bang Khen District, Bangkok (3) Document of title : Land title deeds no. 217198 and 213824 (4) Appraisal price : None (5) Encumbrances : None (6) Ownership holder : Mr. Singnoi Bulyarak (7) Laws having impact on assets : The asset is located in red area which is Commercial land, located in Bangkok local government area. 5. Total value of consideration and criteria for determining the consideration value The Company will make a payment for the leasehold by cash in a total amount of 67.90 million Baht, and paid on the date on which the registration of the ownership transfer of the land at a land department is completed. Related expenses: The Seller will be entirely responsible for the related expenses arising out of the registration of the ownership transfer such as stamp duty, tax and other expenses. 6. Source of fund The Company will use the funds, which are loans from financial institutions. 7. Benefits to the Company as the result of the transaction The Company will be beneficial from the purchase of such land as the land will be developed into shopping mall, commercial building, residential building and such project is expected to start within 2017 with a return rate after operational expenses of approximately 13 per cent per year. 8. Board of Director's opinion on the transaction The Board of Directors considered that the acquisition of land is beneficial to the Company in that the development of such land into shopping mall, commercial building, residential building will provide the pleasant return of 13 percent per year to the Company, which is higher than the Company's financial cost. Moreover, the purchase price of such land is lower than the price appraised by an independent appraiser. 9. Opinion of the Audit Committee and/or directors of the Company which is different from 8. - None - 10. Condition Precedent This transaction is considered as class 2 transaction pursuant to the Acquisition/Disposition Notifications. The Company is required to disclose the information memorandum of the transaction to the Stock Exchange of Thailand and required to distribute the information memorandum to its shareholders within 21days from the date of disclosure of information to the Stock Exchange of Thailand. The Company hereby certifies that the information contained in this report is true and complete in all respects. ????????????????? (Miss Ladda Waruntarakul) The Company's secretary ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.