Investor Presentaiton

CPN 20-yrs lease PTB & Hitlon CPN 4 THB 11,908 mn & Management fee P&L Revenue Rental and service income . Realized income • Revenue from hotel CPNREIT Accounting Impact P&L of CPN and CPNREIT after the asset transfers CPNREIT Sublease 3+3+3 yrs a 3 SPV 2 Hilton Rental expense Revenue from Hotel PATTAYA Accounting treatment as Operating Lease CPN CPNREIT Decrease from PTB Increase from PTB & rental income on Hilton from SPV Increased from Unearned income amortized over 20-yrs lease term unchanged Cost • Cost of rental and service income • Cost of hotel business Management Income (Other income) ⚫ REIT Management Fee • Property Management Fee SG&A • Rental expense from SPV to CPNREIT Share of Profit Corporate Income Tax Decrease from PTB unchanged Increase 0.275% of total asset value (old+ new assets) 0.28% of appraisal value (old + new assets) Increase from Fixed: 65% of hotel income, 3.5% increase every year Variable: 90% of Net EBITDA & not >50% of fixed rent Increase from performance from old + new assets Increase from 20% of dividend from CPNREIT Depreciation Prepared by CPN Investor Relations unchanged SPV Hotel Income Increase from PTB Cost of hotel Increase from new assets n/a Appendices Increase Rental expense paid to CPNREIT n/a Page 30

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