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Investor Presentaiton

CPN CPNREIT Sublease 3+3+3 yrs 3 SPV Rental expense CPNREIT Accounting Impact SPV - Rental Expense paid to CPNREIT CPNREIT will gain the benefits in form of fixed rent and variable rent from the sublessee of the assets under the conditions specified in the sublease agreement. Year Fixed Rent (Bt mn) Variable Rent 2018 210.0 2019 217.4 2020 225.0 2021 232.8 2022 241.0 90% of Net EBITDA of Hilton Pattaya and not more than 50% of accumulated fixed rent 2023 249.4 2024 258.1 2025 267.2 2026 276.5 *Net EBITDA = Total revenue - Total cost & expenses – Reserves for repairs, improvement, procurement - Fixed rent Prepared by CPN Investor Relations Appendices Page 32
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