News Detail

Date/Time
24 Jul 2014 18:09:00
Headline
Progress of the construction of uncompleted project
Symbol
DIF
Source
DIF
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                Jortor. 11-570314        
                 July 24, 2014            

To:                  The President
    The Stock Exchange of Thailand
Re:    Progress of the construction of uncompleted project

As TRUE Telecommunications Growth Infrastructure Fund ("the Fund") has invested 
in the uncompleted telecommunications infrastructure assets on December 25,
2013, SCB Asset Management Co., Ltd. ("the Company''), the Management Company of
TRUE Telecommunications Growth Infrastructure Fund, would like to inform the
progress of the uncompleted project pursuant to the letter of the Office of the
Securities and Exchange Commission No. Thor Nor. 1/2554 with details as follows:
Under the Asset and Revenue Sale and Transfer Agreements between True 
Corporation Public Co., Ltd. ("True") and the Fund dated December 24, 2013, True
will be obligated to deliver or procure the delivery of the new towers of 3,000
towers due for delivery by December 31, 2014 ("First Batch") and the remaining
3,000 towers due for delivery by December 31, 2015 ("Second Batch") (both
related to as "Additional Telecommunications Towers"). At the end of June 2014,
the Actual Progress of the Construction of the Additional Telecommunications
Towers compared to the Plan and the Delivery of the Additional
Telecommunications Towers are summarized as follows:    

Table 1 Summary of the Actual Progress of the Construction of the Additional 
Telecommunications Towers (Number of sites) compared to the Plan at the end of
June 2014
Key Milestones    Plan
end of June 2014    Actual Progress
end of June 2014
Site Option Approved
Technical Site Survey
Negotiation, Site Rental Approval
Site Lease Contract Signed
Submission of request for the Approval and License from the Government Agency
Start of the Construction
Inspection and Delivery of the towers to the Fund     2,520
2,400
2,280
1,710
1,410

510
-    2,807
2,477
2,312
1,718
1,419

503
52

Table 2 Report on the Delivery of the First Batch of Towers to the Fund for the 
period of June - December 2014
Month    June    July    August    September    October    November    December
Monthly Plan of the First Batch Delivery (Year 2014)
Delivery Amount    -    68    540    600    750    600    390
Total Accumulated Amount    -    120    660    1,260    2,010    2,610    3,000
Monthly Actual Delivery Amount (Year 2014)
Actual Delivery Amount    52                        
Total Accumulated Amount    52                        
From the reports above, the construction progress of the  Additional 
Telecommunications Towers is in accordance with the Plan and there have been no
event indicating that the delivery of the Additional Telecommunications Towers
will not be on the schedule.

Please be informed accordingly.

Yours faithfully,
TRUE Telecommunications Growth Infrastructure Fund
By SCB Asset Management Company Limited


(Mr. Sarnthor Mudhasakul)
Vice President, Property and Infrastructure Fund Group    
______________________________________________________________________
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