News Detail

Date/Time
09 Feb 2018 17:15:00
Headline
Details of Assets of DIF
Symbol
DIF
Source
DIF
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                JorTor 11- 610022                                    February 9, 2018

To:     The President
The Stock Exchange of Thailand

Re:     Details of Asset

SCB Asset Management Co., Ltd., the Management Company of Digital 
Telecommunications Infrastructure Fund ("the Fund") would like to notify the
details of asset as of December 31, 2017 as follows:

Fund    Total Asset
(THB)    Net Asset Value
(THB)    Net Asset Value per unit (THB)
Digital Telecommunications Infrastructure 
Fund    119,805,893,571.04    90,390,430,532.57    15.5630

Appraisal of the Initial Assets and the Additional Investment No. 1
Company    Type
    Appraised Value
(THB million)    Appraiser    Valuation Date    Valuation Period    Appraisal Method
BFKT (Thailand) Limited ("BFKT")    The right to the net revenues from 
telecommunications towers    5,519    Discover Management Company Limited    March 31,
2017    April 1, 2017 - December 31, 2027 with terminal value    Income Approach
according to the Fund's structure
    The right to the net revenues from fiber optic cable transmission grid 
    22,352    Discover Management Company Limited            
Asia Wireless Communication Company Limited ("AWC")    The right to the net 
revenues from telecommunications towers    16,275    
Discover Management Company Limited            
    The right to the net revenues from telecommunications towers                 
(the Additional Investment No. 1)    977    Discover Management Company Limited            
    Long-term leasehold with a term of not exceeding 20 years of fiber optic cable 
(FOC), including call option of the FOC upon the expiration of the term of the
long-term leasehold
(the Additional Investment No. 1)    14,142    Discover Management Company Limited            
True Corporate Public Company Limited ("TRUE")    The ownership of 6,000 
telecommunications towers and other related passive telecommunications
infrastructure for mobile telecommunications services     24,032    
Discover Management Company Limited            
True Internet Corporation Company Limited
("TICC")    The ownership of a core fiber optic cable grid and related transmission
 equipment and an upcountry broadband system    20,348    
Discover Management Company Limited            
Total    103,645    

Appraisal of the Telecom Infrastructure Assets for Additional Investment No. 2
Company    Type    Appraised Value
(THB million)    Appraiser    Valuation Date    Valuation Period    Appraisal Method
Asia Wireless Communication Company Limited ("AWC")    The right to the net 
revenues from telecommunications towers    
True Move H Universal Communication Company Limited ("TUC")    The ownership of 350
 telecommunications towers    
    The ownership in fiber optic cables
currently used for provision of mobile services in provincial areas    
True Move Company Limited
("TMV")    The ownership in core fiber optic cables currently used for provision of
 mobile and internet services in Bangkok Metropolitan Area    
True Internet Corporation Company Limited ("TICC")    Long-term leasehold with a 
term of not exceeding 30 years of fiber optic cable (FTTx Access), including
call option of the FOC upon the expiration of the term of the long-term
leasehold    

Total       12,144.90 - 13,173.57    Silom Advisory Company Limited    September 19, 
2017    January 1, 2018 - September 15, 2033 for telecommunication towers
(to September 15, 2043                for FOC)              with terminal
value    Income Approach according to the Fund's structure
       11,995.04 -  12,975.83    Discover Management Company Limited    September 19, 
2017    November 16, 2017 - December 31, 2034 for telecommunication towers
(to December 31, 2044 for FOC)              with terminal value    Income Approach
 according to the Fund's structure

**The valuation will be conducted once a year, in case that there is no event 
that has a material impact towards the Fund's assets.
*** Investors may request for more details of the appraisal reports at the 
Management Company.

Please be informed accordingly.

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



(Ms. Pijittra Trirattanathada)
Executive Vice President, Property and Infrastructure Investment Group
______________________________________________________________________
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