News Detail

                Management Discussion and Analysis

Company name                             : ERAWAN HOTEL GROWTH PROPERTY FUND
Year                                     : 2018
Quarter                                  : Quarter 2
Ending                                   : 30-Jun-2018
Note                                     :
JorTor. 11-610169                            August 14, 2018

To:    The President
The Stock Exchange of Thailand

Re:    Clarification of the change in net assets from operations in excess of 20% 
of
Erawan Hotel Growth Property Fund (ERWPF)

SCB Asset Management Co., Ltd., the Management Company of Erawan Hotel Growth 
Property Fund ("The Fund"), would like to clarify the change in the net increase
in net assets from operations for three months ended June 30, 2018 which
increased in excess of 20%, compared to that of the same period in 2017.
The Fund has the net increase in net assets from operations for three months 
ended June 30, 2018 amounted to Baht 16.72 million, compared to the net increase
in net assets from operations of Baht 6.90 million for the same period in 2017,
or an increase of Baht 9.82 million (142.14%) from that of the same period last
year. This is mainly a result of a rental income totaled Baht 9.68 million (for
three-month period ended June 30, 2018: Baht 18.13 million; three-month period
ended June 30, 2017: Baht 8.45 million). An incremental in rental income stems
mainly from the change in the accounting methodology of rental income in Q2 2017
because of the expiration of guaranteed rental income which was expired on Mar
31,2017.


Please be informed accordingly.


Yours faithfully,
Erawan Hotel Growth Property Fund
By SCB Asset Management Company Limited


(Mrs.Tipaphan Puttarawigorm)
Executive Vice President, Property and Infrastructure Investment Group
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