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THAI insists on paying debts as scheduled Selling assets of almost 2 billion

Thai Airways announces debt repayment according to business rehabilitation plan During the period between 15 Sept.-14 Dec. 64, according to the appointment, assets have been sold for almost 2 billion baht.

company Thai Airways or THAI Inform the Stock Exchange of Thailand (SET) that the company reported the progress of the business rehabilitation plan during the period 15 September-16 December 64, including:

1. Thepay off debtfollowrehabilitation planBusiness For the period between 15 Sept.-14 Dec. 21, the plan administrator has repaid debts to the creditors according to the conditions stipulated in the plan. By repaying the principal and accrued interest until 15 November 21, totaling 1,298,476,908.50 baht and the company did not default in any way.

2. The sale of the secondary property that the court has already authorized In this period, the secondary property was not sold.

3. Selling, renting, or seeking benefits from other secondary assets such as

-Land and buildings of Larn Luang Office at a price of 957 million baht, which is higher than the appraised value and net book value recorded by the company- THAI has transferred ownership and received payment for the sale of such secondary assets in full on the 8th. Oct. 21

– Land with buildings in Phuket at the price of 179 million baht, which is higher than the appraised value and the net book value that the company has recorded. Thai Airways International has transferred the ownership and received payment for the sale of the aforementioned assets in full on 7 Oct. 21.

– Vacant land in Chiang Mai at the price of 105 million baht, which is higher than the appraised value and book value of the land recorded by the Company. THAI has transferred ownership and received payment for the sale of such assets in full on 17 Sept.

– Shares of Bangkok Aviation Fuel Services Public Company Limited (BAFS) in the portion other than those authorized by the Central Bankruptcy Court According to the order dated 3 Dec. 20, on 7 Oct. 21, the Company sold its shares. BAFS to bidders to buy at the highest price of 15 million shares (accounting for 2.35% of the total paid-up shares of BAFS) at the price of 32 baht per share, equivalent to 480 million baht. BAFS and received the money from the buyer already.

In addition, the company sold shares BAFS On the stock exchange between September 21 and November 15, 21, a total of 7,720,500 shares at an average price of 29.51 baht per share, representing total revenue (net) 227,319,589.73 baht.

4. Negotiating to change the conditions in the original contract to be in accordance with the terms of the memorandum (Letter of Intent) as stipulated in the rehabilitation plan item 5.3. /leasing aircraft in the part that the plan preparer considers to be a debt incurred after the date of the court’s order to rehabilitate the business The plan administrator has negotiated with creditors group 35 to change the terms of the original contract to be in accordance with the terms of the memorandum until 15 November 21, a total of 12 aircraft. The plan is in the process of amending the remaining contracts with creditors for 45 more aircraft.

As for the committees of creditors until 15 Nov. 21, the meeting of the creditors committee has acknowledged the progress in the implementation ofrehabilitation planbusiness, including tracking claims Improving cost and cost efficiency Restructuring and scaling the organization, increasing revenues, reforming businesses and finding new funding sources.

However, from the above operating results of the Company Demonstrates the ability to pay debts asrehabilitation planset business

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