True Corporation to Offer New "A+" Rated Debentures Stable Investment Choice to Strengthen Portfolios and Benefit from Long-Term Growth

Ms. Yupa Leewongcharoen, Chief Financial Officer (Co), True Corporation Plc said "True Corporation has proven its strength as a leading telecom and technology company in Thailand, posting net profit for two consecutive quarters and for the first half of 2025, the company recorded a normalized profit of THB 8.52 billion, reflecting effective cost management and strong revenue generation. Meanwhile, EBITDA has shown continuous growth, demonstrating strong cash flow and financial discipline. These results reinforce the company's financial position and its ability to make long-term investments, in line with our strategy to expand in the rapidly evolving telecommunications and technology markets.

True currently holds a strategic advantage with the largest and most comprehensive spectrum portfolio in Thailand, covering 8 frequency bands across low, mid, and high ranges. This positions True to support the growth of 5G, AI, IoT, and other digital innovations aiming to enhance the quality of life of Thai people. True remains committed to modernize its network nationwide to deliver the best customer experience and to strengthen Thailand's digital communications infrastructure."

The company and its debentures have been rated "A+" with a "Stable" outlook by TRIS Rating as of September 5, 2025. This reflects True's leading position in the mobile and broadband markets, supported by its nationwide network, extensive spectrum, and well-recognized brand. The rating also factors in expected synergies of the company's recent merger and anticipated future operational improvements.

According to the joint lead arrangers, the Bank of Thailand reduced its policy interest rate from 1.75% to 1.50% on August 13, 2025 and further rate cuts are expected. This creates a favorable opportunity for investors to lock in long-term returns through high-quality debentures. Given the "A+" credit rating and "stable" outlook, True's debentures present an attractive investment option for investors seeking stability and consistent returns in a declining interest rate environment. The company expects strong invertor demand for this offering, as with previous issuances.

The public offering includes four tranches of name-registered, unsubordinated, unsecured debentures with debentureholders' representatives. Fixed interest will be paid every 6 months. These debentures are suitable for medium - to long-term investors, with a minimum subscription of 100,000 baht and in multiples of 100,000 baht. The expected subscription dates for general investors are October 30-31 and November 3, 2025. The debentures include:

• 1st tranche: 4-year tenor with fixed coupon rate of [2.60 - 2.80]% per annum
• 2nd tranche: 5-year tenor with fixed coupon rate of [2.95 - 3.10]% per annum
• 3rd tranche: 7-year tenor fixed coupon rate of [3.15 - 3.35]% per annum
• 4th tranche: 10-year tenor with fixed coupon rate of [3.35 - 3.55]% per annum (The issuer has the right to redeem the debentures before the maturity date starting from the 5th year)

The company is in the process of filing a registration statement and draft prospectus, which are not yet effective and are pending approval by the Securities and Exchange Commission (SEC). Investors can find more details about the debenture offering and draft prospectus at www.sec.or.th. For additional information, please contact the seven joint lead arrangers listed below:

• Bangkok Bank Public Company Limited, all branches (excluding Micro Branch), or call 1333, or book online via Bangkok Bank Mobile Banking.
• KASIKORNBANK Public Company Limited, all branches, call 02 888 8888 ext. 869 (Retail investors can subscribe via online channel (https://www.kasikornbank.com/kmyinvest), non-residents can subscribe at head office and branches), including KASIKORN Securities Public Company Limited as the sales unit of KASIKORNBANK Public Company Limited.
• Siam Commercial Bank Public Company Limited., all branches, call 02 777 6784, or book online via SCB EASY app, including InnovestX Securities Co., Ltd. as an agent of Siam Commercial Bank Public Company Limited.
• CIMB Thai Bank Public Company Limited., all branches, call 02 626 7777, or book online via CIMB Thai app.
• United Overseas Bank (Thai) Public Company Limited, all branches, call 02 285 1555.
• Asia Plus Securities Co., Ltd., call 02 680 4004.
• Kiatnakin Phatra Securities Public Company Limited., call 02 165 5555, or book online via Dime! app, including Kiatnakin Phatra Bank Public Company Limited as an agent of Kiatnakin Phatra Securities Public Company Limited.

For those interested in subscribing via the TrueMoney Wallet, more information and instructions can be found at www.truemoney.com. For assistance with the application process, contact the staff of True Money Co., Ltd. at Tel. 1240, press 6.

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