Grande Asset Hotels and Property Public : Issuance of Debentures of Grande Asset Hotels and Property Pcl.

	11 August 2022
Subject	: Issuance of Debentures of Grande Asset Hotels and Property Public Company Limited.
To	: Director and Manager,
	The Stock Exchange of Thailand.

Pursuant to the resolution of the Extraordinary General Meeting of shareholder on 3 November 2015, the Annual General Meeting of the shareholder on 24 April 2017 and the Extraordinary General Meeting of Shareholders No. 1/2018 of Grande Asset Hotels and Property Public Company Limited (the "Company"), on 12 December 2018 had resolved to approve for the Company to issue and offer the debentures in the totaling amount not exceeding 11,000 Million Baht. The outstanding debenture is 4,514.70 Million Baht.

By this letter, the Company has issued and offered the Debentures in the amount of 3,500 Million Baht on

8 July 2022, which the important details of issuance and offering of the Debentures are as follows:

Type of Debentures	Unsubordinated and Secured Callable Debentures with a
	Debentureholders' Representative in the Name-Registered Debenture
	Certificates
Name of Debentures	Secured Debentures of Grande Asset Hotels and Property Public
	Company Limited No. 3/2022 Due 2024 with the issuer's right of early
	redemption
Number of Debentures	3,500,000 Units
Par value per unit	1,000 Baht
Maturity of Debentures	1 year 9 months from the date of issuance
Interest rate	7.25% per annum
Date of issuance	8 July 2022
Due date of redemption	8 April 2024
Early redemption	The issuer may redeem the debentures at the option of the issuer, in the
	whole or in part, after 3 months from the date of issuance. The issuer shall
	pay a fee to debentureholders at the rate 0.20% of the principal amount of
	the debentures redeemed
Payment of interest	Every 3 months
Type of offering	Institutional investors and/or high net worth investors
Representative	KTBST Securities Public Company Limited

Please be informed accordingly.

Yours sincerely,

(Mr. Vitavas Vibhagool)

Director and Chief Executive Officer

of Real Estate and Hotel Businesses