Thai Beverage Public Company Limited ANNOUNCEMENT Date: October 4, 2016 To: Singapore Exchange Securities Trading Limited Subject: Corporate Rating by TRIS Rating Co., Ltd.

We, Thai Beverage Public Company Limited ("THBEV"), have engaged TRIS Rating Co., Ltd. ("TRIS"), a rating agency in Thailand, for domestic credit rating. The purpose is to establish Company's domestic credit flexibility in the financial markets.

We would like to announce that TRIS has completed its annually review of THBEV and informed us that TRIS upgrades the company rating of THBEV for 1 notch from the previous year's rates, from "AA" with "Stable" outlook to "AA+" with "Stable" outlook.

At present Thailand Country Rating by TRIS is AAA.

Please note that AA+ is considered as investment grade, according to TRIS Rating's website. Please be informed accordingly.

Yours faithfully,

Sithichai Chaikriangkrai

Director and Senior Executive Vice President

ThaiBev

Sangsom Bldg ., 14 Vibhavadi Rangsit Rd., Chomphon, Chatuchak, Bangkok 10900, Thailand Tel +66 2 785 5555, Fax +66 2 785 5882 www.thaibev.com Registration No. 0107546000342

Thai Beverage pcl published this content on 04 October 2016 and is solely responsible for the information contained herein.
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