The Bangkok Airways Airport Leasehold Property Investment Trust, or BAREIT, officially started trading on the Stock Exchange of Thailand on September 14, under the ticker symbol BAREIT. The response from institutional and retail investors during the trust unit offering was positive, showcasing the appeal of investing in the Samui Airport assets, a gateway to world-class tourist destinations, benefiting from the recovery of the tourism industry with an estimated first-year return of 8.09%.

Mr. Phutthipong Prasatthongosoth, the Chief Executive Officer of Bangkok Airways Public Company Limited, or BA, as the asset owner (Sponsor), expressed his satisfaction with the strong response from institutional and retail investors, reflecting confidence in the assets that the BAREIT trust will generate continuous growth in performance in the future. He highlighted the potential of Samui Airport, a gateway to world-class tourist destinations, which is highly popular among both Thai and foreign travelers. The airport also serves international and domestic flights, strategically positioned to connect travel to major cities in the region and abroad. It is anticipated that by 2024, the number of travelers using Samui Airport will return to normal levels. This investment is expected to grow alongside the recovery of the tourism sector, which is one of Thailand's key industries.

Ms. Lila Phat Lila Hwanit, Managing Director of Bangkok REIT Management Co., Ltd., as the trust manager, stated that the trust units of the Bangkok Airways Airport Leasehold Property Investment Trust began trading for the first time on the Stock Exchange of Thailand on September 14, 2022, under the ticker symbol 'BAREIT'. It is expected that investors will respond positively, similar to the previous trust unit offering.

The trust has made its initial investment in the leasehold rights of the property used for operating Samui Airport for approximately 25 years from the date of the trust's first investment in the asset, with a total value of 14.3 billion baht. BAREIT is the first trust in Thailand to invest in an airport, and it will benefit from the recovery of tourism and the beauty of Koh Samui, which is a popular destination for tourists worldwide. Additionally, it will benefit from stable investment assets and revenue generation from leasing to BA's subsidiaries, which have extensive experience in airport management. Therefore, it is confident that the trust will have consistent income over the 25-year period.

Mr. Sawit Srisaranpong, Executive of the Investment Banking Group at Kasikorn Bank Public Company Limited, as the financial advisor and distributor manager, stated that currently, trusts are becoming increasingly popular as investments due to their stability from receiving regular dividends over the long term and the potential for returns from the trust unit price. Therefore, he is confident that BAREIT will be one of the trusts that attract investor interest.

The trust has estimated a dividend payout rate to unit holders of up to four times a year, at a rate of no less than 90% of the adjusted net profit. In the first year, it will pay a return of approximately 8.09% per year, making it one of the more attractive trusts in the stock market and an interesting option for diversifying investments amid the current volatile market conditions.