PROSPECT REIT is ready to allow existing trust unit holders and the general public to subscribe for additional trust units from May 19 - 23, 2025, at the final offering price of 7.2 Baht per unit, to invest in the third phase of ownership and lease rights for warehouses and ready-made factories in the Bangkok Free Trade Zone projects 1, 2, and 3 located in the Bangna-Trad and Theparak areas, with a total investment value not exceeding 3,350 million Baht. This is expected to increase the estimated first-year return to 0.87 Baht per unit. The average occupancy rate of the trust's properties in the first quarter of 2025 was as high as 96%, and it has not yet been affected by the new tax measures from the United States.

Ms. Oranong Chaitong, Chief Executive Officer of Prospect REIT Management Co., Ltd., as the trust manager of PROSPECT REIT, revealed that the real estate investment trust and lease rights trust, Prospect Logistics and Industrial, is preparing for its third additional investment in three new projects to enhance income-generating potential and returns for trust unit holders, which include: (1) Bangkok Free Trade Zone Project 1 on Bangna-Trad Road Km. 23, which will invest in leasehold rights for land and buildings for a period not exceeding 15 years, with approximately 158,315 square meters of rental space; (2) Bangkok Free Trade Zone Project 2 on Theparak Road, which will invest in leasehold rights for land for a period not exceeding 26 years and ownership of buildings, with approximately 12,481 square meters of rental space; and (3) Bangkok Free Trade Zone Project 3 on Bangna-Trad Road Km. 9, which will invest in ownership of land and buildings of the project, with approximately 50,882 square meters of rental space.

All three new projects are strategically located in industrial and logistics centers. Bangkok Free Trade Zone Project 1 and Project 3 have portions designated as Free Zones, allowing operators in these areas to benefit from tax incentives on imports and exports. Additionally, Prospect Development Co., Ltd., as the sponsor, has over 15 years of experience in developing the Bangkok Free Trade Zone and manages the properties.

As of the end of February 2025, the three new projects have high average occupancy rates of 96.9% and 100.0%, respectively. Following this additional investment, the estimated first-year distribution for PROSPECT REIT is expected to increase from 0.72 Baht per unit to 0.87 Baht per unit, and the proportion of investment in freehold properties will rise to 31.4% from the current 29.2% of the estimated asset value, enhancing the trust's income stability.

Currently, PROSPECT REIT has four projects, including ownership and lease rights for warehouses, ready-made factories, and built-to-suit buildings, with a total rental area of approximately 292,332 square meters on about 294 rai of land. These include Bangkok Free Trade Zone Projects 1, 2, 3, and Project X44 in the Bangna-Trad and Theparak areas, which are key industrial and logistics hubs in the country, connecting to airports, ports, and expressways. In the first quarter of 2025, PROSPECT REIT reported strong performance despite the global economic impact from the U.S. tax countermeasure announcement, with revenues of 143 million Baht and net investment profits of 76 million Baht. The average occupancy rate reached 96%, with a lease renewal rate of 100%, reflecting the demand for warehouse and ready-made factory spaces, which are the trust's assets.

Regarding the U.S. announcement to raise customs duties on several countries with trade surpluses, including Thailand, the trust manager is closely monitoring the situation. Currently, PROSPECT REIT has not been affected, as tenants exporting goods to the U.S. are not numerous compared to the total rental area of the trust, and tenants continue to operate normally without plans to relocate production to other countries, as many ASEAN countries are also impacted by these tax measures. Relocating production would face high costs. However, most tenants assess that this tax measure may have a short-term impact, prompting them to seek alternative markets.

Mr. Komkrit Raksakulkiat, Head of Investment Banking at TISCO Bank Public Company Limited and representative of TISCO Securities Company Limited as financial advisor and underwriter, stated that PROSPECT REIT is a leading industrial trust with consistent performance and distributions since its establishment in 2020. The third additional investment of PROSPECT REIT, valued at up to 3,350 million Baht, will come from the offering of no more than 310 million trust units and loans from financial institutions not exceeding 1,450 million Baht. It is now open for existing trust unit holders listed as of the record date on April 29 and the general public to subscribe for additional trust units from May 19 - 23, 2025, at the final offering price of 7.2 Baht per unit, with a subscription ratio of 1 existing trust unit to 0.6648 new trust units offered.

Existing trust unit holders with rights can subscribe through the website https://www.tiscosec.com or at the head office of TISCO Securities Company Limited as the underwriter. General investors can subscribe at TISCO Securities Company Limited, Siam Commercial Bank Public Company Limited, and Innovest X Securities Company Limited. It is expected that the additional trust units will be traded on the Stock Exchange of Thailand by June, enhancing liquidity and attracting institutional investors.