True Corporation Public Company Limited

No.	Name	No. of shared (Million Shares)	%
1.	CP Group ^2/	16,901.79	50.65
2.	CHINA MOBILE INTERNATIONAL HOLDINGS LIMITED ^3/	6,006.36	18.00
3.	UBS AG HONG KONG BRANCH ^4/	3,008.18	9.02
4.	THAI NVDR COMPANY LIMITED ^5/	2,434.78	7.30
5.	CREDIT SUISSE AG, SINGAPORE BRANCH ^4/	1,462.88	4.38
6.	UBS AG LONDON BRANCH ^4/	309.96	0.93
7.	HSBC (SINGAPORE) NOMINEES PTE LTD ^6/	236.93	0.71
8.	STATE STREET EUROPE LIMITED ^7/	211.77	0.63
9.	CHASE NOMINEES LIMITED ^7/	167.35	0.50
10.	Electricity Generating Authority of Thailand Registered Provident Fund	135.29	0.41

No.

Name

No. of shared (Million Shares)

CP Group ^2/

16,901.79

50.65

CHINA MOBILE INTERNATIONAL HOLDINGS LIMITED ^3/

6,006.36

18.00

UBS AG HONG KONG BRANCH ^4/

3,008.18

9.02

THAI NVDR COMPANY LIMITED ^5/

2,434.78

7.30

CREDIT SUISSE AG, SINGAPORE BRANCH ^4/

1,462.88

4.38

UBS AG LONDON BRANCH ^4/

309.96

0.93

HSBC (SINGAPORE) NOMINEES PTE LTD ^6/

236.93

0.71

STATE STREET EUROPE LIMITED ^7/

211.77

0.63

CHASE NOMINEES LIMITED ^7/

167.35

0.50

10.

Electricity Generating Authority of Thailand Registered Provident Fund

135.29

0.41

The Company has a policy to declare dividend at least 50% of its net profits from the Company’s Financial Statements subject to statutory reserves and availability of cash and in accordance with the relevant regulations and conditions of its credit facilities.

For the dividend policy of subsidiary companies, Board of Directors will consider the dividend payment from the balance of cash flows taking into account the capital expenditure requirements. Subject to the availability of cash flows and a legal reserves, the Board of Directors shall consider the payment of dividends on a case-by-case basis.

Historical Dividend Payment

In the past, the Company had paid dividend from its Year 2015 net profit at the rate of Baht 0.06667 per share. The payment was made in two forms, i.e. partially in (1) stock dividend at the rate of 200 existing shares per 3 stock dividends, or an equal of Baht 0.06 per share, and partially in (2) cash dividend at the rate of Baht 0.00667 per share.