True Corporation Public Company Limited

No.	Name	No. of shared (Million Shares)	%
1.	CP Group ^2/	16,683.72	49.99
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/	2,037.72	6.11
5.	CREDIT SUISSE AG, SINGAPORE BRANCH ^4/	1,465.47	4.39
6.	UBS AG LONDON BRANCH ^4/	525.63	1.58
7.	SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED ^6/	344.70	1.03
8.	STATE STREET EUROPE LIMITED ^6/	244.62	0.73
9.	UOB KAY HIAN (HONG KONG) LIMITED - Client Account ^3/	152.94	0.46
10.	BUALUANG LONG-TERM EQUITY FUND	116.65	0.35

No.

Name

No. of shared (Million Shares)

CP Group ^2/

16,683.72

49.99

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/

2,037.72

6.11

CREDIT SUISSE AG, SINGAPORE BRANCH ^4/

1,465.47

4.39

UBS AG LONDON BRANCH ^4/

525.63

1.58

SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED ^6/

344.70

1.03

STATE STREET EUROPE LIMITED ^6/

244.62

0.73

UOB KAY HIAN (HONG KONG) LIMITED - Client Account ^3/

152.94

0.46

10.

BUALUANG LONG-TERM EQUITY FUND

116.65

0.35

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 considers 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

1. from its Year 2015 net profits at the rate of Baht 0.06667 per share. The payment was made in two forms, i.e. (1) partially in stock dividend at the rate of 200 existing shares per 3 stock dividends, which was an equivalent of Baht 0.06 per share, and (2) partially in cash dividend at the rate of Baht 0.00667 per share and
2. from its Year 2017 net profits at the rate of Baht 0.031 per share.
3. from its Year 2018 net profits at the rate of Baht 0.09 per share.