Notice of the Change of the Shareholding Structure of the Major Shareholders of Thai Airways International Public Company Limited

As Thai Airways International Public Company Limited (the "Company") and the Ministry of Finance offered for sale the Company's 385 million ordinary shares,  comprising 285 million capital increase ordinary shares, 100 million existing ordinary shares held by the Ministry of Finance, and the over-allotment of 57.75 million existing ordinary shares held by the Ministry of Finance.

The Company would like to inform that after Phatra Securities Company Limited as the Stabilizing Manager, exercised the option to purchase the shares from the Ministry of Finance and returned the shares to the Ministry of Finance, the shareholding structure of the major shareholders of the Company has been changed as follows;

1.  The Ministry of Finance holds 725,907,026 shares in the Company, which is 43.08 percent of the total issued and outstanding shares of the Company.

After the Ministry of Finance offered for sale the Company's ordinary shares but before the return of the shares from Phatra Securities Company Limited, the Ministry of Finance had transferred 260,578,800 shares in the Company to Vayupak Fund 1

2.  Vayupak Fund 1 holds 260,578,800 shares in the Company, which is 15.46 percent of the total issued and outstanding shares of the Company.

3.  The Government Savings Bank holds 187,500,000 shares in the Company, which is 11.13 percent of the total issued and outstanding shares of the Company.