Infrastructure Trust Listing on the Stock Exchange of Thailand

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Feature of the Unit Trust

1. Be fully paid
2. Holding bearer’s name
3. No restrictions on transferring the trust units, except for the legal restrictions. Such restrictions must be stated in the trust deed.

• An infra trust refers to the trust that invests in infrastructure projects as prescribed in SEC announcement. Assets of the infrastructure project include:
• Rail or pipeline transportation
• Electricity, waterworks
• Roads, special path, or commissioned path
• Airports
• Deep water port
• Telecommunication or ICT Infrastructure
• Alternative energy
• Water management or irrigation systems
• Natural disaster protection systems including the warning system and disaster mitigation system
• Waste management system
• Multi-infrastructure business comprising of complementary facilities, which are:
• Connected, or promoting mutual benefits, or beneficial to the community or its neighborhood; and
• Generating or having income contribution for no less than 80% of the composite revenue
• To list on SET, an infra trust must have the following qualifications:
  1. Approved by SEC
  2. Having the SEC-approved trust manager and SEC-licensed trustee
  3. Having retail trust holders for no less than 20% of each listed tranche

Appointing Thailand Securities Depository Co., Ltd. (TSD) or other SET-approved persons to act as securities registrar

1. The trust founder (person who is going to be the trust manager when a trust is founded) submits listing request
2. Requesting listing for all issued trust units
3. Submitting the request and required documents, plus paying fee, to SET

Duration for listing consideration