News Detail

Date/Time
10 Feb 2017 17:35:00
Headline
Appraisal Report
Symbol
JASIF
Source
JASIF
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                Jasmine Broadband Internet Infrastructure Fund
Details of Asset

1. Details of Asset    :    The asset consists of 980,500 core kilometers
                                        of Optical Fiber Cables (OFCs), which 
the Fund
                                        purchased from Triple T Broadband PLC.
                                        (TTTBB). The asset consists of        
                    (1) Existing OFCs amount 800,500 core
                                        kilometers which were transferred on 
February
                                       11, 2015 and
                     (2) Future OFCs amount 180,000 core kilometers
                                      which will be gradually transferred over 
the
                                       following 2 years since the closing date.
  At the
                                       end of November 2016, TTTBB    had completed
                                       the delivery of the total Future OFCs 
amount     
                       180,000     core kilometers to the Fund.

2. Type of Asset            :    Ownership of Optical Fiber Cables

3. Location of Asset            :    Nationwide in Thailand

4. Appraisal Value *            :    Baht 55,951,000,000

5. Appraiser                :    C.I.T. Appraisal Co., Ltd.

6. Revaluation Date            :    December 30, 2016

* The Appraiser utilized Income Approach Method in assessing the asset since 
such asset is income-producing asset. The Appraiser used projected rental
revenue deducting projected operating expenses over the Main Lease Agreement and
Rental Assurance Agreement term (from December 30, 2016 to February 22, 2026)
and calculated the value of asset by discounting to present value at the
discount rate of 9.60% p.a.

The Appraiser calculated the terminal value of the asset based on Perpetuity 
Assumption at the discount rate of 12.60% p.a. and calculated the value of asset
 by discounting to present value at the discount rate of 9.60% p.a.
 
Investors may request for more details of the appraisal report at the Management
 Company.
______________________________________________________________________
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