News Detail

Date/Time
05 May 2017 12:52:00
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 approximately
                                                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 approximately 
180,000
                                              core kilometers which will be 
gradually
                                              transferred over the following 2 
years since
                                              the closing date or 7,500 core 
kilometers
                                              per month.

2. Type of Asset    :    Ownership of Optical Fiber Cables

3. Location of Asset     :       Nationwide in Thailand
    
4. Appraisal Value *    :    Baht 57,996,000,000

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

6. Revaluation Date    :     March 31, 2017

*     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 March 31, 2017 to February 22, 2026) and
calculated the value of asset by discounting to present value at the discount
rate of 9.00% p.a.

The appraiser calculated the terminal value of the asset based on Perpetuity 
Assumption at the discount rate of 12.00% p.a. and calculated the value of asset
 by discounting to present value at the discount rate of 9.00% p.a.
    
Investors may request for more details of the appraisal report at the Management
 Company.
______________________________________________________________________
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