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11 Feb 2019 17:42:00
Details of Properties and Valuation
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                MFC Patong Heritage Property Fund
Details of Properties and Valuation

1.  Appraiser    :    Nexus Property Consultants Co., Ltd.
2.  Revaluation Date    :       April 1st, 2018
3.  Location                   :   183 units in Patong Night Plaza Condominium, 
locate at  205/16 Soi Fah Prathan, Ratuthit Songroipi Road, Paton, Kathu
District, Phuket         
4.  Details of Properties
Projects    Type    Number     Appraisal Value (THB)
            Nexus Property Consultants Co., Ltd.
Patong Heritage Hotel     Condominium units
(currently running a hotel business under the title "Patong Heritage Hotel")    183
Units    1,062,000,000

    Land and building    55.6
Sq. Wah    
5.    Method of Valuation    :    The appraiser has applied the income method according 
to the Fund's structure which derived from an estimation of the net income
generated from the subject properties. Under this valuation the appraiser
applied 10-year discounted cash flow projection plus its terminal value to
indicate the property value
6. Appraisal Value    :    1,062,000,000 THB

Investors may request for more details of the appraisal report at the Management
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