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13 May 2020 20:20:00
Report NAV as at 31 March 2020
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                Report on Net Assets Value (NAV) per unit

Subject                                  : Report NAV as at 31 March 2020
Name                                     : BUALUANG OFFICE LEASEHOLD REAL ESTATE
NAV as of                                : 31-Mar-2020
Net Assets Value (Baht per unit)         : 10.0577
Net Assets Value (Baht)                  : 3,709,306,177.11
Total Assets Value (Baht)                : 4,913,241,086.23
Balance Units (Units)                    : 368,800,000.0000
Signature ___________________________
         (Mr.Winai Hirunpinyopard  )

Authorized to sign on behalf of the company
Remark                                   :
As at 31/3/2020 the trust has outstanding expenses related to the establishment
of the fund or fund raising of 1,510.38 million baht. If such expenses must be
recognized in full, net asset value will be equal to 3,707.80 million baht or
10.0533 baht per unit.
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