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16 Nov 2020 13:10:00
Management Discussion and Analysis Quarter 3 Ending 30 Sep 2020
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                Management Discussion and Analysis

Company name                             : MILLIONAIRE PROPERTY FUND
Year                                     : 2020
Quarter                                  : Quarter 3
Ending                                   : 30-Sep-2020
Note                                     :
PT. 164/2020

16 November 2020

Re:    Clarification of more than 20% Change of Operations Result of
    Millionaire Property Fund

To:    President
    The Stock Exchange of Thailand

One Asset Management Limited in its capacity as the fund manager of Millionaire 
Property Fund ("the Fund") would like to inform the reasons for the change of
operations result for the three month period ended 30 September 2020 where the
increase in net assets resulting from operations was Baht 34.25 million,
representing an increase of Baht 11.38 million or 49.75% from the same quarter
in 2019. The main reason was that the Fund had a net loss on investments of Baht
11.02 million resulting from a decrease in property appraisal, which was Baht
14.96 million less than the amount when compared to the same period last year.

Please be informed accordingly

Sincerely yours,

Mr. Alongkorn Prathanrasnikorn
Senior Executive Vice President

Property and Infrastructure Fund Department
Tel: 02 659 8888 ext.8843, 8837 and 8878
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