TPARK LOGISTICS PROPERTY FUND (TLOGIS)

Objectives and Rationale for Capital Increase
TPARK Logistics Property Fund (the “Fund”) has been set up under the objectives to
mobilize funds for purchase or lease of immovable properties and to reap benefits for generating
income and returns for the Fund and the unitholders.
To fulfill the above objectives, BBL Asset Management Co., Ltd. (the “Management
Company”) as the manager of the Fund, plans to increase the Fund’s capital through the issue
of additional investment units for offering to unitholders and investors. Proceeds derived thereon
would be used to purchase lands and leased buildings comprising 3 warehouses (12 units) from
TICON Logistics Park Company Limited (the “Additional Properties”). The Management Company
believes that the capital increase for acquiring such land and buildings will render benefits for the
Fund and unitholders as follows:
1. Increase in projected dividend per unit
The Management Company expects that the Fund will be able to gain benefits and income
from its investment in the additional immovable properties, thereby leading to higher returns in the
form of dividend per unit for unitholders.
According to the projection of the Management Company for the quarterly accounting
period ending 31 December 2011 and the accounting period from 1 January 2012 to 30 September
2012, the expected dividend per unit to be received by the unitholders will be higher than the
expected dividend per unit from the existing properties before the capital increase plan in the
corresponding accounting periods.
2. Trading liquidity of investment units may increase
The issuance and offering of additional investment units will increase the number of
investment units issued and offered by the Fund, from the current level of 153,300,000 units to
the total number of not exceeding 248,300,000 units (through issuance and offering of investment
units of not exceeding 95,000,000 units). The Management Company expects that an increase
in investment units will increase trading liquidity of investment units of the Fund on the Stock
Exchange of Thailand.
3. Enhance potentials of immovable properties invested by the FUND
All of the warehouses for lease to be purchased by the Fund are located in TICON
Logistics Park Bangna Project, Chachoengsao province and TICON Logistics Park Laemchabang,
Chonburi province not far away from Bangkok, together with accesses to various transportation
modes, the details of those additional immovable properties to be invested in by the Fund are
provided in the Attachment 2 Additionally, TICON Industrial Connection Public Company Limited
as the seller of the immovable properties to be sold to the Fund and the property manager, is a
renowned and experienced company in construction, development and management of quality
industrial factory and warehouses for lease which has been acknowledged. These are key factors,
which will enhance potentials of immovable properties invested by the Fund to both attractiveness
to the lessees to lease the warehouses and the rentals will be set at competitive levels.
In addition, Thailand still possesses sound of logistics potential to become a major
industrial base of Asia. Contributing factors include acceptable labor quality, competitive wages,
and being the transportation center to other neighboring countries in the region. These will
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