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TPARK LOGISTICS PROPERTY FUND (TLOGIS)

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Appraisal Value by<br />

Nexus Property Knight Frank<br />

Consultants Chartered<br />

Co., Ltd. (Thailand) Co., Ltd.<br />

(As of 21 April 2011) (As of 21April 2011)<br />

317,000,000 322,400,000<br />

Details of Warehouse Buildings<br />

Warehouse<br />

Space<br />

(Square<br />

Meter)<br />

Land Area<br />

(Rai-Ngarn-<br />

Square Wah)<br />

Title Deed No. Location<br />

Warehouse<br />

Name<br />

TICON Logistics<br />

Park Project<br />

Bangna/<br />

Laemchabang/<br />

No.<br />

Wangnoi<br />

15-0-11 13,700 Two units of one-storey reinforced<br />

concrete building with mezzanine<br />

SW.FZ1 30846 Bang Samak<br />

District, Bang<br />

Pakong<br />

Sub-district,<br />

Chachoengsao<br />

Province<br />

12. Bangna Trad<br />

km.329<br />

Total 63-2-71 55,230 910,000,000 952,800,000<br />

Remarks:<br />

• Total appraisal value was Baht 910,000,000 as of 21 April 2011 by Nexus Property Consultant Co., Ltd. and total appraisal value was Baht 952,800,000 as of 21 April 2011<br />

by Knight Frank Chartered (Thailand) Co., Ltd. Both appraisal firms adopted an income approach for valuation of properties, due to income-generating capability of the<br />

properties. Investors can see the details in the appraisal reports at the Management Company.<br />

• As of 31 March 2011, the warehouse No.12 which situated in TICON Logistics Park – Bangna is still under construction, however, it is estimated to be completed within May 2011.<br />

A tenant, Leschaco (Thailand) Co.,Ltd. will enter into a lease agreement with TICON Logistics Park Company Limited for 12 years term when the construction of warehouse is<br />

completed (refer to MOU No.TPK-MOU-10-001)., Leschaco(Thailand) Co.,Ltd. when the construction of warehouse is completed.<br />

14

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