The top 10 shareholders on the above XO date were as follows:

Rank Major Shareholders # Shares % Shares
1 Singha Property Management Co., Ltd., Group 2,411,458,977 35.19
Singha Property Management Co., Ltd. 2,411,458,977 35.19
  Singha Property Management (Singapore) Pte. Ltd. 1 - -
2 Mr. Santi Bhirombhakdi’s Group 1,869,710,799 27.28
Mr. Santi Bhirombhakdi 1,580,104,278 23.06
  Morgan Stanley & Co. International Plc 2 289,606,521 4.23
3 Morgan Stanley & Co. International Plc 3 112,109,716 1.64
4 Credit Suisse Securities (Europe) Limited 311,035,857 4.54
5 UOB Kay Hian (Hong Kong) Limited - Client Account 219,803,600 3.21
6 Thai NVDR Company Limited 166,248,066 2.43
7 N.C.B.Trust Limited-Norges Bank 11 148,000,000 2.16
8 CREDIT SUISSE (HONG KONG) LIMITED 100,000,000 1.46
9 CREDIT SUISSE AG, DUBLIN BRANCH 70,899,090 1.03
10 Bualuang Long-Term Equity Fund 63,646,800 0.93
Total 5,472,912,905 79.87

Remark :
1 Singha Property Management (Singapore) Pte. Ltd. (“SPM SG”), shareholder of 626,301,966 shares in the Company, on July 18, 2017, had made available the total of its shares for Credit Suisse AG, Hong Kong Branch to borrow under the Securities Lending Contract (“SBL Transaction”) in connection with the offering of the convertible bonds of the Company. Under the SBL Transaction, SPM SG will be entitled to require for the return of the shares tentatively from July 20, 2020 onwards or upon the termination of the SBL Transaction pursuant to terms and conditions under relevant agreements and documents.
2 Shareholding of Mr. Santi Bhirombhakdi Group through account with Morgan Stanley & Co. International PLC.
3 Excluding the shareholding of Mr. Santi Bhirombhakdi under item no. 2.

Details of shareholding of the Company’s directors and management are illustrated in the table “The Company's Securities Holding of Directors and Management”.

Major shareholder group that exert de facto significant influence on company policies or business

The Singha Property Management Co., Ltd., Group (wholly owned by Boon Rawd Brewery Co., Ltd.) and Mr. Santi Bhirombhakdi’s Group hold totaling 62.47% (on January 3, 2018) of total shares of the Company, thus exerting de facto significant influence on company policies or business because of their three representative directors, namely Mr. Chutinant Bhirombhakdi, Mr. Chayanin Debhakam, D.B.A., and Mr. Nutchdhawattana Silpavittayakul, on the nine-man board.

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