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STA Thrilled by Strong Institutional Investor Response to Bond Roadshow, Highlighting Confidence in Robust Business Operations; Public Bond Offering Set for Late January 2025

Mr. Kitichai Sincharoenkul, Executive Director of Sri Trang Agro-Industry Public Company Limited (STA), the world's largest fully integrated natural rubber company and Thailand's leading rubber glove producer, stated that the company recently conducted a roadshow for institutional investors to share detailed insights into STA's operations and its upcoming bond issuance. The event received an enthusiastic response, reflecting strong confidence in STA's business potential and future growth prospects as a leading player in an industry set for considerable growth.

STA is preparing to issue four tranches of bonds, with interest rates currently under review. Tranche 1, with a maturity of two years, will be offered to institutional investors and high-net-worth investors (excluding retail individual investors). Tranche 2, with a maturity of three years, Tranche 3, with a maturity of five years, and Tranche 4, with the maturity yet to be determined, will be offered to the general public.

Both the company and the bonds have been assigned a credit rating of "A-" with a Stable Outlook by TRIS Rating Co., Ltd. as of November 25, 2024, reflecting STA's strong business fundamentals.

Investors interested in STA bonds, offering opportunities for consistent long-term returns, are encouraged to stay updated and plan their investment allocation. Subscriptions for the bonds are expected to open between January 31 and February 3-4, 2025. For general investors, the minimum subscription is THB 100,000 with increments of THB 100,000 thereafter. Subscriptions can be made through two appointed lead underwriters: Krungthai Bank Public Company Limited and Kasikornbank (KBank) Public Company Limited, at all branches nationwide.