PRESS RELEASE

3 July 2018

Frasers Property and TCC Assets Appoint Leading

Foundation Contractors Thai BAUER Co. Ltd., and

SEAFCO Plc., for ‘One Bangkok’

At the One Bangkok’s construction site, Frasers Property led by Mr. Burin Kunatippapong

(5th from left) Construction Director, together with representatives from Thai BAUER Co. Ltd. led by Mr.

Mike Sinkinson (4th from right) Managing Director; SEAFCO Plc. led by Dr. Narong Thasnanipan

(2nd from left) CEO and President; and Stonehenge Inter Plc. led by Mr. Somkiat Silawatanawong (2nd from

right) CEO. TCC Assets and Fraser Property appointed Thai BAUER and SEAFCO as the foundation

contractors for mega project ‘One Bangkok’, working in coordination with Project and Construction

Manager, Stonehenge Inter Plc.

From left to right: • Mr. Kamol Singtogaw, Executive Vice President, Marketing and Special Projects; Dr. Narong

Thasnanipan, CEO and President, SEAFCO Plc.

• Mr. Russell Kim, Design Director; Dr. Tirachai Pipitsupaphol, Procurement and External Affairs

Director; Mr. Burin Kunatippapong, Construction Director, Frasers Property

• Mr. Mike Sinkinson, Managing Director; Mr. Markus Richartz, Project Director, Thai BAUER Co., Ltd.

• Mr. Somkiat Silawatanawong, CEO and Mr. Pairuch Laoprasert, Chairman of the Executive Board,

Stonehenge Inter Plc.

Bangkok, (3 July 2018) – TCC Assets Company Limited and Frasers Property Limited

have announced the appointment of Thai BAUER Co. Ltd., the local subsidiary of BAUER

Spezialtiefbau GmbH, and SEAFCO Plc, as foundation contractors for the first phase of

‘One Bangkok,’ working in coordination with Project and Construction Manager,

Stonehenge Inter Plc. ‘One Bangkok’ is the THB 120 billion landmark development,

a joint venture between TCC Assets and Frasers Property. It is the largest private sector

property development initiative ever undertaken in Thailand that will set new benchmarks

in design, quality and sustainability.

“With decades of in-market experience, Thai Bauer and SEAFCO have outstanding track

records in complex special foundation works in Thailand. We have appointed two

foundation contractors due to the large size of the first phase of ‘One Bangkok’, ensuring

that this development is of the highest quality construction from inception, shaped with

utmost care for the city, the environment and people,” said Mr. Burin Kunatippapong,

Construction Director, Frasers Property Holdings (Thailand) Co., Ltd.

As part of the large-scale permanent underground works, Thai Bauer and SEAFCO will

install more than 2,500 bored piles down to a depth of 80 metres. In addition, they will

construct a diaphragm wall measuring over 1.5 kilometers long at a depth of 35 metres,

which will form the structure of the basement levels for the development. This will be

supervised closely with rigorous quality assurance and quality control protocol by

Stonehenge Inter. The project works will be performed according to LEED* Platinum

level, which stipulates strict rules and extremely high standards when it comes to

environmental aspects. Logistics innovations include concrete batching plants and

centralised procurement on-site, to ensure constant supply of concrete and steel.

As the first development in Thailand to target LEED* Neighborhood Development

Platinum certification, ‘One Bangkok’ will comprise five premium Grade A office towers,

five luxury and lifestyle hotels, three ultra-luxury residential towers, four distinctive retail

zones, a cultural hub and performance centre, as well as eight hectares of green areas and

open spaces.

The specialist engineering foundation works are now underway, as part of the construction

for One Bangkok, with the development’s first components opening in 2022.

Additional Photos:

Left to Right - Dr. Narong Thasnanipan, CEO and President

(SEAFCO Plc.), Dr. Tirachai Pipitsupaphol, Procurement

and External Affairs Director (Frasers Property); Mr.

Russell Kim, Design Director (Frasers Property); Mr. Burin

Kunatippapong, Construction Director (Frasers Property),

Mr. Mike Sinkinson, Managing Director (Thai BAUER Co.

Ltd.) and Mr. Somkiat Silawatanawong, CEO (Stonehenge

Inter Plc.).

Executives from Frasers Property and SEAFCO

Left to Right - Mr. Kamol Singtogaw, Executive Vice

President, Marketing and Special Projects; Dr. Narong

Thasnanipan, CEO and President (SEAFCO Plc.), Mr. Burin

Kunatippapong, Construction Director; Mr. Russell Kim,

Design Director and Dr. Tirachai Pipitsupaphol, Procurement

and External Affair Director (Frasers Property)

Executives from Frasers Property and Thai BAUER Co. Ltd.

Left to Right - Dr. Tirachai Pipitsupaphol, Procurement and

External Affairs Director, Mr. Russell Kim, Design

Director; Mr. Burin Kunatippapong, Construction Director

(Frasers Property), Mr. Mike Sinkinson, Managing Director

and Mr. Markus Richartz, Project Director (Thai BAUER

Co. Ltd.)

Executives from Frasers Property and Stonehenge Inter Plc.

Left to Right - Dr. Tirachai Pipitsupaphol, Procurement and

External Affair Director, Mr. Russell Kim, Design Director;

Mr. Burin Kunatippapong, Construction Director (Frasers

Property), Mr. Somkiat Silawatanawong, CEO and Mr.

Pairuch Laoprasert, Chairman of the Executive Board

(Stonehenge Inter Plc.)

# # #

Notes to Editor:

* LEED: Leadership in Energy and Environmental Design (LEED) is a rating system

devised by the United States Green Building Council (USGBC) to evaluate the

environmental performance of a building and encourage market transformation towards

sustainable design.

TCC Assets (Thailand) Company Limited (“TCC Assets”) is an investment holding and

fully integrated real estate company with a registered capital of THB 10 billion.

Incorporated in 2013, it is part of the TCC Group, one of Thailand’s most prominent

conglomerates.

TCC Assets’ investment themes focus on enhancing asset value through insightful

development of products and services. Together with its subsidiaries and affiliated

companies, TCC Assets maintains a portfolio of residential, commercial, and retail

properties, along with hospitality and technology-related services.

For more information on TCC Assets, please visit tccassets.com

Frasers Property Limited ("Frasers Property" or the “Company”), is a multi-national

company that owns, develops and manages a diverse, integrated portfolio of properties.

Listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-

ST") and headquartered in Singapore, the Company is organised around five asset classes

with total assets of S$30 billion (THB 717 billion) as of 31 March 2018.

Frasers Property's assets range from residential, retail, commercial and business parks, to

logistics and industrial in Singapore, Australia, Europe, China and Southeast Asia. Its well-

established hospitality business owns and / or operates serviced apartments and hotels in

over 80 cities across Asia, Australia, Europe, the Middle East and Africa. The Company is

unified by its commitment to deliver enriching and memorable experiences for customers

and stakeholders, leveraging knowledge and capabilities from across markets and property

sectors, to deliver value in its multiple asset classes.

For more information on Frasers Property, please visit frasersproperty.com