Equites

At of the end of Q1/2015, SET Index rose to 1,505.90 points, rising by 0.6% from the end of 2014.

SET’s market capitalization was at USD 427.88, up 1.88 % from end-2014.

Combined average daily trading of SET and mai was USD 1,648 billion, jumping 76.44% from the previous quarter.

In Q1/2015, foreign investors played a more prominent role in securities transaction than in Q4/2014. March was the first month this year that foreign investors were back as net buyers, totaling USD 72 million

Combined net profit in 2014 was USD 21.43 billion, 11.2% lower than in 2013, while non-oil sectors net profit increase 5.7%, which is effected from crude oil price in Resources and Industrials groups. However, combined net profit of USD 6.87 billion during the first quarter of 2015, up 1.89% from a year ago.

In Q1/2015, Transportation & Logistics, Banking, Commerce, Finance & Securities, Property Development as top five best profit-making sectors.

Combined dividend payment performance of SET and mai for 2014 with payment of USD 10.85 billion, representing dividend payout ratio of 54% (excluding property and infrastructure fund), compared to 48% a year earlier.

Fourteen Thai stocks added to MSCI Global Small Cap Indexes, making Thai bourse to have the most additions in the indexes in ASEAN.

Inside this issue:

Market Highlights 2

Fundraising 2

Market Review 3

Key Economic

Indicator

4

Derivatives

In Q1/2015, Derivatives trading volume up 4.35% from Q4/2014 or 45.18% from Q1/2014.

Mainly driven by single stock futures and SET50 index futures.

Key highlights for Q1/2015:

Q1/2015

“SET boost

investment choices

for investors to

ensure efficiency,

effectiveness,

flexibility and

global connectivity.”

Market highlights for Q1/2015

In Quarter 1/2015, listed companies on SET and mai raised funds through equity worth a combined USD 3.18 billion, up 4.3 times from the same period a year before.

In the primary market, USD 2.04 billion was raised from five listed companies on SET, two listed companies on mai, one Leasehold Real Estate Investment Trust and one Infrastructure Fund.

While USD 1.14 billion was raised from the secondary market.

Thailand Futures Exchange PCL (TFEX) with The Agricultural Futures Exchange of Thailand (AFET) have announce merger to drive the futures market development in diversifying products and increasing competitiveness of the Thai capital market.

SET to modify criteria for selection on SET50 and SET100 Index and improve the calculation of its total return index (TRI), which in line with the common practice used internationally.

SET improve a one-year silent period rule for a discount share offering in private placement (PP) and one-fourth of he silent period shares would be allowed for trading six months later.

New foreign listing are available to suit different capital requirement and facilitate market diversify products.

Fundraising

Page 2

“The companies

have been

continuing to list

on both SET

and mai.”

Market Reviews

Page 3

“ SET performance

in line with peers.”

Source: Bloomberg

“ The Thai Stock

market has been

the most liquid

market in ASEAN

for three

consecutive

years .”

Source: WFE

“ SET’s valuation

and dividend yield

are comparable

with regional

peers.”

Source: Bloomberg, SET

Key Economic Indicator

Page 4

“ Thailand’s

economic

recovery is

gaining

momentum.”

In 1Q/2015, the economy grew by 3%, the growth will likely expand at a healthy pace of 3 - 4% in 2015.

Falling oil prices will likely benefit the Thai economy: boosting purchasing power while lowering production and transportation costs.

Financial sector resilience is strengthening. Banks are well-capitalized and asset quality has been stable.

International tourist arrivals and receipts quickly rebounded as political stability returned.

This document was prepared by The Stock Exchange of Thailand in good faith upon sources believed to be reliable but no representation or warranty expressed or implied is made to their accuracy or correctness. The Stock Exchange of Thailand accepts no liability for any direct or consequential loss or damage arising from any use of this document or its contents. All information and opinion expressed here is subject to change without notice. The copyright belongs to The Stock Exchange of Thailand. No part of this document may be published or copied in any form or by any means without the written permission of The Stock Exchange of Thailand.