Energy Absolute Public Company Limited (EA) will convene the Bondholders’ Meeting No. 2/2025 for 14 bond series on 27 June 2025 at 14.00 hours in a hybrid format, to be held at the Office Building of Next Point Public Company Limited (Grand Ballroom, 1st floor, No. 999/999, Moo 4, Ban Chalong Subdistrict, Bang Phi District, Samut Prakan province) and via electronic media. The meeting has been rescheduled from 20 June 2025, due to technical issues in quorum counting. Kiatnakin Phatra Bank PCL and Siam Commercial Bank PCL, as the bondholder representatives, jointly agreed with the company to cancel the previous meeting.

For this bondholders’ meeting, the company will separately count quorum according to bond series issued simultaneously under the same terms and conditions, dividing them into seven groups. However, votes from all bondholders attending and voting will be counted together for Agenda Items 2 through 4, if each bondholder group approves the exemption for counting votes jointly in Agenda Item 1. The matters for consideration are as follows:
          (1) Granting an exemption for counting votes jointly from all bond series with voting attendance (applicable only to the bond series meeting the quorum requirement), with immediate effect for Agenda Items 2 through 4 of the Bondholders’ Meeting No.2/2025, including quorum counting by bond groups;
          (2) Granting an exemption for the bond issuer’s non-compliance with the terms and conditions for not closing the bondholder register for convening the bondholders’ meeting and for calling the bondholders’ meeting less than seven days before the meeting date;
          (3) Extending the maturity periods of all 14 bond series by seven years, with interest rate increase of 0.50 percent per year throughout the extended periods, and providing for principal repayment in seven annual installments, with the final installment payable on or before the extended maturity dates, as follows:
          Installments 1-6: 10 percent of the principal value at bond issuance dates;
          Installment 7: 40 percent of the principal value at bond issuance date.                   
          Additionally, the bond issuer may redeem all or part of the bonds before the maturity dates during the extended period.
          (4) Granting an exemption from an event of default under the terms and conditions for the bond issuer’s proposal to the bondholders’ meeting for all 14 bond series to restructure bond debt repayment by extending the maturity dates, granting of call option rights, adjusting interest rates, and partial principal repayment, which constitutes a form of debt payment indulgence for the bond issuer (applicable only to 11 bond series: EA257A, EA259A, EA261A, EA269A, EA279A, EA281A, EA289A, EA299A, EA301A, EA329A and EA331A).    

The SEC requires that the bondholders’ representatives analyze the benefits and shortcomings as well as the potential impacts on the bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons and the opinions of the bondholders’ representatives. The bondholders are, therefore, encouraged to thoroughly review the information and exercise their rights to protect their own interests. They should also make necessary inquiries to the bondholders’ representatives to obtain comprehensive information before making a voting decision at the bondholders’ meeting. 

Remarks:
(1) Kiatnakin Phatra Bank Public Company Limited serves as the bondholders’ representative for 11 bond series, as follows:  
          - EA257A series, to be due on 10 July 2025
          - EA259A series, to be due on 8 September 2025
          - EA261A series, to be due on 20 January 2026
          - EA279A series, to be due on 8 September 2027
          - EA281A series, to be due on 20 January 2028
          - EA297A series, to be due on 11 July 2029
          - EA298A series, to be due on 15 August 2029
          - EA299A series, to be due on 8 September 2029
          - EA301A series, to be due on 20 January 2030
          - EA329A series, to be due on 8 September 2032
          - EA331A series, to be due on 20 January 2033

(2) Siam Commercial Bank Public Company Limited is the bondholders’ representative for two bond series, as follows:
          - EA269A series, to be due on 29 September 2026
          - EA289A series, to be due on 29 September 2028

(3)  There is no bondholders’ representative for one series (offered for sale to institutional investors), as follows:
          - EA26OA series, to be due on 16 October 2026