Bangkok Mass Transit System Public Company Limited ("BTSC"), a 96.44% direct subsidiary of BTS Group Holdings Public Company Limited (the "Company"), disposed of its entire investment in Kamala Beach Resort & Hotel Management Co., Ltd. ("Kamala Co."), a 100% direct subsidiary of BTSC. Consequently Kamala Co. ceased to be a subsidiary of the Company. Today (September 12, 2012), BTSC completed the disposal of the investment in all shares of Kamala Co., a subsidiary which is the owner of approximately 455 rai of land at Kamala beach, Krathu, Phuket, a non core property, to a Thai company which is not a connected person. The disposal of investment in Kamala Co. was in accordance with the terms and conditions of the shares sale and purchase agreement dated June 12, 2012. The book value of the investment in Kamala Co. is Baht 1,241.13 million and BTSC received Baht 1,643.04 million total consideration from this disposal. After the disposal of investment in Kamala Co., BTSC is not holding any shares of Kamala Co. and Kamala Co. ceased to be a subsidiary of the Company. ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.