BTS Group Holdings Public Company Limited (the "Company") would like to inform that the Company and CITIC Construction Co., Ltd. (an affiliate of CITIC Group Corporation) ("CITIC") have jointly formed a consortium ("BTS-CITIC Consortium") to enter into the bidding for the concession to operate the Beijing Subway Line 16 Franchise Project for a 30-year operation period. Today (February 7, 2014), BTS-CITIC Consortium already submitted the tender proposal and the bidding documents. Beijing Subway Line 16 is a new subway line in western Beijing, having a north-south route from Beianhe to Wanping, totaling 29 stations, with a combined track length of 50 km. This line is expected to commence operations in 2018. This project is a public-private partnership (PPP) investment scheme. The winning bidder is required to invest approximately RMB 15 billion in the Electrical and Mechanical System (such as rolling stocks, signaling system, automatic fare collection system, and tools and equipment for maintenance) and to manage, operate and provide the maintenance service to the system for a 30-year period. In return, the concessionaire will receive the consideration in 3 parts, i.e. farebox revenue, state subsidy and non-farebox revenue. The civil works (such as subway tunnel, stations and Depot) will be invested and constructed by the state itself. The BTS-CITIC Consortium is one of three groups invited by Beijing Infrastructure Investment Co., Ltd. ("BII"), a Chinese state-owned company, which is assigned by Beijing Municipal Commission of Transport to take charge of the project bidding. The other 2 groups invited by BII are (i) Beijing Mass Transit Railway Operation Corporation Limited (a Chinese state-owned company), the operator of the majority of Beijing subway lines and (ii) Beijing MTR Corporation Limited (a joint venture of Beijing Capital Group Co., Ltd., a Chinese state-owned company and MTR Corporation, a subway operator in Hong Kong), which currently operates other 2 Beijing subway lines. The Board of Directors jointly with the Management of the Company have considered this project and viewed that this is a good opportunity for BTS Group to expand its rail mass transit business to the region. BTS Group has a readiness for this project, not only from its strong background and experience in rail mass transit business, but also from its liquidity and financial strength resulting from its success in the establishment of the BTS Rail Mass Transit Growth Infrastructure Fund (BTSGIF) in April 2013. In addition, the Company also receives a collaboration from CITIC, the consortium partner, who is armed with business strength. CITIC is a large infrastructure construction and engineering multinational company, an affiliate of CITIC Group Corporation, a Chinese state-owned company. CITIC Group Corporation operates in full range of worldwide business, e.g. banking and finance, insurance, fund management, real estate, engineering, energy, machinery manufacturing and IT industry, etc. Thus, both the Company and CITIC have formed the BTS-CITIC Consortium and entered into the bidding of this project. If BTS-CITIC Consortium wins the bid and is selected for this project, the Company and CITIC will further establish a joint venture company to operate the project. The Company expects that BII will complete the consideration of the tender proposal and bidding documents and will be able to announce the bidding results within a timeframe of approximately 3 months. The Company will follow up for the progress and inform you of the bidding resulting accordingly. ______________________________________________________________________ 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.