ThaiBev Strengthens Sustainable Finance Strategy with Krungsri through THB6.5 Billion Sustainability-Linked Loan

• Marks ThaiBev’s third consecutive Sustainability-Linked Loan with Krungsri, reinforcing its commitment to "Enabling Sustainable Growth"
• Further integrates ESG into ThaiBev's financing strategy through Sustainability Performance Targets aligned with its SBTi-validated decarbonization pathway

BANGKOK – 15 July 2026 – Thai Beverage Public Company Limited (“ThaiBev” or the “Company”), leading beverage company in Southeast Asia and the largest in Thailand, continues to embed sustainability into its capital strategy through a THB6.5 billion Sustainability-Linked Loan (“SLL”) from Bank of Ayudhya Public Company Limited (“Krungsri”), with Krungsri and MUFG acted as the Joint Sustainability Structuring Advisors.

This latest transaction marks the third consecutive SLL between ThaiBev and Krungsri, building on the Company’s inaugural THB10 billion SLL in 2024 and a subsequent THB5 billion facility in 2025. It reflects the ThaiBev’s continued commitment to integrating sustainability into its capital strategy while further strengthening its partnership with Krungsri in advancing sustainable finance.

The third SLL directly links financing costs to ThaiBev’s performance against clearly defined Sustainability Performance Targets (“SPTs”), with loan margins adjusted based on the achievement of those targets. The SPTs include reducing Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 42% by 2030 from a 2023 baseline, and increasing renewable energy consumption to 50% of total energy usage by 2030.

Established under the Company's Sustainability-Linked Finance Framework, the SPTs are aligned with ThaiBev's Science Based Targets initiative (“SBTi”) validated decarbonization pathway, reinforcing the credibility of the Company's sustainability commitments and underscoring its science-based approach to climate action.

To provide independent validation of its Sustainability-Linked Finance Framework, ThaiBev appointed Morningstar Sustainalytics to issue a Second-Party Opinion. The assessment confirmed that the Framework is aligned with the Sustainability-Linked Loan Principles (SLLPs) and that the Company's Key Performance Indicators (KPIs) and SPTs are relevant, material, and impactful within the context of its overall ESG strategy.

Tongjai Thanachanan, Executive Vice President, Chief of Sustainability and Strategy of ThaiBev said: “This third SLL marks another important step in embedding sustainability into ThaiBev's capital strategy, supporting our long-term business growth as we forge ahead in pursuit of 'Enabling Sustainable Growth'. Aligning our SPTs with our SBTi-validated decarbonization pathway reflects our commitment to integrating ESG across our value chain. As we expand the SLL program, we are focused on delivering measurable environmental progress while strengthening business resilience and creating lasting value for all stakeholders.”

Prakob Phiencharoen, Head of Corporate and Investment Banking Group of Bank of Ayudhya Public Company Limited said: “Krungsri is proud to continue supporting ThaiBev on its sustainability journey as a trusted partner. This third SLL reflects our shared commitment to advancing sustainable finance, while reaffirming Krungsri’s role in delivering concrete sustainable financing solutions that help clients integrate ESG into their business strategies and navigate evolving sustainability challenges. By combining our expertise with the strength of MUFG’s network, we are committed to helping our clients achieve long-term growth while creating sustainable value for their businesses and the broader economy.”