Hemaraj Announces 9M’2013 Industrial Estate Land of 1,978 rai, ahead of 2013 Revised Target.

Bangkok, 8 October 2013 – Hemaraj Land And Development Public Company Limited announced the Industrial Estate Sales of 9M’2013 being 1,978 rai (791 acres or 316 hectares), in which 121 rai (48 acres or 19 hectares) were rental. There were 82 contracts, being 50 new customers and 32 project expansions from existing customers. Of the customers, 52% are Japanese and more than 44% are from the Automotive industry.

For the first 9 months of 2013, Ready Built Factories rental grew to 284,285 square meters, an increase of 48,476 net square meters, exclusive of 11,506 pre-leased square meters with the leases commencing in 2013, or 21% in total from the Year 2012 cumulative balance. Hemaraj Logistics Parks rental increased by 55,325 square meters.

Industrial Estate Utilities demand increased 6% by volume from the average prior year.

David Nardone, President and CEO of Hemaraj And Development, noted “Hemaraj finished the 9 months of 2013 with a solid industrial estate land sales of 1,978 rai and 82 contracts, being ahead of our revised 2013 land sales target of 2,100 rai. We also increased our gross industrial estate land bank by 3,082 rai and industrial estate approximate sellable area by 2,378 rai from the June 2013 quarter. Thailand continues to be attractive for relocation and growth due to reasonable costs, good