S Hotels & Resorts (SHR) Announces New 2-Year, 9-Month Debenture Offering with an Indicative Coupon Range of [4.40% – 4.60%] per Annum, with Subscription Expected from 14–16 September 2026.

The offering provides investors with an opportunity to invest in a leading international hospitality company supported by Strong Fundamentals and Long-Term Growth Prospects, Building on the Successful Debenture Issuances of Its Parent Company, Singha Estate.

Bangkok, 20 July 2026 –S Hotels & Resorts Public Company Limited (SHR), a leading international hotel and resort management company under Singha Estate PCL (S),is preparing to offer a new series of debentures to the public. The Company has filed a registration statement and draft prospectus with the Office of the Securities and Exchange Commission (SEC) for the offering of registered, unsubordinated and unsecured debentures with a bondholders' representative.

The proposed debentures will have a tenor of 2 years and 9 months and are expected to offer an indicative coupon range of [4.40% - 4.60%] per annum, payable quarterly. The final coupon rate will be determined based on prevailing market conditions and announced prior to the subscription period. The minimum subscription amount is THB 100,000, with additional subscriptions in multiples of THB 100,000. The subscription period is expected to take place from 14–16 September 2026, subject to the effectiveness of the registration statement and draft prospectus filed with the Office of the Securities and Exchange Commission (SEC). SHR has appointed Krungthai Bank, Kasikornbank, Asia Plus Securities Company Limited, Krungthai XSpring Securities Company Limited, and Land and Houses Securities Public Company Limited as joint lead arrangers for the issuance and offering of the debentures.

The debentures have been assigned a credit rating of "BBB-", classified as Investment Grade, by TRIS Rating Co., Ltd. on 8 July 2026. The Company's corporate credit rating remains at "BBB" with a "Stable" outlook. According to TRIS Rating, the ratings reflect its expectation that SHR's operating performance will continue to improve, supported by the progressive contribution from the Company's asset enhancement initiatives. These projects are expected to strengthen the Company's revenue-generating capacity, support higher average room rates, and enhance profitability, reinforcing the long-term resilience and sustainability of its business.

Mr. Michael Marshall, CEO of S Hotels & Resorts, stated that "This debenture offering represents another important milestone in strengthening the Company's financial position. The proceeds will be used primarily to refinance maturing debentures, as well as to support investments in major renovation projects across the Group's hotel portfolio aimed at enhancing asset quality, strengthening competitiveness, and supporting the Company's long-term growth strategy. Our first-quarter 2026 performance clearly demonstrates SHR's operational strength and resilience. The Company generated total hotel and hospitality revenue of THB 2,634 million and net profit of THB 264 million, representing a 51% year-on-year increase. These results underscore our ability to consistently drive sustainable growth while enhancing profitability.

Despite ongoing global economic uncertainty, SHR has continued to demonstrate its resilience through disciplined portfolio management and the progressive contribution from its asset enhancement, which have strengthened our revenue -generating capabilities and profitability. Combined with agile commercial strategies, a well-diversified customer base, and prudent cost management, these efforts continue to reinforce our long-term competitiveness and growth potential.

We remain confident that our strong business fundamentals, together with our strategy of delivering quality growth, will continue to reinforce investor confidence and support the Company's sustainable long-term success."

The joint lead arrangers further noted that SHR's debentures represent another attractive investment alternative for investors seeking investment-grade corporate bonds issued by a hospitality company with a diversified portfolio and strong long-term growth prospects. SHR is also one of the flagship companies within the Singha Estate Group, whose previous debenture offerings received a strong response from investors.

The SHR debentures are expected to be available for subscription from 14–16 September 2026 through the following five financial institutions nationwide:

• Krung Thai Bank Public Company Limited – Tel. +66 2 111 1111. Individual investors may subscribe online via Money Connect by Krungthai through the Krungthai NEXT application.
• Kasikornbank Public Company Limited, through Kasikorn Securities Public Company Limited, acting as the selling agent of Kasikornbank – Tel. +66 2 796 0011.
• Asia Plus Securities Company Limited – Tel. +66 2 680 4004.
• Krungthai XSpring Securities Company Limited – Tel. +66 2 695 5555.
• Land and Houses Securities Public Company Limited – Tel. +66 2 055 5100.

The registration statement and draft prospectus are currently under review by the SEC and have not yet become effective. Interested investors are advised to review the details of the draft prospectus and related information available on the SEC's website at www.sec.or.th.

Risk Warning: Investment in debentures involves risks. Investors should carefully study and understand the characteristics of the investment, the terms of return, and the associated risks before making any investment decision.

####

About S Hotels and Resorts Public Company Limited (SET:SHR)

S Hotels and Resorts Public Company Limited, the hospitality arm of Singha Estate Public Company Limited, is a fast-growing hotel investment and management companies in the region, with a portfolio of world-class hotels and resorts across Thailand and international destinations. Leveraging its expertise in the management and investment of high-quality hospitality assets in renowned tourism destinations worldwide. SHR operates through its proprietary SAii brand and strategic partnerships with leading global hotel brands that benefit from strong distribution platforms and established market presence. The Company currently owns and operates a portfolio of 33 hotels and resorts with a total of 4,035 keys across key tourism destinations that attract travellers from around the world. Backed by the strength and strategic direction of its parent company, Singha Estate, SHR remains committed to a diversified investment approach and sustainable growth as the cornerstone of its business strategy. Reflecting this commitment, six properties in Thailand and the Maldives, together with The Marina at CROSSROADS Maldives, have been awarded the internationally recognized Green Globe certification, underscoring the Company’s dedication to sustainability and reinforcing confidence among investors and guests alike. To learn more, please visit www.shotelsresorts.com or follow us on Facebook, Instagram, Youtube, or LinkedIn. 

About Singha Estate Public Company Limited (SET:S)

Singha Estate Public Company Limited is an international real estate developer and investment company committed to building a diversified portfolio of businesses and developing projects and services that create memorable experiences and enhance quality of life. Guided by its commitment to sustainable growth, the Company strives to deliver long-term value to all stakeholders while upholding social responsibility and good corporate governance under its vision of “Entrusted and Value Enricher” For more information: https://investor.singhaestate.co.th/th/home