7. Capital Structure

7.1 Securities issued by the Company

• Debt Securities:

  ---------------------------- ------------------------------------------
  - Type of security:          Unsubordinated, unsecured, and no discount
                               debentures with a name-registered
                               debentures certificate

  - Term to maturity           4 years

  - Value of debentures        4,000 million baht

  - Number of debentures       4 million units

  - Par value per unit:        1,000 baht

  - Offering price per unit:   1,000 baht

  - Issuing date:              June 16,2009

  - Maturity date:             June 16,2013

  - Coupon rate:               4.5% per annum

  - Credit rating              A
  ---------------------------- ------------------------------------------

• Equity Securities:

  ---------------------------- ------------------------------------------
  - Authorized Shares:         280 million ordinary shares with the par
                               value of Baht 10 per share.

  - Issued and Outstanding     230 million ordinary shares.
  Shares:                      
  ---------------------------- ------------------------------------------

• Derivatives: None

7.2 Shareholding and Management Structures

The top 10 major shareholders as of August 17, 2012¹ are the following:

+---+---------------------------------------+-------------+-----------+
| N | Shareholders                          |   Number of | P         |
| o |                                       |             | ercentage |
| . |                                       |   Shares    | (%)²      |
|   |                                       |   Held      |           |
+---+---------------------------------------+-------------+-----------+
| 1 | Sunrise Equity Company Limited        |             | 34.81     |
| . |                                       |  80,065,840 |           |
+---+---------------------------------------+-------------+-----------+
| 2 | Thai Roc-Cem Company Limited          |             | 33.75³    |
| . |                                       |  77,628,433 |           |
+---+---------------------------------------+-------------+-----------+
| 3 | Thai NDVR Co., Ltd.                   |   7,350,613 | 3.20      |
| . |                                       |             |           |
+---+---------------------------------------+-------------+-----------+
| 4 | HOLDERFIN B.V.                        |   7,051,100 | 3.07³     |
| . |                                       |             |           |
+---+---------------------------------------+-------------+-----------+
| 5 | NORTRUST NOMINEES LTD.                |   6,780,241 | 2.95      |
| . |                                       |             |           |
+---+---------------------------------------+-------------+-----------+
| 6 | BNP PARIBAS SECURITIES SERVICES       |   4,128,800 | 1.80      |
| . | LUXEMBOURG                            |             |           |
+---+---------------------------------------+-------------+-----------+
| 7 | Vayupak Mutual Fund                   |   2,438,500 | 1.06      |
| . |                                       |             |           |
|   | by MFC Asset Management Public        |             |           |
|   | Company Limited                       |             |           |
+---+---------------------------------------+-------------+-----------+
| 8 | Vayupak Mutual Fund                   |   2,438,500 | 1.06      |
| . |                                       |             |           |
|   | by Krungthai Asset Management Public  |             |           |
|   | Company Limited                       |             |           |
+---+---------------------------------------+-------------+-----------+
| 9 | Mrs. Sasithorn Ratanarak              |   2,110,628 | 0.92      |
| . |                                       |             |           |
+---+---------------------------------------+-------------+-----------+
| 1 | AMERICAN INTERNATIONAL ASSURANCE      |   1,769,400 | 0.77      |
| 0 | COMPANY, LIMITED-TIGER                |             |           |
| . |                                       |             |           |
+---+---------------------------------------+-------------+-----------+

  Remark:

1.  The record date was scheduled for August 16, 2012, to determine the
    shareholders entitled to dividend, and the shareholders register
    closing date was scheduled for August 17, 2012.

2.  The proportion of the equity interest of each of the top 10 major
    shareholder is based on the total issued and outstanding of 230
    million shares.

3.  On December 21, 2012, Thai Roc-Cem Company Limited and HOLDERFIN
    B.V. sold their shares in the amount of 21,390,000 shares in the
    aggregate, representing 9.3 % of the issued and outstanding capital
    shares of SCCC, to Bangkok Broadcasting and Television Ltd., a
    company of Ratanarak group.

    3.  Dividend Policy and Allocation

  “The Company shall allocate dividend payment at least 60% of net
  profit on its consolidated financial statements. In case of negative
  financial situation, the Board may propose a lower percentage of
  dividend payment as it considers appropriate under such circumstance.”

  Explanation:

  This Dividend Policy was approved by the 17th Annual General Meeting
  of Shareholders, on April 9, 2010, as a general principle. However, in
  proposing dividend for approval of Shareholders, the Company has to
  comply with the laws, i.e., dividend has to be paid from net profit of
  the Company’s separate financial statements. Therefore, if the Company
  does not have sufficient net profit, dividend proposal shall be
  applicable with such situation.

  During 2010-2012, Siam City Cement allocated dividends as follows:

  For fiscal year 2012, total dividend is 13 Baht per share

-   The Board of Directors approved payment of interim dividend on
    August 1, 2012 of 7.00 Baht per share.

-   The Board of Directors proposes the Shareholders to approve payment
    of dividend for the second half of 2012 on April 23, 2013 for 6.00
    Baht per share.

-   Dividend payout THB 2,990 million, 82.2%

  For fiscal year 2011, total dividend is 13 Baht per share

-   The Board of Directors approved payment of interim dividend on
    August 4, 2011 of 7.00 Baht per share.

-   The Shareholders approved payment of dividend for the second half of
    2011 on April 23, 2012 for 6.00 Baht per share.

-   Dividend payout THB 2,990 million, 90.8%

  For fiscal year 2010, total dividend is 11 Baht per share

-   The Board of Directors approved payment of interim dividend on July
    29, 2010 of 6.00 Baht per share.

-   The Shareholders approved payment of dividend for the second half of
    2010 on April 21, 2011 of 5.00 Baht per share.

-   Dividend payout THB 2,530 million, 93.7%