No.	Name	No. of Shares	% of Total Shares
1.	Ministry of Finance	14,598,855,750	51.11
2.	Vayupak Fund 1 by MFC Asset Management Plc	1,736,895,500	6.08
3.	Vayupak Fund 1 by Krung Thai Asset Management Plc	1,736,895,500	6.08
4.	Thai NVDR Co., Ltd.	1,462,447,998	5.12
5.	SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED	572,602,103	2.00
6.	Social Security Office	538,355,200	1.88
7.	STATE STREET EUROPE LIMITED	387,927,495	1.36
8.	ชุมนุมสหกรณ์ออมทรัพย์แห่งประเทศไทย จำกัด	366,396,500	1.28
9.	GIC PRIVATE LIMITED	218,951,400	0.77
10.	THE BANK OF NEW YORK (NOMINEES) LIMITED	193,355,400	0.68
11.	EGAT SAVING AND CREDIT COOPERATIVE LIMITED	183,871,800	0.64

Note:

1. Number 5 and 10 were nominee accounts. PTT’s investigation at Thailand Securities Depository Co., Ltd. (TSD), found that the ultimate shareholder’s names could not be disclosed. However, the Ministry of Finance remained the sole majority shareholder on behalf of the State, which in part dictated PTT’s management policy. The ministry nominated directors to the Board for approval by the shareholders. Other substantial shareholders, including Number 5 and 10, exercised no influence over PTT’s management policy formulation, including director nomination.

2. Shareholders of Thai NVDR Co., Ltd., who held non-voting depository receipts (NVDR) in Number 2, were ineligible for voting at shareholders’ meetings except when exercising their voting rights on delisting the shares from SET.