Part I
1.	Date of notice to issuer	13/12/2011
2.	Name of Substantial Shareholder	MM Group Limited
3.	Notice Type	Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1.	Date of change of Deemed Interest	12/12/2011
2.	The change in the percentage level	From 20.47 % To 20.49 %
3.	Circumstance(s) giving rise to the interest or change in interest	Open Market Purchase Before changing, MM Group Limited has deemed interest 20.47% in Thai Beverage Public Company Limited ("THBEV") through Risen Mark Enterprise Limited, Golden Capital (Singapore) Limited ("GC") and Maxtop Management Corp. which hold 3.32%, 0.06% and 17.09% in THBEV respectively. On 12/12/2011, Maxtop purchased 4,506,000 THBEV shares from open market, resulting MM Group Limited deemed interest in THBEV rising to 20.49%. Mr. Charoen Sirivadhanabhakdi and Khunying Wanna Sirivadhanabhakdi have deemed interests in THBEV through MM Group Limited through Maxtop.
4.	A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:	The change in the percentage level is the result of a transaction described above.
Part IV
1.	Holdings of Substantial Shareholder, including direct and deemed interest :
	Direct Deemed No. of shares held before the change 0 5,142,121,762 As a percentage of issued share capital 0 % 20.47 % No. of shares held after the change 0 5,146,627,762 As a percentage of issued share capital 0 % 20.49 %