Part I
1.	Date of notice to issuer	16/11/2011
2.	Name of Substantial Shareholder	Maxtop Management Corp.
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 Interest	15/11/2011
2.	The change in the percentage level	From 17.05 % To 17.07 %
3.	Circumstance(s) giving rise to the interest or change in interest	Open Market Purchase Before changing, Maxtop Management Corp. ("Maxtop") has 17.05% direct interest in Thai Beverage Public Company Limited ("THBEV"). On 15/11/2011, Maxtop purchased 4,500,000 THBEV shares from open market at SGD 0.26031 per share, resulting in its direct interest in THBEV increasing to 17.07%. 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 4,281,436,762 0 As a percentage of issued share capital 17.05 % 0 % No. of shares held after the change 4,285,936,762 0 As a percentage of issued share capital 17.07 % 0 %