Company PresentationAugust 2011

Oaks AuroraBrisbane, Australia

2

AGENDA2Q11 & 1H11 Results Review

Business Updates & Outlook

Oaks Hotels & Resorts

Oaks Broome

Appendix

3

2Q11 & 1H11 Results Review

The Pizza Company opened its first outlet in Vietnam in 2Q11

4

2Q11 & 1H11 Results1H11 REVENUE INCREASE OF 38%

5,326

4,0554,412

5,296

THB million

+55% YoY

6,686

MINT REPORTED 1H11 REVENUE INCREASE OF 38% YoY, ATTRIBUTABLE TO GROWTH IN ALL EXISTING BUSINESSES, AS WELL AS ADDITIONAL REVENUE SOURCES FROM NEW INITIATIVES OF THE HOTEL AND MIXED USE BUSINESS

1H11 revenue increased by 38% YoY, as a result of:

Recovery of hotel business, partly supported by the improvement in the tourism industry;

Recognition of sales of real estates including St. Regis residential units and Anantara Vacation Club;

Consolidation of Oaks Hotels & Resorts, Australia;

Strong growth of restaurant business;

Strong growth of retail trading business and resumption of contract manufacturing orders

6,271

9,381

12,957

+38% YoY

THB million

5

1H11 EBITDA INCREASE OF 37%

1H11 EBITDA INCREASED BY 37% YoY PRIMARILY PROPELLED BY THE NEW INITIATIVES OF HOTEL AND MIXED-USE BUSINESS, WHILE EBITDA MARGIN REMAINED STABLE OWING MAINLY TO EXPENSES OF TWO NEW HOTELS AND ANANTARA VACATION CLUB

1H11 EBITDA increased by 37% YoY, as a result of:

New sources of EBITDA from new initiatives of hotels’ mixed use business (i.e. St. Regis Residences) and Oaks helped increase the hotel EBITDA despite increased expenses from two new hotels, AnantaraKihavah and St. Regis Hotel;

Stable growth of the restaurant business

EBITDA of retail trading business almost doubled as a result of higher operating efficiency of retail trading business

THB million

22.5%EBITDA Margin

23.8% 15.2% 15.6% 19.9%

1,270

617690

1,056

1,506

1,072

+74% YoY

+37% YoY

1,887

2,578

EBITDA Margin

20.1% 19.9%

17.1%

THB million

2Q11 & 1H11 Results

6

1H11 NET PROFIT INCREASE OF 63%

THB Million

1H11 NET PROFIT ROSE 63% YoY, WHILE NET PROFIT MARGIN ALSO EXPANDED TO 8.5%, AS PERFORMANCE OF ALL THREE BUSINESS UNITS IMPROVED, TOGETHER WITH CONTRIBUTION FROM NEW INITIATIVES UNDER THE MIXED USE BUSINESS

1H11 net profit increased by 63% YoY, as a result of:

Improvement in hotel and mixed use net profit primarily as a result of the sale of St. Regis Residences, despite higher expenses of the two newly opened hotels

Steady improvement in restaurant net profit of 19%

Net profit of retail trading and contract manufacturing business more than doubled in 1H11

599

79126

432

823

12.3%11.2% 1.9% 2.9% 8.2%Net Margin

279

4.5%

+254% YoY

+63% YoY

678

1,102

Net Margin 7.2% 8.5%

THB Million

2Q11 & 1H11 Results

7

Business Updates & Outlook

Anantara Mui Ne, Vietnam

8

FINANCIAL PERFORMANCE – HOTEL & MIXED USE Hotel Updates

Revenue

EBITDA

NPAT

EBITDA Margin

NetMargin

1Q111Q10 2Q10 3Q10 4Q10

THB Million

40.8% 20.2% 24.4% 29.8% 33.8%

20.9% -4.8% -2.0% 11.7% 20.0%

1H11 REVENUE AND PROFIT FROM THE HOTEL & MIXED-USE BUSINESS EXHIBITED IMPRESSIVE GROWTH OF 92% AND 94% YoY WITH STABLE NET MARGIN. STRIPPING OUT THE TWO NEW HOTELS AND ANANTARA VACATION CLUB, WHICH ARE STILL AT THEIR INITIAL STAGES, NET MARGIN WOULD HAVE IMPROVED

22.1%

3.1%

2Q11 1H10 1H11

33.6% 28.2%

11.8% 11.9%

Successfully acquired 100% of Oaks, with the consolidation of Oaks’ performance since June 2011;

Recognition of real estate business, both St. Regis Residences and AnantaraVacation Club;

Opened two hotels in 2Q11: equity-owned St. Regis Hotel Bangkok and Anantara Mui Ne under management contract;

Hotel business continued to see recovery as evidenced by improvement in organic occupancy;

Three Maldives hotels (Anantara Veli, Anantara Dhiguand Naladhu) continued to report significant improvement in 2Q11

Key Highlights

9

MINT SUCCESSFULLY ACQUIRED 100% OF OAKS BY THE END OF JULY, AFTER 5 MONTHS PROCESS OF SHARES SOLICITATION AND TENDER OFFER. CONTRIBUTION FROM OAKS IS BECOMING SIGNIFICANT, EVEN WITH ONLY ONE MONTH OF OAKS’ OPERATIONS IN 2Q11

OAKS’ ACQUISITION & CONSOLIDATION Oaks

AUD million

9.1 3.0

55.7

12.14.6 84.5

Internal Cash

Debt

AUD 0.35Price per share AUD 0.52

1Q11 Financials 2Q11 Financials

One-Month Contribution from Oaks

THB million

550

114

One-time transaction

From operations

MINT starts to consolidate Oaks in June 2011;

Oaks’ one-month revenues from operation account for 5.5% of MINT’s 2Q11 total revenues;

MINT recorded one-time fair value adjustment of Bt 203 in 1Q11 from adjusting the first 20% investment from AUD 0.35 per share to AUD 0.52 per share; after netting off the transaction expenses, the one-time net profit from the transaction is Bt 89 million

10

2011F CAPEX IS EXPECTED TO BE OVER THB 6 MILLION BECAUSE OF OAKS’ ACQUISITION AND THE COMPLETION OF ST. REGIS AND ANANTARA KIHAVAH. DEBT TO EQUITY RATIO HAS INCREASED TO 1.3X AS AT END OF 2Q11 BUT IS EXPECTED TO COME DOWN IN 12-18 MONTHS

CAPEX & BALANCE SHEET AFTER OAKS’ ACQUISITION Oaks

on committed CAPEX

Additional CAPEX (non-committed average per annum) for New Opportunity/Acquisition(s)

THB million X

Revised CAPEX including Oaks Leverage Ratio

X

11

RESIDENTIAL PROPERTY DEVELOPMENT Residential

Sold pending transfer

Potential; deposit

collected

Inventory

2011F

Inventory Inventory

Sold 50%

Inventory 50%

Sold 38%

Inventory 62%

Anantara Vacation Club

SALES OF ST. REGIS RESIDENTIAL UNITS WAS ONE OF THE MAJOR REVENUE CONTRIBUTORS FOR THE HOTEL & MIXED USE BUSINESS IN 1H11. BOTH ST. REGIS RESIDENCES AND THE ESTATES SAMUI WILL HAVE INVENTORIES AVAILABLE FOR SALE OVER THE NEXT FEW YEARS. REVENUES FROM ANANTARA VACATION CLUB WILL BE SIGNIFICANT CONTRIBUTOR GOING FORWARD WHEN INVENTORY OF THE RESIDENTIAL UNITS ARE SOLD OUT

3%

19%

8%

8%

7%

To date, 30% of the total sellable area has been recognized

ANANTARA VACATION CLUBAnantara

Vacation Club

LAUNCHED IN DEC 2010, ANANTARA VACATION CLUB STARTED TO CONTRIBUTE TO REVENUES OF THE HOTEL & MIXED USE BUSINESS SINCE 1Q11. THE SALES HAS EXCEEDED MINT’S INTERNAL TARGET. MINT EXPECTS SELLING MOMENTUM TO ACCELERATE OVER THE NEXT 2 YEARS

Singapore 27%

China8%

Malaysia8%

Hong Kong7%

Australia6%

Germany4%

UAE4%

UK4%

Others32%

AVC Members

12

Anantara Vacation Club is in the process of accumulating its own purpose-built properties:

Samui (Inventory of 16 million points)

The 20 units of exclusive suites and villas have been completed in Dec 2010 and are now available

Phuket (Inventory of 76 million points)

Two villas at Anantara Phuket Resort & Spa have been rented as immediate inventory

30 rai of land has been purchased to build 100 units of Anantara Vacation Club properties, to be available by the end of 2012

Other destinations, which are being actively pursued, include Bangkok and Bali

As at 30 June 2011, over USD 6 million of AVC have been sold, with Asians currently the biggest market

* As at July 2011

13

MINT’S HOTEL STATISTICS SAW GRADUAL IMPROVEMENT SINCE ITS ALL-TIME-LOW IN 2Q10. EXCLUDING NEW HOTELS OPENED, ORGANIC OCCUPANCY OF EXISTING HOTELS SAW AN IMPROVEMENT TO 52% YoY

MINT’S HOTEL STATISTICS Hotel Outlook

THB

RevparADR % Occupancy

No of Rooms

Overall Occupancy

Organic OccupancyNo of hotel rooms

+436 rooms Anantara Sathorn+44 rooms Anantara Rasananda+78 rooms Anantara Kihavah

* Note: No of rooms exclude Elewana, Serendib and Kani Lanka rooms

+227 rooms St. Regis Hotel+89 rooms Anantara Mui Ne

14

MINT CONTINUES TO SEE IMPROVEMENTS ACROSS ALL OF ITS FEEDER MARKETS, WITH A 26% YoY INCREASE IN 1H11 OVERALL ROOMNIGHTS COMPARED TO INCREASE IN THAILAND’S TOURIST ARRIVALS OF 28% YoY

MINT’S FEEDER MARKETS Performance ofExisting Hotels

Number of Room Nights China +123%

Hong Kong +61%Japan +35%Korea +35%

28%

59%

6%

22%

31%30%

60%

27%

India +41%

UAE +53%

MINT’s 1H11 Feeder Markets Thailand’s Top 5 Feeder MarketsNumber of

Tourists

68%

21%35%

34% 51%

MINT’s 1H11 Feeder Markets

* Despite earthquake and Tsunami in March 2011

UK +12%Russia+20%

Australia +28%

* Note: MINT’s feeder market excludes Oaks’

15

THAILAND HAS BEEN RESILIENT TO SEVERAL GLOBAL CRISIS OVER THE YEARS, AS EVIDENCED BY THE INCREASED EUROPEAN ARRIVALS. THAILAND HOTEL RATES REMAIN COMPETITIVE COMPARED TO THE REGION

EUROPE & US TOURISTS Hotel Outlook

* Note: Rate of one night at Four Seasons on Sept 1, 2011 for a standard room

Number of Tourists

USD / Night

Dot com bubble

911 SARS Tsunami London bomb

Bangkok Coup

Bird Flu

Airport Closure

Pattaya Riot

Ratchprasong Riot

Financial Crisis

Number of tourists from Europe still held up

during the crisis

Thailand hotel rates remain competitive in

the region

16

EXPANSION INTO MARKETS INSIDE AND OUTSIDE THAILAND HAS BEEN ON TRACK & SHOULD CONTRIBUTE WELL TO REVENUE & PROFIT IN COMING QUARTERS

MINT’S HOTEL EXPANSION PLANS Hotel Expansion

Investment Hotel

2012

• Anantara Kihavah, Maldives - 78 Rooms (Opened)• St. Regis Hotel, Bangkok - 227 Rooms (Opened)

8 Hotels / 594 Rooms

• Anantara Pa-Ngan - 44 Rooms (Opened)• Anantara Mui Ne, Vietnam - 89 Rooms (Opened)• Anantara Flamingo Villas, UAE - 30 Rooms

• Anantara Savannah Villas, UAE - 30 Rooms• Anantara Xishuangbanna, China - 103 Rooms• Anantara Uluwatu, Bali - 77 Rooms

• Eastern Mangroves by Anantara, UAE – 223 rooms• Anantara Blue City, Oman - 122 Rooms• Anantara Sanya, China - 122 Rooms• Anantara Chongqing, China - 150 Rooms• Anantara E-Mei, Chengdu, China - 150 Rooms• Anantara Mahabalipuram, India - 130 Rooms• Anantara Luang Prabang, Laos – 121 rooms

• Anantara La Cambuse, Mauritius - 215 Rooms• Anantara Wayanad, India - 95 Rooms

• Anantara Udaipur, India - 80 Rooms• Anantara Al Baleed, Oman - 136 Rooms• Anantara Al Akhdar, Oman – 134 Rooms

• Anantara Qiandao Lake, China – 104 rooms

55 Hotels & Properties / 7,248 Rooms

Management Contract

2011

2013

Total

• Masai Mara Camp, Kenya - 16 Rooms• Amboseli Camp, Kenya - 16 Rooms

• Anantara Sri Lanka - 125 Rooms• Serengeti Migration Camp Explorer, Tanzania -

20 Rooms• Meru, Kenya - 16 Rooms

• Australia, 31 properties – 4,509 rooms• New Zealand, 4 properties - 419 rooms• Dubai, 1 property - 165 rooms

• Grand Hotel, Gladstone Australia – 96 rooms

17

1H11 REVENUE AND PROFIT FROM THE RESTAURANT BUSINESS EXHIBITED STRONG GROWTH OF OVER 11% WITH SLIGHT IMPROVEMENT IN NET MARGIN YoY

FINANCIAL PERFORMANCE - RESTAURANT

Revenue

EBITDA

NPAT

EBITDA Margin

NetMargin

1Q111Q10 2Q10 3Q10 4Q10

THB million

17.0% 15.8% 14.1% 16.6% 15.8%

7.1% 5.2% 5.6% 7.0% 7.2%

Key Highlights

All brands recorded strong and positive same store sales growth in 2Q11, from increase in both revenue per customer and number of customers;

Together with outlet expansion, total system sales was as high as 17% in 2Q11;

1H11 share of profit from The Coffee Club increased by 60% on the back of strong comparable sales growth and continued outlet expansion through franchise model;

The Food Group continued its international expansion with the opening of its first franchised The Pizza Company outlet in Vietnam

Restaurant Update

15.1%

2Q11

6.1%

16.4% 15.5%

6.2% 6.7%

1H10 1H11

18

RESTAURANT SAME STORE SALES GROWTH MOMENTUM SAW EVEN STRONGER IMPROVEMENT IN 2Q11 , OWING TO STRONG DOMESTIC DEMAND AND MINT’S SUCCESSFUL PROMOTIONAL EFFORTS. TOTAL SYSTEM SALES GROWTH WAS ALSO PROPELED BY CONTINUED OUTLET EXPANSION

MINT’S RESTAURANT STATISTICS

Same Store Sales Growth Total System Sales Growth

1,117 1,123 1,133 1,148No. ofOutlets

18

1,157

34%

66%

34%

66%

49%

51%

2010 1Q11 2015F

1,148 1,157

2,188

Restaurant Outlets Breakdown by Geography

40%

60%

41%

59%

63%

37%

1,148 1,157

2,188

Restaurant Outlets Breakdown by Ownership

International

Thailand

Franchised

Owned

Restaurant Update

1,169

2Q11

33%

67%

1,169

2010 1Q11 2015F2Q11

42%

58%

1,169

19

2Q11 FOOD AND PAPER COSTS AS A PERCENTAGE OF SALES HAS COME DOWN TO ITS LOWEST LEVEL IN SEVERAL YEARS AS A RESULT OF CONTINUED EFFECTIVE COST MANAGEMENT PROGRAM

EFFECTIVE MANAGEMENT OF FOOD COSTS

% of Food & Paper Costs to Sales

Fixed Long-Term Contract

Prices

Menu-Mix Re-Engineering

Supply Chain Management

Maximization of FTA Benefit

Pro-Active Inventory

Management

Strategy

Restaurant Update

Note: Food and paper costs as a percentage of sales rose in first quarter of every year as a result of “Buy-one-get-one-free” promotional campaign launched in March of every year to celebrate the anniversary of The Pizza Company

20

CONSISTENT MARKETING STRATEGIES RESULT IN IMPROVEMENTS IN SAME STORE SALES AND TOTAL SYSTEM SALES GROWTHS OVER THE YEARS

MARKETING INITATIVES OF KEY BRANDS Restaurant Update

Italian Inspired Concept

New Brand Ambassador

• Boost online ordering• Mobile order application

Emphasis on Quality Emphasis on Promotions & Advertisements

Summer Paradise Trip

• Focus on the premium quality

• Increase in frequency of ads

• Explore other distribution channels

Same Store Sales Growth

Total System Sales Growth

New Marketing Channels

21

RATIONALIZATION PLAN IS TAKING EFFECT, AS SAME STORE SALES IS STARTING TO SEE AN IMPROVING TREND. DESPITE NEGAVTIVE SAME STORE SALES GROWTH, THAI EXPRESS HAS ALWAYS REPORTED NET PROFIT

IMPROVEMENT AT THAI EXPRESS Restaurant Update

Same Store Sales Growth

Total System Sales Growth

No of Outlets

61 78 71 64

Thai Express has seen improvement in same store sales and total system sales growth since the rationalization plans of its performance in 2010;

Despite negative same store sales growth over the past two years due to domestic over-expansion, Thai Express reported net profit of SD 10 million in 2010;

Thai Express is also looking to expand into other countries in Asia, and targets to open an outlet in Beijing, China within 2011

Rationalization plans are as follows:• Loss-making stores are either

closed or rebranded into better performing brands such as Thai Express or Xin Wang Hong Kong Café

• Shokudo has been rebranded to Shokudo Coffee House and Kiseki Japanese Buffet Restaurant

* 2008 financials are since acquisition: May – Dec 2008

22

THE COFFEE CLUB CONTINUES TO SEE STRONG AND STABLE GROWTH SINCE THE FOOD GROUP’S ACQUISITION IN EARLY 2008. NET PROFIT CONTINUED TO GROW IMPRESSIVELY.

STRONG PERFORMANCE OF THE COFFEE CLUB Restaurant Update

2.3%0.6%

5.7%

12.0%

18.1% 16.9% 16.7%18.0%

0%

5%

10%

15%

20%

2008 2009 2010 1H11

Same Store Sales Growth

Total System Sales Growth

214241

262 270

0

100

200

300

2008 2009 2010 1H11

The Brand sees strong and stable total system sales growth over the years, attributable to both improvement in same store sales growth as well as outlet expansion

The Coffee Club is seeing strong net profit growth, driven by its successful franchise model;

0

2

4

6

8

2008 2009 2010 1H10 1H11

AUD Million

The Coffee Club Net Profit

No of Outlets

161%

26%

37%

AUD million

23

Retail Trading Update

1H11 REVENUE OF RETAIL TRADING & CONTRACT MANUFACTURING INCREASED BY 28% WHILE PROFIT MORE THAN TRIPLED YoY, RESULTING IN SIGNIFICANT INCREASE IN NET MARGIN YoY

FINANCIAL PERFORMANCE – RETAIL TRADING & CONTRACT MANUFACTURING

Revenue

EBITDA

NPAT

EBITDA Margin

NetMargin

1Q111Q10 2Q10 3Q10 4Q10

THB million

5.5% 4.0% 5.4% 7.4% 7.6%

1.8% 0.1% 1.3% 3.4% 3.8%

Key Highlights

1H11 revenue from retail trading increased by over 30%, attributable to higher same store sales growth as a result of change of strategy to increase sales per sq.m., as well as low base in 2Q10 from the political unrest;

1H11 net profit more than tripled primarily because of the efficiency of higher sales per sq.m.;

1H11 revenue from contract manufacturing also rose by 21% as orders from key customers have resumed since the beginning of the year

7.3%

2Q11

3.0%

4.8% 7.5%

1H10

1.0%

1H11

3.4%

24

COMPARABLE SALES GROWTH AND TOTAL SALES GROWTH REMAINED STRONG. SALES CONTINUED TO IMPROVE YoY DESPITE THE REDUCTION IN THE NUMBER OF OUTLETS AND SPACE AS A RESULT OF UPGRADES OF STORE CONCEPTS AND A MORE TARGETED PRODUCT OFFERING WHICH LED TO AN IMPRESSIVE GROWTH OF SAES PER SQ.M. YoY

MINT’S RETAIL TRADING STATISTICS Retail Trading Update

Comparable Sales Growth Total Store Sales Growth

277 267 267 258No. ofOutlets

233 277 267 267 258No. ofOutlets

233

Fashion & Cosmetic Sales per Sq.m.

226 226

THB

25

GROWTH OF ALL BUSINESS UNITS ARE ON TRACK 5-Year Targets

22 hotels

676 restaurants

316 retail stores (14,524 Sqm)

2007

2Q11

2015F 73 hotels

67 residences

22 timeshare units

1,169 restaurants

226 retail stores (14,518Sqm)

> 105 hotels

+ residences

> 250 timeshare units

> 2,100 restaurants

> 300 retail stores (21,600 Sqm)

2007

2Q11

2015F

26

Oaks Hotels & Resorts

Oaks Charlotte Towers, Brisbane

27

OAKS’ UNIQUE PORTFOLIO IS A VALUABLE ADDITION TO MINT’S EXPANDING RESORT AND HOTEL PORTFOLIO, PROVIDING MINT WITH THE OPPORTUNITY TO EXPAND ITS EXTENSIVE HOTEL & SERVICED SUITES FOOTPRINT TO THE AUSTRALIAN AND NEW ZEALAND MARKETS

OAKS HOTELS & RESORTS Oaks

Oaks is one of Australia’s largest hotel and resort operators; operating in the 4-5 star accommodation segment;

Oaks currently manages 36 properties with an inventory of over 5,000 rental units located throughout Australia, New Zealand and Dubai. Oaks property portfolio includes CBD properties, resorts overlooking beaches and ski resorts.

MLR are rights that allow Oaks to operate and rent residential condominium units in a rental pool as a hotel/serviced suites;

Founded in 1991 and listed on ASX in January 2006, Oaks has consolidated a market-leading position in the Australian Management Letting Rights (“MLR”) business;

AucklandOaks iStay Residences

ChristchurchOaks iStay on Cashel

QueenstownOaks Club ResortOaks Shores

BroomeOaks Broome

Port DouglasOaks Lagoons

TownsvilleOaks Gateway on PalmerOaks M on Palmer

GlenelgOaks Liberty TowersOaks Plaza Pier

MelbourneOaks on CollinsOaks on LonsdaleOaks on Market

AdelaideOaks EmbassyOaks HorizonsOaks Precinct

SydneyOaks Goldsbrough ApartmentsOaks HarmonyOaks Hyde Park PlazaOaks Maestri TowersOaks Trafalgar

The EntranceOaks Waterfront Resort

Tea GardensOaks Boathouse

Sunshine CoastOaks Seaforth Resort

RedcliffeOaks Mon Komo

IpswichOaks Aspire Apartments

BrisbaneiStay River CityOaks 212 MargaretOaks AuroraOaks Casino TowersOaks Charlotte TowersOaks FelixOaks Festival TowersOaks Lexicon Apartments

GoldcoastOaks Calypso Plaza

DubaiOaks Liwa Heights

Australia

New Zealand

Dubai

28

OAKS IS ONE OF AUSTRALIA’S LARGEST HOTEL AND RESORT OPERATORS Oaks

Serviced Suites Brand Positioning Matrix Major Australian Serviced Suites Operators

OAKS SERVICES THE SHORT-TO-MEDIUM STAY CORPORATE AND LEISURE MARKETS. JUDGING BY THE NUMBER OF ROOMS, OAK IS CURRENTLY THE THIRD LARGEST SERVICED SUITES OPERATOR IN AUSTRALIA.

Source: CBRE Hotels As of August 2009, based on number of rooms

Sydney626 Rooms

Melbourne701 Rooms

Adelaide430 Rooms

Regional Corporate 591 Rooms

Regional Leisure

898 Rooms

New Zealand

419 Rooms

Dubai165 Rooms

Brisbane1,263 Rooms

29

OAKS’ REVENUES ARE PRIMARILY FROM MANAGEMENT LETTING FEE AND SERVICE CHARGES. OAK’S EXPANSION HAS BEEN LIMITED SINCE THE FINANCIAL CRISIS IN 2009.

OAKS HOTELS & RESORTS BUSINESS MODEL Oaks

Revenue Contribution Key Statistics

Inventory*

Occupancy

ADR

No of rooms

AUD

International

Source: CBRE Hotels

Customer Mix of Major Australian Serviced Suites Operators

*Excludes properties where Oaks only provides centralized service

30

OAKS SAW STABLE GROWTH FROM OPERATIONS DESPITE THE INDUSTRY DOWNTURN IN 2009, WHICH RESTRICTED ITS FINANCIAL POSITION AND CONSEQUENTLY ITS ABILITY TO EXPAND.

OAKS’ FINANCIALS Oaks

EBITDA Margin

28.7% 26.1% 20.1% 26.0%

NPAT Margin

12.6% 7.7% 3.1% 6.2%

AUD million Revenues

AUD million

AUD million

Oaks’ revenues from operation continued to increase despite the industry’s difficulties from the financial crisis in 2009, as a result of the improved occupancy and improved letting fees in 2010 and 2011 due to reallocation of inventory from permanent (long-stay) inventory to serviced apartment letting pool .

However, EBITDA declined in 2010 because of increase in leases, particularly the property in Dubai, and Oaks did not report any gain from sale of MLR in 2010 compared to gain of AUD 5 million in 2009.

2010 net profit declined in line with the decline in EBITDA.

Financial Highlights

Oaks Goldsbrough, Sydney

2011 performance improved as a result of higher yield, both from occupancy and ADR 17.8%

Note: FY ending 30 June

FY2008 FY2009 FY2010 FY2011E*

NM

Includes one-time provisions set aside before consolidating Oaks into MINT

From operations

* Estimated based on preliminary financials

OAKS ACQUISITION WILL BRING IN IMMEDIATE REVENUE AND EARNINGS, AS WELL AS DIVERSIFY MINT’S BUSINESS OUTSIDE THAILAND. LONGER TERM, THE SYNERGISTIC BENEFITS BETWEEN MINT AND OAKS SHOULD ALSO CREATE ADDITIONAL CONTRIBUTION TO MINT

Oaks

Hotel Revenue Hotel NPAT

Total Assets Total Revenue NPAT

Hotel Group Level

MINT Level

ENHANCEMENT OF GROWTH, SHAREHOLDERS’ VALUE & DIVERSIFICATION

18%

International

International

31

18%

42%18% 26%

THB billionTHB million

THB billion THB billion

18%30%

THB million

9% 15%

32

FOLLOWING THE SUCCESSFUL ACQUISITION, MINT INTENDS TO FOLLOW THE BUSINESS PLAN OUTLINED BELOW TO ENSURE THAT OAK’S STRONG GROWTH MOMENTUM IN THE MLR BUSINESS IS MAINTAINED AND FURTHER SUPPORTED BY MINT’S INTERNATIONAL HOSPITALITY PLATFORM

PRELIMINARY POST-ACQUISITION STRATEGIES Oaks

Remove short-term impediments to growth

Re-focus on the core business

Lead the expansion of the brand into Asia & potentially into investments in

complementary real estate assets

Provide a clear strategic direction & support for

future growth

Strategic Thrusts Current Action Plans

Stabilization of Oaks’ financial position:

Potential synergies & economies of scale across both international hospitality and restaurant business platforms.

Benefit from strategic investment in real estate assets and management of serviced suites, which will diversify its business and income streams and help MINT to become a larger player in the hospitality market.

Appointment of Board of Directors

Compulsory acquisition of 100% of Oaks’ shares & delisting of Oaks from ASX.

Preliminary Preliminary

P 1. Mr. Dillip Rajakarier 2. Mr. Stephen Chojnacki 3. Mr. Emmanuel Drivas 4. Mr. Paul Kenny 5. Ms. Pratana Mongkolkul 6. Mr. Brett Pointon

P

P Extension of term loanLower financing costsAdditional credit line for expansion

Continued expansion through: Acquisition of additional MLR contractsAdditional units in existing propertiesExpansion of Oaks’ brand into Asia

P

P

P

33

RECENT ACQUISITION OF GRAND HOTEL, GLADSTONE AUSTRALIAThe Grand Gladstone

Gladstone is located approximately 550km north of Brisbane and inthe mid-north coast of Queensland, Australia. It is fast becomingAustralia’s top mining boom town as a result of massive planned andcommitted infrastructure projects at various stages ofcommencement.

The Grand Hotel and its adjacent vacant land occupies a total of3,900-sqm site in the heart of Gladstone CBD, with approximately 132meters frontage to the street. The hotel is a two-storey heritagebuilding (over 100 years) which was rebuilt following a fire in 1994with the façade retained and further refurbished to a high standard in2006 (occupying approximately one third of total area). The entireproperty (the existing Grand hotel and its adjacent vacant land) haspotential to be re-built as a new hotel.

About the Destination: Gladstone, Australia

About the Asset: Iconic Gladstone Hotel

34

APPENDIX

35

HOTEL PERFORMANCE

HotelOccupancy Rate (%) ADR (Bt/night) RevPar (Bt/night)

2Q11 2Q10 2Q11 %Chg 2Q11 %Chg

Marriott 62% 54% 3,241 3% 2,016 20%

Anantara 44% 41% 6,347 6% 2,819 16%

Four Seasons 47% 15% 7,565 -36% 3,589 103%

Others 30% 27% 7,193 -1% 2,132 10%

Average 49% 41% 5,301 7% 2,619 30%

Avg. Thailand 50% 42% 4,174 8% 2,087 29%

HotelOccupancy Rate (%) ADR (Bt/night) RevPar (Bt/night)

2Q11 2Q10 2Q11 %Chg 2Q11 %Chg

Marriott 62% 54% 3,241 3% 2,016 20%

Anantara 47% 41% 6,399 7% 2,989 23%

Four Seasons 47% 15% 7,565 -36% 3,589 103%

Others 30% 27% 7,558 4% 2,247 16%

Average 52% 41% 5,160 4% 2,682 33%

Avg. Thailand 53% 42% 4,288 10% 2,273 41%

Systemwide

Organic

36

HOTEL PERFORMANCE

HotelOccupancy Rate (%) ADR (Bt/night) RevPar (Bt/night)

1H11 1H10 1H11 %Chg 1H11 %Chg

Marriott 70% 65% 3,798 -4% 2,677 3%

Anantara 46% 44% 7,455 -1% 3,409 2%

Four Seasons 53% 39% 8,730 -12% 4,638 21%

Others 32% 30% 9,164 -5% 2,894 0%

Average 54% 51% 6,133 0% 3,311 6%

Avg. Thailand 55% 54% 4,918 -3% 2,716 0%

HotelOccupancy Rate (%) ADR (Bt/night) RevPar (Bt/night)

1H11 1H10 1H11 %Chg 1H11 %Chg

Marriott 70% 65% 3,798 -4% 2,677 3%

Anantara 50% 44% 7,682 2% 3,879 16%

Four Seasons 53% 39% 8,730 -12% 4,638 21%

Others 32% 30% 10,134 5% 3,293 13%

Average 58% 51% 6,094 -1% 3,517 13%

Avg. Thailand 60% 54% 5,052 0% 3,012 11%

Systemwide

Organic

37

RESTAURANT PERFORMANCE

BrandSSS (%) TSS (%)

2Q11 2Q10 2Q11 2Q10

The Pizza Company 9.7% 2.6% 13.7% 3.4%

Swensen’s 8.4% 3.5% 17.5% 3.1%

Sizzler 22.3% 3.7% 24.5% 11.6%

Dairy Queen 15.6% 5.6% 21.9% 10.3%

Burger King 34.0% 0.6% 30.7% 2%

The Coffee Club 12.8% 1.4% 19.0% 14.0%

Thai Express 1.0% -6.2% 4.7% -4.3%

Average 12.3% 1.4% 17.4% 7.2%

Average Thailand 15.3% 3.0% 21.1% 5.2%

38

RESTAURANT PERFORMANCE

BrandSSS (%) TSS (%)

1H11 1H10 1H11 1H10

The Pizza Company 10.4% 1.0% 13.5% 2.3%

Swensen’s 2.9% 5.0% 10.1% 5.0%

Sizzler 16.3% 4.1% 18.4% 16.7%

Dairy Queen 10.6% 4.9% 15.6% 10.6%

Burger King 19.9% 5.5% 19.5% 11.2%

The Coffee Club 12.0% 1.7% 18.0% 15.7%

Thai Express -0.4% -11.3% 3.5% -3.4%

Average 10.0% 1.1% 14.6% 8.1%

Average Thailand 11.0% 3.4% 15.7% 6.8%

39

RESTAURANT OUTLETS – 2Q11

BrandNo. of outlets No. of outlets

TotalEquity Franchise Thailand International

The Pizza Company 171 81 215 37 252

Swensen’s 113 136 234 15 249

Sizzler 44 - 38 6 44

Dairy Queen 240 8 245 3 248

Burger King 27 - 27 - 27

The Coffee Club 19 251 5 265 270

Thai Express 53 11 - 64 64

Others 15 - 15 - 15

Total 682 487 779 390 1,169