Settlement Price and Net Cash Settlement of 18 Derivative warrants issued by JPM

Settlement Price and Net Cash Settlement Subject : Settlement Price and Net Cash Settlement Data as of : 29-Dec-2025 Maturity date : 06-Jan-2026 Expense of exercise (Baht) : 0.00 DW Symbol : SET5041C2512A Multiplier of Index (THB: Index Point) : 0.025 Underlying asset price (Index) : 827.46 Exercise price (Index) : 920.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041C2512C Multiplier of Index (THB: Index Point) : 0.13333 Underlying asset price (Index) : 827.46 Exercise price (Index) : 1,050.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041C2512D Multiplier of Index (THB: Index Point) : 0.15625 Underlying asset price (Index) : 827.46 Exercise price (Index) : 1,030.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041C2512E Multiplier of Index (THB: Index Point) : 0.16667 Underlying asset price (Index) : 827.46 Exercise price (Index) : 1,010.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041C2512T Multiplier of Index (THB: Index Point) : 0.01111 Underlying asset price (Index) : 827.46 Exercise price (Index) : 780.00 Net cash settlement amount (Baht) : 0.52728 DW Symbol : SET5041C2512X Multiplier of Index (THB: Index Point) : 0.05 Underlying asset price (Index) : 827.46 Exercise price (Index) : 780.00 Net cash settlement amount (Baht) : 2.37300 DW Symbol : SET5041P2512A Multiplier of Index (THB: Index Point) : 0.025 Underlying asset price (Index) : 827.46 Exercise price (Index) : 600.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041P2512B Multiplier of Index (THB: Index Point) : 0.025 Underlying asset price (Index) : 827.46 Exercise price (Index) : 620.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041P2512C Multiplier of Index (THB: Index Point) : 0.025 Underlying asset price (Index) : 827.46 Exercise price (Index) : 690.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041P2512D Multiplier of Index (THB: Index Point) : 0.025 Underlying asset price (Index) : 827.46 Exercise price (Index) : 740.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041P2512E Multiplier of Index (THB: Index Point) : 0.16667 Underlying asset price (Index) : 827.46 Exercise price (Index) : 620.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041P2512F Multiplier of Index (THB: Index Point) : 0.22727 Underlying asset price (Index) : 827.46 Exercise price (Index) : 620.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041P2512G Multiplier of Index (THB: Index Point) : 0.29412 Underlying asset price (Index) : 827.46 Exercise price (Index) : 630.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041P2512H Multiplier of Index (THB: Index Point) : 0.3125 Underlying asset price (Index) : 827.46 Exercise price (Index) : 630.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041P2512I Multiplier of Index (THB: Index Point) : 0.35714 Underlying asset price (Index) : 827.46 Exercise price (Index) : 640.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041P2512J Multiplier of Index (THB: Index Point) : 0.37037 Underlying asset price (Index) : 827.46 Exercise price (Index) : 650.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041P2512T Multiplier of Index (THB: Index Point) : 0.01111 Underlying asset price (Index) : 827.46 Exercise price (Index) : 650.00 Net cash settlement amount (Baht) : 0.00 DW Symbol : SET5041P2512X Multiplier of Index (THB: Index Point) : 0.05 Underlying asset price (Index) : 827.46 Exercise price (Index) : 820.00 Net cash settlement amount (Baht) : 0.00 Remark : 1. Net Cash Settlement Amount = Cash Settlement Amount - Exercise Expense Charged by Issuer By; In case of Call Warrant and Underlying Asset is Stock : Cash Settlement Amount = (Settlement Price - Exercise Price) X Exercise Ratio In case of Put Warrant and Underlying Asset is Stock : Cash Settlement Amount = (Exercise Price - Settlement Price) X Exercise Ratio In case of Call Warrant and Underlying Asset is Index : Cash Settlement Amount = (Settlement Price - Exercise Price) X Multiplier In case of Put Warrant and Underlying Asset is Index : Cash Settlement Amount = (Exercise Price - Settlement Price) X Multiplier In case of Call Warrant and Underlying Asset is Foreign Stock : Cash Settlement Amount = (Settlement Price - Exercise Price) X Exercise Ratio X Exchange rate In case of Put Warrant and Underlying Asset is Foreign Stock : Cash Settlement Amount = (Exercise Price - Settlement Price) X Exercise Ratio X Exchange rate In case of Call Warrant and Underlying Asset is Foreign Index : Cash Settlement Amount = (Settlement Price - Exercise Price) X Multiplier X Exchange rate In case of Put Warrant and Underlying Asset is Foreign Index : Cash Settlement Amount = (Exercise Price - Settlement Price) X Multiplier X Exchange rate 2. Any Derivative Warrant (DW) will automatically be exercised if the Net Cash Settlement Amount on the Automatic Exercise Date is greater than zero (without notice being given to the Holders). The Issuer will pay to the Holders the Net Cash Settlement Amount (if any) with procedure defined in Terms and Condition. 3. The Holders can deny the exercise of DW by informing their broker in accordance with procedures stipulated by their broker. Authorized Persons to Disclose : Tosapol Kerdphol Information Position : Executive Director ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement. If you would like to see the full details of this information, please click view "full details" in attached file.