SAAM Energy Development Public Company Limited - 1 - 9 August 2019 Subject: Management Discussion and Analysis for the period ended 30 June 2019 To: The President The Stock Exchange of Thailand SAAM

SAAM Energy Development Public Company Limited - 1 - 7 November 2019 Subject: Management Discussion and Analysis for the period ended 30 September 2019 To: The President The Stock Exchange of

domestic sales 24.2% and export sales 75.8%. Gross profit was down from 33.6% to 25.8% due to low margin sale to B2B coupled with the increase in raw material and energy costs. Total expense was Baht 504.6

. Sales contributions were from domestic sales 24.2% and export sales 75.8%. Gross profit was down from 34.3% to 30.2% due to B2B domestic sales in 2Q18 coupled with the increase in energy costs and Thai

“Company”) would like to inform that the Board of Directors no.1/2020 held on 28 February 2020 has resolved to approve in principle on the joint investment in energy business in domestic and international

total of Baht 2,219.78 Million. Additional, Bidding construction contracts from customer target of Petrochemical and Energy Group are large projects which project volumn are over than Baht 10,000 Million

SAAM Energy Development Public Company Limited - 1 - 13 February 2019 Subject: Management Discussion and Analysis for the year ended 31 December 2018 To: The President The Stock Exchange of Thailand

energy costs. Total expenses were Baht 426.8 million, increased by 7.1% mainly due to writing-off obsolete assets caused by the temporary shutdown of furnace for scheduled maintenance. Expense for the

available locally. As such, the company can expect a wider investment mandate that focuses on high quality tangible assets in the sectors of real estate and renewable energy. In addition, the Company

had a gain on sold of investment assets of Baht 24.96 million. - The company still maintains cost control measures and voluntary resignation programs. As a result, selling expenses was decreased 16.49