Page 1 of 6 Performance Overview In 2017 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a consolidated net profit of Bt572mn, representing a growth of 236% YoY with

following information: 1. key assumption applied which is clear and easy to understand, including details on forecast and risks which may cause the return or the fund’s performance to be different from

, including details on forecast and risks which may cause the return or the fund’s performance to be different from estimated; and 2. projection of rental income which is certified by a property valuer approved

easy to understand, including details on forecast and risks which may cause the return or the fund’s performance to be different from estimated; and 2. projection of rental income which is certified by a

Agreement with Progress of Services Collaboration Agreement with Siemens B.Grimm Power and Siemens aim to collaborate on enhancing the performance of those power plants which have been commercially operated

to store excess electricity to be used during peak demands in order to help optimize and stabilize power system at the Science & Innovation Centre of GC, Rayong and “Smart city” pilot project for

(from operation) 14.1% 24.3% NPAT margin (exc. Minority Interest) 13.9% 23.7% (Enclosure 4) 8 735 370 365 932 584 348 Operating Revenue Billboard Street Furniture 2016 2017 2017 Performance Analysis (YoY

S&P MD&A Q3-2017 -1- Ref. POL. 136/2017 November 13, 2017 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock Exchange of Thailand S & P

S&P MD&A 2017 -1- Ref. POL. 028/2018 February 23, 2018 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock Exchange of Thailand S & P Syndicate

S&P MD&A 2017-Revised Year In Comparison Table -1- Ref. POL. 028/2018 February 23, 2018 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock