Microsoft Word - 2019-09-18_Notification for Resolution of BOD 11-2019 regarding the Acquisition and Disposition _En Rev._.docx -Translation- Seven Utilities and Power Public Co., Ltd. 73 Mahachol

& Trading Business Group 12 Marketing Business Group 13 Power Plant Business Group 16 Bio-Based Products Business Group 18 Natural Resources Business Group 20 Statement of Financial Position 22 Cash Flows

-Translation- Seven Utilities and Power Public Co., Ltd. 73 Mahachol

% -3.9% Non-controlling interests of the subsidiaries 0.42 0.1% (0.40) -0.1% (0.35) 0.0% 100.0% 100.0% Net profit - Equity holders of the Company 150.40 17.7% 149.51 18.7% 145.25 18.1% -2.9% -3.4

Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 20 22 24 26 Executive Statement Summary of Income Business Performance 08 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products

1 Translation CEN 015-2020 August 14, 2020 Subject Notification on disposal of investment in subsidiaries (Biomass Power Plants Business) of Ua Withya Public Company Limited To The Manager and

investments in power associates increased by 6.2%. However, if excluding the FX impact and one-time loss items, normalized share of profit from associates and joint ventures in power business increased by 52.5

equities attributable to Owner 19,253 19,607 1.8% Net-int debt to equity (times) 1.5 1.6 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis PROGRESS OF PROJECTS UNDER CONSTRUCTION

& Trading Business Group 12 Marketing Business Group 14 Power Plant Business Group 16 Bio-Based Products Business Group 18 Natural Resources Business Group 20 Statement of Financial Position 22 Cash Flows

144.59 17.4% 144.90 18.0% 143.73 18.4% -0.8% -0.6% Non-controlling interests of the subsidiaries (0.83) -0.1% (0.35) 0.0% (0.05) 0.0% 100.0% 100.0% Net profit - equity holders of the Company 145.42 17.5