businesses will be the core platform for continuous growth in selective upstream & downstream integration over the next 5-10 years. On a proforma basis, this acquisition will add 25% to IVL’s 2018 core EBITDA

the full effect of Saraburi Quicklime addedon March 19th. Similar to Q1 2018, the revenue was from core business, that is a major shift compared with H1 2017 when the contribution of Engineering was a

13% y-y. In the third quarter of 2018, the Company’s revenues were 5,225 million baht, an increase of 548 million baht or 12%y-y. This is the result of an increase in core business revenues by 11% y-y

year. However, revenue from burnt lime core business has increased even there was a weaker than expected sugar season, but this was mitigated by stronger sales of new higher value-added product also

the result of continue growth in core business revenues that increased by 10% y-y, especially in personal loan and hire purchase products as well as a strong growth revenue from bad debt recovery by 42

Management Discussion and Analysis for the year 2021 4 Core Operating Profit (defined as Earnings before Interests and Taxes exclude interest income, gain (loss) on exchange rate and other irregular items) for

revenue decreased by 1.5 percent from the previous year Please be informed accordingly. Yours Sincerely, (Mr.Jirapong Suntipiromkul) Deputy Managing Director Authorized to sign on behalf of the company

, -Signature- (Miss Nilrat Jarumanopas) Chief Financial Officer Authorized to sign on behalf of the Company

informed accordingly. Sincerely yours, (Mr. SomponRoekwibunsi) Chief Executive Officer Authorized to sign on behalf of the Company

Baht 11.76 and short term loan from related party of 25.00 million baht. Please be informed accordingly. Page6of6 Sincerely yours, (Mr. SomponRoekwibunsi) Chief Executive Officer Authorized to sign on