Rnj, (Translation) MD. 073/2020 May 13 , 2020 Re: Management Discussion and Analysis For the Operating Results ended March 31, 2020 To: President The Stock Exchange of Thailand Management Discussion

MD&A Q3Y2018 (E) - 13.11.18 Ratchabur i Electr icity Generating Holding PCL Management Discussion and Analysis For the Three-month and Nine-month Per iods Ended 30 September , 2018 Management

were as follows:- Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2019 Page 7 3.1 Revenue from sales and rendering of services (excluding fuel costs) Revenue

1 (Translation) MD. 182 /2017 Nov 8 , 2017 Re: Management Discussion and Analysis For the Operating Results ended September, 2017 To: President The Stock Exchange of Thailand Management Discussion

Rnj, (Translation) MD. 170/2019 November 13, 2019 Re: Management Discussion and Analysis For the Operating Results ended September 30, 2019 To: President The Stock Exchange of Thailand Management

MD&A Q3Y2017 _E_ 13.11.17 Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2017 Management Discussion

1 (Translation) MD. 108/2017 Aug 7, 2017 Re: Management Discussion and Analysis For the Operating Results ended June, 2017 To: President The Stock Exchange of Thailand Management Discussion and

MD&A Q2Y2020 (E) - 11.8.2020 Update HPC RATCH Group Public Company Limited Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2020 Management Discussion and

1 (Translation) MD. 134/2019 August 7, 2019 Re: Management Discussion and Analysis For the Operating Results ended June 30, 2019 To: President The Stock Exchange of Thailand Management Discussion and

value in AUD currency. Management Discussion and Analysis For the 1st Quarter Ended 31 March, 2020 Page 6 2.2 Revenue from sales and rendering of services (excluding fuel costs) Revenue from sales and