office of the securities underwriter for the period of at least one year from the offering closing date in such a manner that can be promptly presented to the SEC Office upon request. The fair allocation

the offering closing date in such a manner that can be promptly presented to the SEC Office upon request. The fair allocation under the first paragraph shall exclude allocation of shares in a portion

that can be promptly presented to the SEC Office upon request. The fair allocation under the first paragraph shall exclude allocation of shares in a portion which is separated for institutional investors

main office of the securities underwriter for the period of at least one year from the offering closing date in such a manner that can be promptly presented to the Office upon request. The fair

one year from the offering closing date in such a manner that can be promptly presented to the Office upon request. The fair allocation under the first paragraph shall not include allocation of shares

the reasonableness of the transactions and the fairness of the price and conditions of the transactions to be presented to the shareholders of the Company for consideration. Moreover, the acquisition of

closing exchange rates where applicable. The Company has presented the analysis in the MD&A in US$ as it believes that the business can be explained better in US$ terms. However THB numbers are also given

by Thai Wacoal Public Company Limited Presented to Shareholders of Thai Wacoal Public Company Limited Prepared by 8 March 2019 This English report of the Independent Financial Advisor’s Opinions has

issuer or, if the issuer is the holding corporation of a group, the group which shall be presented for the two most recent financial years (or such shorter period that the issuer has been in operation), in

its website. In case of changing the names of persons on the displayed list, the intermediary shall update the list within 14 days as from the date of such change. 13 Clause 22 An intermediary shall