Management Discussion and Analysis for the first quarter ended March 31, 2019 Attention The President The Stock Exchange of Thailand Attachment Report and interim financial statement for the first quarter

1 1Q18 MD&A Advanced Info Service Plc. Executive Summary Expand into potential growth areas of enterprise and mobile money AIS has executed two strategic deals totaling Bt4.2bn of cash transactions

1 1Q19 MD&A Advanced Info Service Plc. Executive Summary Mobile growth remained soft from ongoing price competition Overall mobile market in 1Q19 reflected industry's effort in gradually

Association Thailand (“DAAT”) revised up the advertising expenditures to THB 12,000mn, or an expected growth of 29% in 2017 (prior forecast: 24% growth in 2017), mainly driven by the acceleration of internet

achieved growth in revenues and operating profits for all businesses, thanks to effective cost management and accordingly with the business environment. Table 2: Summary of Profit & Loss Statement 1Q 4Q 1Q

Thailand’s financial system support the Company’s business to grow in the future. Overall economy growth is expected to grow at around 4.2% per annual. This macroeconomic factor fuels the debtor to repay cash

in Thailand’s financial system support the Company’s business to grow in the future. Overall economy growth is expected to grow at around 4.2% per annual. This macroeconomic factor fuels the debtor to

, social and environment responsibility and sustainable growth. The Company believes that the residential condominium sector of the real estate business is recently facing a slowdown as a result of domestic

extra income for the organization in order to achieve sustainable growth. The gross income of the Company and subsidiary companies in Q2/2018 is 2,283.40 million THB, increasing 12.02% or 245.10 million

to generate additional income. 2018 is the Year of Change as all aspects of the operation are modified in order for the Company to achieve sustainable growth under sufficiency economy principles. The