the six months ending June 30, 2019 minus the September 2019 dividend payment, the total capital adequacy ratio, the Common Equity Tier 1 capital adequacy ratio and the Tier 1 capital adequacy ratio of

dividend income and gains on tradings and foreign exchange transactions increased. Operating expenses rose by Baht 782 million from higher premises and equipment expenses. Impairment loss of loans and debt

-interest income fell by Baht 2,346 million or 17.2 percent due to lower dividend income, gains on investments, and net fees and service income, partly due to lower fees from loan-related services

227 mn was recognized in administrative expenses Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 6 of 16 • Tax on GLANDRT dividend received amount THB 62 mn, the

income includes net fees and service income, gains (losses) on financial instruments measured at fair value through profit or loss, gains on investments, dividend income and other operating incomes. In the

227 mn was recognized in administrative expenses Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 6 of 15 • Tax on GLANDRT dividend received amount THB 62 mn, the

dividend income, while net fees and service income increased, mainly due to an increase in fees from securities business. Operating expenses decreased by Baht 1,429 million or 10.1 percent due to seasonality

, decreased by 6.2% previous year due to the dividend payment of Bt473.96mn, treasury stock of Bt187.34mn and net profit of Bt583.10mn in 2018. Key Financial Ratio Quarter Quarter Quarter 4/2017 3/2018 4/2018

came from waste of raw materials increased 4.48 million Baht, dividend income increased 1.17 million Baht, rental income decreased 1.43 million Baht, gains on sales of machinery and equipment decreased

percent that those decreased from the annual dividend payment of the year 2017 in Q2-2018 and interim dividend payment from 6 month operation of 2018 in Q3-2018. Sincerely yours, (Ms. Sarin