and rendering of services (excluded Fuel Cost) 2,671.13 2,398.76 272.37 11.4 Administrative expenses 825.43 711.55 113.88 16.0 Finance costs 770.00 679.42 90.58 13.3 Income tax expense 480.31 526.81

mainly due to the loan interest expense for the Lofts Asoke project was recognized as financial cost after the construction completed in December 2018. Moreover, the average interest rate of debenture that

- - - 14,162 (14,162) (100%) Profit (Loss) before the effects of foreign exchange, deferred income tax and lease income 2,909 16,043 6 95 2,915 16,138 (13,223) (82%) Deferred income (expense) tax 46 65 - - 46 65

Page 1 Enclosure 5. Information Memorandum on the Acquisition of Assets of Safari World Public Co., Ltd.; An increasing of investment cost (No. 2) Enclosure 5. Information Memorandum on the

, its current market price is still higher than the acquisition cost. In addition, the decrease in return on financial instruments was also caused by the sale of Thanh Cong Securities Joint Stock Company

Oil price; Crude Palm Oil stock remains high. Management Discussion and Analysis of Business Operation for 1Q/2018 Bangchak Corporation Plc. I 16 3. Gross profit adjusted upward from raw material cost

from rental and rendering of services from new rental spaces and improved occupancy rates, and decreased selling and distribution expenses from improved cost management • Operating revenue increased by

2018 Q3 2019 Increase/ (Decrease) 9M 2018 9M 2019 Increase/ (Decrease) THB mm THB mm % THB mm THB mm % Total Revenue/1 1,756.9 2,244.3 27.7% 7,227.4 9,121.4 26.2% Total Cost 492.6 916.3 86.0% 2,880.8

) (1,773) (2,327) 13% 31% (6,135) (7,164) 17% Exploration and evaluation expense (12) (12) (11) -10% -6% (60) (48) -20% Gain (loss) from crude and product oil price hedging contract (66) 86 46 169% -47% 107

355.9 10.3% Total Cost 1,528.4 2,614.2 1,085.8 71.0% Gross Profit/2 1,802.9 1,074.0 (729.0) (40.4%) Net Profit 779.9 406.6 (373.3) (47.9%) Normalized Total Revenue/3 3,196.4 3,708.8 512.3 16.0% Normalized