COMPANY LIMITED ATP 30 PUBLIC COMPANY LIMITED AUTOCORP HOLDING PUBLIC COMPANY LIMITED B-52 CAPITAL PUBLIC COMPANY LIMITED B.GRIMM POWER PUBLIC COMPANY LIMITED BAAN ROCK GARDEN PUBLIC COMPANY LIMITED

COMPANY LIMITED ATP 30 PUBLIC COMPANY LIMITED AUTOCORP HOLDING PUBLIC COMPANY LIMITED B-52 CAPITAL PUBLIC COMPANY LIMITED B.GRIMM POWER PUBLIC COMPANY LIMITED BAAN ROCK GARDEN PUBLIC COMPANY LIMITED

COMPANY LIMITED ATP 30 PUBLIC COMPANY LIMITED AUTOCORP HOLDING PUBLIC COMPANY LIMITED B-52 CAPITAL PUBLIC COMPANY LIMITED B.GRIMM POWER PUBLIC COMPANY LIMITED BAAN ROCK GARDEN PUBLIC COMPANY LIMITED

COMPANY LIMITED ATP 30 PUBLIC COMPANY LIMITED AUTOCORP HOLDING PUBLIC COMPANY LIMITED B-52 CAPITAL PUBLIC COMPANY LIMITED B.GRIMM POWER PUBLIC COMPANY LIMITED BAAN ROCK GARDEN PUBLIC COMPANY LIMITED

COMPANY LIMITED ATP 30 PUBLIC COMPANY LIMITED AUTOCORP HOLDING PUBLIC COMPANY LIMITED B-52 CAPITAL PUBLIC COMPANY LIMITED B.GRIMM POWER PUBLIC COMPANY LIMITED BAAN ROCK GARDEN PUBLIC COMPANY LIMITED

COMPANY LIMITED ATP 30 PUBLIC COMPANY LIMITED AUTOCORP HOLDING PUBLIC COMPANY LIMITED B-52 CAPITAL PUBLIC COMPANY LIMITED B.GRIMM POWER PUBLIC COMPANY LIMITED BAAN ROCK GARDEN PUBLIC COMPANY LIMITED

COMPANY LIMITED ATP 30 PUBLIC COMPANY LIMITED AUTOCORP HOLDING PUBLIC COMPANY LIMITED B-52 CAPITAL PUBLIC COMPANY LIMITED B.GRIMM POWER PUBLIC COMPANY LIMITED BAAN ROCK GARDEN PUBLIC COMPANY LIMITED

COMPANY LIMITED ATP 30 PUBLIC COMPANY LIMITED AUTOCORP HOLDING PUBLIC COMPANY LIMITED B-52 CAPITAL PUBLIC COMPANY LIMITED B.GRIMM POWER PUBLIC COMPANY LIMITED BAAN ROCK GARDEN PUBLIC COMPANY LIMITED

COMPANY LIMITED ATP 30 PUBLIC COMPANY LIMITED AUTOCORP HOLDING PUBLIC COMPANY LIMITED B-52 CAPITAL PUBLIC COMPANY LIMITED B.GRIMM POWER PUBLIC COMPANY LIMITED BAAN ROCK GARDEN PUBLIC COMPANY LIMITED

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