TRANSLATED VERSION As of February 9, 2011 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 2/2020 09 - Refinery & Trading 14 - Marketing 16 - Power Plant 18 - Bio-based Products 20 - Natural

periods of 2017 were 7.10 million Baht and 16.23 million Baht, decreased from the same period of the previous year by 2.33 million Baht and 4.98 million Baht respectively, due to the high price of natural

same period of the previous year by 4.79 million Baht and 9.77 million Baht respectively, due to the high price of natural rubber, which is the main raw material cost for production. The Company's

sectors, as well as the financial institutions*. With the opening speeches delivered by Mr. Thalearngsak Petchsuwan, Deputy Permanent Secretary, Ministry of Natural Resources and Environment, Mr. Ronadol

Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Based Products Business Group 21 Natural Resources Business Group 23 Statement of Financial Position 26 Cash

2019. The PDP 2018 focuses on the use of natural gas as primary fuel for power generation as well as the increase proportion in renewable energy, especially household solar rooftops. In addition

Translation (Translation) PAGE (Translation) -9- Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC

trade of natural gas. In accepting the said right, the Company or its subsidiary shall purchase the entire shares of Hemaraj in Gulf WHA MT Natural Gas Distribution Co., Ltd. (“Gulf WHA MT”), a joint

costs. In the first half of the year 2017, natural rubber and synthetic rubber prices are higher than the year 2016. Although in the 4th quarter, natural rubber and synthetic rubber prices have fallen to