) 1.04 0.20 0.07 Core EPS (THB) 0.60 0.23 0.25 Net Operating Core ROCE1 (before JV’s and M&A Annualized)% 7.9% 3.3% 5.5% 1 M&A earnings are annualized for ROCE calculation to appropriately represent the

securities and the conditions of securities, including the suitability for investment and the relevant risk exposure. The effectiveness of this registration statement/ draft prospectus does not represent that

costs and pre- operative expenses 4 Interest net of tax on THB 15 billion Perpetual Debentures 5 M&A earnings are annualized for ROCE calculation to appropriately represent the ratio based on restated

beginning of the year, depressing farm income and the purchasing power of farm households, which represent a majority of the population. Coupled with high levels of household debt, these factors limited the

person to be an authorized director). If the shareholders identified above do not represent the true shareholders, for example, those identified as a holding company or a nominee account, identify the

commissions agreed to by the underwriters or other placement or selling agents and the issuer or offeror, as well as the percentage that the commissions represent of the total amount of the offering. 3

Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1 | Bangchak Corporation Public Company Limited Management Discussion and Analysis of Business Operation For the year ended 31st December, 2017 http://www.google.co.th/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjD7_TkjpnTAhUWTo8KHY7JB7MQjRwIBw&url=http://quotesgram.com/green-backgrounds-with-quotes/&bvm=bv.152174688,d.c2I&psig=AFQjCNHfu2LjFbO_WhPIgFLat0wGu3Y2zg...

shares to the investor, the investor will represent 40 percent of the Company’s total issued shares (after the paid-up capital registration). Therefore, such issuance and allocation of newly issued

allocation of newly issued ordinary shares to the investor, the investor will represent 40 percent of the Company’s total issued shares (after the paid-up capital registration). Therefore, such issuance and

investor, the investor will represent 40 percent of the Company’s total issued shares (after the paid-up capital registration). Therefore, such issuance and allocation of newly issued ordinary shares is