system to meet the demand of the customers. Q1/2018 Market environment and Directions in 2018 In terms of the situation in the power industry for the year 2018, the Energy Regulatory Commission (ERC

identify the applicable share swap ratio for the Transaction, and may subject to the situation from time to time; 1. Discounted Cash Flow Method (“DCF”) • The discounted cash flow method will be applied to

price, therefore the private placement does not limit the rights of existing shareholders. The Board of Directors see that the offered price is suitable for the situation. 7 .6 Worthiness of benefits

investors. The debenture was rated A+(tha) by Fitch Ratings (Thailand) which reflects the strength of the company’ financial situation. In this offering, the booking of this debenture is 7 times higher than

client or is necessary and useful for the client in the situation at that time; (2) dealing the transaction similarly to arm’s length transaction basis; (3) conforming to additional conditions (if any), as

MW which occurred in April 2018. In terms of power industry situation for the second half of 2018, the Energy Regulatory Commission (ERC) decided to maintain Ft rate at -15.9 Sa-tang per unit with the

, credit, and property funds in nine core businesses that Apollo specializes in. Seller : Goldman Sachs Investments Holdings (Asia) Limited Address : Level 3, Alexander House, 35 Cybercity, Ebene, Mauritius

funds in nine core businesses that Apollo specializes in. Seller : Goldman Sachs Investments Holdings (Asia) Limited Address : Level 3, Alexander House, 35 Cybercity, Ebene, Mauritius c/o Goldman Sachs

Core EBITDA Margin ในระดบัร้อยละ 18-20

equivalent to 37.5 percent, and has expended THB 324,999,779.28 in negotiation process in acquiring such shares. In carrying on TMX Business, core revenues will be generated in 4 categories: 1) Revenue from