-ups in Egypt and Portugal and significantly higher crude oil environment. Indorama Ventures 3rd Quarter 2018 MD&A 4 Strategic Progress Structural Change in Industry and IVL initiatives 2018-2019

exempt from clauses under any credit agreements made between Kasikornbank Public Company Limited and the Company relating to the change of main shareholder and director of the Company and condition

the amount of USD 9,000,000, or equivalent to THB 310,583,000 (the “1st Loan Portion”). The Company will be able to use the 1st Loan Portion for 2 The said shareholding percentage will change to 58.15

shall update the list within 14 days as from the date of such change. Clause 22 An intermediary shall report the SEC Office in writing in case there is a certain fact appeared that the persons appointed

of such change. Clause 22 An intermediary shall report the SEC Office in writing in case there is a certain fact appeared that the persons appointed or assigned to perform functions [of the positions

on the displayed list, the intermediary shall update the list within 14 days as from the date of such change. Clause 22 An intermediary shall report the SEC Office in writing in case there is a certain

its website. In case of changing the names of persons on the displayed list, the intermediary shall update the list within 14 days as from the date of such change. 13 Clause 22 An intermediary shall

will change to 58.15 percent in case of registration of the Company’s paid-up capital resulting from the allocation of the newly issued ordinary shares to the existing shareholders pro rata to their

percentage will change to 58.15 percent in case of registration of the Company’s paid-up capital resulting from the allocation of the newly issued ordinary shares to the existing shareholders pro rata to their

shareholding percentage will change to 58.15 percent in case of registration of the Company’s paid-up capital resulting from the allocation of the newly issued ordinary shares to the existing shareholders pro