The first quarter of 2018/19 (ended 30 June 2018) 1 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018/19 8 AUG 2018 MEDIA INDUSTRY The Thai advertising market has been shaped by major

remained flat YoY at THB 1,920.5 million despite the impact of Kyat devaluation against Thai Baht (at constant FX, total Myanmar sales would have grown 9.1% YoY). Moreover, Cambodia sales remained a

mainly consist of salaries of back office staff, utility expenses, and depreciation of property, plant, and equipment in the back office. 2020 vs 201912M 38 39 162 148 Q4/19 Q4/20 2019 2020 13.3% 18.6% 3

1,251 Q4/2021 Q4/2022 Total Assets Total Liabilities and Equity Cash and Cash Equivalent Land, Property and Equipment Other Current Assets Other Non- current Assets Equity Current Liabilities Non-current

/2019. 2/ Impact from the adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16) since 1 January 2020 which caused higher depreciation and interest expenses (net after tax). Operating

/ Impact from the adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16) since 1 January 2020 which caused higher depreciation and interest expenses (net after tax). Operating Highlights Q1/2019

Ventures Public Company Limited for the first quarter of 2018 We are pleased to submit: 1. Consolidated and Company only Annual Audited Financial Statements for the first quarter of 2018 (a copy in Thai and

environment The Thai economy for the year 2018 expanded as expected according to its potential. For the last quarter of 2018, the economy continued to expand largely from domestic demands contributed both from

, 2019 (a copy in Thai and English) 2. Management Discussion and Analysis (MD&A) for the year ended December 31, 2019 (a copy in Thai and English) 3. Company's performance report, Form 45 for the year

of 2020 (a copy in Thai and English) 2. Management Discussion and Analysis (MD&A) for the second quarter of 2020 (a copy in Thai and English) 3. Company's performance report, Form 45 for the second