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3344 Fax. 66 2 654 3323 No. PACE IR2018/015 Date: 14 August 2018 Subject: Explanation of the Operating Results for the second quarter of the year 2018 ended 30 June 2018 changing over 20% To: The

) (11.26%) Selling and administrative expenses 122.06 136.78 (14.72) (10.76%) 245.96 242.51 3.45 1.42% Operating profit 252.07 375.68 (123.61) (32.90%) 683.98 832.95 (148.96) (17.88%) Finance cost 42.79

1) consolidated operating loss of Baht 5 million during the first half of the year; 2) the recorded transaction of treasury shares from shareholders’ equity for financial management of 4 million

year ended 2017 since the Company and subsidiary has  Net cash flows provided by operating activities Baht 730 million บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion

8 บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 1 Ending 31 March 2019 G Steel Public Company Limited Page 1/12 Management Discussion and

. 2535; (11) The Ministerial Regulation Concerning Approval for Undertaking Securities Business in the Category of Mutual Fund Management B.E. 2545; (12) The Ministerial Regulation Concerning Approval for

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Osotspa Public Company Limited Q1’19 Management Discussion & Analysis 14 May 2019 Q1’19 Management Discussion & Analysis Page 1/6 Financial Highlights - Q1’19 Net profit* was at THB 888 million