over net earned premium increased from 57.77% in the same quarter last year to 62.51%, as the terms and conditions of compulsory motor insurance had been adjusted in accordance with the notification of

the ratio of the claim expenses (including loss adjustment expenses) over net earned premium increased from 60.22% in the previous year to 61.59% in the reported year because of the fact that the

amount of Baht 20.15 million due to the increase of earned premium net of reinsurance in amount of Baht 25.91 million 2. Income from investment and other income compared to the same period of last year

235.81% due to net earned premium and fee and commission income amounted to Baht 586.04 million, an increase of Baht 119.33 million or 25.57%, while net claim and operating expenses increased by only 5.66

/USD 32.31 in 2018 which was 5% stronger than the THB/USD 33.93 in 2017. Exceptional Items There were no Exceptional Items in 2019, 2018 or 2017. Subsequent Event None reviewQ419.xlsx MD&A 2019 24/02

34.25 in 2015. Exceptional Items There were no Exceptional Items in 2017, 2016 or 2015. Subsequent Event None

uncertainty concerning entity’s ability to continue as a going concern (paragraph........); ( 5.2 An uncertainty relating to the future outcome of exceptional litigation or regulatory action (paragraph

uncertainty relating to the future outcome of exceptional litigation or regulatory action (paragraph........); ฆ 5.3 A major catastrophe that has had, or continues to have, a significant effect on the entity’s

apply) ( 5.1 Using of going concern assumption appropriate but a material uncertainty exists (paragraph number.......) ( 5.2 An uncertainty relating to the future outcome of exceptional litigation or

of IPO Sale Reports - WHART : WHA PREMIUM GROWTH FREEHOLD AND LEASEHOLD REAL ESTATE INVESTMENT TRUST Type of securities : Real Estate Investment Trust (REIT) | Effective Date : 13/11/2017 | Close