statements in which equity method is applied of the Company and the consolidated financial statements of TSEO for the year ended 31 December 2017 as audited by the auditor and (2) the pro- forma consolidated

Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussion and analysis regarding consolidated financial performance and position of the Company and subsidiaries

comprised of enterprise business, grew 8. 8% YoY driven by improving sales in both telecom and ICT services as well as CSL’s revenue consolidated since Feb-18. Network OPEX excluding cost of TOT partnership

consolidated financial statements of the Company for the latest three-month period ended 31 March 2018. The total value of consideration is Baht 1,456.31 million, which is the total invest value, when deducting

paid basis and the total value of consideration equals to Baht 1,228.31 million, calculated from the reviewed consolidated financial statements of the Company for the latest three-month period ended 31

as integrated operators focused on offering higher bundling value than standalone products. 2 2Q18 MD&A Advanced Info Service Plc. 2Q18 Operational Summary In 2Q18, total mobile subscribers were 40.1mn

quality acquisition, AIS Fibre maintained price competitiveness amidst the intense market discounts offered by competitors. As a result, ARPU declined to Bt618 or -2.7% QoQ. With stronger AIS’s integrated

PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2017/18 30 OCT 2017 2Q 2017/18 SNAPSHOT & ANALYSIS CONSOLIDATED P&L SNAPSHOT THB (mn) 2Q 2016/17 1Q 2017/18 2Q 2017/18 QoQ (%) YoY (%) (Restated) Operating

of most appropriated methodologies from 2 independent financial advisory firms, the Company recognized the effect from loss of control in these two subsidiaries recorded in the consolidated statements

932 584 348 Operating Revenue Billboard Street Furniture 2016 2017 2017 CONSOLIDATED P&L SNAPSHOT CONSOLIDATED P&L SNAPSHOT 2017 PERFORMANCE ANALYSIS (YoY) 2017 was a year of high record revenue and