Management Discussion and Analysis ( - translation - ) For operating result of 2Q19, ended 30 June 2019 Raimon Land Public Company Limited | 14 August 2019 1 / 8 Major Events in 2Q19 and July 2019

MMS-AC62/013 August 7, 2019 Subject: Management Discussion and Analysis of Operating Results for 2Q19 ending June 30, 2019 To: The President of the Stock Exchange of Thailand Matching Maximize Solution

-4124 MMS-AC63/039 August 7, 2020 Subject: Management Discussion and Analysis of Operating Results for 2Q20 ending June 30, 2020 To: The President Stock Exchange of Thailand Matching Maximize Solution

effective mall management and operating cost control despite major renovations at CentralWorld and CentralPlaza Rama 3 The Thai economy in 3Q17 continued to expand courtesy of solid growth in export of goods

mall management and effective operating costs control The Thai economy in 2Q17 continued to expand and recovered at a modest pace, driven by export of goods which showed a high expansion, and the tourism

Management Discussion and Analysis ( - translation - ) For operating result of 3Q19, ended 30 September 2019 Raimon Land Plc. | 14 November 2019 1 / 7 Major Events in 3Q19 July  Issued unsubordinated

. • Operating Profit: rose by 104.10% YoY • EBITDA: it was made evident that the corporate and business strategy restructuring, efficient cost management together with business reorganization by emphasizing in

หน้าที 1 จาก 5 GEL.CS.019/2560 15 August 2017 Subject Explanation and analysis of management for operating results of the Second Quarter Ended June 30, 2017 To Director and Manager The Stock Exchange

หน้าที่ 1 จาก 5 GEL.CS.024/2560 15 November 2017 Subject Explanation and analysis of management for operating results of the Third Quarter Ended September 30, 2017 To Director and Manager The Stock

-AC61/022 November 7, 2018 Subject : Management discussion and analysis of the operating results for the third quarter of 2018, ending September 30, 2018 To : The President of the Stock Exchange of