may not match to IVL due to holdings segment (3) Periods with Restated or (R) are restated numbers as per the adoption of new and revised TFRS. Executive Summary IVL management is pleased to announce

– net and the total revenue decreased from the same period of the last year equivalent to 17.89 percent and 17.51 percent respectively. Currently, the Company has the proportion between export sales and

from that of the same period of last year. Major Developments in 9M17 • Approved in the EGM 1/2016, in 1H17 the Company acquired 60% stake in NVD, previously called Daii Group Plc. (‘DAII”), through the

Indorama Ventures 1st Quarter 2018 MD&A 2 1Q 2018 Summary Financials Table 1: Core Financials of Consolidated Business Quarterly Last Twelve Months $m 1Q18 4Q17 1Q17 1Q18 YoY LTM 1Q18 LTM 1Q17 LTM YoY

time last year. Industrial sales volume increased by 23 million liters (+4%) due to the same period of the previous year where Thailand experienced a severe drought which significantly reduced fuel

general meeting of shareholders to be held within four (4) months of the last day of the fiscal year of the Company. Shareholders’ meetings other than the one referred to in the paragraph above shall be

Vienna House Capital GmbH and Lombard Estate Holdings Limited, sold the entire ordinary shares in VI Europaische Franchise GmbH (33.3%) to an unrelated person, for a total price EUR 27,000 Joint Venture

interest), Star Energy Group Holdings Pte. Ltd., and AC Energy Holding, Inc., has entered into Share Sale and Purchase Agreements with PT Austindo Nusantara Jaya Tbk (“ANJ”) to acquire 95% share of PT

million Baht; increased by 40.2 as compared to last year of 2,357 million Baht, (2) administrative expenses of 2,508 million Baht; increased by 35.4% as compared to previous year of 1,852 million Baht, (3

and Administrative expense in its initial phase, resulting in the soften operation performance compared to last year. Power Plant Business Group, performance improved due to the commencement of the