, 2004 (collectively the “Notifications on Acquisitions or Dispositions”). Size of the transaction by the highest value based on total considerations (Translation) Page 2 of 2 method is equal to 13.37

construction phases for eight projects with a total value of Baht 171 billion. In addition, the government pushed forward its policies to help the grass roots, such as the “Public-Private Collaboration” scheme

that may be materially misleading. 2. The Company’s indebtedness 2.1 The total amount of issued and unissued debt instruments resolved by the shareholders’ meeting with authorisation to the Board of

Income for the year 2019 per following table: (THB) Million 2019 2018 Change %Change Total Revenues 531.73 538.96 (7.23) (1) Total Expenses (497.06) (488.86) 8.20 2 Shares of Profits (Loss) (46.23) 26.72

&A 4 Strategic Investments IVL continued in its earnings accreting growth journey through several acquisitions and organic imperatives with an overall capital investment of $2.26 billion in 2018 which

March 2018, GPSC and its subsidiaries' total assets increased by Baht 2,095 million or 3.5% from 31 December 2017, mainly from the increase in cash and cash equivalents as well as the investments

times its total foreign-currency-denominated debt. The Thai baht stood at 32.55 THB/USD at the end of 2018, easing by 0.75 percent from 32.31 THB/USD at the beginning of the year. On the domestic front

9M2019 9M2018 YoY Total Revenue 46,481 48,326 -4% 53,461 -13% 140,343 143,244 -2% Accounting EBITDA 2,141 2,189 -2% 4,160 -49% 6,289 10,518 -40% Refinery and Trading Business Group 1/ 631 650 -3% 2,142 -71

position for the year 2017 with those of 2016. This report discusses principal changes in the unaudited consolidated financial statements. Overall market environment The Thai economy in 2017 showed clear

-Controlling interests at 30.89% (32,092) Total Net Asset obtained GLOW at 69.11% 56,911 Goodwill 36,090 Proportion of acquisition cost 69.11% 93,001 From the fair value measured in the table, the majority