equivalents - ending balance 1,489.3 3,631.3 1. Cash flows from operating activities The Company had cash inflows (outflows) from operating activities for the second quarter of 2017 was THB 270.9 mm which

(Annualised) 312 195 2 442 323 Beginning cash (30-Dec-16) CFO CFI CFF Ending cash (30-Sep-17) 3Q 2016 3Q 2017 3Q 2016 3Q 2017 Profitability Ratios Liquidity Ratios Gross profit 1 (%) 54.3% 59.5% Current ratio

statement, “the dividend yield presented was calculated from the investment units’ offering price at /of ……. Baht and the occupancy rate at …….% which is the estimation for the period of …… year(s) ending

’ offering price at /of ……. Baht and the occupancy rate at …….% which is the estimation for the period of …… year(s) ending …..(date)….. and not guaranteed”; (8) the information under (5) and the statement

and the occupancy rate at …….% which is the estimation for the period of …… year(s) ending …..(date)….. and not guaranteed”; (8) the information under (5) and the statement under (7) shall be on the

…… year(s) ending …..(date)….. and not guaranteed”; (8) the information under (5) and the statement under (7) shall be on the same page as the information under (3) and the font size of the information

[COMPANY NAME] Ref.: EFORL IR008/2019 March 7, 2019 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2018 To President The Stock Exchange of Thailand 1. Overview financial

) from financing activities (700.7) (807.3) Net increase in cash and cash equivalents 1,022.1 (721.2) Cash and cash equivalents - ending balance 2,930.0 2,439.0 1. Cash flows from operating activities The

Beginning cash (31-Dec-18) CFO CFI CFF Other* Ending cash (31-Mar-19) *Other was the translation adjustments MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 13 MAY 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE

activities Net cash used in financing activities Net cash used in investing activities Ending cash and cash equivalents (31 Mar 2019) Unit: THB millions Osotspa Public Company Limited Q1’19 Management