were, Description Quarter2/2018 Quarter2/2019 Differentiate Million THB % Million THB % Million THB % Revenues Revenues from sales of real estate 3,625.9 86.7 2,825.8 84.7 (800.1) (22.1) Revenues from

Real Estate s.r.o. (“VBRE”) (the Company’s newly established subsidiary in which the Company indirectly holds 100% of the total issued shares through Lombard Estate Holdings Limited, the Company’s

points at the end of 2018. Overall Business Operations The Bank’s loan portfolio during 1Q19 grew 1.9% with growth driven by corporate banking loans, real estate development loans and housing loans while

and real estate development loans. 6 Meanwhile, cost of fund for 2018 was maintained at 2.3% resulting in loan spread to decline from 5.2% in 2017 to 5.0% for 2018. % 4Q17 2017 1Q18 2Q18 3Q18 4Q18 2018

from 7.5% to 7.2% yoy from the expansions of loan portfolio in the low yield segment – housing loans, corporate lending and real estate development loans. 6 Meanwhile, cost of fund for 2018 was

.Revenues 1.1 Sales of Construction Supply 950.86 967.78 860.99 1.2 Revenue from Real Estate Business 226.36 263.75 71.12 1.3 Total Revenues 1,177.22 1,231.53 932.11 2.Gross Profit ( % of Revenues) 2.1 Sales

marketing activities. 1.3) Revenue from selling of real estate increase 62 . 6 7 million baht or 100% due to its subsidiaries start to recognize revenue from selling of real estate. 1.4) Revenue from

.Revenues 1.1 Sales of Construction Supply 860.99 933.38 1,044.70 1.2 Revenue from Real Estate Business 71.12 79.60 107.50 1.3 Total Revenues 932.11 1,012.98 1,152.20 2.Gross Profit ( % of Revenues) 2.1 Sales

.Revenues 1.1 Sales of Construction Supply 967.78 860.99 933.38 1.2 Revenue from Real Estate Business 263.75 71.12 79.60 1.3 Total Revenues 1,231.53 932.11 1,012.98 2.Gross Profit ( % of Revenues) 2.1 Sales

Office of the Securities and Exchange Commission No. SorJor. 28/2555 Re: Reporting of Circumstances of Real Estate Investment Trust after Offer for Sale of Units ____________________ By virtue of Section