follow; unit: million baht Items 3-month periods ended 31 March Changes 2018 2019 Amount % Amount % Amount % Revenue from sales of goods 82.42 100.00 113.01 100.00 30.59 37.11 Cost of sales of goods 65.35

August 7, 2019 Re : Management Discussion and Analysis for Q2/2019 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated revenue

) Revenue Total revenues from operation of SAAM Group consist of (1) revenues from provision of service and rental including the procurement of project site location and rendering of related services to

+ (-) % Total revenue 53,712.00 27,095.00 98.24 Revenue from Sale 53,152.00 25,997.00 104.45 Cost of sales 33,247.00 16,594.00 100.36 GROSS PROFIT 19,905.00 9,403.00 111.69 Selling and Administrative Expenses

2019 30th June 2018 30th June 2019 30th June 2018 million baht % million baht % million baht % million baht % Revenue from sale of real estate 246.79 97.43 993.98 99.54 246.79 94.26 993.98 99.19 (747.19

same period of last year which have net loss of 49.85 million baht, a decreasing in loss of 5.56 million baht or 11.15 percent compared to last year resulting from the following reasons: 1. Sales and

Q1’ 2018, which is increased by Baht 407 million or 26% compared to the total revenues of Baht 1,570 million for Q1’ 2017. The increase results from higher revenues from telecommunication business and

company recorded total revenue of 327.41 million Baht in the first quarter of 2018, which increased from that of the same quarter last year totaling 132.64 million Baht or 68.10%. The company recorded

the total revenues of 4,239 MTHB of which 4,190 MTHB earned from sales revenues. Sales revenues decreased by 367 MTHB or 8.1% comparing to the same period of the year 2017. Such decrease was mainly from

between April and June 2018 with the details below. In the second quarter of 2018 the Company and its subsidiaries had total revenues of 146.70 million Baht, a decrease of 145.79 million Baht from the same