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OISHI MD&A Q3-2020_EN 1/5 No: SN. 117/2020 11 August 2020 Subject: Management Discussions and Analysis for the three-month and nine-month periods and Financial Position ended June 30, 2020 Attention

1 Translation CEN 001-2021 March 1, 2021 Subject Management Discussion and Analysis for the year 2020 To The Manager and President The Stock Exchange of Thailand Capital Engineering Network Public

Discussion and Analysis for the year ended 2019 To: The President The Stock Exchange of Thailand Seven Utilities and Power Public Company Limited (“the Company”) would like to report the operating results of

Analysis for the second quarter ended June 30, 2020 Attention The President The Stock Exchange of Thailand Attachment Report and interim financial statement for the second quarter ended June 30, 2020

Management Discussion and Analysis for the third quarter ended September 30, 2019 Attention The President The Stock Exchange of Thailand Attachment Report and interim financial statement for the third quarter

estimated; and 2. projection of rental income which is certified by a property valuer approved by the Office; (b) sensitivity analysis which has been audited by an auditor or a financial advisor approved by

by the Office; (b) sensitivity analysis which has been audited by an auditor or a financial advisor approved by the Office, or any other persons approved by the Office. Such analysis shall also

valuer approved by the Office; (b) sensitivity analysis which has been audited by an auditor or a financial advisor approved by the Office, or any other persons approved by the Office. Such analysis shall

the fund’s performance to be different from estimated; and 2. projection of rental income which is certified by a property valuer approved by the Office; (b) sensitivity analysis which has been audited