Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Q3/2019 and 9M/2019 ended 30 September 2019 1. Q3/2019 Highlights Figure 1: Quarterly results  In

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Second Quarter and Six-Month Period Ended 30 June 2017 1. Q2/2017 Highlights Figure 1: Quarterly

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Q2/2019 and H1/2019 ended 30 June 2019 1. Q2/2019 Highlights Figure 1: Quarterly results  In Q2

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Third Quarter and Nine-Month Period Ended 30 September 2018 1. Q3/2018 Highlights Figure 1

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the year ended 31 December 2019 1. Year 2019 Highlights Figure 1: Quarterly results  In Q4/2019, the

Quarter 2019 MD&A 7 Figure 1: PTA-PET Integrated Margin ($/MT) - - - Fibers  Production of 382 thousand tons (+22% YoY; +7% QoQ)  Core EBITDA of $59 million (+20% YoY; -14% QoQ)  Core EBITDA margin was 8

Figure 1. At the same time, electricity consumption of the country in EGAT’s system as of December 2019, including electricity consumption outside EGAT’s system as of November 2019 stood at 210,752

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Fourth Quarter and the Year Ended 31 December 2018 1. Q4/2018 Highlights Figure 1: Quarterly results

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Fourth Quarter and the Year Ended 31 December 2017 1. Q4/2017 Highlights Figure 1: Quarterly results

capacity of electricity sold to EGAT was 3,332.08 megawatts, representing 6.80% of the country’s contracted capacity in 3 power authorities system, as presented in Figure 1 Figure 1 The country’s contracted