%) Specialty Chemicals 70% 57% 90% (21%) 71% 80% (9%) Consolidated Revenue1,2 2,832 2,930 2,920 (3%) 11,580 10,088 15% Integrated PET 1,826 2,026 1,947 (6%) 7,809 6,458 21% Fibers 858 771 714 20% 3,172 2,570 23

Management Discussion and Analysis for the 2nd Quarter 2019 Ended August 31, 2019 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated reviewed

consolidated reviewed the 3 rd quarter financial statements as of November 30, 2018 which were reviewed by Deloitte Touche Tohmatsu Jaiyos Audit Company Limited. The operating performance is summarized as

quality financial services to AEON cardholders. 2 Operating Results  Revenues In the fiscal year ended February 28, 2019, the Company’s consolidated revenues amounted to 20,642 million baht, an increase of

) 3.66 3 .48 3.31 5% 11% Consolidated Revenue1 3,240 2,722 2,942 19% 10% Core EBITDA2,3 369 255 304 45% 21% Combined PET 260 177 192 47% 35% Integrated Oxides and Derivatives 37 13 50 191% (26)% Fibers 72

% 48bps Olefins 22% 96% 99% -7,630bps 75% 91% -1,580bps Specialty Chemicals 78% 84% 81% -248bps 84% 74% 972bps Consolidated Revenue1,2 3,030 2,788 2,414 26% 11,357 8,811 29% Integrated PET 2,102 1,855 1,496

% 65% 48bps Olefins 22% 96% 99% -7,630bps 75% 91% -1,580bps Specialty Chemicals 78% 84% 81% -248bps 84% 74% 972bps Consolidated Revenue1,2 3,030 2,788 2,414 26% 11,357 8,811 29% Integrated PET 2,102

% 95% 90% -168 bps Packaging 61% 66% -513 pbs 65% 59% 69% -332 bps Specialty Chemicals 85% 74% 1,054bps 94% 101% 65% 2,942bps Consolidated Revenue1,2 10,741 8,438 27% 2,788 2,920 2,135 31% Integrated PET

661 6664-5 www.indoramaventures.com Ref.No.IVL001/01/2020 6th January 2020 President The Stock Exchange of Thailand Subject: Report on the Completion of the Acquisition of the Integrated Oxides and

661 6664-5 www.indoramaventures.com Ref.No.IVL005/12/2018 24th December 2018 President The Stock Exchange of Thailand Subject: Integrated PTA-PET assets at Corpus Christi Joint Venture Receives FTC