10th May, 2018 Subject: Management Discussion and Analysis (MD&A) of the financial as at and for three months’ period ending 31st March, 2018 Attention: President The Stock Exchange of Thailand P.C.S

period amounting to of Baht 64.61 million, an increase of Baht 49.20 million or 319.22% over the same quarter last year, due to the following significant factors : 1. Profit from underwriting rose by 28.66

a decrease of 6.78% when compared to the previous quarter and decrease 6.19% when compared to the same period of last year. Due to fluctuated situation of raw material price which effected to our

same period last year, which could be largely attributed to the factors as follows : 1. The company registered total sales revenue of Baht 1,150.03 million, representing an increase of Baht 132.90

million baht which is equivalent to 0.06 baht per share for the third quarter of 2017, compared to a net profit of 85 million baht for the same period in the previous year, representing a total decrease in

the Company was Baht 14.64 million decreased by Baht 49.21 million or 142.34% from the same period of last year. The main reasons were as follows:- 1. The consolidated sales decreased by Baht 55.59

. Sales and Services increase from 71.56 Million Baht to 76.54 Million Baht or 6.96% due to increasing revenues from contract manufacturing (OEM). 2. The company’s consolidated net loss for the period (Q.2

Granary Public Company Limited and its subsidiaries For the Twelfth-month period ended 31st December 2018 1. Overall performance Consolidated financial results of Patum Rice Mill and Granary Public Company

Matichon Public Co., Ltd and its affiliated companies which ended December 31, 2018 was ฿ 846.89 million, downed ฿ 76.95 million from the same period last year or 8.33 % while costs of sales and services was

Company Limited would like to clarify the operating results of the Quarter ended March 31, 2019 that has net Profit of Baht 39.21 million, decreased from the same period of previous year that has net profit