PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS Q4/2019& FY 2019 MD&A PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4 2019 and FY2019 Global

. 5. General Characteristics of the Transaction Transaction Type: Acquisition or Disposal of Assets of Category 2 as classified following the Notification of the Stock Exchange of Thailand Consideration

Extraordinary General Meeting of Shareholders No. 1/2018 To: The President Stock Exchange of Thailand Enclosures: 1. Information Memorandum on the Asset Acquisition and Connected Transactions of U City Public

and Allocation of Securities to the Specific Investor (Private Placement) To The President The Stock Exchange of Thailand Attachment 1. Information Memorandum regarding the Acquisition of Assets and

Determination of the Date of Extraordinary General Meeting of Shareholders No. 1/2018 To: President The Stock Exchange of Thailand Enclosures: 1. Information Memorandum on the Offering of Newly Issued Ordinary

สิ์นของกองทุน รวมถึงอาจลงทุนในหุน้จีน A-shares ไดไ้ม่เกิน รอ้ยละ 40 ของมลูค่าทรพัยสิ์นของกองทุน โดยสามารถลงทุนโดยตรงผ่านโครงการ China-Hong Kong Stock Connect หรือผ่านการจดัสรรวงเงินลงทุนภายใตโ้ครงการ

Issued Preferred Shares to Specific Investors To: The President Stock Exchange of Thailand Enclosures: 1. Information Memorandum on the Asset Acquisition and Connected Transactions of U City Public Company

inflation in line with the world oil price (Source: The Bank of Thailand). The overall global aviation industry in the first 9 months of 2019, a growth in passenger traffic globally was supported by 4.5

growing number of travelers was stimulated by declining airfares and global economic recovery (Source: International Air Transport Association). For the second quarter of 2017, the number of international

1 --Translation-- Sor Gor 7/2018 January 19, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Unaudited) To: The President The Stock Exchange of Thailand