0.24 637.9% Change Change Dusit Thani PCL Management Discussion and Analysis For 2Q18 and 1H18 P a g e | 2 Following continuous investment in renovations of several long-established Dusit hotels, and

value will be realized in profit and loss statement in such period. In 1Q2020, the significant change in fair value of derivatives the Company has was from the conversion option embedded in convertible

higher personnel expense of hotel and education business to support business expansion as well as the legal and financial advisory fees of the Mixed-use project, corporate restructuring project and other

Nation U Co., Ltd., the subsidiary of the Company, and change in the accounting policy regarding the record of the land valuation To: Director and Manager The Stock Exchange of Thailand (SET) Attachment

costs but these efficiencies will not cover the full impact. We are communicating the rise in input costs to our customers as there will be a price rise as a consequence. Q1 2018 Q1 2017 YoY change YoY

Unit : million baht Service income Q3/ 2020 % Q3/ 2019 % Change 9M/ 2020 % 9M/ 2019 Change Sea freight 162.62 18% 168.23 28% -3.33% 435.87 16% 502.43 30% Air freight 436.33 47% 214.80 35% 103.13

unauthorized use of another person’s information for conducting transactions, as well as to prevent money laundering, along with financing of terrorism and proliferation of weapons of mass destruction. Major

Operating Systems Legal Basis for Data Processing The SEC Office collects your personal data to use in the analysis and the inspection or research into investment behavior and overview of foreign investment

follows. Financial performance Statement of income Consolidated Financial Statements for Quarter 3 of 2020 Quarter 3 of 2019 Change (Unaudited but reviewed) (Unaudited but reviewed) Increase (Decrease) THB

three-month period ended Q1-2020 Q1-2019 Change 2020 2019 THB Mn % Sales of electricity - FiT 623.1 580.4 42.7 7.4 FiT Premium 43.7 42.6 1.1 2.6 Sales of electricity to Industrial Users (IU) 4.7 2.4 2.3