Justification_E_1-61 NO. AC. 002/2018 15 May 2018 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M. K. Real Estate

Company Limited (“Sansiri”), which is the companies carry on real estate development business; namely, Siripat One Company Limited (“1st Company”), Siripat Two Company Limited (“2nd Company”), Siripat Three

Justification_E_2-61 NO. AC. 003/2018 14 August 2018 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M. K. Real Estate

organization and resources to be used for risk management operations, in line with risk management policy. This strategy must enable effective analysis, assessment, evaluation and monitoring of risk management

.  Restriction on utilization of real estate has been removed by adding right-based asset as a new asset class which involves the right to use properties that can be transferred and placed as a guarantee for debt

management policy. This strategy must enable effective analysis, assessment, evaluation and monitoring of risk management.  Credit Risk Management Sub-committee and Corporate Governance Committee oversee

Clause 31 in order to identify the real client or beneficial owner. In case the client refused to give personal information or the information are substantially insufficient or not current, or there is

follows: I. The operating revenue break down by business segment In the first quarter of 2018, the Company and its subsidiaries’ revenues from sales of real estate decreased while the property rentals

ที่ บช NO. AC. 01/2019 22 February 2019 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M. K. Real Estate Development

the 3-month period ended 31 March 2018 31 March 2019 Change Millions of THB % Millions of THB % Millions of THB % Revenue from sale of real estate 440.40 97.86% 346.20 87.55% (94.20) (21.39%) Revenue