from prior year by Baht 801.9 million or 96.3% due following to: Description 2019 Million Baht 2018 Million Baht Change Million Baht Change (%) Revenue from real estate segment - 800.0 (800.0) (100.0

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

million, mainly caused by increased of finished goods Baht 330.4 million, work in process Baht 14.7 million, raw materials Baht 53.7 million, supplies Baht 38.7 million, and decreased of goods in transit

finished goods Baht 318.0 million, raw materials Baht 66.2 million, supplies Baht 0.3 million, goods in transit Baht 33.8 million and increased of work in process 47.4 million. -2- 5. Maintenance supplies

, supplies Baht 13.4 million and goods in transit Baht 20.2 million. -2- 5. Maintenance supplies increased Baht 51.8 million. 6. Property, Plant and equipment increased Baht 740.0 million. 7. Deferred tax

31.0 million. 4. Inventories increased Baht 428.6 million, mainly caused by increased of finished goods Baht 362.9 million, raw materials Baht 63.3 million, supplies Baht 1.9 million, goods in transit

. Inventories increased Baht 127.1 million, mainly caused by increased of finished goods Baht 120.8 million, raw materials Baht 27.3 million, supplies Baht 2.8 million, goods in transit Baht 19.5 million and

, decreased of finished goods Baht 3.5 million and goods in transit Baht 22.2 million. -2- 5. Maintenance supplies increased Baht 15.2 million. 6. Property, Plant and equipment increased Baht 1,592.3 million. 7