2.8% Revenue from finance lease under power purchase agreement 95.3 102.4 104.5 2.1% 9.7% 197.6 206.9 4.7% Cost of sales and services (1,174.0) (1,274.4) (1,191.7) (6.5%) 1.5% (2,323.4) (2,466.2) 6.1

Auditors Approved by the office of SEC 5. Total value of consideration and other conditions The Company purchase an existing ordinary share of HECH and purchase newly issue shares of GS both direct and

THB 7,650,000 from preferred shares) to THB 422,385,213 by cancelling 76,104,929 unissued shares with a par value of THB 3.00 per share; 5. Approved to propose that the shareholders’ meeting consider

payment period for the total amount within August 15, 2018. 3. Investment in the Biogas Power Plant Project The Company has executed the Share Purchase Agreement with the existing shareholders of

% 2,499.3 3,061.1 22.5% Revenue from finance lease under power purchase agreement 101.6 102.3 95.3 (6.8%) (6.2%) 200.8 197.6 (1.6%) Cost of sales and services (920.4) (1,149.4) (1,174.0) 2.1% 27.6% (1,795.1

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

the parent 443 428 682 54.0% 59.3% NNP per share (Baht per share) 0.17 0.16 0.26 54.0% 59.3% No. of shares in calculation (million shares) 2,607 2,607 2,607 B.GRIMM POWER PUBLIC COMPANY LIMITED

Total Revenue from Power Business and Share of Profit from Investment and Dividend Income totalled at Baht 340.6 million, a 48.3% decrease from Baht 659.2 million in 1Q2018. However, Normalized Share of

securities is approved by the mai. 11. Effects of the share offering on the Company and its shareholders (1) Effects on the profit sharing and voting rights (Control Dilution) CAZ’s capital increase will cause

according to their pre- emptive rights. (3) The IPO proposed by CAZ obtains approval from the SEC. (4) The listing of CAZ’s securities is approved by the mai. 11. Effects of the share offering on the Company