ENDED MARCH 31, 2019 1. Analysis of operation results for Firs quarter of 2019 in compar ison with those for the same quarter of 2018 (from the consolidated financial statements) Items First quarter of

1 Translation CEN 031-2018 August 14, 2018 Subject : Management Discussion and Analysis for business operation of Quarter 2-2018 To : The Manager and President The Stock Exchange of Thailand Business

, 2018 1. Analysis of operation results for the third quar ter of 2018 in compar ison with those for the same quar ter of 2017 (from the consolidated financial statements) Items Third quarter of 2018 Third

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the first quarter ended March 31st, 2018 Management Discussion and Analysis of Business

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 2nd quarter ended June 30th, 2018 Management Discussion and Analysis of Business Operation

decreased from the same period of the previous year in the amount of THB 600 million or decreased of 42.0 percent. Due to the airline shutdown operation and the temporary closure of restaurant and shop stores

solar power plant project in Myanmar (Green Earth Power (Thailand) Co.,Ltd.) increased and not yet been started the commercial operation. However this project is expected to be started the commercial

Earlier, the Civil Penalty Consideration Committee resolved to apply civil sanctions against Mr. A for obstructing and failing to set up a board of directors meeting and a shareholders meeting to

Protection for Subscribers upon the Expiration of Concession Agreements or the Agreement to Operate B.E. 2013. and (2) the Arbitral Tribunal ordering TRUE to pay TOT Public Company Limited (“TOT”) penalty for

function relating to trustee services, trustee operation, oversight of trustee operation or other similar business functions; (b) Business function relating to securities services, securities operation