wherein individual shareholders shall not include as taxable income and not be entitled to a dividend tax credit in the computation of tax. Management Discussion & Analysis (MD&A) Q3/2017 Management

ด้วยอัตราแลกเปลี่ยนเพื่อเทียบกับค่าสกุลเงินบาท ณ วันท่ีคำนวณผลตอบแทน ร้อยละ 25 Benchmark Benchmark is • 75% of S&P 500 Index adjusted by cost of FX hedging and converted to Thai Baht on the calculation

government bond or other assets as notified by the Office. The calculation of collateral value shall be made in accordance with the notification of the Office; (2) the deposition of collateral which is

as notified by the Office. The calculation of collateral value shall be made in accordance with the notification of the Office; (2) the deposition of collateral which is securities shall be made by

Baht, letter of credit, Thai government bond or other assets as notified by the Office. The calculation of collateral value shall be made in accordance with the notification of the Office; (2) the

calculation of the return or performance in the past shall be prepared in accordance with performance measurement standards as set out in the notification of the Association; (3) The advertisement with

standards set out by the Association. The statement shall be placed after the statement under (a) and on the same page; (2) The calculation of the return or performance in the past shall be prepared in

) The calculation of the return or past performance shall be prepared in accordance with performance measurement standards as set out in the notification of the Association; (3) The advertisement which

standards set out by the Association. The statement shall be placed after the statement under (a) and on the same page; (2) The calculation of the return or past performance shall be prepared in accordance

compare to the total assets of the company and its subsidiaries in consolidated financial statement as at December 31, 2018 (the total assets in amount of 10,015,251,198 Baht) The transaction calculation by