quarter of 2018 continued to grow year-on-year on the back of buoyant domestic demand. Private consumption continued to gain traction, supported by improvement in income and employment. Furthermore, there

ended 31 December 2019, which revenue and net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 31 December 2019 31 December 2018

Including other income and share of profit from investments in associates and JVs /2 Gross profit including share of profit from investments in associates and JVs /3 Normalized Total Revenue = Total Revenue

local and international customers. • Utilities income decreased by 4.5%, standing at THB 534.0 mm, mainly from lower excessive charge. However, if excluding the revenue from excessive charge, utilities

6 December 2007 1 | P a g e Pace Development Corporation Public Company Limited 87/2 CRC Tower All Seasons Place, 45th Floor, Unit 3, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Tel. 66 2 654

Income 94.3 0.9 262.0 1.6 167.7 177.7 Total Revenue 9,987.8 100.0 16,637.8 100.0 6,650.0 66.6 Expenses Cost of real estate sales 5,662.4 56.7 8,611.0 51.8 2,948.6 52.1 Selling expenses 1,179.2 11.8 2,446.5

9.9 ( 75.3 ) (17.4) Dividend income - - - - - - Gain from transfer of right for land purchase and sale agreement - - - - - - Gain on disposals of investments in subsidiaries 314.8 7.8 35.0 1.0 ( 279.8

Building Confidence in the Capital Market No. 115/2017 SEC notifies PACE to clarify the fair value measurement of its investment Bangkok, 16 November 2017 – The SEC has notified Pace Development

Bangkok, 16 November 2017 ? The SEC has notified Pace Development Corporation Plc. (PACE) to clarify the assumptions used in the fair value measurement of its investment in Pace Project One Co., Ltd

percent increase from last year, due to rising interest income as loan growth accelerated. However, loan impairment charges set aside for credit losses in compliance with IFRS9, which will be effective in