- Page 3 of 11 ICUK recognizes the dynamics and competitive setting of energy drink market as well as the high bargaining power of leading modern trade operators in the UK, causing longer lead time than

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 1 Year 2019 Ended March 31, 2019 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

expected to remain on track for the rest of 2019 with respect to volume growth, higher operating rates and communserate EBITDA contributions. Project Business Year Total Installed Capacity (MMt) Corpus

breakdown by geography2 Thailand 6% 7% 6% 6% 6% Rest of Asia 20% 19% 17% 19% 19% Americas 36% 36% 38% 36% 38% Europe 31% 33% 33% 32% 31% Rest of the World 7% 6% 6% 7% 6% 1 Consolidated financials are based on

Consolidated Revenue1 THBm 96,001 83,591 72,605 32% 326,152 281,205 16% $m 2,920 2,618 2,174 34% 10,088 8,148 24% Revenue breakdown by geography2 Thailand 5% 6% 6% 6% 6% Rest of Asia 19% 20% 18% 19% 18% Americas

directors that differs from the rest of the board None Remarks: The company has submitted the lowest price and has undergone price negotiation with the organization that is the project owner. However, the

, which do not confer the control power to the Company - 1,006,580 ordinary shares in Hero Experience, representing 37.5 percent of the registered capital of Hero Experience. - 37.5 percent rights to

1 August 17, 2018 Subject: Capital Increase for Offering for Sale to Specific Investors (Private Placement), Connected Transaction, Amendments to Articles of Association/Objectives of the Company and Determination of the Date of Extraordinary General Meeting of Shareholders No. 1/2018 To: President The Stock Exchange of Thailand Enclosures: 1. Information Memorandum on the Offering of Newly Issued Ordinary Shares to Specific Investors (Private Placement) at the Offering Price with a Discount of...

1 August 17, 2018 Subject: Capital Increase for Offering for Sale to Specific Investors (Private Placement), Connected Transaction, Amendments to Articles of Association/Objectives of the Company and Determination of the Date of Extraordinary General Meeting of Shareholders No. 1/2018 To: President The Stock Exchange of Thailand Enclosures: 1. Information Memorandum on the Offering of Newly Issued Ordinary Shares to Specific Investors (Private Placement) at the Offering Price with a Discount of...

, there were 2 villas of MahaSamutr project transferred and recognized revenue of 96 million Baht. The Company expects to be able to transfer the rest of the villas to the customers in 2019. Besides