Management Discussion and Analysis ( - translation - ) For operating result of 3Q19, ended 30 September 2019 Raimon Land Plc. | 14 November 2019 1 / 7 Major Events in 3Q19 July  Issued unsubordinated

Company Limited  Land and Houses Bank Public Company Limited  Land and Houses Fund Management Company Limited  Land and Houses Securities Public Company Limited  Land and Houses Advisory Company Limited

Group Public Company Limited  Land and Houses Bank Public Company Limited  Land and Houses Fund Management Company Limited  Land and Houses Securities Public Company Limited  Land and Houses Advisory

Limited  Land and Houses Bank Public Company Limited  Land and Houses Fund Management Company Limited  Land and Houses Securities Public Company Limited  Land and Houses Advisory Company Limited On June

list of the Office of Securities and Exchange Commission) and the asset assessment value of the land, structures and machines recommended by the asset appraiser from Prospec Appraisal Co., Ltd. (asset

responding and counterclaiming for damages in the amount by Baht 106. 3 million, including the interest, on the ground of the breach of contract against the Company. The Company’ s lawyer suggested that the

submitted its testimony responding and counterclaiming for damages in the amount by Baht 106.3 million, including the interest, on the ground of the breach of contract against the Company. The Company’s

, the Company has submitted its testimony responding and counterclaiming for damages in the amount by Baht 106.3 million, including the interest, on the ground of the breach of contract against the

the following information of mutual funds and trusts, unless there is any ground resulting such duties to be ceased under Part 4: (1) The reports on financial and non-financial information are as

4.61 124.6% 4. Profit from sale un-used Land - 132.39 - (132.39) 100% 5. Selling expenses, administrative expenses and financial cost 55.22 57.03 52.69 (1.54) -2.7% 6. Income tax expenses 9.60 35.97