Hemaraj Leasehold Real Estate Investment Trust (HREIT) and increase in normalized share of profit from investments in power associates. Such impact from FX losses was only accounting implication and did not

8.3 Housing loan 20,516 8.8 18,642 8.2 10.1 Commercial Lending 56,151 24.1 55,813 24.4 0.6 Real Estate Development loan 30,682 13.1 29,052 12.7 5.6 SMEs loan 25,470 10.9 26,760 11.7 (4.8) Corporate

7,627 3.3 7,040 3.1 8.3 Housing loan 20,516 8.8 18,642 8.2 10.1 Commercial Lending 56,151 24.1 55,813 24.4 0.6 Real Estate Development loan 30,682 13.1 29,052 12.7 5.6 SMEs loan 25,470 10.9 26,760 11.7

ที่ บช 2017 2016 Increase (Decrease) % Operating Results : 2nd Quarter Revenue from sales of real estate 602,001 615,657 (13,656) (2.22) Total revenues 687,009 675,185 11,824 1.75 Total expenses

associates increased by 24.8%, mainly from increase in revenue from sale of investment properties resulting from the asset monetization to Hemaraj Leasehold Real Estate Investment Trust (HREIT) and increase in

investment properties resulting from the asset monetization to Hemaraj Leasehold Real Estate Investment Trust (HREIT) and increase in normalized share of profit from investments in power associates. Such

1,639.9 763.2 87.0% Gross Profit Margin 36.1% 51.1% GPM before adjustment with PPA 49.3% 56.6% Income from sales of real estate during the year of 2017 stood at THB 3,210.8 mm, which increased by THB 785.3

ที่ บช NO. AC. 03/2019 14 August 2019 Subject: Inform the operating performance for the second quarter of 2019 To: The President of the Stock Exchange of Thailand M.K. Real Estate Development Plc

. Domestic demand continued to expand from private consumption and public spending, while private investment contracted especially in real estate sector in line with decline in the supply of new real estate

from investment partners in PP1 and PP3; investments in joint ventures decreased to 6,434 million Baht. The main assets consisted of: cash and cash equivalent of 2,548 million Baht, real estate