financial statements of IGE ended at December 31, 2017 are based on the following criteria: Financial data for Calculation DIMET Unit : Baht IGE Unit : Baht Total Assets 198,259,672.00 Total Assets

Discussion & Analysis (MD&A) Q4/2017 and FY2017 3 • Q4/2017 and FY2017 market environment Thailand’s Gross Domestic Product (GDP) has grew by 3.9% in 2017 which exceeds the 2016 by 0.7%, after recovering in

performance of the Group Unit: Million Baht 3Q17 3Q16 Increase (decrease) Variance (%) Total revenues 1,850 1,362 488 36% Net profit 54 95 (41) (43%) The Group has total revenues of Baht 1,850 million for 3Q17

commercial and passenger cars. Export-related manufacturing production, especially automotive, has continued to improve. The consensus view for 4% GDP growth in 2018 maybe revised upwards given the strong end

Limited Page 1/14 Management Discussion and Analysis for year 2019 1. Highlights Unit: million Baht Year 2019 Year 2018 P er fo rm a n ce Revenues 12,923 29,910 Sales Volume (k tons) 710 1,447 EBITDA (271

Unit: million Baht 2 nd Quarter 2017 2 nd Quarter 2016 Group Revenues 3,276 3,278 Group Sales Volume (k tons) 188 188 Group EBITDA 64 613 P er fo rm an ce Group Net Profit (Loss) (233) 183 HRC Sales (k

Management’s Discussion and Analysis (MD&A) For Q3/2017 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) Q3/2017 Unit: million Baht 3rd Quarter 2017 3rd Quarter

Management’s Discussion and Analysis (MD&A) for year 2017 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2017 Unit: million Baht Year 2017 Year 2016 Pe

Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) Unit: million Baht

1 G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2018 Unit: million Baht Year 2018 Year 2017 Pe rfo rm an ce Revenues 29,910 15,178 Sales Volume (k tons) 1,447 812