Page 1 of 3 (Translation) IR 036/17 November 13, 2017 Re : To ratify the Loans provided for The Iconic Property Company Limited based on shareholding proportion. (Additional) To : Director and

Total Assets 289,669 100% 353,797 100% 4Q20 - 10,314 3,128 - - Trade payable 22,037 7.6% 23,228 6.6% 2021 1,776 12,079 3,128 7,565 - ST loan & CP of LT loans 24,872 8.6% 28,847 8.2% 2022 - 14,040 - 7,565

18,422 6.3% 22,037 7.6% 2021 1,776 12,079 3,128 7,565 ST loan & CP of LT loans 17,104 5.9% 24,872 8.6% 2022 - 13,440 - 7,565 Accrued R/S expense 5,362 1.8% 5,248 1.8% 2023 7,820 6,883 - 7,565 Others 31,877

59,574 ST loan & CP of LT loans 17,104 5.9% 11,206 3.8% 2021 1,776 12,079 3,128 - Accrued R/S expense 5,362 1.8% 5,362 1.8% 2022 - 13,440 - - Others 31,877 11% 44,093 15% 2023 7,820 6,550 - - Current

be recorded as finance costs in the Statement of Income. Loans are repaid in installments upon unit transfer. Management Discussion and Analysis ( - translation - ) For operating result of 2Q19, ended

, which are capitalized as development costs for respective projects till construction completion. Thereafter, such interest costs will be recorded as finance costs in the Statement of Income. Loans are

Assets 289,669 100% 368,074 100% 2H20 - 11,714 3,128 21,747 - Trade payable 22,037 7.6% 23,977 6.5% 2021 1,776 12,079 3,128 7,565 - ST loan & CP of LT loans 24,872 8.6% 24,196 6.6% 2022 - 13,440 - 7,565

2600MHz 700MHz Total Assets 350,171 100% 363,733 100% 2021 1,776 13,329 3,128 7,565 - - Trade payable 22,382 6.4% 22,310 6.1% 2022 - 14,040 - 7,565 - 3,473 ST loan & CP of LT loans 18,748 5.4% 17,205 4.7

5,404 1.6 % 5,403 1.6 % Total Assets 337,044 100 % 330,434 100 % Trade payable 24,215 7.2 % 16,782 5.1 % ST loan & CP of LT loans 20,496 6.1 % 17,307 5.2 % CP of lease liabilities 11,135 3.3 % 11,411 3.5

Source and Use of Fund: 3M24 (Bt.mn) Source of fund Use of fund Operating cash flow 30,516 Net CAPEX & Fixed assets 7,071 Proceed from capital reduction of investment in an associate 243 Net borrowings