Management Discussion and Analysis (MD&A) 2019 Page 1/6 -Translation - Ref: IR63/002 26 February 2020 Subject: Management Discussion and Analysis (MD&A) ending on 31 December 2019 Attention

14.07 (2.72) Profit before FX per share (Baht) 4.57 5.62 (1.05) Leverage Ratio and Liquidity Ratio Quarter 1 2020 Quarter 4 2019 Change Increase/(Decrease) Debt to equity ratio (Time) - Consolidated 1.16

(Translation) Page 1 of 2 No. CBG 053/2017 14 November 2017 Re: Board resolution and change of overseas subsidiaries’ capital structure To Managing Director Stock Exchange of Thailand Reference is

(54) (60.7) Others 5 5 1 12.1 For the three-month period ended Consolidated Change Jun 30, 2019 Jun 30, 2018 Baht million % Interest expense 1,426 1,224 203 16.6 Interest on deposits 812 609 203 33.4

49.1 Interest on investment in loans 35 90 (54) (60.7) Others 5 5 1 12.1 For the three-month period ended Consolidated Change Jun 30, 2019 Jun 30, 2018 Baht million % Interest expense 1,426 1,224 203

, B.E. 2535 (1992), the Capital Market Supervisory Board hereby issues the following regulations: Clause 1 This Notification shall come into force from the 1 July 2018. Clause 2 The following

1 / 5 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the year at the end of 31 December 2018

Limited (Oishi Trading), a subsidiary of the Company, in the Sale of Drinking Water Production Line 1 to BevTech Co., Ltd. These transactions are considered as connected transaction with the details as

Exchange of Thailand Oishi Group Public Company Limited and subsidiaries clarify consolidated operating results and consolidated financial statements for 2017, ended September 30, 2017 as the followings

2019_Q1_MDA_ENG Ocean Glass Public Company Limited Page 1/3 Management Discussion and Analysis Operating Results In the 1st quarter of 2019, Ocean Glass Public Company Limited and its subsidiaries