the industrial market was higher; due to the harvest season for the groups of agriculture customer approaches, as well as the traveling season kicking into gear. Combined with the fact that during this

-o n- Ye ar C ha ng e (p er ce nt ) Sources: Office of the National Economic and Social Development Council and Ministry of Commerce Projection by KResearch as of May 5, 2020 2 1.2 Banking Industry and

Projection by KResearch as of December 9, 2019 Thailand Economic Growth Ye ar -on -Y ea r C ha ng e ( pe rce nt) 4.1 4.2 2.4 - 0.7 1.1 0.7 0.7 0 1 2 3 4 5 2017 2018 2019 2020* GDP Headline Infllation 2 1.2

Economic Growth Sources: Office of the National Economic and Social Development Board and Ministry of Commerce Projection by KResearch Ye ar -o n- Ye ar C ha ng e (p er ce nt ) 2 throughout 2018 to