natural gas price. FINANCIAL PERFORMANCE REVENUE STRUCTURE ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION 2016 2017 % change

November 13,2019 Dear Director and The Manager of SET Re: Operating Performance’s Summary of Q3/2019 During the third quarter of 2019, total sales amount of the Company was 27 6.71 million baht. It

Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS New Capital Structure and Use of Proceed from IPO Regarding our IPO, we received net proceed from IPO in the amount of Baht 11,078 million composing

Shareholders’ Structure and Shareholding Proportion of a Limited Company or Public Limited Company Which Is Established to Undertake Securities Business in the Category of Securities Finance

Baht/KWh in Q4’2018) which is in line with the changes in Ft charge – the tariff announced by the ERC. FINANCIAL PERFORMANCE REVENUE STRUCTURE ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS Announcement on Corporate Rating and Progress on Corporate Bond Issuance On April 5, 2018, TRIS Rating assigned the company rating of B. Grimm Power PLC

-q (3.27 Baht/KWh in 6M’2018 and Q2’2018) which is in line with the change in Ft – the tariff announced by ERC. FINANCIAL PERFORMANCE REVENUE STRUCTURE ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY

. ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION REVENUE STRUCTURE FINANCIAL PERFORMANCE 4 B.GRIMM POWER PUBLIC COMPANY LIMITED

3,522.00. Because the price range is conditional upon SGAH’s future financial performance in the next 2 years, the Company, therefore, agreed to the investment structure that reflects such performance, which

approximately Baht 1,761.00 and Baht 3,522.00. Because the price range is conditional upon SGAH’s future financial performance in the next 2 years, the Company, therefore, agreed to the investment structure that