V2 14/05/62 0 V2 14/05/62 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the First Quarter of 2019 The Thai economy in the first quarter of 2019

TRANSLATED VERSION As of June 5, 2015 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Capital

Thai economy in the first quarter of 2018 continued to grow from the previous quarter, corresponding with the world economy. The expanding of the exporting industry, tourism industry, and government

Bangkok Airways Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the First Quarter of year 2018 ended 31 March 2018 Executive Summary Thai economy in the first quarter of

which the Company informed the Stock Exchange of Thailand on 13 September 2017. Today (6 October 2017), Advanced Wireless Network Co., Ltd. (“AWN”), a subsidiary of the Company has entered into the Share

outbreak. In 1Q20, overall economy was largely affected by the coronavirus disease (COVID- 19) outbreak globally, including the Thai economy, resulting a deep economic deceleration throughout the year. Thai

V2 12/11/62 0 V2 12/11/62 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the Third Quarter of 2019 The Thai economy in the third quarter of 2019

ordinary shares of the Company at an offering price of Baht 7 per share, to re-negotiate the conditions of investment in S- TREK shares with the Company, since such offering price of Baht 7 per share which

V3 22/02/62 14:27 น. 0 V3 22/02/62 14:27 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2018 In 2018 the Thai economy grew by 4.1 percent, up

to: • Decrease in financial cost of THB 17 Million consequent to debt reduction programme. • Net gain from exchange rate of THB 71 Million resulting from the strengthen in Thai Baht, whilst last year