Bangkok Commercial Asset Management Public Company Limited Page 1 13 December 2019 Subject Management Discussion and Analysis for nine-month period ended 30 September 2019 To The President The Stock

1 January 2020, the bank has sufficient reserves in accordance with the new standard (the estimated reserve amount is subject to the auditor’s review). The adoption of TFRS9 will not have any

data, particularly those from outside the company. In addition, any forward looking statements are subject to change as market conditions and actual outcomes may differ from forecasts. BAM makes no

Company must fulfill pursuant to the Connected Transaction Notifications as described above, the allocation and offering of the newly issued ordinary shares of the Company to ACO I is also subject to the

Notifications as described above, the allocation and offering of the newly issued ordinary shares of the Company to ACO I is also subject to the conditions of the offering of new shares to specific investors

1 Ref. No. IVL 007/08/2017 9 Aug 2017 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Reviewed Financial Statements and the Management Discussion and Analysis of

www.ucity.co.th Ref. No. U.SET 019/2017 October 30, 2017 Subject: Entire business transfer of Unicorn Enterprise Company Limited, capital increase, issuance of the U-W3 Warrants and U-W4 Warrants, issuance and

the charter, and (h) Other transactions which, according to the audit committee’s opinion, should be known to the shareholders and general investors, subject to the scope of duties and responsibilities

1 --Translation-- Sor Gor 7/2018 January 19, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Unaudited) To: The President The Stock Exchange of Thailand

1 --Translation-- Sor Gor 11/2018 February 22, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Audited) To: The President The Stock Exchange of Thailand