83.95 51.57 32.38 62.79 132.13 117.88 14.25 12.09 Total expenses 194.66 152.85 41.81 27.35 515.15 490.90 24.25 4.94 Share of profit on investment in associated company 101.59 54.22 47.37 87.37 234.09

Profit (Loss) of Associates and Joint Ventures (unit: THB million) Share- Holding % Q2/19 Q1/20 Q2/20 change +/(-) 6M/19 6M/20 change +/(-) YoYYoY QoQ Independent Power Producer (IPP) Xayaburi Power

Korea Electric Power Corporation (KEPCO), the sole off-taker of wholesale power generation in South Korea, through the Korea Power Exchange (KPX). Gangdong also sells thermal energy, and receive renewable

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1/2018 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED Management Discussion & Analysis

%. • Normalized share of profit from power associates and joint ventures increased by 55.9%, standing at THB 244.5 mm. Increase in normalized share of profit from power associates and joint ventures was mainly due

Power Plant Project in the Republic of Indonesia On April 7, 2017, RH International (Singapore) Corporation Pte. Ltd. (“RHIS”), an indirect subsidiary, entered into a Joint Venture Agreement to establish

performance of power business in 1Q2020 continued to be solid with Normalized Share of Profit of Baht 250.7 million, comparing to Baht 184.8 million of 1Q2019. Sale volume of Utilities business in Thailand is

the Group’s investment activities and/or refinancing debts. 1.2 Securities Sale Deed to Increase Investment Proportion and Increase in Share Capital in RATCH-Australia Corporation Pty Limited On April

of total share of Green Earth Power (Thailand) Company Limited and the investment in the associates (SAFE Energy Holding Company Limited : SAFE) that is held by the subsidiary (ECF Power Company

core business and/or the investment in any businesses in the energy industry such as solar power plant in Myanmar that the Company has invested 20 percent of total share of Green Earth Power (Thailand