6 December 2007 1 | P a g e Pace Development Corporation Public Company Limited 87/2 CRC Tower All Seasons Place, 45th Floor, Unit 3, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Tel. 66 2 654

Exchange of Thailand PACE Development Corporation Public Company Limited (“the Company”) would like to report the operating results for the three-month period ended 31 March 2018. The details are as follows

increasing in payable for purchase of fixed assets following to the progress of Tubma Reservoir Development project and Debt service coverage ratio (DSCR) remained strong at 4.61 times.

recorded gain on fair value adjustment of investment due to reclassification in the amount of Baht 2,334 Million, net of corporate income tax. 5. The progress of the MRT Blue Line Extension Project At the

Management’s Discussion and Analysis For the Financial Results of Quarter 2 Year 2017 Ended June 30, 2017 1 ABBREVIATION ADB = Asian Development Bank COD = Commercial Operation Date EBITDA = Earnings

. The company, then, might decide to reschedule the development plan according to changes in economic situation. In 1Q2020, S Hotels and Resorts PCL (“SHR”), a subsidiary of the Company, entered into a

needs to register the increase of the Company's registered capital and paid-up capital and the amendment to the Company's memorandum of association with the Department of Business Development, the

increase in investments to joint-ventures of THB 3,005mn (Sansiri JVs and Keystone JVs acquired); (iii) an increase in land and project awaiting development of THB 1,918mn (largely from land plots acquired

late 2Q20 and revenue from sale of land and construction would be realized in accordance with accounting principal, upon transferrence and by progress of construction, respectively. During 3Q20, the ESSE

consumption in 2020 is projected to grow in line with the economic conditions and the progress of the Eastern Economic Corridor (EEC). The new Power Development Plan 2018-2037 (PDP 2018 ) gave priority to