- Translation - IR62/002 26 February 2019 Re: Management Discussion and Analysis (MD&A) for the year 2018 To: President The Stock Exchange of Thailand Overview and Factors Affecting Future Operating Results In

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6M2019 6M2019 YoY Total Revenue 45,558 45,535 48,326 6% 6% 89,783 93,861 5% Accounting EBITDA 3,335 1,959 2,189 -34% 12% 6,358 4,147 -35% Refinery and Trading Business Group 1/ 1,929 517 650 -66% 26% 3,208

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into Material Transactions Deemed as Acquisition or Disposal of Assets, and the Notification of the Board of Governors of the Stock Exchange of Thailand, Re: Disclosure of Information and Other Acts of

derived from revenue generated from Outrigger group being acquired on 12 June 2018 as well as Crossroads project officially opening on 1 September 2019. 9M19 Net profit at THB 702m, or 33% decline YoY

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Director The Stock Exchange of Thailand Reference: 1. Information Memorandum on the Issuance and Offering of the Newly Issued Shares through Private Placement (PP) of Safari World Public Company Limited 2