GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2017 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

consists of 27 operating power plants, with a total contracted capacity of 4,354 MW equity and 5 construction projects, with a total contracted capacity of 911 MW equity. 3. Report and Analysis of the

the future. 3. Management’s Message Flat Steel Product ($/T) Management’s Discussion and Analysis (MD&A) For Q3/2017 6 Overview of World Steel Industry According to the World Steel Association’s report

opinion of the Board of Directors -None- The company hereby certified that the information of this report is accurate and complete in all respects. Please be informed accordingly Sincerely Yours, -Signature

2017 Page 6 of 15 Management Discussion and Analysis This MD&A report has been prepared based on the consolidated and separate statements of GFPT Public Company Limited (“GFPT” or “the Company”) and its

) delivering a copy of monthly securities trading report which display transaction of securities trading to the subject securities companies within 28As repealed by the Notification of the Securities and

account with the securities company; (2) delivering a copy of monthly securities trading report which display transaction of securities trading to the subject securities companies within 28As repealed by

-6.7%QoQ from dividend appropriated. Cash flow (Post TFRS 9&16) AIS continued to report solid operating cash flow of Bt23,020mn in 1Q20, while total investing cash flow was Bt7,856mn for network

and true. In this regard, if any data stated under heading No. 4, No. 5 or No. 6 has materially changed, I shall report the matter to the Office within seven days from the date of change in such data

vitae and attached documents are correct, complete and true. In this regard, if any data stated under heading No. 4, No. 5 or No. 6 has materially changed, I shall report the matter to the Office within