achieve the target especially in second half of the year due to the decline of Chinese tourists and economic slowdown in several countries especially in Europe which negatively affect spending power of

1 MD&A 2Q 2017 (Ended 30 June 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2017 1 AUG 2017 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Advertising spending reported a decline of 1.4% QoQ

categories of social security income posted increased trend mainly fixed capitation, discharge type & complaint as well as social security check-up program. Average number of insured persons increased from

coverage and 5G penetration continues to grow and maintains its 10-15% ARPU uplift. Solid Broadband growth with quality while steering Enterprise towards high-margin products in targeted sectors Fixed

untitled ( ) 20 2563 1 2 3 4 5 6 7 8 8+ KTFFE86 86 Krung Thai Fixed Income FIF Enhanced86 Not for Retail Investors ( ) 0-2686-6100 0-2670-0430 Callcenter@ktam.co.th P a g e 1 | ( ) KTFFE86 86 Krung

/ Fixed income Asset class 1.40 / MMF/ Indirect FI fund/ Daily FI : Term fund TYPES OF FUNDS INVESTING ABROADTOTAL FOREIGN INVESTMENT AS OF TRILLION BAHT *Fixed income fund Fixed income fund* SEC

/ Fixed income Asset class 1.46 / MMF/ Indirect FI fund/ Daily FI : Term fund TYPES OF FUNDS INVESTING ABROADTOTAL FOREIGN INVESTMENT AS OF TRILLION BAHT *Fixed income fund Fixed income fund* SEC

/ Fixed income Asset class 1.15 / MMF/ Indirect FI fund/ Daily FI : Term fund TYPES OF FUNDS INVESTING ABROADTOTAL FOREIGN INVESTMENT AS OF TRILLION BAHT *Fixed income fund Fixed income fund* SEC

/ Fixed income Asset class 1.34 / MMF/ Indirect FI fund/ Daily FI : Term fund TYPES OF FUNDS INVESTING ABROADTOTAL FOREIGN INVESTMENT AS OF TRILLION BAHT *Fixed income fund Fixed income fund* SEC

/ Fixed income Asset class 1.65 / MMF/ Indirect FI fund/ Daily FI : Term fund TYPES OF FUNDS INVESTING ABROADTOTAL FOREIGN INVESTMENT AS OF TRILLION BAHT *Fixed income fund Fixed income fund* SEC