Profits This is not applicable because PCCA sustains an operating loss after tax. n/a 3. Total Value of Consideration Total value of consideration payable * 100 Total assets of the Listed Company

1,353,257,000 Baht = 6.42% 2. Net Operating Profits This is not applicable because PCCA sustains an operating loss after tax. n/a 3. Total Value of Consideration Total value of consideration payable * 100 Total

Net operating debt to equity at 0.61 times with strong operating cash flow. Dividend payout remain much higher than its stated policy of 30% of net profits. Perpetual debenture of THB 15b refinanced at

Equity Coverage Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 1 of 10 Performance Overview Continuous growth in both revenue and net profits, attributed to

2016, the plant had generated a higher profitability in 2017 than in 2016. Furthermore, in 2017 GPSC received dividend income from Ratchaburi Power Company Limited (RPCL) amounting to Baht 270 million

Tangible Asset Net Tangible Assets of the Target x Acquired Proportion / Net Tangible Assets of the Company = 599.75 x 80.11% / 1,749.98 27.45 2. Net Profits Net Profits of the Target x Acquired Proportion

Transaction Size (%) 1. Net Tangible Asset Net Tangible Assets of the Target x Acquired Proportion / Net Tangible Assets of the Company = 599.75 x 80.11% / 1,749.98 27.45 2. Net Profits Net Profits of the

Tangible Assets of the Target x Acquired Proportion / Net Tangible Assets of the Company = 599.75 x 80.11% / 1,749.98 27.45 2. Net Profits Net Profits of the Target x Acquired Proportion / Net Profits of the

normal business operation (excluding profits from debt restructuring and other incomes) and cashflow from operation in a very low amount compared to total debts. There would also have potential actions to

financial statements due to an appreciation of the Thai Baht from 3Q17. Other Income increased from the share of profit from investment in DREIT and food business, which the company invested in 1Q18. Total