reasonable return from the investment at the equity internal rate of return (EIRR) of not less than 20 percent. This Share Acquisition Transaction is reasonable in which the Company will receive the expected

of information which should not be disclosed between units and personnel (Chinese wall), a system for internal audit and internal control. Such policies, rules and practices shall be prepared in

conflicts of interest and leaking of information which should not be disclosed between units and personnel (Chinese wall), a system for internal audit and internal control. Such policies, rules and practices

and operational management, a system to prevent conflicts of interest and leaking of information which should not be disclosed between units and personnel (Chinese wall), a system for internal audit and

Loan Debenture $B 1 ST Loan 15 Table 10 :IVL Consolidated Statement of Income * IRSL 2nd quarter results were consolidated in Core Financials 3Q19. 1 As per internal classification and includes insurance

Debenture $B 1 ST Loan 12 Table 9 :IVL Consolidated Statement of Income *The total amount of IRSL was excluded from Core Financials 2Q19, but was consolidated all in Core Financials 3Q19 1 As per internal

Indorama Ventures 2nd Quarter 2020 MD&A 13 Table 7: IVL Consolidated Statement of Income *2Q19 Core Financials exclude IRSL 1 As per internal classification and includes insurance claim for business

expenses 3 As per internal classification and includes gain on bargain purchase on new acquisitions and their related transaction costs and pre-operative expenses 4 Interest net of tax on THB 15 billion

transaction fraud related to Bank customers, via transaction fraud module and internal fraud module, for increased fraud detection capacity.  Improve key operational systems to ensure stringent internal

revenue from money market product increased from foreign exchange transaction. Moreover, other operating expenses increased Baht 1,976 million or 2.98 percent over-year, due mainly to marketing expenses. 1