of $304 million (THB 9.6 billion), -7% YoY, Core EBITDA margin 10%  Core Net profit after tax of $128 million (THB 4.0 billion), -27% YoY  Core Earnings Per Share of THB 0.67, -32% YoY  Operating

Ventures 2nd Quarter 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis 2nd Quarter 2018 Structural Improvements Driving Earnings Momentum  2Q18 Core EBITDA up 63% YoY, 1H18

caused by a 1.31 million. Baht 2,362 m rd quarter of ebentures and profits from profits from in h ended Sep s in the amou ast year, incr d quarter of 2 Baht 98.03 m 3.51% as foll are of profits fr nded

1.30 million baht or 31.88% due to in quarter 3 ,2016 profits from sales of investments of Nana Solution Co.,Ltd. amount 0.23 million baht. Expenses 1. Cost of sales and hire of work totaling 181.51

million. 3. In 2018, other income consist of dividend income and private fund income, share of profits from investment in associates and profit from the recognition of investments in available- for-sale

baht from the same period of previous year because in previous year the Company gained the profits from the sales of empty land located at the Bhumibol Bridge amount 160.00 million baht. This year there

6.3 Million Baht due to increased profits. At the end of June 30, 2019, the total asset 2,216.9 Million Baht were increased 129.9 Million Baht compare with at the end of December 31, 2018 increasing

10290, THAILAND TEL : (662) 815-7060 8163060-1 , 461-2100-1, FAX : (662) , 461-2102 . %&'. 188 REF.SET: 61-12 10 August 2018 Subject: the explanation of business profits for the quarter of 2/2018 To : the

accounted for 4.4 – 9.6 percent of the total revenues, and the gross operating profits from the manufacturing business accounted for 1 – 5 percent of the total gross operating profits, and as such, the

expenses of 9.7 Million Baht due to increased profits. At the end of September 30, 2019, the total assets 2,262.6 Million Baht were increased 175.7 Million Baht compare with at the end of December 31, 2018