to accommodate the adjustment of the exercise price and ratio of Warrants to purchase the Company’s newly issued ordinary shares No. 2 for existing shareholders (ECF-W2), which is issued and allotted

adjustment of the exercise price and ratio of Warrants to purchase the Company’s newly issued ordinary shares No. 2 for existing shareholders (ECF-W2), which is issued and allotted to the existing shareholders

due to warrants exercise (W2).  IVL achieved Operating Cash Flow of $1.0 billion, up 16% YoY. This was achieved after factoring in higher working capital due to higher production (Egypt, Brazil, and

Part 2, the approved foreign entity also has the duty to comply with the Notification of the Capital Market Supervisory Board concerning Selling of Newly Issued Debt Securities and Derivatives Warrants

Financial Position Unit: Million Baht Liabilities and equity 2017 2016 + / (-) Equity Share capital Authorised share capital 48,776 48,776 Issued and paid-up share capital 34,251 34,251 Warrants 14 14

48,776 48,776 Issued and paid-up share capital 34,251 34,251 Warrants 14 14 Additional (Discount) paid in capital: Share discount (10,163) (10,163) Premium on capital reduction 206 206 Retained earnings

warrants to purchase the Company's ordinary shares) 11. The Opinion of the Board of Directors Regarding the Transaction The Board of Directors’s meeting of No. 3/2018, which held on April 18, 2018 approved

shares due to warrants exercised - 490 (100)% - - (3) (100)% (Increase)/Decrease in Net Debt on cash basis3 (309) (1,357) (77)% (150) 100 (777) (81)% * IRSL 2nd quarter results were consolidated in Core

จำนวนหุ้นและมูลค่าหุ้นที่ได้นำออกจำหน่ายและเรียกให้ชำระมูลค่าหุ้นแล้ว ให้แสดง เป็นหุ้นแต่ละชนิด 21. ใบสำคัญแสดงสิทธิที่จะซื้อหุ้น (Stock rights and warrants) หมายถึง มูลค่าของสิทธิที่บริษัทออกให้แก่ผู้ถือ

) (745) (38%) Net financial costs (16) (72) (20) (19%) (190) (127) 50% Dividends and PERP interest (74) (134) (128) (43%) (286) (254) 12% Proceeds from issue of ordinary shares due to warrants exercised