SAAM Energy Development Public Company Limited - 1 - 9 August 2019 Subject: Management Discussion and Analysis for the period ended 30 June 2019 To: The President The Stock Exchange of Thailand SAAM

efficient, transparent, and examinable, in a bid to promote confidence towards, and integrity and security of, the overall financial system, and to improve the competitiveness and image of the Thai capital

the Shariah Principle whereby the counter party comparable to the deposit accepter is the Islamic Bank of Thailand or a financial institution under foreign law and the counter party comparable to the

Principle whereby the counter party comparable to the deposit accepter is the Islamic Bank of Thailand or a financial institution under foreign law and the counter party comparable to the depositor shall be

(1) in accordance with the Shariah Principle whereby the counter party comparable to the deposit accepter is the Islamic Bank of Thailand or a financial institution under foreign law and the counter

SEC, Thailand cannot undertake any responsibility for its accuracy, nor be held liable for any loss or damages arising from or related to its use. ----------------------------- Notification of the

Unofficial translation (Translation) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC, Thailand cannot

reference. The SEC, Thailand cannot undertake any responsibility for its accuracy, nor be held liable for any loss or damages arising from or related to its use. ----------------------------- Notification of

reference. The SEC, Thailand cannot undertake any responsibility for its accuracy, nor be held liable for any loss or damages arising from or related to its use. ---------------------------- Notification of

Notification of the Office of The (Translation) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC, Thailand