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1 (Translation) MD. 108/2017 Aug 7, 2017 Re: Management Discussion and Analysis For the Operating Results ended June, 2017 To: President The Stock Exchange of Thailand Management Discussion and

President The Stock Exchange of Thailand Reference is made to the resolutions of the Board of Director Meeting No. 6/2017 of Carabao Group Public Company Limited (the "Company") held on 11 August 2017 as

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Baht. In addition, the said 2 land plots with land plot that Takuni Land has already owned, totaling size approximately 15 Rai, will be developed into residential project for sales. 1. Date to enter into

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