) Derivative Warrant Prospectus ( 100 ) Property Fund Prospectus ( 64 ) SEC_News ( 63 ) Mutual Fund Prospectus ( 52 ) Infrastructure Fund Prospectus ( 9 ) LegalHub ( 9 ) Enforcement ( 7 ) Public Hearings ( 5

) Derivative Warrant Prospectus ( 100 ) Property Fund Prospectus ( 64 ) SEC_News ( 63 ) Mutual Fund Prospectus ( 52 ) Infrastructure Fund Prospectus ( 9 ) LegalHub ( 9 ) Enforcement ( 7 ) Public Hearings ( 5

) Derivative Warrant Prospectus ( 100 ) Property Fund Prospectus ( 64 ) SEC_News ( 63 ) Mutual Fund Prospectus ( 52 ) Infrastructure Fund Prospectus ( 9 ) LegalHub ( 9 ) Enforcement ( 7 ) Public Hearings ( 5

) Derivative Warrant Prospectus ( 100 ) Property Fund Prospectus ( 64 ) SEC_News ( 63 ) Mutual Fund Prospectus ( 52 ) Infrastructure Fund Prospectus ( 9 ) LegalHub ( 9 ) Enforcement ( 7 ) Public Hearings ( 5

) Derivative Warrant Prospectus ( 100 ) Property Fund Prospectus ( 64 ) SEC_News ( 63 ) Mutual Fund Prospectus ( 52 ) Infrastructure Fund Prospectus ( 9 ) LegalHub ( 9 ) Enforcement ( 7 ) Public Hearings ( 5

) Derivative Warrant Prospectus ( 100 ) Property Fund Prospectus ( 64 ) SEC_News ( 63 ) Mutual Fund Prospectus ( 52 ) Infrastructure Fund Prospectus ( 9 ) LegalHub ( 9 ) Enforcement ( 7 ) Public Hearings ( 5

) Derivative Warrant Prospectus ( 100 ) Property Fund Prospectus ( 64 ) SEC_News ( 63 ) Mutual Fund Prospectus ( 52 ) Infrastructure Fund Prospectus ( 9 ) LegalHub ( 9 ) Enforcement ( 7 ) Public Hearings ( 5

Statements ( 99 ) Property Fund Prospectus ( 64 ) Mutual Fund Prospectus ( 52 ) Public Hearings ( 34 ) Tender Offer Documents ( 24 ) หนังสือชี้ชวนกองทุนรวม ( 13 ) LegalHub ( 11 ) Laws / Regulations ( 10 ) Form

Statements ( 99 ) Property Fund Prospectus ( 64 ) Mutual Fund Prospectus ( 52 ) Public Hearings ( 34 ) Tender Offer Documents ( 24 ) หนังสือชี้ชวนกองทุนรวม ( 13 ) LegalHub ( 11 ) Laws / Regulations ( 10 ) Form

Microsoft Word - MD&A Q12018- ENG.doc 1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the three-month period ended 31 March 2018 Bangkok Airways Public Company Limited and Its