Derivative Warrants | EGCO41C2612T | DERIVATIVE CALL WARRANTS ON ELECTRICITY GENERATING PUBLIC COMPANY LIMITED ISSUED BY JPMORGAN SECURITIES (THAILAND) LIMITED LAST TRADING IN DECEMBER 2026 # T

commercial electricity sales in the 2nd quarter of 2020 totaling of Baht 89.92 million, an increase from the 2nd quarter of 2019 in which the company had revenue from the energy business group of Baht 85.19

of previous year of 406.89 Million Baht by subsidiaries have decline in sales of steel wires but in contrast subsidiaries distribute electricity and heat energy has increased in sale volume  Revenue

9.91 68.19 9.61 67.77 0.30 3.17 Total 14.53 100.00 14.17 100.00 0.36 2.53 - Cost of sales Cost of sales related to generation and distribution of electricity under SAAM-SP1 mainly includes (1

, who paid lower tariffs than other customer groups. Raw Water Volume (Million Cu.M) Quarter 1 2019 2018 YOY % Total distribution volume 77.35 61.93 15.42 24.90% Internal usage for tap water 7.89 7.72

Thailand and the Construction project to improve the electricity distribution system to be underground cable at the Thai–Myanmar border checkpoint of the Provincial Electricity Authority, etc. Other current

. SIGNIFICANT EVENTS As of 14 March 2018, Electricity Generating Public Company Limited (“EGCO”) has completed the sale of its 311.44 million shares or 18.72% in East Water to Manila Water (Thailand) Co., Ltd at

DISCUSSION AND ANALYSIS FOR Q2/2017 3 Raw Water Volume (Million Cu.M) 1H/2016 1H/2017 Increased (Decreased) % Total distribution volume 148.70 136.99 (11.71) (7.87%) Internal usage for tap water 15.40 15.94

% 91.37 % - (2.71) 1.5 Selling and distribution expenses 42.49 MB 30.73 MB 11.76 MB 38.27 1.6 Administrative expenses 134.94 MB 146.06 MB (11.12) MB (7.61) 1.7 Finance cost 61.97 MB 50.94 MB 11.03 MB 21.65

2018 as the raising in raw water sales volume while costs of sales and services totally 2,003.08 million Baht, increased by 357.38 million Baht or 21.72% because of increasing of electricity cost. Net