) Attention: President The Stock Exchange of Thailand Reference Letter: The Letter of the Company dated 10 April 2018 re: Acquisition and Disposition of Assets Pace Development Corporation Public Company

of the year. Profit & Loss Analysis (Unit : Million Baht unless otherwise stated) 2019 2018 Change Amount % Change Total Revenues 19,304 17,738 1,566 8.83% Sales and service income 18,389 16,738 1,651

are as follows; Operating Performance 1. Revenue Unit: Million Baht Information of period Consolidated Separate Value Change Value Change Q2.2019 Q2.2018 Amount % Q2.2019 Q2.2018 Amount % Revenue from

1.9% (28.5%) Consolidated financial information (Unit : Million Baht) For three-month period ended 30 Sep Change % Change 2 / 6 Operating results by business for the three-month period ended 30

: Million Baht) Consolidated Financial Statements 2Q'20 2Q'19 % YTD 2020 YTD 2019 % Change Change Total Revenue 403.9 475.1 -15.0% 834.2 934.5 -10.7% - Utilities Business 390.2 473.6 -17.6% 813.6 931.6 -12.7

. • Interest costs were lower thanks to lower benchmark rates. Taxes were lower due to lower contributions from the USA business, which impacted the regional mix. Indorama Ventures 2nd Quarter 2020 MD&A 2

$ 1.9B. Interest cost is expected to come down for year 2020, thanks to lower benchmark rates. Our net operating debt to equity went up to 1.35 times primarily due to the acquisition of Spindletop

, a 89.8% decrease from 1Q2019. (Unit : Million Baht) Consolidated Financial Statements 1Q'20 1Q'19 % Change Total Revenue 430.3 459.4 -6.3% Gross Profit 136.5 183.4 -25.6% Normalized Share of Profit

compared to a net profit of 18.45 million baht, is due to the following reasons: 1. The ailing economic condition especially in the automotive industry, in addition to a change in the company’s strategy to

- Translation - MPIC 014/2017 November 8, 2017 Subject: Submit the Financial Statement for the quarter ended September 30, 2017 and clarification for the change of operating result more than 20