standards involve changes to key principles, as summarized follows; Thai Accounting Standards No. 27 (Revised 2016), Separate Financial Statements. This revised standard stipulates an additional option to

hire an appraiser approved by the Securities and Exchange Commission. 2 The change is the result of the Thai Accounting Standard No. 16 (revised 2017), regarding Property, Plant and Equipment has

of 2019. In addition, there was a straight line concession adjustment of its international media operation in accordance to the Thai accounting standard, which led to higher expenses. FINANCIAL

Securities and Exchange Commission, with Fast And Fair Valuation Co.,Ltd., who is the appraiser, using market approach for the appraisal. 2 The change is the result of the Thai Accounting Standard No. 16

Financials 2Q19, but was consolidated all in Core Financials 3Q19. 1 A gain on bargain purchase needs to be accounted for on completion of any acquisition under Thai Accounting Standards. Table 6 :Cash Flow

purchase needs to be accounted for on completion of any acquisition under Thai Accounting Standards Table 8: Cash Flow Statement Quarterly Last Twelve Months $m 1Q18 4Q17 1Q17 1Q18 YoY LTM 1Q18 LTM 1Q17 YoY

under Thai Accounting Standards. Table 7 :Cash Flow Statement Full year Quarterly $million (except where stated otherwise) 2019 2018 2019 YoY 4Q19 3Q19 4Q18 4Q19 YoY Core EBITDA 1,147 1,441 (20)% 201 281

acquisition under Thai Accounting Standards. Table 5: Cash Flow Statement $million (except where stated otherwise) 2Q20 1Q20 2Q19 2Q20 QoQ 2Q20 YoY Core EBITDA 305 304 361 0% (16)% Net working capital and

accounted for on completion of any acquisition under Thai Accounting Standards. Table 5: Cash Flow Statement $million (except where stated otherwise) 1Q20 4Q19 1Q19 1Q20 QoQ 1Q20 YoY Core EBITDA 304 201 304

Thai accounting standards do not cover production or disclosure of a certain matter, securities clearing houses and central securities depositories shall comply with the following accounting standards