Discussion and Analysis Quarter 3 Ended 30 Sep 2017 To The President of the Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Results for the three-month and the nine-month

Discussion and Analysis Consolidated Financial Results for the three-month and the six-month Q2/2018 For the three-month ended 30 June 2018 Consolidated Profit & Loss of NPPG (THAILAND) PCL., Unit : Million

Management’s Discussion and Analysis Consolidated Financial Results for the three-month and the nine-month Q3/2018 For the three-month ended 30 September 2018 Consolidated Profit & Loss of NPPG (THAILAND) PCL

lease is to use the leased property as the office of the Company and its subsidiaries. This transaction is classified as the connected transaction in the category of short-term rent/rent out of real

31.28 38.76 123.91% Consolidated financial information The gross profit has increased by 25.89%, from Baht 194.24 Million in 2016 to Baht 244.53 million in 2017, due to following reasons: 1. Management

analysis of consolidated financial position as at 30 June 2017 ..................................................................... 3 The analysis of operating result for six months

Classified Loans and Allowance for Doubtful Accounts Million Baht Item Loans & Accrued Interest Receivables * Allowance for Doubtful Accounts Classified to Bank of Thailand Criteria March 2018 December 2017

% Agriculture and mining 52,359 55,199 46,658 (5.1)% 12.2% Others 295,724 306,088 297,076 (3.4)% (0.5)% Total 2,021,246 2,065,487 2,003,989 (2.1)% 0.9% * Less deferred revenue Classified Loans and Allowance for

Re: Rules for entering into a substantial transaction classified as an acquisition or disposal of assets, dated August 31, 2008 (as amended) and Notification of Stock Exchange of Thailand Board Re

P a g e 1 | 7 Management Discussion and Analysis For the nine-month period ended September 30, 2017 The analysis of consolidated financial position as at 30 September 2017 The group’s assets