SAAM Energy Development Public Company Limited - 1 - 12 May 2020 Subject: Management Discussion and Analysis for the period ended 31 March 2020 To: The President The Stock Exchange of Thailand SAAM

mentioned, and to ensure that the issuance and offering of the newly issued shares is complete 6. Approved to propose to the shareholder’s meeting to consider and approve a waiver from the requirement to make

aspirations Indorama Ventures 2nd Quarter 2018 MD&A 4 Portfolio Development We continue to upgrade our portfolio through organic growth, operational excellence initiatives, value accretive acquisitions and

start in early 2020 and PTA towards end 2020, subject to regulatory approval in 4Q18. Sustainable Development  IVL has been included in the DJSI Index for the second consecutive year. The inclusion

in the amount of 18,253,248.40 together with 7.5% interest per year counting from 15th June 2015 until the payment is complete. However, on 26th January 2018, the company appealed against the

court made judgment for the debtor to pay to the company in the amount of 18,253,248.40 together with 7.5% interest per year counting from 15th June 2015 until the payment is complete. However, on 26th

11 Tambon Ladsawai, Amphoe Lamlukka, Pathumthani 12150 Paid up capital 7,000,000 baht Remarks: During the development of UU’s project, UU will increase the capital to 117 million baht, to be invested

action to comply with the Registrar request for the Company’s capital register to the Department of Business Development, Ministry of Commerce 3.3 To execute the application and necessary supporting

Other Applications when the application and the evidentiary documentation are accurate and complete in compliance with the Licensing Manual for the Public. In the case where it is necessary for the SEC

not want to invest for a long term for the development of public utility because the company is required to use the proceeds from the sale of shares to the investment and development of industrial