of THB 45 million compared to unrealized exchange gain of THB 19 million and reversal of loss on devaluation of inventories of THB 122 million during the same period last year. The Company has recorded

of operating results for the year 2019, Ended of December 31, 2019 Unit : Million Baht Power Generation Others Total Change Increase (Decrease) 2019 2018 2019 2018 2019 2018 Amount % Total Revenues

., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 (“TRANSLATION”) TG 021/2563 February 27, 2020 Subject: Clarification of the Operating Result for the significant change Attention

, which was, the government issued the Labor Protection Act (No. 7 ) B.E. 2019, prescribing the rate of severance pay that increased from 300 days to 400 days Such change resulted in an increase of the

: Overall Financial Performance Unit: million baht Jan-Jun 2019 % Jan-Jun 2020 % Change % YoY Revenues 273.96 100.0% 355.64 100.0% 81.68 29.8% Cost of sales and services (147.42) (53.8%) (190.73) (53.6

2017 2016 Variance 2017 2016 Variance MB % MB % Gain on foreign exchange 99.5 45.4 54.1 119.3 134.9 106.1 28.8 27.2 Non-operating revenues (2) 0.1 (0.9) 0.9 106.4 0.4 4.0 (3.6) (90.8) EBIT (3) (397.2

competitive areas, existing customers were attracted to change an operator by an offering of up to 50% discount for a few months, which caused industry’s ARPU to be pressured. Convergence packages combining

profit from investments in associates and JVs /2 Gross profit including share of profit from investments in associates and JVs /3 Excluding FX impact and one-time gain/(loss) items In the first 9 months of

Purchase Price Allocation report of Vienna House, UBM JV and EBT of UE 2 Exclude FX gain/(loss), impairments and Gain from MCL divestment U City reported total consolidated revenue of THB 10,145mn in 2019

74 282.4 Gains on sale of investments - 106 -100.0 3 153 -98.0 Gain on reclassification of investment - 3,409 -100.0 - 3,409 -100.0 Total revenues 2,833 7,542 -62.4 6,722 11,669 -42.4 Cost of service