of rent and services constituted utilities, security & cleaning services, on- site personnel, land rental, depreciation & amortization, repair & maintenance costs and insurance premium and property tax

impact and one-time loss items, normalized total revenue and share of profit from investments in associates decreased by 1.7%, mainly from lower land transfer. Notwithstanding, the Company had a large

Management Discussion & Analysis ( - translation - ) For operating result of 1Q/19, ended 31 March 2019 Raimon Land Public Company Limited | 9 May 2019 1 / 6 Major Events in Q1/19 and April 2019

statements for 6-month period as of 30 June 2018; and (2) the transaction of the disposal of Land and Buildings in Khon Kaen, having the highest transaction value of 0.37 percent based on the value of

transaction of the disposal of Land and Buildings in Khon Kaen, having the highest transaction value of 0.37 percent based on the value of consideration basis, calculated from the Company’s reviewed

as follows: 1. Background of the Transaction LPN and Nye Estate Co., Ltd. (“Nye”) are real estate developers. It is agreed that a plot of land on Rama 4 road is the potential location for the

the projects under development has increased 3,667.99 million THB or 55.20% i.e. from 6,645.33 million THB to 10,313.32 million THB. The Company purchases plots of land in 2017 for the development of

21,250.21 million THB to 21,811.65 million THB. It is mainly because of the followings: 1. The deposit fee for plots of land for project development in the future increases 267.16 millon THB or 281.65% for

Management Discussion & Analysis( - translation - ) For operating result of 1Q18,ending 31 March2018 Raimon Land Public Company Limited| 14May2018 1 / 5 Major Eventsin 1Q18 and April 2018 February

million and Baht 124.11 million, respectively. Other revenues were mainly consisted of, such as, the revenue from the sales of broken or ruined plate remains, profits from the sales of land, buildings