20 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environment Management Accounting Management Discussion and Analysis of Business Operation for Q2/2019

) 110 3% 262% 236 42 (82%) Operating Results of the Company Shares of Profit of Associates and Joint Ventures GPSC - Q2/2020 Management Discussion and Analysis (MD&A) Summary of Financial Position of the

partner to expand the business of Land and Houses financial business group. The company agrees in principle to issue 7,544,961,342 new ordinary shares or 35.6169 percent of the total paid-up capital through

partner to expand the business of Land and Houses financial business group. The company agrees in principle to issue 7,544,961,342 new ordinary shares or 35.6169 percent of the total paid-up capital. On

% EBIT 600 754 1,067 42% 78% Other non-operating income and expenses 196 36 64 78% (67%) Shares of profit of associates and joint ventures 111 152 152 0% 37% Net profit for the company 750 722 922 28% 23

12% Other non-operating income and expenses (31) 342 36 (89%) n/a 537 710 32% Shares of profit of associates and joint ventures 111 144 152 6% 37% 346 517 49% Net profit for the company 419 888 722 (19

Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 MOU signing with

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Successful commercial

been as expected while the current take-up rate was circa 95%. Significant Events Previously, the Company’s Board of Directors approved the initial public offering (the "IPO") of ordinary shares of S

February 2019 October 1) EGM no. 1/2018, on 11 October 2018 approved the investment in assets of KPNL through EBT and the allocation of newly issued ordinary shares of the Company to KPNL 2) Appointed Mr