asset base in the Americas 21-Mar-18 (Signed: 21-May-18) 2020E (start-up) Avgol  Enhances IVL’s HVA portfolio and market share in the personal hygiene segment  Accelerates IVL’s global expansion and

% % Selling Expenses to Sales 15.7% 14.3% 15.3% 13.8% Administrative Expenses 151 122 +24% 277 260 +7% % Administrative Expenses to Sales 11.4% 8.9% 10.3% 9.0% Finance Costs 15 5 +190% 27 11 +153% Share of

., (“CPN Pattaya”), a wholly owned subsidiary of CPN, acquired shares of GLAND equivalent to 50.43% of total issued and paid-up shares, for THB 10,162 mn, or at THB 3.10 per share, from a total of 5

as follows: • Income from GLANDRT leasehold asset divestment amount THB 270 mn was recognized in share of profit from associated companies • GLANDRT dissolve expense amount THB 227 mn was recognized in

of Thailand. The company has informed the Stock Exchange of Thailand (SET) to make a tender offer for GLOW’s remaining stock of 4.75% at the offering price of 90.8136 Baht per share, in which the

tactics, KBank, in this quarter, introduced deposit and investment products, including special fixed-term deposit offering attractive interest rates, various types of mutual funds and life insurance

) 1.07 1.06 Net operating debt to equity (times) 0.84 0.88 Debts with fixed interest % 52% 50% Credit Rating by TRIS (Reaffirmed in October 2016) A+ A+ Liquidity (US$ bil l ions) 1.6 1.4 Unutil ized credit

Net Debt 2,644 2,722 (1) Non-operating Debt (Project Debt) 753 460 Net Operating Debt 1,890 2,262 Net debt to equity (times) 0.80 1.06 Net operating debt to equity (times) 0.57 0.88 Debts with fixed

ownership in Dusit Thani Public Company Limited, or “DTC”, or approximately 5% of the total issued and paid-up shares of DTC, at the price of 12 THB per share. As a result, CPN reported a decrease in

Paholyothin Road where potentially develop the Mixed-use project in the future including boost up management efficiency and reduce risks of entering the share acquisition made by others. Development and