benefit plan - Unrealized gain (loss) on change Value of investments in available-for-sale securities -Adjustment for loss on changes in fair value Available-for- sale securities are impairment losses

contributed of THB 990 million and partial offset with the adjustment in other comprehensive income for actuarial of employee benefit obligations increased by THB 16 million. Management’s Discussion and

adjustment in other comprehensive income for actuarial of employee benefit obligations increased by THB 16 million. Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 14 Appendix Unit

cash and cash equivalents, receivables under finance lease increased by Baht 105.6 million from the adjustment of exchange rates. Inventories increased by Baht 72.0 million due to the change of fuel

from Bt156 in 2Q20 to Bt157 in 3Q20 as a result of price adjustment. Price competition had resulted in postpaid ARPU dilution, -4.8% QoQ to Bt498. Overall, blended ARPU declined to Bt237 or -6.8% YoY and

Baht 6.7 million according to the increase in revenue. Receivables under finance lease decreased by Baht 103.6 million from the adjustment of exchange rates and cash received during the period

competition improved from previous year with price adjustment seen in 1H19 in both postpaid and prepaid segments. However, prepaid unlimited data plans has re-emerged in 2H19. Bundling attractive discounts on

percent due to a decrease of Baht 32.6 million in cash and cash equivalents, receivables under finance lease decreased by Baht 128.9 million from the adjustment of exchange rates and cash received during

adjustment to the beginning balance of retained earnings as at 1-Jan-19. The effect of related transactions is presented in Note 2 of financial statements and also provided on page 4. Considering the entire

translation adjustment and cash & cash equivalents of subsidiaries which classify as assets held for sale MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 15 MAY 2019 U CITY PCL 1Q 2019 - MD&A (for three-month period