UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Office of the

UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. 30 Notification of the Office of the

แบบแสดงรายการข้อมูลการเสนอขายหลักทรัพย์ (UNOFFICIAL TRANSLATION) Readers should be aware that only the original Thai text has legal force, and that this English translation is strictly for reference

stood at 0.37x Capital Structure As of December 31, 2018, CPN reported total interest-bearing debt of THB 30,398 mn, an increase from the balance as of December 31, 2017 of THB 9,529 mn, mainly due to the

stood at 0.37x Capital Structure As of December 31, 2018, CPN reported total interest-bearing debt of THB 30,398 mn, an increase from the balance as of December 31, 2017 of THB 9,529 mn, mainly due to the

equity ratio stood at 0.32x Capital Structure As of March 31, 2019, CPN reported total interest-bearing debt of THB 29,875 mn, a decrease from the balance as of December 31, 2018 of THB 30,398 mn, mainly

Weighted average financing cost at the end of 2Q19 stood at 3.20% Net debt to equity ratio stood at 0.47x Capital Structure As of June 30, 2019, CPN reported total interest-bearing debt of THB 37,545 mn, an

Limited Management’s Discussion and Analysis (MD&A) Page 10 of 16 Weighted average financing cost at the end of 3Q19 stood at 2.96% Net debt to equity ratio stood at 0.45x Capital Structure As of September

.) Government spending and investment in infrastructure despite a lower rate of growth due to the delay of government establishing and pending promulgation of 2020 capital expenditure 3.) growth in private

restated due to adjustments in fair value of capital invested in geothermal power plant project in Indonesia Performance of the first 6 months of 2019, Bangchak Corporation Plc. (“the Company”) and its