of assets pursuant to the Notification of the Capital Market Supervisory Board stated in Thor Chor 20/2551 Re: Rules on the Significant Acquisition of Disposition of Assets dated on August 31, 2008

is below 15%. Therefore, this transaction is not applicable to the regulations of acquisition or disposal of assets by having significant value for listed companies. (12) For said Board of Directors

& Hoeglund Public Company Limited “the Company”, the management would like to discuss and analyse of the financial statements for the year 201 ended December 31, 2017 including the significant situation and

revenue as there was a lead time for certain expenses that the Company must plan in advance such as advertising expenses spent on various media. Furthermore, the Company had significant advertising and

compared to the same quarter of prior year by Baht 0.29 million or equivalent to 14.02%. It is not a significant difference. 1.3 Cost of services Unit : Million Baht March 31, 2019 March 31, 2018 Increase

significant decrease in revenue from property ownership transfer from many projects. The Company's net profit for the first six-month period of 2019 was 104.30 million Baht or 14.87% of total revenue. The net

decrease of Baht 52.38 million or 9.27 % decrease. The significant decrease were cash and cash equivalents of Baht 69.07 million since some amount received from the capital increase was spent for account

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on June 30, 2018 1 Significant events 1. On March 30, 2018, Bangkok

., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 (“TRANSLATION”) TG 209/2561 November 12, 2018 Subject: Clarification of the Operating Result for the significant change Attention

to the regulations of acquisition or disposal of assets by having significant value for listed companies. (11) For said Board of Directors’ meeting, the director (s) with possible conflict of interests