3.0 1.7% 3.3 1.9% 0.3 10.0% Net Profit attribute to Shareholders (Loss) 0.4 0.2% 0.5 0.3% 0.1 25.0% Management Discussion and Analysis Q1/2019 Page 2/4 JAS Asset Public Company Limited Rental and

% (82.5) (86.8) (4.3) 5.2% Net Profit attribute to Equity Holder of the Company 119.9 148.5 28.6 23.9% 236.0 293.0 57.0 24.2% Total Revenues The Company’s total income for the second quarter of 2019 equaled

(35.9) (39.3) 9.6% (54.2) (82.5) 52.2% Net Profit attribute to Equity Holder of the Company 124.8 119.9 -3.9% 198.0 236.0 19.2% Total Revenues The Company’s total income for the second quarter of 2018

239.3 -319 -57.1% Finance Cost 71.2 111.9 40.7 57.1% 134.7 210.9 76 56.6% Tax Expenses 59.5 19.4 -40.1 -67.4% 62.4 36.6 -26 -41.3% Net Profit attribute to Equity’s Shareholders. 148.1 44.5 -103.6 -69.9

our food retailing in Vietnam category. We attribute growth in SSSG in our food retailing in Vietnam category to our ongoing turnaround efforts with respect to Big C, which have resulted in improved

SEGMENT BLENDED OFFICE PERFORMANCE METRICS NET FLOOR AREA (NFA) & OCCUPANCY RATE 99% BLENDED OCCUPANCY UNDERWOOD STREET RENOVATION COMPLETED Renovation of Underwood Street office building was completed in

, resulting in a blended ARPU of Bt224, up 5.1% YoY and flat QoQ. Prepaid ARPU rose to Bt137, benefiting from higher daily top-ups due to digital usage growth. Postpaid ARPU remained flat QoQ at Bt448

data usage, resulting in a blended ARPU of Bt224, up 5.1% YoY and flat QoQ. Prepaid ARPU rose to Bt137, benefiting from higher daily top-ups due to digital usage growth. Postpaid ARPU remained flat QoQ

demand led to increased data usage, resulting in a blended ARPU of Bt223, up 3.0% YoY. Prepaid ARPU remain flat QoQ from seasonality. Postpaid ARPU declined QoQ, pressured by continuous effort in handset

982.3 169.9 21.5% (21.8) (2.2)% Profit Attribute to Equity Holders of the Company 133.3 110.9 108.0 22.4 20.2% 25.3 23.4% In the first quarter of 2017, the Company's total revenue increased from Q4-2016