benefit expenses 14.16 124.10 17.84 33.51 Financial cost 0.14 1.23 0.34 0.64 Share of losses in associates 64.23 562.93 2.91 5.46 Profit (Loss) before tax (274.97) (2,409.90) (94.15) (176.84) Tax

424mn, increasing 360% YoY and 2.5% QoQ mainly from recognition of 3BBIF’s share of profit. Finance cost was at Bt2,391mn, increasing 79% YoY, following higher interest-bearing debt from TTTBB acquisition

(expense) at Bt 424mn, increasing 360% YoY and 2.5% QoQ mainly from recognition of 3BBIF’s share of profit. Finance cost was at Bt2,391mn, increasing 79% YoY, following higher interest-bearing debt from

Difference Percentage associate Management benefit expenses (3.73) (4.51) (078) (82.71) Financial cost (0.31) (0.03) (0.28) (1033.33) Share of loss in associates - (15.06) - - Total expenses (16.97) (32.57

benefit expenses (4.72) (4.17) (0.55) (113.19) Financial cost (0.32) (0.04) (0.28) (800.00) Share of loss in associates - (12.84) (12.84) - Total expenses (19.16) (91.05) (71.89) (21.04) Profit (Loss

372.36 20.73 35.11 Loss from impairment of investment in associate 107.78 783.85 65.33 110.64 Management benefit expenses 18.68 135.86 24.06 40.75 Financial cost 0.69 5.02 0.41 0.69 Share of losses in

........ Year ............. Year ............. Year ............ Total assets Total liabilities Shareholders’ equity Total income Cost Net profits Earnings per share (EPS) Debt/equity ratio (D/E ratio) Return on

share (THB)/4 1.15 1.15 1.25 1.25 1.25 1.25 Book value per share (THB) 25.33 25.87 26.07 26.95 26.56 28.26 Source: Audited Financial Statements of the Tender Offeror Note: /1 Total expense comprises cost

price adjustment and the consistent fall of finished product cost. 3. The company’s retail sales market share was at the second rank, and continues to consistently thrive with the cumulative market share

reduce financing cost. 3. Potential Impact from the Share Offering 3.1 Price Dilution = Market price before the offering – Market price after the offering Market price before the offering = = 3.45 3.2