2Q 2019 - MD&A (for three-month period ended 30 June 2019) 3 U CITY PCL SEGMENTAL PERFORMANCE 2Q 2019 REVENUE CONTRIBUTION BY SEGMENT 2Q 2019 REVENUE GROWTH CONTRIBUTION This quarter, the hospitality

of income generating assets from the EBT of UE since 16 March 2018, whose revenue contribution this quarter amounted to THB 119mn, being partially offset by (iii) a decrease of 25.8% YoY or THB 29mn of

-from-home situation. FBB revenue grew 25%YoY, though the price competition remained high led to ARPU declining of -12%YoY. Revenue from Enterprise non-mobile, which are the main contribution of “Other

because more contribution from subsidiary’s profit as the Company’s stake has increased to 98.31% from 53.93% in 1Q’18. Page 3 of 4 The consolidated profit before non-controlling interest in year 2018

-fixed broadband revenue. Excluding TTTBB's contribution, the Enterprise’s organic revenue dropped -1.1% YoY and -2.8% QoQ from those quarters with sizable projects. The cost of service increased by 4.5

contribution from engineering impacted the EBITDA to the upside. While there was an increase in short-term financing facilities overall financing costs have reduced as the long-term loan is repaid. Income tax

March 2018 to 23.0% in the same period of 2019 which was mainly due (1) change in sales mix with more contribution from brands with higher food cost (2) negative same-store sales growth of 4.4% and (3

respectively, an increase of THB 49.0 Mn or 4.5%. This increase was mainly due to (1) increase in revenue contribution of the brands with higher % cost of goods sold. (2) the increase of packaging cost related

International Advertising in order to reflect on its international expansion strategy. Accordingly, the revenue contribution was divided into 1) Domestic Advertising revenue of 34.5% (or THB 258mn); 2

20 (Reversal of) loss on devaluation of purchase orders not yet incoming 28 Employee benefit expenses 4 Loss on write-off of assets 8 723 Changes in operating assets and liabilities Trade accounts