Page 2 Management Discussion and Analysis 1. Significant events in the third Quarter of 2018  The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited

ES) (EGCO holds a 49.00% ownership interest), located in Gangdong-gu, Seoul, South Korea with a capacity of 19.80 MW. Gangdong will sell electricity to Korea Electric Power Corporation (KEPCO), the

Power Plant Unit 4: Unit : Million Baht Quarter 3 Change Increase (Decrease) 2017 2016 Amount % Electricity revenue - Availability Payment (AP) - Energy Payment (EP) 1,112 2,520 1,273 2,808 (161) (288

, impairment and impact of lease income 1,355 832 523 63%  Khanom Power Plant Unit 2 and 3: Unit : Million Baht 2017 2016 Change Increase (Decrease) Amount % Electricity revenue - Availability Payment (AP

Incomes mainly consists of Interest Income from Loans to GHECO-One and Dividends Received from Investments in Glow IPP Power Plant1. 5 Administrative Expenses and Income Tax (Expnese) Income include the

Korea Electric Power Corporation (KEPCO), the sole off-taker of wholesale power generation in South Korea, through the Korea Power Exchange (KPX). Gangdong also sells thermal energy, and receive renewable

Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result for the Fiscal Year Ended December 31, 2017 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

Page 2 Management Discussion and Analysis 1. Significant events in the second Quarter of 2019 1.1 The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited

Eastern Power Group Public Company Limited (EP), the issuer of EP249A bonds, will convene the bondholders’ meeting No. 1/2024 on 13 September 2024 at 14.00 hours via online and onsite channels