Management Discussion and Analysis For the second quarter and six-month ended June 30, 2019 Kiatnakin Bank Public Company Limited Investor Relations Email: investor_relations@kiatnakin.co.th Tel. +66

of RPV, separated into 3 instalments as follows: First instalment: THB 601 million which is paid on the Completion Date when RPV shares are transferred to BSE. Second instalment: THB 120 million which

period. While the interest arising from the loans for investment in the second phase of Hydrant pipeline system expansion project at BKK of TARCO and NFPT Project will be capitalize in the projects' cost

concession period of the MRT Blue Line Concession Agreement starting from the second quarter of the year 2017. Financial cost amounted to Baht 594 Million representing an increase from the same quarter of the

because the second quarter is low seasonal quarter of the advertising business. The economy began to recover, many companies are cautious to spend on advertising. However, customers who focus on content

increase equivalent to 14.3% at year-ended 2016. This first mainly due to increasing of trade and other receivables. The second, due to inventories and short-term investment. Current assets accounted for

3) Advertising income was Bt1mn, decreased 1232.0% YoY because the second quarter is low seasonal quarter of the advertising business. The economy began to recover. Many companies are cautious to

the hospital building 2. Second part Land with the title deed No 9641 (divided) 23944 and 42402 with 2 rai 11.6 SQ.WA. The company will pay for the land ownership in amounts of 86 Million Baht so as to

first part of the land is on 3rd June 2018 for the proceeding of construction the hospital building 2. Second part Land with the title deed No 9641 (divided) 23944 and 42402 with 2 rai 11.6 SQ.WA. The

Exchange Commission No. SorThor. 49/2549 Re: Rules on Exemption from Appointment of Independent Director of Securities Companies -------------------------------- By virtue of (1) The second paragraph of