% Total Marketing Margin (Baht/Liter) 0.70 0.77 -9% 0.85 -18% 0.75 0.78 -4% EBITDA (Million Baht) 359 680 -47% 465 -23% 2,279 2,177 5% Note: marketing margin of Bangchak only Performance of Q4/2019 compared

Translation (Unofficial Translation) PAGE (Unofficial Translation) Page 32 of 32 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly

Microsoft Word - OrKhorNor5-2549F.doc (Unofficial Translation) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference