Microsoft Word - Final_Eng_MD&A Q1'18.docx (Translation) May 15, 2018 Ref: SET-2018-012 Re: Management Discussion and Analysis for Quarter 1’ 2018 Attn. to: President The Stock Exchange of Thailand

performance shall be on the same page; (b) a statement specifying that the measurement of fund performance has been prepared in accordance with performance measurement standards set out by the Association. The

of fund performance has been prepared in accordance with performance measurement standards set out by the Association. The statement shall be placed after the statement under (a) and on the same page

from ‘International Advertising’  Expanded our footprint to Vietnam market – the fastest growing economy in Southeast Asia  Net profit excluding minority interest was THB 161mn KEY BUSINESS AND

a rate of 5% to 8%, starting from January 1, 2024 onwards, which affects the quality of assets in Stage 3. However, the Company has set aside Management Overlays which covered the exposure from the

was Baht 3 2 3 ,2 9 6 ,0 7 7 .4 3 . The court now has a judgment on July 16, 2018 which the defendant to pay Baht 314,995,077.20 with interest at the rate of 12 percent per annum of the principal amount

interest at the rate of 12 percent per annum of the principal amount of Baht 243,362,657.56 from 30 June 2017 and pay interest at the rate of 7.5 percent per annum of the principal amount of Baht

and the Notification of the Board of Governors of the Stock Exchange of Thailand (SET), entitled Disclosure of Information and Other Acts of Listed Companies concerning the Connected Transaction, B.E

enhanced its investment in a new project. On November 15, 2018, EGCO by Gen Plus B.V., has signed sale and purchase agreement to invest in a 49% ownership interest in Paju Energy Service Co.Ltd. (Paju ES

are normally drop in volume during holiday seasons and high SG&A, 2) an improvement on financing cost mainly attributable to debt refinancing, 3) lower interest expense from ABPIF and 4) relatively