consumer products segment 0.7 0.9 (0.2) (22%) Revenue from media services segment 3.8 - 3.8 100% Total 4.5 2.6 1.9 71% E-Commerce segment Revenue from this segment was significant decrease due to declining

1 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 MEDIA INDUSTRY In recent years, advertising industry has witnessed the shift in the media

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 MD&A 1Q 2018 (ended 31 March 2018) 14 MAY 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS The popularity of outdoor media has continuously

, 2018, which was passed to approve the acquisition of 75 percent of shares in VGI Global Media (Malaysia) Sdn. Bhd. (“VGM”), at the purchase price totaling of THB 360,000,000, from VGI Global Media Public

% 11.2% 0.9% In September 2018, the Company completed divestment of Interactive Communications – a subsidiary of the group - and booked gain on sales of investment of THB 12.3 million before tax. As the

investment in renovation of Advertising Media located on the columns under the BTS Sky Trains December 14, 2018 1 Information Memorandum regarding the Acquisition of Assets of Master Ad Public Company Limited

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2017 MD&A FY 2017 (ended 31 December 2017) 12 FEB 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Thailand’s economic recovery remained on track and

National Bank Doha bank Agricultural Bank of China Al Khalij Commercial Bank Commercial Bank of Qatar China Construction Bank Abu Dhabi Commercial Bank Bank of Communications   23% 15% 12% 8% 7% 5% 4% 4% 4

National Bank Doha bank Agricultural Bank of China China Construction Bank Al Khalij Commercial Bank   Bank of Communications Commercial Bank of Qatar Mashreq Bank 21% 13% 10% 10% 8% 8% 5% 5% 5% 3% Total 89

FI  Bank of China Qatar National Bank Doha bank Al Khalij Commercial Bank China Construction Bank Commercial Bank of Qatar   Agricultural Bank of China Bank of Communications 20% 15% 14% 11% 9% 7% 6