–0.9% QoQ. AIS Fibre (home broadband service) subscriber base continued to be driven by demand for home connectivity in the new normal with the solid subscriber growth of 34% YoY, gaining 53k net adds in

needs to register the increase of the Company's registered capital and paid-up capital and the amendment to the Company's memorandum of association with the Department of Business Development, the

growth was chiefly attributed to (i) higher operating revenue from the hotel business in Europe, which contributed operating revenue of THB 1,256mn, an increase of 9.4%YoY or THB 108mn; (ii) consolidation

Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 201" Page 1 (Translation) 1. Significant events of the , nd quar ter of 2018 1.1 The Expansion of Electr icity and Stream

construction. In addition, due to the low growth of retail business and rapid growth on e-commerce in recent years, the level of competition in this business, community malls included, became more intense

the Company entered into lease agreement. Since then, Project MET has not started any construction. In addition, due to the low growth of retail business and rapid growth on e-commerce in recent years

Ratio (Times) N/A N/A N/A Cash Basis (Times) 1.48 1.48 1.11 Dividend paid (%) * - 99.90 99.90 Per-Share Data and Growth Rate of All Types of Business 2016 2015 2014 Per-share Data Book Value per share

Baht 405.5 million in 2Q2017 due to Operating Revenue increased 9.6% YoY. The increase of Operating Revenue was mainly attributable to growth of industrial water’s sales volume from the commercial

growth plans Indorama Ventures 1st Quarter 2018 MD&A 4 Portfolio Development We continue to upgrade our portfolio through organic growth, operational excellence initiatives, value accretive acquisitions

. Solid demand for home connectivity driven by pandemic AIS Fibre, fixed broadband business (FBB), continued growing strongly with subscriber growth of 29% vs overall market growth of 10-12% driven by