February 20, 2019 Re: Management Discussion and Analysis for full year 2018 To: Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated

from foreign exchange. On a QoQ basis, total revenues dropped 56% with a decrease in net profit of 62%, as there was a (non- recurring revenue) recognition of the 50-year lease upfront payment of a

-month period ended September 30, 2018 To The President The Stock Exchange of Thailand Management Discussion and Analysis Consolidated Financial Statements For the nine-month period ended September 30

income recognition on the loan to SGAH. In summary, Q2 2019 performed better than Q2 2018, if not for unrealized loss on foreign currency exchange and non-recurring expenses of Baht 162 million. 1st half

ended June 30, 2018 Attention: President The Stock Exchange of Thailand Oishi Group Public Company Limited and subsidiaries clarify consolidated operating results and consolidated financial statements for

Rules for Operation of Derivatives Exchange

affected the Company’s businesses. Excluding the non-recurring items and impact of TFRS16 applied, total revenue stood at THB 3,613 mn and net loss stood at THB 611 mn (for the first six months of 2020

affected the Company’s businesses. Excluding the non-recurring items and impact of TFRS16 applied, total revenue and net profit decreased by 60.7% and 123.5% respectively (for the first six months of 2020

) 302.9% Profit (loss) of the year 450.1 17.5% (466.9) (12.2%) (916.9) (203.7%) Adjusted items Net unrealized loss on exchange rate - - 39.2 1.0% 39.2 - Non-recurring items2 (138.7) (5.4%) 329.3 8.6% 467.9

(loss) of the year 464.4 29.2% (299.9) (11.4%) (164.6%) Adjusted items Net unrealized loss on exchange rate - - 29.0 1.1% - Non-recurring items2 235.5 14.8% (261.8) (9.9%) (211.2) Adjusted EBITDA3 715.8