from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)   - The

exercise of warrants” and recorded equity under “Equity from exercise of warrants” in the statement of financial position as of 30 June 2018. 2. The Company restated the consolidated financial position as at

quarter of 2017/18 (ended 30 June 2017) 3 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2017/18 2 AUG 2017 1Q 2017/18 SNAPSHOT & ANALYSIS CONSOLIDATED P&L SNAPSHOT THB (mn) 1Q 2016/17 1Q 2017/18

loss on impairment of assets of THB 355mn, chiefly from a revaluation of an equity investment. The YoY decrease in total consolidated expenses was largely as a result of the (i) lower loss on impairment

liabilities and license payable) was at 2.5x decrease from 2.9x in FY23 due to improving EBITDA and lower debt. Total equity was at Bt85,388mn, decreasing by -5.8% due to a decrease in retained earnings

510 - 940 Million through the concession agreement period. Overview Operational Results In the first quarter of the year 2018, the Company had the net profit attributable to equity holders of the

Baht according to the consolidated financial statements. The Company could return to having net profit due to be able to transfer the condominium units under the Newera Condominium project as targeted in

66.8% YoY, and gross profit margin was 20.4%, decreased from 29.2% in 1Q17. • Total assetswas THB 12,187.2mn, an increase of THB 1,729.2mn • Debt to Equity ratio2stood at 0.79 times as of 31 Mar 2018

2018, the Company had the net profit attributable to equity holders of the Company in the amount of Baht 978 Million representing an increase from the same quarter of the previous year by Baht 255

• Gross profit from sales of real estate was THB 215.8mn, decreased 24.6% YoY, and GPM was 27.9% • Total assets as of 30 June 2018 stood at THB 12,753.0mn, an increase of THB 2,295.0mn • Debt to Equity