Management’s Discussion and Analysis (MD&A) for year 2017 1 1. Highlights G Steel Public Limited and its Subsidiaries Management’s Discussion and Analysis (MD&A) for year 2017 Unit: million Baht 2017

Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 1 1. Highlights G Steel Public Limited and its Subsidiaries Management’s Discussion and Analysis (MD&A) for year 2017 (Revised

Microsoft Word - GSTEL Template MDA ENG Q2-2017 SK.doc 1. Highlights G Steel Public Limited and its Subsidiaries Managements Discussion and Analysis (MD&A) Q2/2017 GSteel Unit: million Baht 2 nd

, other inside information which could affect trading price of REIT units or related securities shall be taken into consideration e.g. (1) during the one- month period before public disclosure of the REIT’s

, coupled with high excess production capacity, resulted in a contraction in private investment. However, public spending continued to grow from current expenditure through disbursals for public health

Nation Multimedia Group Public Co., Ltd. 1858/121-122, 1858/125-128 28th, 30th, 31st Floor, Debaratna Road, Bangna-Tai Sub-District, Bangna District, Bangkok 10260 Tel: 0-2-338-3333 Call Center: 0

Thailand Enclosure: 1) Information Memorandum on Assets Acquisition of Master Ad Public Company Limited; 2) Capital Increase Report Form (F53-4); 3) Information Memorandum on the Issuance and Offering of the

Exchange of Thailand Enclosure: 1) Information Memorandum on Assets Acquisition of Master Ad Public Company Limited; (amended) 2) Capital Increase Report Form (F53-4); 3) Information Memorandum on the

Exchange of Thailand Enclosure: 1) Information Memorandum on Assets Acquisition of Master Ad Public Company Limited; 2) Capital Increase Report Form (F53-4); 3) Information Memorandum on the Issuance and

from OKEA’s initial public offering, and also THB 82 million gain on foreign exchange forward contract, whereas, this quarter the gain on foreign exchange forward contract was only THB 1 million