1 1Q18 MD&A Advanced Info Service Plc. Executive Summary Expand into potential growth areas of enterprise and mobile money AIS has executed two strategic deals totaling Bt4.2bn of cash transactions

Company Limited (“PA12”) (formerly known as “BTS Sansiri Holding Fifteen Limited”) from Sansiri JV. CASH FLOW As of 30 June 2020, cash and cash equivalents was THB 2,372mn, decreasing from THB 2,767mn at

local financial institution 70 million baht and the rest 225 million baht for developing business. Detail of the transactions are as follow. 1. Transaction date With in August, 2018 2. Parties involved

will be Baht 3,682,000 advanced deposit on the agreement date and will pay the rest, Baht 33,138,00 within November 2, 2018. 5. Total value of assets acquired and the basis used to determine the value of

initial launch period was supported by popularity of high-end 5G handset such as iPhone12 while introduction of 5G handsets under Bt10,000 in 1Q21 were expected to accelerate 5G adoption rate for the rest

of 58% YoY. Page 8 4. Financial Position of the Company and its Subsidiaries (Unit: Baht Million) 30 June 2018 31 December 2017 % Change Cash and cash equivalents 134 100 +33% Trade receivables 729 781

% Core EPS after PERP Interest (THB) 0.85 0.67 1.31 (35)% 3.67 3.86 (5)% Core EBITDA/ton ($) 115 102 153 (25)% 119 132 (10)% Operating Cash Flow5 385 261 222 73% 1,172 855 37% Net Debt to Equity (times

the corresponding period last year, and (3) the rest amounted to THB 75 million, risen by THB 10 million or 15.3% as a result of the marketing activities to stimulus the domestic demand of the branded

and license payable to EBITDA was at 2.2x. Total equity was at Bt82,402mn, increasing 0.7%. Cash flow In 1H22, cash flow from operation (after tax) reported at Bt36,203mn, decreasing -12% YoY following

- commissioning activities planned in December 2017 and startup early 2018. In addition to improved cash flows as a result of the better performance, the Company’s Balance Sheet al- so strengthened as a consequence