profit 427.9 354.5 73.4 20.7 Net gain (loss) on exchange rate 112.2 (28.3) 140.5 N.A. (>100) Gain on forward contracts 49.5 - 49.5 N.A. (>100) Other income 173.0 14.1 158.9 1,127.0 Profit before expenses

0.9 (99.5%) (91.8%) 25.1 173.9 592.8% Profit before expenses 383.5 713.1 388.3 (45.5%) 1.3% 723.8 1,101.4 52.2% Gain (loss) on forward contracts - 49.5 (50.8) N.A. (

905.0 3.6% Net gain (loss) on exchange rate (58.6) 55.1 30.9 (43.9%) N.A. (>100) 53.6 86.0 60.4% Gain (loss) on forward contracts (50.8) 11.2 4.5 (59.8%) N.A. (>100) (1.3) 15.7 N.A. (>100) Other income

profit 463.1 465.6 496.5 6.6% 7.2% 1,337.0 1,401.5 4.8% Net gain on exchange rate 37.6 30.9 83.6 170.6% 122.3% 91.2 169.6 86.0% Gain on forward contracts 8.4 4.5 6.0 33.3% (28.6%) 7.1 21.7 205.6% Gain from

) on forward contracts 11.2 4.5 6.0 (9.5) (15.5) N.A.(100) Gain from business acquisition - - - - - - 2.2 - (2.2) N.A.(

effective use of financial instruments that match the environment of the money and capital markets. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 4 of 10 3Q17 Performance

transactions are unnecessarily complex; (7) the client places both buy and sell orders in proximate prices and time, which may be deemed that he intends to match the trades (matched order) without any

match the trades (matched order) without any justifiable purposes; (8) the client deposits a significant amount of cash with securities company without a clear order on how the money will be used for

and time, which may be deemed that he intends to match the trades (matched order) without any justifiable purposes; (8) the client deposits a significant amount of cash with securities company without a

will adjust our production strategy to match with the domestic consumption and export the foreseeable in future. We would like to sincerely thank all our shareholders for their support and belief in the