., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 (“TRANSLATION”) TG 052/2020 May 11, 2020 Subject: Clarification of the Operating Result for the significant change Attention: The

, equaled to 3.03% of the total revenues from the operations. The significant changes of each type of the revenues can be explained as follows: 1. REVENUES FROM SALES In the third quarter of 2019, the

Profit) up 46% and LTM 3Q17, up 49%  3Q17 Core EPS up 59% and LTM 3Q17, up 75% The Company has delivered significant improvement in core net profit over the last quarter, despite a stronger Thai Baht. In

term has provided premium margins and low variability. The commodity segment represents ~60% of IVL’s EBITDA, at a significant 2 alpha to benchmark margins set in China, due to our global integrated

Public Company Limited 1. Key Highlights in Q2/2020 1.1 BAM was included in MSCI and FTSE The Company was included in MSCI Global Standard, assessed by Morgan Stanley Capital Investment and FTSE SET Mid

regarding to the Capital Market Supervisory Board Announcement TorJor20/2551 about the regulation on significant transactions subjecting to be an acquisition or disposition of assets, effective on August 31

of 2019. Exports, tourism and private investment – among major economic activities – were hampered by the worse-than-expected global economic slowdown. Meanwhile, consumers’ purchasing power weakened

Board No. Tor.Jor. 20/2008 regarding Criteria for entering into significant transaction that is the acquisition or disposal of assets and Notification of the Board of Governors of the Stock Exchange of

Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 MOU signing with

Limited (the “Company”) hereby informs that the Board of Directors’ Meeting No. 1/2019, which was held on January 30, 2019 at 10.00 hours, has passed significant resolutions which may be summarized as