Analysis (MD&A) Page 2 of 16 Major Events in 2018 The acquisition of GLAND, which has high potential assets, is an important step for CPN to become a leader in mixed-use projects The acquisition of shares in
Baht/USD 35.18 at 30/06/16 (34.45 at 31/03/17) or the respective rate applicable to each offshore subsidiary's base currency. Payout Analysis In Q217 THB 805m final dividend of THB 1.00 per share was
applicable to each offshore subsidiary's base currency. Payout Analysis No dividends were paid out during the quarter. Financial Status The group currently has no interest bearing debt. Cash reserves and
31.81 at 31/03/19, and Baht/USD 31.23 at 31/03/18 (32.45 at 31/12/18) or the respective rate applicable to each offshore subsidiary's base currency. Payout Analysis No dividends were paid in Q119 or Q118
1,491,240 Baht per month. 5. Method use in calculation of value: The rental rate base on the fair market value that valuation by The Valuation & Consultants Co., Ltd. Assessor : The Valuation & Consultants Co
monthly rental at 430,000 Baht per month. 5. Method use in calculation of value: The rental rate base on the fair market value that valuation by The Valuation & Consultants Co., Ltd. Assessor : The
offshore companies were translated at the closing rate of Baht/USD 30.74 at 30/06/19, and Baht/USD 33.17 at 30/06/18 (31.81 at 31/03/19) or the respective rate applicable to each offshore subsidiary's base
to each offshore subsidiary's base currency. Payout Analysis No dividends were paid in Q118 or Q117. Financial Status The group currently has no interest bearing debt. Cash reserves and financial
use in calculation of value: The rental rate base on the fair market value that valuation by The Valuation & Consultants Co., Ltd. Assessor The Valuation & Consultants Company Limited Method of