Chief Executive Officer to negotiate, consider, agree, certify, sign and/or execute any documents that related to the transaction in order to the complete the objectives. Today, the Company has entered

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 MD&A 1Q 2018 (ended 31 March 2018) 14 MAY 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS The popularity of outdoor media has continuously

for overseas business expansion. Additionally, the Company continued to be adversely affected by news related to manufacturers of substandard products and the closure of the biggest wholesale skincare

% in the domestic. A slight drop in the domestic was due to the sluggish demand as major business activities interrupted and curfew measures implemented during late March to June in Thailand to confine

such act and things relating to the Transaction under the principle approved by the Board of Director Meeting. Please be informed accordingly. Sincerely yours, Mr.Pana Janviroj Chief Executive Officer

from Yemen and Afghanistan. Export sales to CLMV countries, an existing and large international business base for the Company, increased by THB 526 million or 36.4% mainly due to higher demand from

gain from asset sale to director, which is not related to the Company’s core business. Cost of sales and services Cost of sales and services consists of cost of sales from renewable energy investment

The third quarter of 2017/18 (ended 31 December 2017) 1 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2017/18 12 FEB 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Advertising

) 729.9% Gross profit 426.3 446.0 463.1 3.8% 8.6% 1,200.9 1,337.0 11.3% Net gain (loss) on exchange rate (7.3) (58.6) 37.6 N.A.(>100) N.A.(>100) (83.2) 91.2 N.A.(>100) Gain from business acquisition - - 2.2

propose to the Shareholders Meeting to consider and authorize the Board of Directors and/or the Chief Executive Officer and/or any person authorized by such person to negotiate, agree, determine, amend the