service of electricity engineering. • Property, plant and equipment has increased Baht 30.22 million, as a result of assets for solar energy. • Restricted cash decreased by Baht 6 5 . 2 4 million because

/2019 regarding the Acquisition and Disposition of Assets of the Company due to the investment in Energy Revolution Company Limited. Attention: President, The Stock Exchange of Thailand According to the

/2019 regarding the Acquisition and Disposition of Assets of the Company due to the investment in Energy Revolution Company Limited. (Revised) Attention: President, The Stock Exchange of Thailand

SAAM Energy Development Public Company Limited - 1 - 10 May 2019 Subject: Management Discussion and Analysis for the period ended 31 March 2019 To: The President The Stock Exchange of Thailand SAAM

in trade and other payables of THB 5.77 and THB 19.55 million repayment of long-term loan. SAAM Energy Development Public Company Limited - 5 - Shareholders’ equity At the end of Quarter 2 of 2019, the

. SAAM Energy Development Public Company Limited - 5 - Shareholders’ equity At the end of Quarter 3 of 2019, the SAAM Group presented total shareholders’ equity of THB 293.35 million, a THB 3.65 million or

Seven Utilities and Power Public Company Limited (“The Company” or “7UP”) held on June 25, 2019, the Meeting has approved for the investment in Pracharath Project for 3 Southern Provinces. Ferrum Energy

move towards Green Businesses targeting renewable energy, material recycling and eco management. To pursue its business strategy, 36 MW solar farms in Thailand have been acquired in late 2016 and during

investment in Pracharath Project for 3 Southern Provinces. Ferrum Energy Co., Ltd. (“Ferrum Energy”) shall invest for this amalgamation. Ferrum Envergy is the subsidiary of Ferrum Capital Co., Ltd. (“Ferrum

7.76% Total liabilities 133.21 30.85% 110.69 27.62% 22.52 20.34% Total shareholders’ equity 298.60 69.15% 290.04 72.38% 8.56 2.95% SAAM Energy Development Public Company Limited - 5 - Assets At the end