months, end of September 30, 2018 Financial Statement Consolidate financial statement % revenue from sales Q3/2018 Q3/2017 increase(decrease) Q3/2018 Q3/2017 Revenues from sales 140.51 218.76 (78.25

other relating businesses, by striving to grow sustainably. The company has foreseen the potential of “Nomura Real Estate Development” (NRED) – one of world’s leading real estate developer that has a long

become a leading company in the real estate industry and other relating businesses, by striving to grow sustainably. The company has foreseen the potential of “Nomura Real Estate Development” (NRED) – one

SAAM Energy Development Public Company Limited - 1 - 7 August 2020 Subject: Management Discussion and Analysis for the period ended 30 June 2020 To: The President The Stock Exchange of Thailand SAAM

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Company Limited (“Sansiri”), which is the companies carry on real estate development business; namely, Siripat One Company Limited (“1st Company”), Siripat Two Company Limited (“2nd Company”), Siripat Three