3rd quarter 2019, 3-month and 9-month periods Source of income 3M19 3M18 Change 9M19 9M18 Change 3rd quarter THB mn % THB mn % THB mn % THB mn % THB mn % THB mn % North Point - - - - - - - - 100.0 5.5

)] = 1.01 shares/ 1 warrant Where Price 1 = Exercise Price after the change Price 0 = Exercise Price prior the change Ratio 1 = Exercise Ratio after the change Ratio 0 = Exercise Ratio prior the change MP

51.20 million, loss from impairment of investment in associate of Baht 107.78 million, management benefit expense of Baht 18.68 million, finance costs of Baht 0.69 million and share of loss from

% compared to the same period of previous year. Total Apparent Finished Steel (Unit : Tons) Quarter 3/2016 Quarter 3/2017 % Change Production 1,531,203 1,696,674 10.81% Import 3,242,891 2,843,598 -12.31

Inventory gains/(losses) 4Core Net Profit is Reported Net Profit less Inventory gains/(losses) one-time extraordinary items 5Operating Cash Flow is after change in net working capital and cash tax, before

EBITDA less Inventory gains/(losses) 4Core Net Profit is Reported Net Profit less Inventory gains/(losses) one-time extraordinary items 5Operating Cash Flow is after change in net working capital and cash

change in net working capital and cash tax, before maintenance capex Indorama Ventures 2nd Quarter 2019 MD&A 3 Summary 2Q19 results IVL’s performance for the first half and ongoing progress give us the

-ups in Egypt and Portugal and significantly higher crude oil environment. Indorama Ventures 3rd Quarter 2018 MD&A 4 Strategic Progress Structural Change in Industry and IVL initiatives 2018-2019

such as the closure of some businesses, temporary reduce or change the working hours and the implementation of social distancing. These situation and measures have widely impacted the world economy many

material incidents which affect operation of REIT (Milestone) in the past year, for instance, increase of investment or asset disposal of REIT, modification of trust instrument, change in major lessees, and