Management Discussion and Analysis For the fourth quarter and year ended December 31, 2018 Kiatnakin Bank Public Company Limited Investor Relations Email: investor_relations@kiatnakin.co.th Tel. +66

Management Discussion and Analysis For the fourth quarter and year ended December 31, 2018 (Unaudited) Kiatnakin Bank Public Company Limited Investor Relations Email: investor_relations

, household purchasing power saw limited recovery. Under these circumstances, the Thai economy in this quarter may grow at a slower pace of 3.2 percent over-year, which is also less than the 3.7 percent growth

time, we have focused on collaboration and synergy with other companies within KASIKORNBANK FINANCIAL CONGLOMERATE, Muang Thai Life Assurance Public Company Limited and our business partners, for service

operational staff. Additionally, in July, the Ministry of Finance approved the establishment of GPSC Treasury Center Company Limited (GPSC TC), a 100% owned subsidiary of GPSC set up to increase efficiency and

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A9Rl82jco_1g84tbb_6bg.tmp 1 (TRANSLATION) SAFARI WORLD PUBLIC COMPANY LIMITED PCL 0107537000351 Ref. No. 014/2019 18 March 2019 Subject: Notification of the Resolution of the Board of Director’s

year such as manufacturing (number of factories, total production capacity), acquisition of raw materials or products for sale, number of raw material distributors, proportions of domestic and overseas

durable goods. The Thai economy hence showed ongoing improvement from the first quarter. Nonetheless, the economic expansion, which was still limited and uneven, affected the performance of KBank and our

Public Company Limited developed an innovative electronic payment system, the Bangchak Digital Payment. The service was piloted at the Sukhumvit 62 and Srinakarin 1 service stations since April. With this