-Translation- M06/005/18 May 15, 2018. Subject Clarification of Q1/2018 Company Performance To The President of the Stock Exchange of Thailand Reference MDX Public Company Limited and its

B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Electricity Sales to EGAT • Electricity sales to EGAT increased 16.0% year- on-year from Baht 12,616 million for 9M’2016 to Baht

PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION 3 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Electricity Sales to Industrial Users (IUs) – Vietnam

PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION 3 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Electricity Sales to Industrial

COMPANY LIMITED Management’s Discussion and Analysis 6M’2017 6M’2018 % change Q1’2018 Q2’2018 % change million Baht million Baht y-on-y million Baht million Baht q-on-q Electricity sales Sales to EGAT 9,714

– Non-operating income / (expense) B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Q1’19 Q4’19 Q1’20 change change Btmn Btmn Btmn y-on-y q-on-q Electricity sales Sales to EGAT

PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY EXECUTIVE SUMMARY 2 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Electricity Sales to EGAT • Electricity sales to EGAT

Company Limited (a 100-percent subsidiary of IEC) through a contract with Energy System Engineering and Service Co., Ltd. (ESES), deemed under control of Mr. Bhusansa and Mr. Saran, for the construction of

nine-month period ended September 30, 2019, the Company announces net loss of Baht 21.56 million, compared to a net loss of Baht 29.42 million from the same period of previous year. Sales electricity and

PUBLIC COMPANY LIMITED Management’s Discussion and Analysis 9M’2017 9M’2018 % change Q2’2018 Q3’2018 % change million Baht million Baht y-on-y million Baht million Baht q-on-q Electricity sales Sales to