. Expected Benefits Obtained from Capital increase and Allotment of New Shares 6.1 The Company will have sufficient resource of funds for its business operation and expansion of investment in its business. 6.2

for the use of funds obtained from the increase in capital. The company projects to obtain the funds from the increase in capital within May 2020. 3. The reasonability of the increase in capital, the

obtained from several sources, and Bangkok Commercial Asset Management Public Company Limited (“BAM”) cannot confirm, in all cases, the accuracy and completeness of such data, particularly those from outside

____________________ Clause 35 An appraisal company and a lead appraiser obtained an approval from the SEC Office under Notification of the Office of the Security and Exchange Commission concerning Approval of Appraisal

firm” means a company that has obtained a license to operate business concerning securities brokerage; “registration statement” means a registration statement for the offering of units of foreign

into the Asset Sale and Purchase Agreement with Thai Oil and the payment of the purchase price after both companies obtained the approval of their shareholders’ meeting, in the 2019 Annual General

interviews with the Company’s managements ▪ Information and documents obtained from the Company In addition, the IFA’s opinion was based on the following assumptions: ▪ All information and documents provided

into the Asset Sale and Purchase Agreement with Thai Oil and the payment of the purchase price after both companies obtained the approval of their shareholders’ meeting, in the 2019 Annual General

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS MD&A Q1/2020 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1/2020 After fully completed the acquisition of Glow Energy Public Company Limited (“GLOW”) in December 2019, the Company holds 99.83 percent of GLOW's total issued and sold shares, therefore in Q1/2020, the company recognizes the full operating results from GLOW, together with the investment projects and projects that have been opened f...

overall status of the Company as well. 7. Utilizing plan for proceeds obtained from the disposal of assets The Company plans to utilize proceeds obtained from the Disposal of Komchadluek Business and