Microsoft Word - GSTEL Template MDA ENG Q2-2017 SK.doc 1. Highlights G Steel Public Limited and its Subsidiaries Managements Discussion and Analysis (MD&A) Q2/2017 GSteel Unit: million Baht 2 nd

Management’s Discussion and Analysis (MD&A) For Q3/2017 1 1. Highlights G Steel Public Limited and its Subsidiaries Management’s Discussion and Analysis (MD&A) Q3/2017 (Additional) Unit: million Baht

(annually), ending 31 December 2018 6 G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2018 Chart of share of world crude steel production 2017 and 2018 Such the situation showed

G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2018 (Revised) Unit: million Baht Year 2018 Year 2017 Pe rf or m an ce Revenues 29,910 15,178 Sales Volume (k tons) 1,447

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information to the Office, the Stock Exchange of Thailand and the unit holders. Such duty shall include the delivery of the trust’s annual report to the unit holders along with the notice of the annual general

Management’s Discussion and Analysis (MD&A) For Q3/2017 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) Q3/2017 Unit: million Baht 3rd Quarter 2017 3rd Quarter

year 990 (7) 14186% Basic loss per share (in Baht) 0.086 (0.001) 13044% Table 4: Summary of Financial Results Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 15 Unit : Million Baht 31

Unit: million Baht 2 nd Quarter 2017 2 nd Quarter 2016 Group Revenues 3,276 3,278 Group Sales Volume (k tons) 188 188 Group EBITDA 64 613 P er fo rm an ce Group Net Profit (Loss) (233) 183 HRC Sales (k

%) Basic loss per share (in Baht) 0.086 (0.001) (13044%) Table 4: Summary of Financial Results Management’s Discussion and Analysis (MD&A) for year 2017 15 Unit : Million Baht 31 December 2017 31 December