80.81% of CCPH shares from the received of 8,956,377 CCPH shares at post-transaction. As a result, the Company shall record profit and loss of CCPH’s using equity method to reflecting its shareholding of

the trust has any non-cash items such as amortized expenses or unrealized loss, the management company may set up the reserve under paragraph one not exceeding the sum of the money incumbent under 1

Share before private placement transaction = Net Profit (Loss) of the 4 most recent quarters / number of registered ordinary shares Net Profit (Loss) of the Company of the 4 most recent quarters is

private placement transaction = Net Profit (Loss) of the 4 most recent quarters / number of registered ordinary shares Net Profit (Loss) of the Company of the 4 most recent quarters is calculated from net

foreign exchange gain (loss) has taken into account fair value valuation of derivatives in accordance with TFRS9. 3. Adjusted Net Income is net profit attributed to the Company excluding "fair value of

resulting to the utilization of tax loss carry forwards in subsequent years. On 26 September 2017, the Central Tax Court dismissed the case. However, the company recognized net provision at the amount of Baht

income of Baht 15 million from RPCL. Gain or Loss from the Exchange Rate In Q3/2018, the company reported the losses of exchange rate in total of Baht 18 million, increased by Baht 45 million from Q2/2018

/2017 by Baht 45 million or 41% due to the following reasons: • Shares of loss from Xayaburi Power Company Limited (XPCL) decreased by Baht 1 million from Q1/2018 but increased by Baht 4 million from Q2

increased by Baht 41 million or 37%. The reasons are as follows: • Shares of loss from Xayaburi Power Company Limited (XPCL) increased by Baht 1 million from Q3/2017 but decreased by Baht 6 million from Q4

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1/2018 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED Management Discussion & Analysis