(Translation) NEP-AC 003/2562 14 August 2019 Subject: Management Discussion and Analysis for Q2 ended of 30 June 2019 To : The President The Stock Exchange of Thailand Operating Result NEP Realty and

(Translation) NEP-AC 002/2561 9 August 2018 Subject : Management Discussion and Analysis for 2nd Quarter ended 30 June 2018 To : The President The Stock Exchange of Thailand Operating Result NEP

(Translation) NEP-AC 003/2561 8 November 2018 Subject : Management Discussion and Analysis for 3rd Quarter ended 30 September 2018 To : The President The Stock Exchange of Thailand Operating Result

(Translation) NEP-AC 004/2562 14 Nov 2019 Subject: Management Discussion and Analysis for Q3 year ended 30 Sep 2019 To : The President The Stock Exchange of Thailand Operating Result NEP Realty and

(Translation) NEP-AC 002/2563 14 May 2020 Subject: Management Discussion and Analysis for Q1 end of 31 March 2020 To : The President The Stock Exchange of Thailand Operating Result NEP Realty and

ratio: 0.865 Tons = 1,000 Liters (5) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV Operating performance comparison between 2Q2020 vs. 2Q2019 In 2Q2020, the Company

1Q2019 as table above. (4) Conversion ratio: 0.865 Tons = 1,000 Liters (5) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV Operating performance comparison between 1Q2020 vs

1 Ref: AC.006/2019 25 February 2019 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

1 Ref: AC.017/2018 14 May 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

Management Discussion and Analysis 1 Ref: AC.017/2020 18 May 2020 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange