fees and service income to operating income ratio 21.2% 23.9% 21.3% (2.7)% (0.1)% 22.5% 22.7% (0.2)% Expense to operating income ratio 45.3% 42.6% 42.8% 2.6% 2.4% 44.0% 41.4% 2.6% Return on average

Analysis (MD&A) Consolidated Financial Results: 3Q19 Major Events Performance Business Plan Document Quick Link Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 2 of 16

the Company during the six-month period prior to the date of this transaction), regarding the Consolidated Financial Statement for the 9 months period ended 30 September 2019 of the Company. The

asset acquisition transactions of the Company during the six-month period prior to the date of this transaction), regarding the Consolidated Financial Statement for the 9 months period ended 30 September

lower transfers of condominium units, and decline in hotel revenue based on market conditions. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Consolidated Financial

% Net interest margin 2.33% 2.34% 2.31% (0.01)% 0.02% 2.34% 2.33% 0.01% Net fees and service income to operating income ratio 21.3% 24.1% 22.7% (2.8)% (1.4)% 22.7% 23.7% (1.0)% Expense to operating income

Overall fees and expenses % of NAV REIT Manager fee Trustee fee Registrar fee Financial advisor fee Underwriting fee Property manager fee Operating and maintenance expense Management expenses Insurance

2018 Separate financial statements Consolidated financial statements Separate financial statements Consolidated financial statements Separate financial statements Consolidated financial statements Total

amount has been converted into THB at an exchange rate of THB1:IDR462 and USD at an exchange rate of USD1:IDR13,999 as of 11 December 2019 3 Unit: THB million1/ Published consolidated financial statement

least THB 1,922.80 million and not exceeding to THB 2,235.00 million (exclusive of value added tax, fee and expense for ownership transfer). The value of sub- Page 6 of 17 leasehold right will be