- Translation - Page 1 of 4 CBG 013/2020 8 May 2020 Subject Management discussions and analysis for the 3-month period ended 31 March 2020 To President The Stock Exchange of Thailand We, Carabao

1 Ref. No. IVL 007/08/2017 9 Aug 2017 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Reviewed Financial Statements and the Management Discussion and Analysis of

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

Ref. No. IVL 002/11/2018 Nov 8, 2018 The President The Stock Exchange of Thailand Subject: Submission of Annual Audited Financial Statements and the Management Discussion and Analysis of Indorama

% EBITDA 226 286 -21% 44 414% 499 923 -46% อัตราก้าไร EBITDA (%) 5.9% 7.8% -1.9% 1.4% 4.5% 3.8% 5.7% -1.9% Stock Gain/(Loss) & NRV -13 -24 -46% 13 -200% -132 -463 -71% Adjusted EBITDA(1) 239 310 -23% 31 671

Ref. No. IVL 002/05/2020 12 May 2020 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Review of Financial Statements and the Management Discussion and Analysis of

จึงทำให้ บริษัทฯ มี Stock Loss & NRV จำนวน 374 ล้านบาท ส่งผลให้บริษัทฯ มี EBITDA จำนวน -120 ล้านบาท ลดลงจากไตรมาส 2/2562 ร้อยละ 236 แต่เมื่อหักผลกระทบ Stock Loss & NRV จำนวนดังกล่าวแล้ว ทำให้บริษัทฯ มี

Stock Exchange of Thailand Attachment: Management Discussion and Analysis ended 31 March 2020 As Golden Lime Public Company Limited (“the Company”) and its subsidiaries have submitted the Interim

Ref. No. IVL [002/08/2019] 8 August 2019 The President The Stock Exchange of Thailand Subject: Submission of Quartely Review of Financial Statements and the Management Discussion and Analysis of

รายได้จากการขาย 3,290 4,236 -22% 2,816 17% 6,106 8,867 -31% EBITDA 88 137 -36% 141 -38% 229 348 -34% อัตราก้าไร EBITDA (%) 2.7% 3.2% -0.5% 5.1% -2.4% 3.8% 3.9% -0.1% Stock Gain/(Loss) & NRV -58 -149 -61