: AKS CORPORATION PUBLIC COMPANY LIMITED ALLA: ALLA PUBLIC COMPANY LIMITED ALPHAX: ALPHA DIVISIONS PUBLIC COMPANY LIMITED ALT: ALT TELECOM PUBLIC COMPANY LIMITED ALUCON: ALUCON PUBLIC COMPANY LIMITED AMA

LIMITED AKS: AKS CORPORATION PUBLIC COMPANY LIMITED ALLA: ALLA PUBLIC COMPANY LIMITED ALPHAX: ALPHA DIVISIONS PUBLIC COMPANY LIMITED ALT: ALT TELECOM PUBLIC COMPANY LIMITED ALUCON: ALUCON PUBLIC COMPANY

The opinions of the Independent Financial Advisor on the connected transaction (For the purpose of translation only) 0 The opinions of the Independent Financial Advisor on the connected transaction by Thai Wacoal Public Company Limited Presented to Shareholders of Thai Wacoal Public Company Limited Prepared by 8 March 2019 This English report of the Independent Financial Advisor’s Opinions has been prepared solely for the convenience of foreign shareholders of Thai Wacoal Public Company Limited...

DIVISIONS PUBLIC COMPANY LIMITED ALT TELECOM PUBLIC COMPANY LIMITED ALUCON PUBLIC COMPANY LIMITED AMA MARINE PUBLIC COMPANY LIMITED AMANAH LEASING PUBLIC COMPANY LIMITED AMARIN PRINTING AND PUBLISHING PUBLIC

COMPANY LIMITED ALLEN OVERY SHEARMAN STERLING (THAILAN... ALLIANZ AYUDHYA ASSURANCE PUBLIC COMPA... ALLIANZ AYUDHYA CAPITAL PUBLIC COMPANY... ALPHA DIVISIONS PUBLIC COMPANY LIMITED ALT TELECOM PUBLIC

CAPITAL PUBLIC COMPANY LIMITED ALPHA CAPITAL ASSET MANAGEMENT COMPANY LIMITED ALPHA CAPITAL PARTNERS GROUP PUBLIC COMPANY LIMITED ALPHA DIVISIONS PUBLIC COMPANY LIMITED ALT TELECOM PUBLIC COMPANY LIMITED

PUBLIC COMPANY... ALPHA DIVISIONS PUBLIC COMPANY LIMITED ALT TELECOM PUBLIC COMPANY LIMITED ALUCON PUBLIC COMPANY LIMITED AMA MARINE PUBLIC COMPANY LIMITED AMANAH LEASING PUBLIC COMPANY LIMITED AMARIN