50.33 1.08 2.2% Administrative expenses 28.95 27.89 1.06 3.8% 95.26 83.72 11.54 13.8% Total expenses 605.28 738.09 -132.81 -18.0% 2,002.28 2,311.76 -309.48 -13.4% Earning before interest and tax 34.16

from continuing operations before finance costs and tax expense 7,598 12.0% 3,590 6.7% 4,008 111.6% Finance costs 292 0.5% 249 0.5% 43 17.3% Profit from continuing operations before tax expense 7,306

65.95 67.77 -1.82 -2.7% Administrative expenses 122.77 115.49 7.28 6.3% Total expenses 2,616.41 3,065.73 -449.32 -14.7% Earning before interest and tax 159.52 253.50 -93.98 -37.1% Finance cost -3.67 -5.55

-255.22 -40.0% Selling expenses 10.96 15.50 -4.54 -29.3% Administrative expenses 27.15 36.60 -9.45 -25.8% Total expenses 421.24 690.45 -269.21 -39.0% Earning before interest and tax -4.65 34.93 -39.58

690.75 million baht or an increase of 5.67 percent (2Q2019: 653.67 million baht). The profit before finance costs, tax, depreciation and amortization of 620.54 million baht or increased by 15.56 percent

% or THB 13,902mn from 31 December 2017, mostly from the EBT of UE, which was funded by a capital increase via issuance of preferred shares in the first quarter  Net debt to equity ratio as of 31

” means a bond in which the issuer provides a collateral for debt repayment by means of mortgage, pledge, guarantor or any other collateral; 2 (3) “unsecured bond” means a bond in which the issuer does not

885.25 2.53 Cost from the water management business 144.48 71.48 102.13 Selling expenses 52.88 55.88 (5.37) Administrative expenses 73.38 77.04 (4.75) Finance cost 34.20 23.26 47.03 Profit before income

administrative expenses totaling Bt2,530. 6 million, an increase of Bt259. 9 million or 11. 4%(y-o-y) and operating profit before financial costs, EBIT amounted to Bt1,424.5 million, a decrease of Bt114.4 million

option/Put option The issuer has the right to redeem the debentures before maturity Credit rating of debentures -None- Lead managers Ktb Securities (Thailand) Public Co., Ltd. 2 Debenture Holders