Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary The Company implemented proactive measures to timely manage the situation rapidly

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s revenues continues to grow according to its business plan. In 1Q19, the Thai

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 14 Executive Summary CPN’s revenues continues to grow primarily from strong shopping mall performance

With reference to the Board of Directors of Central Pattana Public Company Limited (8CPN9) in meeting No. 4/2017 held on 31 May 2017, the Board has passed the resolution to approve with the condition for

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

LIMITED CENTEL: CENTRAL PLAZA HOTEL PUBLIC COMPANY LIMITED CPN: CENTRAL PATTANA PUBLIC COMPANY LIMITED CRC: CENTRAL RETAIL CORPORATION PUBLIC COMPANY LIMITED CSP: CSP STEEL CENTER PUBLIC COMPANY LIMITED

Limited MINT: MINOR INTERNATIONAL PUBLIC COMPANY LIMITED MOONG: MOONG PATTANA INTERNATIONAL PUBLIC COMPANY LIMITED NAT: NAT ABSOLUTE TECHNOLOGIES PUBLIC COMPANY LIMITED NATION: NATION GROUP (THAILAND

Limited MINT: MINOR INTERNATIONAL PUBLIC COMPANY LIMITED MOONG: MOONG PATTANA INTERNATIONAL PUBLIC COMPANY LIMITED NATION: NATION GROUP (THAILAND) PUBLIC COMPANY LIMITED NCL: NCL INTERNATIONAL LOGISTICS

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 18 Executive Summary Revenue and profit continue to grow primarily from strong rental business performance

on Connected Transaction: Sub-leasing of Land, Leasing of Building and Purchasing of Related Property of the CentralFestival Phuket Project The Board of Directors of Central Pattana Public Company