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

to the Board of Directors of Central Pattana Public Company Limited (“the Company”) in meeting No. 10/2019 held on 7 November 2019, the Board authorized the Audit Committee to consider the Renewal of