Page 1 of 6 Performance Overview In 3Q17 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a total revenue growth of 82% YoY, mainly from higher contribution from

operating revenue breakdown by business segment (Unit: Million Baht) 2019 2018 Change Change (%) Sales of real estate 9,291 14,599 (5,308) (36) Revenue from hotel business 1,052 904 148 16 Revenue from rental

revenue breakdown by business segment First quarter (Unit: Million Baht) 2020 2019 Change Change (%) Revenue from sales of real estate 1,626 3,053 (1,427) (47) Revenue from hotel operations 187 290 (103

conditions of such declined transaction shall be specified; 2.5 Procurement of benefit from real estate: (1) describe characteristics of procurement of benefit from real estate e.g. revenue structure, lease

, THB  366.4mn was revenue from real estate transfer. • Gross profit from real estate business in 1Q/2020 equals THB 43.0mn, having GPM of 11.7%. • Total assets as of 31 March 2020 equals THB 12,301.3mn

revenue of THB 1,514.0mn, an increase of THB 1,061.8mn or 234.8% YoY of which, THB 1,355.4mn, or 89.5% of the total revenue was from the units transfers of 8 real estate projects. Total revenue for the full

Page 1 of 7 Management Discussion and Analysis 2018 Executive Summary The operating result of 2018, Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reached total revenue of

(De)crease % 30th Sep 2019 30th Sep 2018 30th Sep 2019 30th Sep 2018 million baht % million baht % million baht % million baht % Revenue from sale of real estate 159.28 92.10 901.89 99.13 159.28 90.49

) % 30th June 2020 30th June 2019 30th June 2020 30th June 2019 million baht % million baht % million baht % million baht % Revenue from sale of real estate 127.97 80.28 246.79 97.43 57.98 55.65 246.79 94.26

2019 30th June 2018 30th June 2019 30th June 2018 million baht % million baht % million baht % million baht % Revenue from sale of real estate 246.79 97.43 993.98 99.54 246.79 94.26 993.98 99.19 (747.19