-Translation- NO. ED-MD2020-0004 February 24th, 2020 Subject: Clarification of changes in excess of 20% in the operating results for year ended 2017 To: Director and General Manager The Stock

assets to ensure their resilience to liquidity shocks. Factors Affecting Banking Industry Performance Thai commercial banks may encounter challenges from rapid changes in government policies and in the

strong across-the-board growth. The business sector remained challenged by new modes of competition amid the advancing digital age and the rapid pace of technological advancement, together with the

Kerry in excess of THB 125,000,000 in aggregate within a period of 6 calendar months. (b) Incurring any indebtedness or other liability of Kerry (including obtaining loans from a third party or

(Auto 11 Lines) Fax: +66(0)2-192-3744 Page 1 of 1 -Translation- No. ED-MD18-009 10th May 2018 Subject : Clarification of changes in excess of 20% in the operating results for year Q1/2018 To : Director

, www.eurekadesign.co.th Tel: +66(0)2-192-3737 (Auto 11 Lines) Fax: +66(0)2-192-3744 Page 1 of 1 -Translation- No. ED-MD17-026 10 th August 2017 Subject : Clarification of changes in excess of 20% in the operating results

(Auto 11 Lines) Fax: +66(0)2-192-3744 Page 1 of 1 -Translation- No. ED-MD17-033 13 th November 2017 Subject: Clarification of changes in excess of 20% in the operating results for Q3/2017 To : Director

(Auto 11 Lines) Fax: +66(0)2-192-3744 Page 1 of 1 -Translation- No. ED-MD18-004 26th February 2018 Subject : Clarification of changes in excess of 20% in the operating results for year ended 2017 To

(Auto 11 Lines) Fax: +66(0)2-192-3744 Page 1 of 1 -Translation- No. ED-MD19-007 14th May 2019 Subject : Clarification of changes in excess of 20% in the operating results for year Q1/2019 To : Director

(Auto 11 Lines) Fax: +66(0)2-192-3744 Page 1 of 1 -Translation- No. ED-MD19-015 9th August 2019 Subject : Clarification of changes in excess of 20% in the operating results for year Q2/2019 To : Director