-Translation- Ref. WINNER 006/2020 February 27, 2020 Subject: Management Discussion and Analysis (MD & A) for the year 2019 To: The President The Stock Exchange of Thailand 1. Analysis of Overall

- ร่าง - 1 Nov 7, 2017 Subject Management Discussion and Analysis for the period of three months and the period of 1st half ended 30th September 2017 To President of the Stock Exchange of Thailand

- ร่าง - 1 Feb 13, 2018 Subject Management Discussion and Analysis for the period of three months and the period of nine months ended 31st December 2017 To President of the Stock Exchange of Thailand

Microsoft Word - MDA Q1-2563_Eng_11 Aug 20 Aug 11, 2020 Subject Management Discussion and Analysis for the period of three months ended 30th June 2020 To President of the Stock Exchange of Thailand

-Translation- Ref. WINNER 006/2020 February 27, 2020 Subject: Management Discussion and Analysis (MD & A) for the year 2019 (Revised) To: The President The Stock Exchange of Thailand 1. Analysis of

consumer spending, industry continued to offer value- for- money mobile data to attract customers. Mobile ARPU continued to be pressured by unlimited data plan; albeit some initiated effort to raise price

significantly AIS Fibre continued its decent performance amidst a competitive environment with revenue of Bt2,437mn, increasing 27% YoY and 6.4% QoQ outperforming the industry average. Broadband subscribers rose

offering of warrant to purchase ordinary shares of the Company to existing shareholders and joint ventures in subsidiary. (Edited) To: The President The Stock Exchange of Thailand Enclosure 1. Capital

V2 14/05/62 0 V2 14/05/62 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the First Quarter of 2019 The Thai economy in the first quarter of 2019

., the subsidiary of the Company, and change in the accounting policy regarding the record of the land appraisal To: President The Stock Exchange of Thailand Attachment: Information Memorandum on the Asset