[COMPANY NAME] Ref.: EFORL IR008/2019 March 7, 2019 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2018 To President The Stock Exchange of Thailand 1. Overview financial

machines in the existing hemodialysis unit within the Statement of Financial Position – Consolidated (Million Baht) As at Increase (Decrease) % March 31, 2019 December 31, 2018 Assets 980.31 954.82 25.49

equivalent to 9.38% of business operation based on financial statement as of March 31, 2019, which is not considered as acquisition. However, according to the Board of Directors „s resolution 3/2018 on 18

, respectively. FPT has drawn down the loan amounting to Bt4,779.3 million - Long-term loans from BBL was of Bt11.1 million for use in Energy conservation projects. The loan will be due in March 2023 which was

Million. o Dividend payment of 2018 (April – December) to shareholders whose names appear in the shareholder register as of March 13, 2019 for 280 Million shares at 0.10 Baht per share. Totaling of Baht

pending amount are to be recognized as planned. 1. As of 31 March 2019, Details and progress of the Company’s residential projects are as follows: Project Operated By Project Value (MB) Total Units Sales

acquisition loan of 38mTHB in March was completed. Short-term working capital increased versus H1 2018 as funding for investment in working capital, predominately fuel, which has peaked and will impact

– Consolidated (Million Baht) As at Increase (Decrease) % March 31, 2018 December 31, 2017 Assets 835.17 787.13 48.04 6.10% Liabilities 177.77 123.43 54.34 44.02% Shareholders' equity 657.40 663.70 (6.30) (0.95

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2018 1 Significant events 1. On March 30, 2018, Bangkok

the company use the money from IPO paid to clear bank borrowing in March of 2017. Until now, the company had lower financial cost. 4 / 7 Apart from the financial cost for the ordinary business units