3Q17, sales progress reached 91%. The project was due to complete in 3Q19. Management Discussion and Analysis 3Q17 & 9M17 Consolidated Financial Results Page 2 of 6 • In February 2017, the Company

, and the due diligence based on its accounting and financial information. Weighted Average Cost of Capital : 12.25% (WACC) The preliminary assumptions used in the valuation based on the Precedent

2017 at 7.2% due to the increased in external demand of electronic goods and also the increased in global commodity prices 2) Tourism sector continued to be positive with tourists arrivals during the

at 7.8% due to the increased in external demand of electronic goods and also the increased in global commodity prices 2) Tourism sector continued to be positive with tourists arrivals during the first

negatively impact export and investment 3) Less surplus of Thailand’s current account due to rising oil price from geopolitical risk especially in the Middle East and 4) Normalizing of interest rates

current account due to rising oil price from geopolitical risk especially in the Middle East and 4) Normalizing of interest rates, reflected from the Bank of Thailand (BOT) signal in considering the

which the transaction size as basis no.2, the calculation based on total value of consideration paid or received according to the Notification of the Capital Market Supervisory Board No. Tor.Jor. 20/2551

and accepted between the buyer and the seller. After purchasing shares, PAF will become a subsidiary of the company or holds share 99.50% of PAF’s registered capital, with the following details : 1

Bangkok, September 27, 2012 ? The Thai capital market holds the third place, following Singapore and Hong Kong, in CG Watch 2012 ? a survey on corporate governance of Asian capital markets conducted

times, respectively, due to the increase of debentures that was used as working capital. - Translation - JKN GLOBAL MEDIA PUBLIC COMPANY LIMITED Management Discussion and Analysis of the Company’s