investment in Thanh Cong Securities Joint Stock Company.  The Company recognized share of loss from associates of Baht 11.77 million, improving by Baht 38.06 million from last year. The share of loss from

investment in joint venture and income tax 12.38 19.89 9.38 17.21 (7.83) (45.50) Share of loss from investment in joint venture 0.00 (1.00) 0.00 0.00 0.00 N/A Profit before income tax 12.38 18.89 9.38 17.21

in 2018 mainly from the increase of provision expenses and employee expenses - Share of gain from investments in joint ventures in 2019 amounted 171.99 million baht compared to 511.93 million baht in

Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 2 of 10 The Joint Venture for the Development of Theme Park Project in CentralPhuket On 31 May 2017, the Board has passed the

expenses. - Share of loss from investments in joint ventures in Q2/2017 amounted 4.53 million baht decreased by 6.92 million baht or 60.44% compared to 11.45 million baht in Q2/2016 baht mainly from joint

57.70 -54.12 -206.61 63.42 28.86 119.75 Share of loss of associates and joint ventures -12.52 - - - - - Financial cost -53.82 -34.79 54.70 -71.89 -36.87 94.98 Income taxed expense -15.30 3.16 -584.18 2.08

20.91 EBIT 57.70 -54.12 -206.61 63.42 28.86 119.75 Share of loss of associates and joint ventures -12.52 - - - - - Financial cost -53.82 -34.79 54.70 -71.89 -36.87 94.98 Income taxed expense -15.30 3.16

) (2.65) 0.21 7.87 Administrative Expenses (3.55) (3.55) (3.04) 0.51 16.68 Total Expenses (36.89) (36.31) (30.19) 6.12 20.28 Profit before share profit from investment in joint venture, financial costs and

1 (Translation) AT JSP/61/02/02 February 6, 2018 Subject The disposal of investment of joint venture To The President The Stock Exchange of Thailand The Board of Director’s Meeting No.1/2018 of J.S.P

เขตปทุมวัน กรงุเทพฯ 10330 โทร 02 118 9599 โทรสาร 02 118 9598 ทะเบียนเลขที่ 0107554000232 No. PACE-L 5/2019 Date 13 March 2019 Subject: Disposal of shares in the joint venture of the subsidiary Attention