Management Discussion and Analysis For the first quarter ended March 31, 2020 Kiatnakin Bank Public Company Limited Investor Relations Email: investor_relations@kiatnakin.co.th Tel. +66-2495-1366

2,647.55 million. This year, the Company recognized sale not only from its low-rise housing projects but also from the Park Court condominium units. The company had number of bookings which would be able to

คำอธิบายและการวิเคราะห์ฐานะการเงินและผลการดำเนินงาน * Note Please find further information in the consolidated financial statements. 1 February 21st, 2020 Subject: Management Discussion & Analysis

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending June 30, 2019 The Thai economy faced increased headwinds in the second quarter

sale/purchase   (     ) Other (please specify)   3. Date of filing this report to the SEC 02/10/2019 90-day period (the first day being the date of action under item 2 which give rise to this reporting

which give rise to this reporting obligation)     Baht/Unit, on the date of:   5. Information about the reporting person name Mr. Wangyoup Jhee   6. Person authorised to contact with the SEC (if any) Mr

via Zcom Securities   3. Date of filing this report to the SEC 12/12/2019 90-day period (the first day being the date of action under item 2 which give rise to this reporting obligation) 1.04 Baht/Unit

  (     ) Other (please specify)   3. Date of filing this report to the SEC 19/12/2019 90-day period (the first day being the date of action under item 2 which give rise to this reporting obligation)     Baht/Unit

rise to this reporting obligation)     Baht/Unit, on the date of:   5. Information about the reporting person name GIC PRIVATE LIMITED   6. Person authorised to contact with the SEC (if any) Celine Loh

  (     ) Other (please specify)   3. Date of filing this report to the SEC 26/02/2020 90-day period (the first day being the date of action under item 2 which give rise to this reporting obligation)     Baht/Unit