Discussion and Analysis of Financial Condition and Results of Operations for the year 2556 1 Translation UWC 023/2562 August 16, 2019 Subject : Management Discussion and Analysis for quarter 2-2019

the company starting in the next financial year. In addition, The company also partially books the increase in provision of employee benefit in accordance the new Labor Protection Act within the cost of

law on concerning agricultural futures trading; (18) international financial institution; (19) Deposit Protection Agency; (20) Stock Exchange of Thailand; (21) juristic person in the category of

; (17) derivatives business operator under the Law on Agricultural Futures Trading; (18) international financial institution; (19) Deposit Protection Agency; (20) Stock Exchange of Thailand; (21) juristic

business operator under the Law on Derivatives; (17) derivatives business operator under the Law on Agricultural Futures Trading; (18) international financial institution; (19) Deposit Protection Agency; (20

according to accounting standard and employee expense from legal severance pay rates for retirement according to the draft of a new Labour Protection Act. Financial cost amounted to Baht 1,857 Million

and Employee benefit according to the amendment of Labour Protection Act. Financial Costs (interest expenses) The financial costs increased by 200.0% from the six months ended June 30, 2018 to THB 205.5

% Contributions to the Deposit Protection Agency and Financial Institutions Development Fund 2,498 2,440 2,415 2.4% 3.4% 4,939 4,746 4.1% Debt issued and borrowings 1,279 1,327 1,663 (3.6)% (23.1)% 2,606 3,345

market items 310 307 235 1.0% 31.9% 1,115 1,104 1.0% Contributions to the Deposit Protection Agency and Financial Institutions Development Fund 2,429 2,442 2,277 (0.5)% 6.7% 9,617 9,127 5.4% Debt issued

15,981 1.8% Interbank and money market items 593 676 307 (12.3)% 93.2% 1,673 805 107.8% Contributions to the Deposit Protection Agency and Financial Institutions Development Fund 2,479 2,498 2,442 (0.8