executed cost control in SG&A items partially offset by surging of electricity price YoY in network OPEX. Net profit reported at Bt13,937mn, growing 10% YoY driven by improved operating profit and a net

(excluding equipment rental) of 45.2% , up from 44.7% in FY17. With continued network investment, net profit was reported at Bt29,682mn, slightly declining 1.3% YoY. For FY19, AIS expects to grow mid- single

3Q17 and 47. 0% in 2Q18. With higher network depreciation, net profit was Bt6,800mn, decreasing 9.0% YoY and 15% QoQ. Normalizing the one-time expense (see general admin expense), EBITDA increased 2.1

the revenue from equipment rental while the cost of roaming is presented under network OPEX. The net financial impact before and after the agreements’ effective date does not materially change. 4. The

companies. Performance Highlights of 2020 1.) All key subsidiaries had a net profit for 2019 which consolidated the Jmart Group net profit of 533.8 million Baht 2.) Net Profit proportion for JMT Network

for TOT partnership. However, excluding TOT partnership, network OPEX would drop 4.1% YoY from cost efficiency programs. Net profit, however, declined 1.9% YoY to Bt30,077mn from continued network

.  Network OPEX & TOT partnership cost (net of revenue) was Bt18,642mn decreasing -2.3%YoY from saving on base rental from TOT partnership since Sep- 19 offset by increasing expense from 4G/5G expansion

increase profit of 510%. Excluding, the reversal of impairment loss of assets of Baht 486.70 million, the group incurred a net loss for the year ended 31 December 2019 of Baht 81.46 million. The Company

Management Discussion and Analysis, Q3/2019 Page1/4 JMT Network Services PLC Ref: IR6/012 13 November 2019 Subject: Management Discussion and Analysis, 3nd Quarter Ending 30 September 2019 To

Management Discussion and Analysis, Q1/2019 Page 1/4 JMT Network Services Public Company Limited - Translation - Ref: IR62/007 9 May 2019 Subject: Management Discussion and Analysis, 1st Quarter