projects for the relocation of existing power plants, through 6 subsidiaries of B.Grimm Power as follows: (1) B.Grimm Power (Ratchaburi) 1 Limited (“BGPR1”) for the operation of 1 SPP project; (2) B.Grimm

(“the Group”) as follow: THB Mn THB Mn THB Mn % Sales of goods and services 1,214.9 1,115.7 99.2 8.9 Revenue from finance lease under power purchase agreement 99.2 100.9 (1.7) (1.7) Revenue from

-2021 6M-2020 6M-2021 Change THB Mn THB Mn THB Mn %QoQ %YoY THB Mn THB Mn %YoY Sales of goods and services 1,139.5 1,214.9 1,284.4 5.7% 12.7% 2,255.2 2,499.3 10.8% Revenue from finance lease under power

245.3 mm, decreasing 41.8%, which was mainly from international travel restriction from COVID-19 pandemic. As a result, the customers could not transfer the land; however, the potential customers still

12.3% Revenue from finance lease under power purchase agreement 103.2 101.6 104.9 3.2% 1.6% 306.9 305.7 (0.4%) Revenue from construction under a concession arrangement 215.0 - - - N.A.(

.  Utilities Business’s Operating Revenue was Baht 1,570.2 milion, a 19.2% increase YoY as planned reflected stable growth from both volume and price.  Share of Profit (Power Business) increased 101.2% YoY from

% Revenue from finance lease under power purchase agreement 102.9 102.8 103.2 0.4% 0.3% 308.4 306.9 (0.5%) Revenue from construction under a concession arrangement 21.2 398.1 215.0 (46.0%) 914.2% 89.7 744.4

Section 19 Securities and Exchange Act B.E. 2535 Section 19. The Office has the power and duty to perform any act necessary for the implementation of the SEC’s resolutions and to perform any other

% 4,586.4 5,315.9 729.5 15.9% Revenue from finance lease under power purchase agreement 99.2 101.6 104.9 105.3 0.4 0.4% 401.2 411.0 9.8 2.4% Revenue from construction under a concession arrangement

, please contact Investor Relations Section of the Electricity Generating Public Company Limited at Tel: 662-998-5145-8 or Email: ir@egco.com Page 2 Management Discussion and Analysis 1. Power Industry and