investment in ONE CITY CENTER (“OCC”) – grade A office building development project for a total investment value of THB 8,771.4mn. Management outlook and future projects Despite the real estate market in

for Bangkok real estate business in 2019 and necessity to increase caution in business operation, the management maintain positive view over luxury condominium1 market, appraising from sales volume of

the 9-month period ended 30 September 2019 30 September 2018 Change Millions of THB % Millions of THB % Millions of THB % Revenue from sale of real estate 1,003.47 91.27% 1,501.95 96.98% (498.48) (33.19

% Millions of THB % Revenue from sale of real estate 1,279.32 89.51% 1,931.02 96.54% (651.70) (33.75%) Revenue from construction service 103.85 7.27% 14.96 0.75% 88.89 594.18% Other Revenue 46.11 3.23% 54.21

from prior year by Baht 6.3 million or 71% due following to: Description 2Q2019 Million Baht 2Q2018 Million Baht Change Million Baht Change (%) Revenue from real estate segment - - - - Revenue from E

decrease from prior year by Baht 6.3 million or 71% due following to: Description 2Q2019 Million Baht 2Q2018 Million Baht Change Million Baht Change (%) Revenue from real estate segment - - - - Revenue from

Registered Office: 475, 8th floor, Siripinyo Building, Sri Ayutthaya Road, Phayathai Road Sub-District, Ratchathewi District, Bangkok Type of business: Real Estate Development Registered capital: Baht

U City Public Company Limited (the "Company") No. 1/2561 held on February 14, 2018 has approved that VHE Bratislava Real Estate s.r.o. (“VBRE”) (the Company’s newly established subsidiary in which the

Limited 973 President Tower Building, Unit 7B, 7C, 7D, 7I, 7th Floor, Ploenchit Road, Lumpini, Pathumwan, Bangkok 10330| Tel No. 02 656 0189 As resulted from the cessation of the real estate rental and

Justification_E_4-62 NO. AC. 01/2020 28 February 2020 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M. K. Real Estate