within 2020), with the Bank’s capital position expected to remain robust post acquisition 6. Key Conditions Precedent Completion of the Transaction is subject to a number of customary conditions precedent

40.32 percent, which was better than the target. Meanwhile, our robust capital position was sufficient to cushion against risk, and greater than the Bank of Thailand’s requirement. As evidenced, the

and strengthening domestic demand, growth in the ASEAN-5 (Indonesia, Malaysia, the Philippines, Thailand, and Singapore) economies is projected to remain robust at around 5% for the fourth quarter of

2018 expanded continuously on the back of robust exports and tourism, which is supported by stronger global economic conditions. Exports and tourist arrivals rose by 9.9 percent and 15.4 percent, from

quarter revenue addition from TTTBB acquisition. FBB illustrated significant growth from TTTBB contribution and quality customer growth Fixed broadband revenue reached Bt7,118mn, demonstrated a robust

(“MACO”) will be completed in 3Q 2018/19. This restructuring enables VGI to focus on building the most robust offline-to-online or online-to-offline (“O2O”) ecosystem in Thailand and designates MACO as the

Completion of the Transaction The completion of the Transaction is conditional upon the fulfilment or waiver of various conditions and requirements, including the following: 1. The acquisition approval from

maximize market opportunities in 2018.” 2. Outlook General economic conditions are favorable: there is growing expectation that Q4 2017 GDP growth in Thailand will have accelerated to 4.5% y/y (versus 4.3

from 3.3 percent in 2016 on the back of rising exports and a robust tourism sector, consistent with a stronger recovery in global demand. Headline inflation rose to 0.7 percent, following higher energy

market segments such as sugar and steel, which both saw a particularly strong 2018, we expect a continuation of current conditions. The landscape will however remain competitive, with new players entering