S&P MD&A 2017-Revised Year In Comparison Table -1- Ref. POL. 028/2018 February 23, 2018 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock

weak Core EBITDA down 37% YoY Volume growth 2% year-on-year (YoY) 2 cracker in the USA has also been completed and commenced operations on Jan 31st 2020. 2019 Summary Financials Table 1: Core Financials

year. The major renovation at CentralWorld is progressing as planned. The major renovation at CentralWorld is progressing as planned. In 1Q18, CPN curbed its renovation work during January and February

by the end of 2019 as a new stopover landmark for both local and tourists. The major renovation at CentralWorld is progressing as planned and will gradually complete by 3Q18. Asset Enhancement

automated travellator, bringing forth a seamless transaction between luxury and leisure ambiences. The major renovation at CentralWorld is progressing as planned and will gradually commence full operation by

the amount of 36.2 million Baht or 9.6 percent. For other income amounted 14.2 million Baht compared previously year 10.9 million Baht. Table below shows the share of revenues in 2017 comprised of

) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE PERIOD OF 3Q 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials of Consolidated

(0) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE PERIOD OF 2Q 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials of

to disclose minimum information in accordance with Table 1 annexed to Notification RE “Acquisition or Disposal of Asset”; and to submit letter declaring minimum information in accordance with Table 2

division represented 7.3% and other income represented 38.6%. (See more details from Section (1) and Section (2)) Table 1: Shared comparison of revenues between year 2019 and 2018 Year Treatment of