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

: Morningstar Fund Rating Investors can study liquidity risk management tools in the prospectus. Prospectus: www……………com According to AIMC standards According to AIMC standards Column graph image Class Code

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Column graph image According to AIMC standards Class Code Subscription of Units Redemption of Units Statistical Data Subscription Date: Redemption Date: Maximum Drawdown Business Hours: Business Hours

tools in the prospectus. Prospectus: www……………com According to AIMC standards Column graph image According to AIMC standards Class Code Subscription of Units Redemption of Units Statistical Data

) 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

by 275.91% to Baht 221.90 million as compared to 2017 net profit in the amount of Baht 59.03 million. The aforementioned changes in the financial performance are summarized as seen in the below table

by 23.8% to Baht 59.03 million as compared to 2016 net profit in the amount of Baht 77.47 million. The aforementioned changes in the financial performance are summarized as seen in the below table

(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

summarized in the below table. Revenue from Sales In 3Q18, the Company’s revenue from sales was at Baht 301.01 million which increased by Baht 76.43 million or 34.03% when compared with the same period in 2017