Microsoft Word - S_2019_GRC-02_025_S43 Share Acquisition_EN Page 1 – Translation – GRC-02/2019/025 11 December 2019 Subject: Report of the Asset Acquisition To: President The Stock Exchange of

of utility services in Q1/2018 compared with those in the same period of 2017, (while utility service income is stable), are attributable to the road and water system repairing cost. ▪ An increasing

, increased by Baht 130 million or 14% from Q1/18. The increase is mainly due to the rise in Availability Payment (AP) of Sriracha Power Plant and the increase in electricity sales of Rayong Central Utility

recognize share of profits from Nava Nakorn Electricity Generating Company Limited (NNEG). Operating highlight in Q4/2017 and 2017 Q4/16 Q3/17 Q4/17 Change +/(-) 2016 2017 Change +/(-) (THB million) QoQ YoY

utility services from Baht 27.06 million in Q1/2018 to Baht 19.31 million in Q1/2019, while utility service income increases slightly, is attributable to road and water system maintenance and repairing cost

million or 470%. • Rayong Central Utility Plants: Total revenue in Q1/2018 was Baht 3,392, decreased by Baht 98 million or 3% from the maintenance schedule lowering the electricity volume exported to EGAT

Central Utility Plants (CUP1-3) was at Baht 847 million, decreased by Baht 137 million or 14% from Q2/2018 due to the lower in electricity and steam sales due to the maintenance of the gas turbine and

Energy Power Plants have the maintenance shutdown as planned. However, gross profit of Rayong Central Utility Plants (CUP) increased by Baht 64 million from the amount of electricity sales volume to

million land-sale revenue in Q2/2017 from about 11 rai of land title deed transfer while it had no revenue from selling of land in Q2/2016. ▪ A decreasing cost of utility services in Q2/2017 comparing to

natural gas and coal price and higher electricity and steam demands of industrial customers of Rayong Central Utility Plant (CUP) despite lower electricity and steam demands of industrial customers of GLOW