those by The Board of Directors - None - Please kindly be acknowledged accordingly. Thai Wacoal Public Company Limited Boondee Amnuayskul Onanong Saengpumpong (Mr. Boondee Amnuayskul Mrs. Onanong

Director significantly different from those by The Board of Directors - None - Please kindly be acknowledged accordingly. Thai Wacoal Public Company Limited Boondee Amnuayskul Onanong Saengpumpong (Mr

Director 8. Mrs. Onanong Saengpumpong Director 9. Mr. Kazuhiro Shibahara Director 10. Mr. Mitsuru Sekiguchi Director 11. Dr. Kulpatra Sirodom Independent Director 12. Mrs. Punnee Worawuthichongsathit

The opinions of the Independent Financial Advisor on the connected transaction (For the purpose of translation only) 0 The opinions of the Independent Financial Advisor on the connected transaction by Thai Wacoal Public Company Limited Presented to Shareholders of Thai Wacoal Public Company Limited Prepared by 8 March 2019 This English report of the Independent Financial Advisor’s Opinions has been prepared solely for the convenience of foreign shareholders of Thai Wacoal Public Company Limited...