Management Name : Mr GRITT MADISARA | Type of securities : Common share | Methods of Acquisition / Disposition : Buy | Transaction Date : 12/01/2018

Management Name : Mr GRITT MADISARA | Type of securities : Common share | Methods of Acquisition / Disposition : Buy | Transaction Date : 19/01/2018

that were traded for example includes crude oil, naphtha, fuel oil, and gasoline products. Performance comparison between Q1/2019 and Q4/2018, refinery business group EBITDA increased by THB 1,936

3,064 -16% Sales volume in each product category (Million Liters) LPG 30 39 -22% 36 -16% 69 70 -2% Gasoline 9 15 -40% 7 29% 23 15 58% Gasohol 345 395 -13% 428 -19% 740 841 -12% Jet Fuel 7 216 -97% 242 -97

reduced Market GRM, following the decline in refinery production volume due to the TAM, as well as a decrease in average Gasoline/Dubai crack spread and Fuel oil/Dubai crack spread, and the rise in crude

the region’s domestic refineries are still closed for turnaround maintenance as to prepare for the production of clean fuel in 2020. Gasoline and Dubai crack spread (UNL95/DB) in 2019 averaged at 9.07

refineries reducing their production of Gasoline produced from the Fluid Catalytic Cracking unit in order to repurpose intermediates towards the production of Low Sulphur Fuel Oil. The said oil is meant to

to consumers with needs for high quality diesel fuel. The company was able to increase its market share and maintain 2nd position in the market consistently. Total marketing margin was at 0.83 THB

China. Gasoline-Dubai crack spread (UNL95/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and Gasoline-Dubai crack spread (GO/DB) were especially affected. This turn of events have led the refinery

replace its catalyst from mid-July to mid-August. The unit has currently resumed operation and operates at full capacity. Despite the higher Fuel Oil yield portion during this quarter, the refinery