prepared solely for reference for non-Thai shareholders of the Company. It should neither be relied upon as the definitive nor the official document of the Company. The Thai version is the official document

Director 1 Disclaimer: The English translation of this document is prepared solely for reference for non-Thai shareholders of the Company. It should neither be relied upon as the definitive nor the official

for non-Thai shareholders of the Company. It should neither be relied upon as the definitive nor the official document of the Company. The Thai version is the official document and shall prevail in all

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4/2017 and FY2017 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q4/2017 and FY2017 Executive Summary Executive Summary 1 For 2017, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 3,175 million, increased by Baht 475 million or 18% from 2016. The increase is mainly due to the r...

UNOFFICIAL TRANSLATION Codified up to No. 10 As of 24 October 2018 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference

. Nothing contained herein or therein is, or shall be relied upon as, a promise or representation, whether as to the past or the future and no reliance, in whole or in part, should be placed on the fairness

with due care to protect and preserve the Company’s benefits on the matter relevant to this capital increase. However, should such performance of duties causes damage to the Company, shareholders may sue

and preserve the Company’s benefits on the matter relevant to this capital increase. However, should such performance of duties causes damage to the Company, shareholders may sue to claim damages from

relied upon as, a promise or representation, whether as to the past or the future and no reliance, in whole or in part, should be placed on the fairness, accuracy, completeness or correctness of the

relied upon as, a promise or representation, whether as to the past or the future and no reliance, in whole or in part, should be placed on the fairness, accuracy, completeness or correctness of the