related Page 4 agreements specified in Clause 2. above within the fourth quarter of the year 2019 with the initial project investment of Baht 1,456.31 million in aggregation. 3.2) Calculation of transaction

calculation of the transaction size based on the rules under the Notifications on Acquisition or Disposal of Assets, the highest value thereof based on the total value of consideration in comparison with the

value of consideration basis and having the highest transaction value of assets disposal of 34.571 percent according to the value of consideration basis, the calculation is based on the Company's reviewed

reasonableness of the transactions and the fairness of the price and conditions of the transactions to present to the shareholders of the Company for consideration. Details of calculation in connected transaction

Acquisition or Disposal of Assets”). The highest transaction value equals 0.37 percent based on the value of consideration basis. The highest transaction value is derived from this method of calculation

2,176,226,055.70 1,062,318,346.76 1,367,270,011.49 6. Calculation of Transaction Size According to Calculation by Investment Proportion The objective is to assess the impact of the transaction on the financial

transaction size calculation are tabulated below: Calculation Basis Formula Total (%) 1. NTA Holding portion x NTA of A x 100 NTA of Listed Company N/A 2. Net profit Increase holding portion x Net profit of A x

October 2004 (as amended) where the calculation of transaction size will be based on (1) the consolidated financial statements of the Company ended 30 September 2018 which were reviewed by the Auditor and

time (page 14-16) reflects the new calculation methodology and we believe this is as per globally & widely accepted practice. Underlying EBITDA will reflect the true performance of the businesses in a

transaction and such transaction should be fair to the client under that particular situation. (3) Proxy voting (4) The calculation of the asset value of the fund should be carried out in accordance with the