PROSPECTUS CHANEL CERES PLC (incorporated with limited liability in England and Wales) EUR300,000,000 Sustainability-Linked Guaranteed Notes due 2026 unconditionally and irrevocably guaranteed by Chanel Limited Issue price: 99.726 per cent. and EUR300,000,000 Sustainability-Linked Guaranteed Notes due 2031 unconditionally and irrevocably guaranteed by Chanel Limited Issue price: 99.400 per cent. The EUR300,000,000 Sustainability-Linked Guaranteed Notes due 2026 (the "2026 Notes") and the EUR300,...

3,044 4% Total Marketing Margin (Baht / Litre) 0.87 0.84 0.83 -5% -1% 0.90 0.83 -8% EBITDA (Million Baht) 882 856 669 -24% -22% 1,923 1,525 -21% Note: Marketing Margin figure was the attributable to the

% -6% 4,297 4,461 4% Total Marketing Margin (Baht / Litre) 0.80 0.83 0.73 -9% -11% 0.87 0.80 -8% EBITDA (Million Baht) 607 669 474 -22% -29% 2,531 1,999 -21% Note: Marketing Margin figure was the

Profit In 2019, the Company reported a net profit of THB 11,621 mn, an increase of 7.4% YoY (for 4Q19, the figure stood at THB 3,468 mn, an increase of 41.8% YoY mainly from profits generated from a

capital increase used in the flexible packaging business Phase 2 will enable the Company to expand its business with a high margin and if it is to achieve the objective, it will be profitable for the

will enable the Company to expand its business with a high margin and if it is to achieve the objective, it will be profitable for the Company. 7. Benefits which the shareholders will receive from the

39.44 percent in the previous quarter. The figure was better than the set target. When compared to the same quarter of the previous year, other operating expenses slightly increased by Baht 204 million

than the figure of 1.26 percent at year-end 2016. Meanwhile, deposits grew at a higher rate of 4.91 percent, compared to 3.78 percent at the end of the second quarter of 2017 and 1.46 percent at the end

Baht) (3) 474 302 N/A -36% 2,527 2,301 -9% Note: Marketing Margin figure was the attributable to the Company only. 2017 performance of the Marketing Business Group recorded EBITDA of THB 2,301 million

; leading to decreased demand for oil. Thus, the International Monetary Fund (IMF) has lowered their estimated figure for global economic growth, the new estimate postulates that the global economy will grow