purchase of shares of the Business is made based on the Tender Offeror’s intention to expand its power business both in Thailand and overseas. 5 Type(s) and Series of the Offered Securities As at the date of

Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 20 22 24 26 Executive Statement Summary of Income Business Performance 08 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products

Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 21 24 26 28 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products

รถและสถานีเติมเชื้อเพลิงฟอสซิล จะถือว่าไม่สอดคล้องกับวัตถุประสงค์ของการลดการปล่อยก๊าซเรือนกระจก 501 (รหัสย่อยทั้งหมด) การขนส่ง 4.2.6 การขนส่งทางทะเลและแนวชายฝั่งทะเล (Sea and coastal water transport

first five months of 2017 totaling 14.3 million, a 2.7% growth 3) Agricultural sector also improved from the increased in global agricultural prices and sufficient water level led to favorable farming

six months of 2017 totaling 17.3 million, a 4.4% growth 3) Agricultural sector also improved from the increased in global agricultural prices and sufficient water level led to favorable farming

2017 Bangchak Corporation Plc. Table of Contents 6 8 08 8 Refinery Business 12 Marketing Business 13 Green Power Business 15 Bio-Based Products Business 18 Exploration & Production Business 21 25 23

2017 Bangchak Corporation Plc. Table of Contents 7 9 09 8 Refinery Business 13 Marketing Business 14 Green Power Business 16 Bio-Based Products Business 18 Exploration & Production Business 22 26 24

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural

Bank Global Capital Markets Practice, as part of the Reports on Observance of Standards and Codes Program. The report is based in part on a template/questionnaire completed by the law firm Weerawong