total paid-up shares of ES at 480 Baht per share, totaling 181,440,000 Baht. The purchase of IGE's existing ordinary shares will be occur only after, 2.1 The Company has been approved by the shareholders

. The Company shall be able to calculate the price and ratio of exercise of rights on first day that the ordinary share purchaser shall not be entitled to subscribe the newly issued ordinary shares; in

rights, it shall be calculated from “the market price of Company’s ordinary shares” which is equivalent to “the weighted average market price per share of the Company’s ordinary shares” which means the

order to of Shareholde the existing r share by issui f Baht 1.00 p be in accorda 19 and the De 019 in order d Ordinary Sh pany”) held th ng had cons ers No. 2/2019 registered cap the Company share and ap

0.24 Baht per share which will be paid on 18 May 2018. EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2018 3 5. Raw Water Business Raw

5 September 2018, and dividend for the second half operating results (July – December 2018) at 0.27 Baht per share which will be paid on 17 May 2019. EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT

operations of 2017 at the rate of Baht 1.10 per share. Including the interim dividend for the first-half-year operations of 2017 at the rate of Baht 1.05 per share, the total 2017 dividend will be Baht 2.15

6 Offer Price Original The Offer Price is THB 91.9906 (Ninety-one point nine nine zero six Baht) per share (the “Offer Price”), which will be reduced by an amount of dividend to be received by the

2.55 baht per share, which will be paid after being approved from AGM on June 24, 2020. The Company already paid the interim dividend of 2.45 baht per share on November 4, 2019. The total dividend for

dividend was paid on September 21, 2018 at the rate of Baht 2.00 per share with the remaining Baht 3.00 per share to be paid on May 21, 2019. The record date of dividend payout will be on May 2, 2019