(Translation) UAC.CS/016/2019 November 7, 2019 Subject: Explanation of the operating results for the third quarter period ended September 30, 2019 To: President The Stock Exchange of Thailand

procedures for consideration of granting an approval as stipulated by the Notification of the SEC Office. Division 2 Period of Approval and Renewal Clause 16 The approval of personnel in the capital market

% comparing to the same period of the previous year, the net profit for the second quarter and the six-month periods of 2019 were 3.78 million Baht and 6.43 million Baht, decreased from the same period of the

than 20% comparing to the same period of the previous year, the net profit for the second quarter and the six-month periods of 2019 were 6.43 million Baht and 3.78 million Baht, decreased from the same

third quarter ended 30th September 2018, Laguna Resorts & Hotels Public Company Limited suffered a net loss of Baht 58 million as compared to a Baht 24 million loss for the same period last year. The

company accounts for GHG emissions from operations according to its share of equity in the operation. The equity share reflects the economic interest, which is the extent of rights a company has to the

the extent affecting YTD 2019). Total Revenue In 2Q2019, Total Revenue was Baht 475.1 million, a 12.2% increase from Baht 423.5 million in 2Q2018. Utilities Business Revenue was Baht 473.6 million, a

attributable to Owners of the Parent excluded Foreign Exchange Gain/Loss from 2Q19 onwards (also retroactive to 1Q19 to the extent affecting YTD 2019). Total Revenue In 3Q2019, Total Revenue was Baht 452.8

Company Limited would like to clarify the operating results of the year ended December 31, 2018 that has net Profit of Baht 94.00 million, decreased from the same period of previous year that has net profit

(the “Company”) would like to clarify in operating performance for the 3rd quarter (three months period) ended September 30, 2017. The Company’s net profit was Baht 102.33 Million which increased Baht