DW Markets o Developments Growing significance of DWs in Thailand DW Trading Value (Mil. THB) YoY growth (%) % of total market 2013 244,961.21 2.08% 2014 204,556.74 -16.49% 2.01% 2015 332,137.90 62.37

1 2Q18 MD&A Advanced Info Service Plc. Executive Summary AIS continued to deliver revenue growth in all segments. In 2Q18, core service revenue, which excluded IC and equipment rental, was Bt33,464mn

subscriber growth of 10-12%YoY. However, competition was intense throughout the year as operators continued to offer discount and low-price plan causing ARPU to drop to Bt476 from Bt533 in 4Q19. 3 FY20 MD&A

, at a par value of Baht 10 per share, at a selling price of approximately Baht 33.33 per share, equivalent to the total value of Baht 510,000,000, (the “Investment in Ordinary Shares of S-TREK”) which

1 1Q18 MD&A Advanced Info Service Plc. Executive Summary Expand into potential growth areas of enterprise and mobile money AIS has executed two strategic deals totaling Bt4.2bn of cash transactions

production capacity of Phase 1 and 2 was expanded, which led to solid revenue growth and profitability. We experienced a number of challenging factors that occurred at the same time, such as production of new

bottle was 23.3 MB, an decrease by 12.5 MB or 35% y-o-y mainly due to affect from increase in raw material cost of PET, including to selling price adjustment and its adjustment has difficulty; while this

MB, an decrease by 21.9 MB or 32.8% y-o-y mainly due to affect from increase in raw material cost of PET, including to selling price adjustment and its adjustment has difficulty; while this business

added 53,300 subscribers amidst competitive market, delivering revenue growth of 26% YoY and 2.1% QoQ. The focus of AIS Fibre remained on quality customer acquisition and service as we continue to scale

Million, increased by Baht 3.2 Million or 0.4% from the same period of the previous year of which Baht 719.6 Million was revenue from sales. The Company had successfully recorded a sales growth of Baht 28.6