), sufficiency of the sources of funds if the funds received through the offering of shares do not cover the total required budget for the operation of the projects (if any) After the Company has studied the

competitive advantages at the post-transaction in the future and doesn’t have the burden of finding the other sources of capital or loans. Furthermore, the swap ratio is in the range of share swap rate

increase, plan to utilize the proceeds derived from the offering for sale, and projects to be operated, including the sufficiency of the sources of funds The Board of Director was of the opinion that the

to be operated, including sufficiency of the sources of funds The issuance and offering of such newly-issued ordinary shares is reasonable because the Company plans to repay the loan that the Company

capital increase, plan to utilize the proceeds, and projects to be operated, including sufficiency of the sources of funds The issuance and offering of such newly-issued ordinary shares is reasonable

remaining proceeds will be used for Company’s working capital. (3) Reasonableness of the capital increase, plan to utilize the proceeds, and projects to be operated, including sufficiency of the sources of

advice or prediction of investment performance. This information is deemed to be from reliable sources; however, Brookfield does not warrant its completeness or accuracy. This commentary is not intended to

oppose to Dubai. Another contributing factor is the emergency shutdown of crude production sources in Libya due to unrest during the quarter; Libya being a producer of Light Crude Oil. Management

obtained from reliable sources to support a high quality credit rating. 1.4 A CRA should avoid issuing credit ratings for entities or obligations for which it does not have appropriate information, knowledge

per share. IMPORTANT DISCLAIMER The information contained in this document has been obtained from several sources, and Bangkok Commercial Asset Management Public Company Limited (“BAM”) cannot confirm