abovementioned consolidation. Cost from Trans.Ad Group are naturally higher from computers, software and installation expenses than MACO’s core business in media. Selling, general and administrative expenses (“SG

, PBSB is now a subsidiary of MACO, and the consolidation of its financial performance has also begun in this quarter. INDONESIA – GENERATING PROFIT SINCE THE FIRST COMMERCIALISATION IN APRIL 2019

consolidation of Rabbit Group under the common control basis. 1Adjusted for share of investment in JV and associates before tax. 2As shown in financial statement, excluding minority interest. 3Net profit excluded

2017/18. The increase was mainly driven by encouraging growth in the Out-of-Home media sector as well as the consolidation of Trans.Ad Solutions Company Limited and Roctec Technology Limited

December 2019, compared to the same period of the previous year as follows Company performance For the period ended December 31, 2019 Million Baht Consolidation method The Company 2019 2018 Different 2019

profit at 3 million. By order of the operating results for the 1st quarter of 2019 and year 2018 are summarized below. Million Baht Consolidation method The Company Q1/2019 Q1/2018 Different Q1/2019 Q1

resulted from the consolidation of Trans.Ad Solutions Company Limited and Roctec Technology Limited, collectively called “Trans.Ad Group”, which was acquired in August 2018. Cost of sales increased by 318.9

profit at 38 million. By order of the operating results for the Second quarter of 2019 and year 2018 are summarized below. Million Baht Consolidation method The Company Q2/2019 Q2/2018 Different Q2/2019 Q2

creating brand awareness to an extensive reach. Over the last few years, the outdoor media segment has witnessed the consolidation into a few well-resourced media operators in order to increase

as expenses from setting Corporate shops / consolidation in the Flexiglass’ expense (the new acquisition in that recently acquire in the beginning of 2018) / Research and development cost in new