information contained or incorporated in this Prospectus or any other information provided by the Issuer or the Guarantor in connection with the offering of the Notes. No Manager accepts any liability in

gain/(loss) 3.11 (0.35) -111.25% Other income 5.47 2.36 -56.86% Earnings before interest and taxes 86.99 64.97 -25.31% Financial expense (0.76) (2.30) 202.63% Profit before income tax expense 86.23 62.67

1Q18, an increase of 40.1% yoy due mainly from improved hotel business performance and gain from the sale of other long-term investment. Higher employee benefit provision was provided for Dusit Thani

6.1% 279.4 7.2% Gross Profit 68.0 56.6 20.1% 63.3 7.4% Profit (Loss) from the operation 3.3 (26.0) 112.7% (26.4) 112.5% Gain (Loss) from temporary investment (6.3) (21.7) 71.0% 1.5 (520%) Profit (Loss

exchange gain/(loss) (0.35) 0.32 -191.43% Other income 2.36 3.11 31.78% Earnings before interest and taxes 64.97 237.44 265.46% Financial expense (2.30) (2.31) 0.43% Profit before income tax expense 62.67

period last year. The company’s profit from continuing operations was THB 11,105 million, increased byTHB 3,571 million from the same period last year, and the profit margin for the year ended December 31

agreement 99.2 102.3 3.1 3.1% Cost of sales and services (874.7) (1,149.4) 274.7 31.4% Gross profit 439.4 471.6 32.2 7.3% Net gain (loss) on exchange rate 55.1 (4.6) (59.7) N.A.(

288.6 285.0 1.3% 299.5 (3.6%) Gross Profit 68.6 58.4 17.5% 68.0 0.9% Profit (Loss) from the operation 8.5 (40.8) 120.8% 3.3 157.6% Gain (Loss) from temporary investment (7.0) (10.4) 32.7% (6.3) (11.1

Gross profit 47.04 31.23 34.05 2.82 9.03 -12.99 -27.62 Profit (Loss) from exchange rate -0.21 0.54 3.24 2.70 500.00 3.45 -1,614.02 Other Income 1.46 2.1 2.02 -0.08 -3.81 0.56 38.36 Gain from bargain

37.92% Selling expenses (19.40) (16.52) -14.85% Administrative expenses (34.27) (29.39) -14.24% Operating profit 15.77 49.86 216.17% Investment income - - - Net foreign exchange gain/(loss) 0.45 (0.80