agreements and dividend payment during the period. 1 GLOBAL POWER SYNERGY PLC. Q2/2017 Management Discussion & Analysis (MD&A) Q2/2017 Financial and Operating Highlights Unit: THB million * Exclude

% 6% 14% 16% 2% * Exclude depreciation and amortization expenses Management Discussion & Analysis (MD&A) Q3/2017 Management Discussion & Analysis The company’s operating revenue in Q3/2017 was Baht

%) 72% 2,700 3,175 18% Gross profit margin* (%) 24% 28% 27% (1%) 3% 22% 24% 2% Net profit margin (%) 10% 20% 16% (4%) 6% 14% 16% 2% Q4/2017 and 2017 Financial and Operating Highlights * Exclude costs of

consideration Payment and installment of each license are as follow; 5.1 Payment of 700MHz license fee at the rate of Baht 17,154 million (exclude VAT) is divided into 10 installments as follows; 1st installment

the extra accounting expense as mention above. If we exclude this transaction, the EBITDA for year 2018 would grow by 15% yoy and EBITDA margin would increase to 26% for year 2018. Financing Costs In

stated) 2019 2018 Change Amount % Change Net profit (Loss) attributable to equity holders -181 1,299 -1,480 -113.94% Net profit attributable to equity holders (Exclude other expenses)* 902 1,299 -397

., Ltd., which is an independent appraisal company, has reviewed property valuation and the market value is Baht 21,547,000 (exclude VAT). 6. Type and Size of transaction It is considered as connected

force Regulation 10 Source: Morningstar Direct complied by RD of Thai SEC as of 31 December 2016. The sample of 199 market wide equity funds exclude those funds investing with specific rules or

for the company 888 1,052 899 (15%) 1% 2,453 2,873 17% Gross profit margin* (%) 28% 28% 24% (4%) (4%) 24% 27% 3% Net profit margin (%) 21% 16% 13% (3%) (8%) 16% 15% (1%) * Exclude costs of depreciation

46. 62% of registered share capital of OKEA. o The Company debuted the “Hi-Diesel B20S” product which is raised the quality of the B20 Diesel through the Green S technology resulting in increased