Economic Ownership 48.0% SCOD 31 December 2019 PEA PPA 4.0 MW / 20 years % Progress 86.64% Progress on track B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis ABBREVIATION COD

sold 22,000,000 shares with an option to repurchase such shares to a third-party where the ownership over such shares was already transferred to the purchaser. (2) Number of shares from the conversion of

with an option to repurchase such shares to a third-party where the ownership over such shares was already transferred to the purchaser. However, the purchaser has not registered the name change with

- The Board Meeting of O.C.C. Public Company Limited No. 6/2560 held on October 10th, 2017 3. Date/ Month/ Year of Transaction - The land shall be registered and transferred of ownership by paying in one

lower profit contributed to shareholders of Samui Property Fund (SPF) and a decrease in percentage of ownership in SPF from 33.0 in year 2017 to 30.0 percent in year 2018. However, this was offset by a

on the date of transfer of land ownership 5. Details of Connected Persons 5.1 Mahasiri Siam Co., Ltd. is a major shareholder of CH. Karnchang Public Company Limited, and according to information from

method: by cash on the date of transfer of land ownership 5. Details of Connected Persons 5.1 Mahasiri Siam Co., Ltd. is a major shareholder of CH. Karnchang Public Company Limited, and according to

JV - (2) 3 (100)% 10 5 128% Others (FiberVisions, PHP China, Mexico) (0) 0 1 (101)% 1 4 (88)% 1 74% PTA JV, IVL started consolidating Polyprima Indonesia result since 4Q18. IVL has 100% ownership since

Indonesia result since 4Q18. IVL has 100% ownership since January 3rd, 2019 Indorama Ventures 1st Quarter 2019 MD&A 16 Table 10: IVL Consolidated Statement of Income 1 As per internal classification and

decrease in percentage of ownership in SPF from 33.0 to 30.0 percent in first quarter 2019. Unit: million baht January-March 2019 2018 Variance Amount % WFS-PG Cargo Company Limited 87.2 86.3 0.9 1.0 Samui