Director The Stock Exchange of Thailand Reference: 1. Information Memorandum on the Issuance and Offering of the Newly Issued Shares through Private Placement (PP) of Safari World Public Company Limited 2

Fund had maintained its global economic projection for 2018 at 3.9 percent given that the US economy is expected to be bolstered by tax cuts and government spending hikes whereas other advanced economies

to high domestic ethanol stock, and the increasing aggregate domestic production capacity. Natural Resources Business Group recorded soften performance though the Company still realized additional

, its performance was also advanced as a result of business amalgamation and from the higher sales volume. Natural Resources Group Exploration and Production business recorded a higher selling price

1 --Translation-- Sor Gor 7/2018 January 19, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Unaudited) To: The President The Stock Exchange of Thailand

1 --Translation-- Sor Gor 11/2018 February 22, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Audited) To: The President The Stock Exchange of Thailand

baht from 31 December 2017 as a consequence of lower advanced bookings compared with same period last year.  Other current liabilities amounting to 2,152.1million baht, rose by 75.1 million baht. This

current liabilities amounting to 7,816.2 million baht decreased from 31 December 2018 by 524.0 million baht, mainly due to:  Unearned income soften by 389.5 million baht as a consequence of lower advanced

consequence of lower advanced bookings due to after peak travel season together with tourists' demand have been shifted to travel different destinations from Thailand. Non-current Liabilities Total non-current

Unearned income lower by 216.8 million baht as a consequence of lower advanced bookings after peak travel season. Other current liabilities amounting to 1,846.5 million baht, lower by 230.5 million baht