(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the year 2019 1 Significant events in the year 2019 1. The shareholding in Bangkok Metro

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the year 2018 1 Significant events 1. On March 30, 2018, Bangkok Expressway and Metro Public

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on June 30, 2018 1 Significant events 1. On March 30, 2018, Bangkok

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on March 31, 2018 1 Significant events On March 30, 2018, Bangkok Expressway

Metro Public Company Limited (BEM)’s gain on fair value adjustment of investment due to reclassification in the amount of Baht 2,030 Million, net of corporate income tax, as it reclassified the investment

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on March 31, 2019 1 Significant events 1. The Extraordinary General Meeting

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2019 1 Significant events in the third quarter of the year

increase was mainly from Bangkok Expressway and Metro Public Company Limited (BEM)’s gain on fair value adjustment of investment due to reclassification in the amount of Baht 2,030 Million, net of corporate

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the year 2017 1 Significant events 1. Bangkok Expressway and Metro Public Company Limited

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2017 1 Significant events 1. Bangkok Expressway and Metro