: Extra expenses related to natural calamities (Polar Vortex, Hurricanes and Lightning strikes) 29 8 - Management classification Less: Other extraordinaries (income)/expense 0 5 8 Management classification

. (2005) find that investors care more about “visible” fees such as front- and back-end load fees, but not operating expenses, so this could potentially be one reason behind this puzzling finding. 4

4Q21, AIS Fibre also created a new standard for the home internet market with the launch of lightning-fast services at the 2Gbps level, which meet the needs of customers seeking the highest quality