Microsoft Word - S_2019_GRC-02_025_S43 Share Acquisition_EN Page 1 – Translation – GRC-02/2019/025 11 December 2019 Subject: Report of the Asset Acquisition To: President The Stock Exchange of
expense must be paid due to the tender offer process in May 2019 of 26.14% from the acquisition of GLOW. This results in the company to hold 95.25% share in GLOW. The company have also faced an increase in
shares of GLOW or 99.83% of the total issued shares of GLO W. 14 March GPSC holds 69.11% of GLOW’s share 22 May GPSC completed the Mandatory Tender Offer at 95.25% of GLOW’s share 11 October 1st Trading
representing 30.89 percent of the total voting rights of GLOW). On 20 June 2018, GPSC and Engie Global Developments B.V. (“Engie” or the “Seller”) entered into the Share Purchase Agreement (the “SPA”) to
Company Limited (“GLOW”) equivalent to 69.11% from ENGIE Global Developments B.V., which had been the major shareholders of GLOW. The company completed the payment at Baht 91.9906 per share, amounting to
amotization of the purchase price allocation of Glow IPP Power Plant. 6 Share of Profit from Investments in Associates and Joint Ventures is the Total Share of Profit from Investments in Associates and Joint
Administrative Expenses (69.3) (152.9) (83.6) 120.6 Finance Costs (404.0) (459.9) (55.9) 13.8 Share of Profit from Investments in Associates and Joint Ventures 962.5 1,936.1 973.7 101.2 Income Tax (Expense) Income
increase the share capital. The Tender Offer Preparers have considered the information on the source of funds of the Tender Offeror to be used for this Tender Offer for all securities of GLOW and are opined
last year which was the planned maintenance year. Dividend received from Glow IPP of Baht 25.0 million in 3Q2018 4 SPP For 3Q3018, 7 SPPs Power Plant generated Baht 186.3 million of Normalized Share
. Dividend received from Glow IPP of Baht 75.0 million in 2018 versus Baht 59.3 million in 2017. SPP For 2018, 7 SPPs generated Baht 647.3 million of Normalized Share of Profit, a 184.8% increase from 2017