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

performance of power business in 1Q2020 continued to be solid with Normalized Share of Profit of Baht 250.7 million, comparing to Baht 184.8 million of 1Q2019. Sale volume of Utilities business in Thailand is

70.1 27.8 42.3 152.2 FiT Premium 6.0 - 6.0 N.A. (>100) Adder 33.9 34.3 (0.4) (1.2) Revenue from waste management 11.3 9.4 1.9 20.2 Sales from Municipal Solid Waste Power Plants 121.3 71.5 49.8 69.7 Sales

income of listed firm Total considerations Total consideration paid to listed firm Total assets of listed firm Equity value New equity increase Total equity of listed firm Proven and probable reserves

% Adder 30.8 31.3 29.5 (5.8%) (4.2%) 94.5 95.1 0.6% Revenue from waste management 10.3 9.6 10.4 8.3% 1.0% 27.5 29.4 6.9% Sales from Municipal Solid Waste Power Plant 66.4 66.2 63.9 (3.5%) (3.8%) 198.8 201.6

) Adder 31.3 33.9 30.4 (10.3%) (2.9%) 65.6 64.3 (2.0%) Revenue from waste management 9.6 11.3 13.2 16.8% 37.5% 19.0 24.5 28.9% Sales from Municipal Solid Waste Power Plants 66.2 121.3 122.5 1.0% 85.0% 137.7

2.4% Revenue from waste management 10.4 13.2 14.5 9.8% 39.4% 29.4 39.0 32.7% Sales from Municipal Solid Waste Power Plants 63.9 122.5 111.7 (8.8%) 74.8% 201.6 355.5 76.3% Sales of electricity - Base

(3.0) (20.7%) 40.2 50.5 10.3 25.6% Sales from Municipal Solid Waste Power Plants 121.3 122.5 111.7 126.7 15.0 13.4% 274.0 482.2 208.2 76.0% Sales of electricity - Base tariff and Ft 3.4 5.0 4.7 4.7

3.1% Adder 33.4 34.3 31.3 (8.7%) (6.3%) 63.7 65.6 3.0% Revenue from waste management 8.2 9.4 9.6 2.1% 17.1% 17.2 19.0 10.5% Sales from Municipal Solid Waste Power Plant 68.8 71.5 66.2 (7.4%) (3.8

658.5 660.4 1.9 0.3 2,603.3 2,614.8 (11.5) (0.4) > Natural Gas Power Plant 2.3 1.8 2.3 2.5 0.2 8.7 8.9 5.0 3.9 78.0 > Solid Waste Power Plant 24.3 27.2 25.3 29.0 3.7 14.6 105.8 99.7 6.1 6.1 > Solar Energy