Re: Allocation of Cash Flow under Securitization Program and Reporting on Transfer of the Remaining Assets and Benefits of Special Purpose Vehicles

from late 2018; particularly, the Gasoline-Dubai crack spread (UNL/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and the Gasoil-Dubai crack spread (GO/DB), causing the refinery business’s market gross

reduced Market GRM, following the decline in refinery production volume due to the TAM, as well as a decrease in average Gasoline/Dubai crack spread and Fuel oil/Dubai crack spread, and the rise in crude

declining, mostly from the gasoline product which is a result of travel limitation policy during the COVID-19 outbreak. The Marketing Business recorded improvements in performance of 797% QoQ and 15% YoY, due

FY2019 Bangchak Corporation Plc. | in gross profit, even though the average selling price of Ethanol declined due to domestic ethanol stock remaining at high levels. Natural Resources Business Group

purchased the remaining shares of Nido from its minor shareholders, leading to BCP Energy International Pte, Ltd.’s shareholding in Nido to increase to 100%. Nido delisted its ordinary shares from the

China. Gasoline-Dubai crack spread (UNL95/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and Gasoline-Dubai crack spread (GO/DB) were especially affected. This turn of events have led the refinery

for long term growth, while remaining focused on supporting, supplementing and leveraging our flagship business of Combined PET. • With the reopening of economies, easing of lockdowns and improvement in

remaining share will be determined to the existing shareholder who subscribed and paid up by its allotment and be able to over-subscribe to its allotment. WCIH determined the date to subscribed and paid up

6.90 11.00 14.32 -3.32 12.75 -1.75 FO/DB 2.36 (16.57) (7.30) (18.59) 11.29 0.54 -7.84 Crack Spreads Analysis  Gasoline and Dubai crack spread (UNL95/DB) in Q1/2020 averaged at 6.54 $/BBL, a decline of