AOT: Annual Report 2014 by ar.airportthai shareinvestor

Service Minded

Safety & Security

Offering services beyond customersâ&#x20AC;&#x2122; satisfaction

Excellent security and safety standards

Teamwork Innovation

Integrity

Respect different opinion and collaboration

Caring for organizational benefit

Constant development

SERVICE MINDED

Service Minded

Offering services beyond customersâ&#x20AC;&#x2122; satisfaction

SAFETY & SECURITY

Safety & Security Excellent security and safety standards

TEAMWORK

Teamwork

Respect different opinion and collaboration

INTEGRITY

Integrity

Caring for organizational benefit

INNOVATION

Innovation Constant development

Contents *$7(

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Message AOT Board of Directors AOT Senior Executives from the Chairman

*$7(

General Information

*$7(

Business Characters

*$7(

Vision Mission Values

*$7(

AOT Strategy House

*$7(

Risk Management Shareholding Structure and Management

*$7(

AOT Organization Chart

*$7(

History

*$7(

AOT Core Values

*$7(

Connected Transactions

Summary of AOTâ&#x20AC;&#x2122;s Financial information

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Air Traffic Statistics

*$7(

Aviation and Airport Safety Standards

Business Continuity AOT Human Resource Occupational Health Development Development and Safety Operations

*$7(

Airport Security Standards

Environmental Operations

*$7(

Corporate Social Responsibility

*$7(

Awards and Accolades

*$7(

Community Relations Activities

*$7(

Financial Statements

AOT has prepared itself in all aspects and more challenges presented by the increasing competition in the global aviation industry. At the same time, good corporate governance and responsibility towards the society, community and the environment will continue to lead the way towards sustainable development of AOT

Message from the Chairman The Airports of Thailand Public Company Limited (AOT) has relentlessly upgraded its services in 2014. This has allowed AOT to better serve the constantly growing air transport industry that is a key driving force of the nationâ&#x20AC;&#x2122;s overall economic growth and social development. Considering that the 6 international airports under AOTâ&#x20AC;&#x2122;s responsibility - Suvarnabhumi, Don Mueang, Chiang Mai, Mae Fah Luang-Chiang Rai, Phuket and Hat Yai - have played important role in such development BOEÇ°CFFOÇ°UIFÇ°ĹłSTUÇ°BOEÇ°UIFÇ°MBTUÇ°QPJOUÇ°PGÇ°DPOUBDUÇ°UIBUÇ°JNQSFTTFTÇ°WJTJUPSTÇ°BSSJWJOHÇ°JOÇ°BOEÇ°EFQBSUJOHÇ° the country, AOT is strongly committed to further improving and developing airport services across all aspects to support the overall development of the air transport industry, economy, society and the environment. This commitment will bring AOT to become Asiaâ&#x20AC;&#x2122;s leading airport business in the end. The global airport industry has meanwhile developed consistently. Major development trends include Non-aeronautical Revenue generation, Low cost Carrier (LCCs) growth, increasing purchasing power of foreign tourists, the development of advanced technology in service quality upgrade, and the preparation for ASEAN Economics Community (AEC) integration. In order to ensure impressive experience for airport users, these trends are very important and must be taken into account when planning for airports service quality development. Bearing these in mind, AOT has persistently upgraded the capability and competitiveness of all the airports under its supervision with an aim to make them the air transport hubs in the region in the future. "05Ç°DPOUJOVFEÇ°UPÇ°FYQFSJFODFÇ°QSPNJOFOUÇ°QFSGPSNBODFÇ°JOÇ°UIFÇ°ĹłTDBMÇ°ZFBSÇ° Ç°XJUIÇ°TPMJEÇ°HSPXUIÇ°SBUFÇ° compared to the previous year. The number of passengers handled was 1.67% higher than the QSFWJPVTÇ°ZFBSÇ°XIJMFÇ°UPUBMÇ°OVNCFSÇ°PGÇ°Ĺ´JHIUTÇ°IBOEMFEÇ°HSFXÇ°CZÇ° Ç°5PUBMÇ°DBSHP Ç°NBJMÇ°BOEÇ°QPTUBMÇ° QBSDFMTÇ° NPWFNFOUÇ° FYQBOEFEÇ° CZÇ° Ç° 4VDIÇ° TJHOJĹłDBOUÇ° HSPXUIÇ° JTÇ° BÇ° DMFBSÇ° UFTUJNPOZÇ° PGÇ° "05Ä´TÇ° NBOBHFNFOUÇ°FGĹłDJFODZÇ°PGÇ°BMMÇ°JUTÇ° Ç°JOUFSOBUJPOBMÇ°BJSQPSUTÇ°UIBOLTÇ°UPÇ°UIFÇ°DPPQFSBUJPOÇ°BOEÇ°EFEJDBUJPOÇ° of the management and all employees. To better sustain higher demand for air transport services, AOT has prepared itself in all aspects and more challenges presented by the increasing competition in the global aviation industry. At the same time, good corporate governance and responsibility towards the society, community and the environment will continue to lead the way towards sustainable development of AOT.

(Prasong Poontaneat) Chairman

AOT Board of Directors As of 30 November 2014

1. Mr. Prasong Poontaneat Chairman

4. Mr. Nirandra Theeranartsin

Director Chairman of Nomination Committee Member and Secretary of Corporate Governance Committee Member and Secretary of Risk Management Committee

2. Mr. Nantasak Poolsuk

Independent Director Chairman of Audit Committee Chairman of Corporate Governance Committee

5. Air Marshal Prakit Skunasingha Independent Director Member of Audit Committee Member of Corporate Governance Committee

3. Squadron Leader Prajak Sajjasophon

Independent Director Member of Nomination Committee Member of Corporate Governance Committee Member of Risk Management Committee

6. Mr. Rakop Srisupa-at

Director Member of Nomination Committee Member of Remuneration Committee

7. Air Marshal Johm Rungswang Director

10. Miss Suttirat Rattanachot

Director Member of Remuneration Committee

13. Mr. Wara Tongprasin

Independent Director Chairman of Remuneration Committee Member of Audit Committee Member of Risk Management Committee

8. Lieutenant General Kampanat Ruddit

9. Mr. Thawatchai Arunyik

11. Mr. Manit Nitiprateep

12. Mr. Thanin Pa-Em

Independent Director Chairman of Risk Management Committee

Director

Independent Director

Director

AOT Board of Directors Appointed during the year 2014

No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Name Dr. Pongsak Semson Mr. Arkhom Termpittayapaisith Mr. Wutisak Lapcharoensap Mr. Thanapich Mulapruk Mr. Wattana Tiengkul Mrs. Chantima Sirisaengtaksin Mr. Thanin Angsuwarangsi Air Chief Marshal Araya Ngampramuan Mr. Wisanu Subsompon Squadron Leader Sita Divari Police General Krisna Polananta Police Lieutenant General Pharnu Kerdlarpphon Mr. Tirachai Vutithum Mr. Makin Petplai Mr. Tongthong Chandrangsu

Tenure March 14, 2008 - July 1, 2014 March 14, 2008 - August 28, 2014 February 17, 2009 - January 24, 2014 February 17, 2009 - February 3, 2014 September 29, 2011 - January 24, 2014 February 6, 2014 - June 6, 2014 November 11, 2011 - January 24, 2014 November 11, 2011 - June 30, 2014 January 25, 2013 - September 11, 2014 January 25, 2013 - June 30, 2014 February 8, 2013 - June 6, 2014 February 21, 2013 - June 6, 2014 February 21, 2013 - June 6, 2014 December 18, 2013 - July 1, 2014 December 18, 2013 - September 16, 2014 April 30, 2014 - September 1, 2014

AOT Senior Executives As of 30 November 2014

1. Mr. Nirandra Theeranartsin

2. Miss Shanalai Chayakul

3. Group Captain Kanputt Mungklasiri

4. Miss Sasisubha Sukontasap

5. Mr. Montri Mongkoldaow

6. Mrs. Poolsiri Virojanapa

7. Mr. Wichai Bunyu

8. Mr. Pravit Chaisuwan

9. Group Captain Samai Chantorn

Acting President

Senior Executive Vice President (Corporate Strategy)

Senior Specialist 10 Acting Senior Executive Vice President (Business Development and Marketing)

Senior Executive Vice President (Legal and Corporate Secretary)

Senior Executive Vice President (Human Resources and Administration)

Senior Executive Vice President (Engineering and Construction)

Senior Executive Vice President (Airport and Aviation Standard)

Senior Executive Vice President (Accounting and Finance)

Senior Executive Vice President (Regional Airports)

AOT Senior Executives

10. Mr. Prapon Pattamakitsakul

General Manager of Suvarnabhumi Airport

13. Group Captain Visut Chantana General Manager of Chiang Mai International Airport

11. Acting Flying Officer Chaturongkapon Sodmanee

12. Mrs. Monrudee Gettuphan

14. Mr. Jesada Petchmedyai

15. Mr. Ittipol Boonaree

General Manager of Don Mueang International Airport

General Manager of Hat Yai International Airport

Senior Specialist 10 Acting General Manager of Phuket International Airport

General Manager of Mae Fah Luang Chiang Rai International Airport

AOT Senior Executives Post occupation during the year 2014

No. 1 2 3 4 5 6 7 8

9 10 11 12 13 14 15

Name Mr. Makin Petplai Miss Shanalai Chayakul Acting Flying Officer Passakorn Surapipit Miss Sasisubha Sukontasap Mr. Montri Mongkoldaow

Position

President Corporate Secretary Senior Executive Vice President (Airport and Aviation Standard) Senior Executive Vice President (Corporate Strategy) Senior Executive Vice President (Human Resources and Administration) Mrs. Poolsiri Virojanapa Senior Executive Vice President (Accounting and Finance) Miss Vilaiwan Nadvilai Senior Executive Vice President (Business Development and Marketing) Mr. Pravit Chaisuwan Senior Specialist 10 Acting Senior Executive Vice President (Engineering and Construction) Mr. Chaowalit Paka-Ariya Senior Executive Vice President (Regional Airports) Mrs. Rawewan Netrakavesna General Manager of Suvarnabhumi Airport Acting Flying Officer Chaturongkapon General Manager of Don Mueang International Airport Sodmanee Mr. Prathuang Sornkhom General Manager of Phuket International Airport Wing Commander Lukchai General Manager of Chiang Mai International Airport Chaleoyprach Group Captain Noranit Pholakanond General Manager of Hat Yai International Airport Mr. Damrong Klongakara General Manager of Mae Fah Luang-Chiang Rai International Airport

Level

11 11 11

11 11 10

11 11 11 11 10 10 10

Airports of Thailand Public Company Limited

AOT Organization Chart As of 1 October 2014

Board of Directors The Risk Management Committee The Corporate Governance Committee

President Legal and Corporate Secretary Legal Group Litigation Department Legal Affairs Department Legal Transactions and Contracts Department

Corporate Secretary Group

Special Operations Center

Corporate Secretary Department Corporate Communications Department Corporate Social Responsibilities and Corporate Governance Department

Corporate Strategy Corporate Strategy Department Airport Development Planning Department Risk Management Department Organization Development and Performance Appraisal Department 0GųDFǰPGǰ'PSFJHOǰ"GGBJST Foreign Affairs Department Foreign Cooperation and Protocol Department

Human Resources and Administration

Accounting and Finance

AOT Academy Executive Development Department Human Resources Development Department Strategic Human Resources Management Department Human Resources Management Department Welfare and Labour Relations Department Administration Department Medical Department

Regional Airports Regional Airports Administration Department Chiang Mai International Airport, Hat Yai International Airport, Mae Fah Luang – Chiang Rai International Airport Business Support Airport Administration Division Supply Division Commercial and Finance Division Legal and Human Resources Division Special Affairs and Community Relations Division Medical Division Operations and Maintenance Airport Services Division Security Division Rescue and Fire Fighting Division Maintenance Division Aerodrome Standard and Occupational Health Division

Budgeting Department Finance Department Accounting Department Supply Department Investor Relations Department

Suvarnabhumi Airport Business Support Group Suvarnabhumi Airport Administration Department Planning and Budgeting Department Accounting and Finance Department Suvarnabhumi Airport Supply Department Special Affairs and Community Relations Department Medical Division Operations Group Airside Operations Department Landside Operations Department Customer Services Department Security Department Rescue and Fire Fighting Department

Maintenance Group Electrical and Mechanical Department ǰ "JSųFMEǰBOEǰ#VJMEJOHǰ%FQBSUNFOU Baggage Handling System Department Commercial Operations Group Commercial Operations Department Transportation Management Department Customs Free-Zone and Cargo Management Center Aerodrome Standard and Occupational Health Department

The Nomination Committee The Remuneration Committee The Audit Committee Information and Communication Technology Group Information and Communication Technology Strategy Department Information System Department Computer and Network System Department Communications and Electronics Department

Office of Audit

Business Development and Marketing Business Development and Marketing Department Business Management Department Property Management Department

Airport and Aviation Standard

Engineering and Construction 0GųDFǰPGǰ4VWBSOBCIVNJǰ"JSQPSUǰ Construction Management Construction Engineering Department Project Management and Evaluation Department Project Supporting Department Project Engineering Department Environmental Department

Don Mueang International Airport Business Support Group Don Mueang International Airport Administration Department Planning, Commercial and Finance Department Medical Division Operations and Maintenance Group Airside Operations Department Landside Operations Department Rescue and Fire Fighting Department Maintenance Department Aerodrome Standard and Occupational Health Division

Aerodrome Standard and Safety Department Aviation Security Standard and Quality Control Department Aviation Services Standard Department Welfare Safety and Occupational Health Department

Phuket International Airport Business Support Group Phuket International Airport Administration Department Planning, Commercial and Finance Department Operations and Maintenance Group Airside Operations Department Landside Operations Department Security, Rescue and Fire Fighting Department Maintenance Department Aerodrome Standard and Occupational Health Division Medical Division

History 5IFÇ° "JSQPSUTÇ° PGÇ° 5IBJMBOEÇ° 1VCMJDÇ° $PNQBOZÇ° -JNJUFEÇ° IBTÇ° BÇ° MPOHÇ° IJTUPSZÇ° PGÇ° PQFSBUJPOT Ç° *OÇ° Ç° %POÇ°.VBOHÇ°BSFBÇ°XBTÇ°DIPTFOÇ°BTÇ°BOÇ°BJSĹłFMEÇ°BOEÇ°UISFFÇ°NJMJUBSZÇ°PGĹłDFSTÇ°MBOEFEÇ°UIFÇ°JOBVHVSBMÇ°Ĺ´JHIUÇ°BUÇ° %POÇ°.VBOHÇ°"JSĹłFMEÇ°POÇ° Ç°.BSDIÇ° Ç°"UÇ°UIBUÇ°UJNF Ç°UIFÇ°"SNZÇ°"WJBUJPOÇ°6OJUÇ°BTTVNFEÇ°SFTQPOTJCJMJUZÇ° for supervising the airport. Later, Don Muang Airport was developed into an international airport BOEÇ°OBNFEÇ°%POÇ°.VBOHÇ°*OUFSOBUJPOBMÇ°"JSQPSU Ç°*OÇ° Ç°JUTÇ°OBNFÇ°XBTÇ°PGĹłDJBMMZÇ°DIBOHFEÇ°UPÇ°#BOHLPLÇ° International Airport and it came under the supervision of the Royal Thai Air Force. Following the /BUJPOBMÇ°"TTFNCMZÄ´TÇ°FOBDUNFOUÇ°PGÇ°UIFÇ°"JSQPSUTÇ°"VUIPSJUZÇ°PGÇ°5IBJMBOEÇ°"DU Ç°# & Ç° Ç° Ç°UIFÇ° Airports Authority of Thailand or AAT was formally established and AAT staff commenced work POÇ° Ç°+VMZÇ° Ç°5IFÇ°%FQBSUNFOUÇ°PGÇ°$JWJMÇ°"WJBUJPOÇ°MBUFSÇ°USBOTGFSSFEÇ° Ç°SFHJPOBMÇ°JOUFSOBUJPOBMÇ°BJSQPSUTÇ° UPÇ°UIFÇ°SFTQPOTJCJMJUZÇ°PGÇ°""5 Ç°$IJBOHÇ°.BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°XBTÇ°USBOTGFSSFEÇ°POÇ° Ç°.BSDIÇ° Ç° )BUÇ°:BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°POÇ° Ç°"VHVTUÇ° Ç°1IVLFUÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°POÇ° Ç°0DUPCFSÇ° Ç° BOEÇ°.BFÇ°'BIÇ°-VBOH $IJBOHÇ°3BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°POÇ° Ç°0DUPCFSÇ° Ç°"MTP Ç°4VWBSOBCIVNJÇ°"JSQPSUÇ° PQFSBUFEÇ°CZÇ°"05Ç°XBTÇ°PQFOFEÇ°GPSÇ°TFSWJDFÇ°POÇ° Ç°4FQUFNCFSÇ° With airport operations constantly growing, AAT rose to the occasion by changing its status to a QVCMJDÇ°DPNQBOZÇ°MJNJUFE Ç°""5Ç°XBTÇ°SFHJTUFSFEÇ°BTÇ°BÇ°MFHBMÇ°FOUJUZÇ°POÇ° Ç°4FQUFNCFSÇ° Ç°VOEFSÇ°UIFÇ° name the Airports of Thailand Public Company Limited or AOT. AOT aims to achieve excellence in its operations by emphasising the development of service quality, personnel capabilities and information technology system that respond to the dynamic aviation industry. In addition, AOT also places great importance on Corporate Social Responsibility in line with international standards. This will serve as a guideline for sustainable development, FOIBODJOHÇ° UIFÇ° DPOĹłEFODFÇ° BOEÇ° TBUJTGBDUJPOÇ° PGÇ° BJSQPSUÇ° DVTUPNFSTÇ° VOEFSÇ° UIFÇ° TMPHBOÇ° Äś4BGFUZÇ° BOEÇ° Service are our prioritiesâ&#x20AC;?.

General Information

Company Name

: The Airports of Thailand Public Company Limited (AOT)

Registration NumberÇ°

Ç° 1-$Ç°

Type of Business

: Airport operator and other services related to airport operations

Registered CapitalÇ°

Ç° Ç°#BIU

Number of Common SharesÇ° Ç° Ç°TIBSFT Ç°QBSÇ°WBMVFÇ°BUÇ° Ç°#BIUÇ°QFSÇ°TIBSF Shareholders

: At present, the Ministry of Finance is the major shareholder with a 70% stake, while the remainder is held by institutes and retail investors

Listed date on Stock Exchange of Thailand

: 11 March 2004

Accounting PeriodÇ°

Ç° Ç°0DUPCFSÇ° Ç° Ç°4FQUFNCFS

Website

: http://www.airportthai.co.th

ContactÇ° Ç° Ç°

Ç° )FBEÇ°0GĹłDF Ç° Ç°$IFSEXVUBHBSEÇ°3PBE Ç°4JLBOÇ°4VCEJTUSJDU Ç°%POÇ°.VFBOHÇ°%JTUSJDU Ç°#BOHLPLÇ° Ç° 5FM Ç° Ç° Ç° Ç°Ç°'BYÇ° Ç° Ç° Ç° Ç° Ç°

Corporate SocialÇ° Ç° 5FM Ç° Ç° Ç° Ç°Ç°'BYÇ° Ç° Ç° Responsibility and Corporate E-mail: corporat@airportthai.co.th Governance Department Investor Relations CenterÇ°

Ç° 5FM Ç° Ç° Ç° Ç°Ç°'BYÇ° Ç° Ç° E-mail: aotir@airportthai.co.th

Corporate Communication 0fĹłce

Ç° 5FM Ç° Ç° Ç° Ç°Ç°'BYÇ° Ç° Ç° E-mail: aotpr@airportthai.co.th

Securities Registrar

: Thailand Security Depository Company Limited. 62 The Stock Exchange of Thailand Building, Ratchadaphisek Road, Klongtoey, Bangkok 10110 Ç° 5FM Ç° Ç° Ç° Ç°Ç°'BYÇ° Ç° Ç°

Ç° AuditorÇ° Ç°

Ç° 5IFÇ°0GĹłDFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBMÇ°PGÇ°5IBJMBOE Soi Ari Samphan, Rama 6 Road, Phayathai District, Bangkok 10400 Ç° 5FM Ç° Ç° Ç° Ç°FYU Ç° Ç°Ç°'BYÇ° Ç° Ç°

Asiaâ&#x20AC;&#x2122;s Leading Airport Business Vision

Vision

AOT is the Asiaâ&#x20AC;&#x2122;s leading airport business

Mission

Operate airport business with superior standard, be service minded, advanced technology, value creation and responsibility for the society and community

Values

1. Safety and Security: Safety and security is our first priority. 2. Service Mind: Serve our clients with â&#x20AC;&#x153;service in mindâ&#x20AC;? 3. Teamwork: Teamwork and unity driven by corporate goal is at the heart of the our operations 4. Continuous Learning: Eager to learn of changes in relation with our business and our competitors so as to strengthen AOT competitiveness and to improve knowledge and work skills in response to this change. 5. Transparency and accountability: Operate business with transparence and integrity as well as responsibility towards our shareholders, business partners, society and our country.

AOT Strategy House AOT Strategy House comprises 7 strategies: 1. Airport Strategic Positioning: setting the role and strategic positioning in developing capability of the 6 AOTâ&#x20AC;&#x2122;s airports leading to roadmap formulation for development of infrastructure, Ç° BJSQPSUÄ´TÇ°BSDIJUFDUVSFÇ°BOEÇ°BJSQPSUÇ°PQFSBUJPOTÇ°JOÇ°DPNQMJBODFÇ°XJUIÇ°UIFÇ°VTFSÇ°QSPĹłMF 2. Airport Service Capacity: managing and increasing airport handling capacity to serve the increasing Ç° BJSÇ°USBGĹłDÇ°NPWFNFOUTÇ°JOÇ°UIFÇ°GVUVSF Ç°FTQFDJBMMZÇ°BUÇ°4VWBSOBCIVNJÇ°"JSQPSU Ç°%POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ° Airport and Phuket International Airport. . Aero Business EfĹłciency 0rientation : improving airport operations and management in Ç° PSEFSÇ°UPÇ°PGGFSÇ°GBTU Ç°DPOWFOJFOUÇ°BOEÇ°IJHIMZÇ°FGĹłDJFOUÇ°TFSWJDFT 4. Non-aero Business: developing new business and marketing activities to increase non-aero business revenues based on customersâ&#x20AC;&#x2122; lifestyle and business development under the Airport City concept. . Service 0riented Intelligent Airport : introducing innovations and information and communication technology to continually enhance service quality development. 6. Regional Hub: making AOTâ&#x20AC;&#x2122;s airport the aviation hub in different areas, including tourism, logistics, transit/transfer hub connecting to other destinations, aircraft maintenance, etc. 7. Business Development: entering into joint ventures with business partners in various sectors in Thailand and overseas. The strategies are developed based on the following areas:

Corporate governance

Environmental, social and community excellence

Security excellence

Information and communication technology excellence

Human resource development excellence

Objective

Vertical & Horizontal

Foundation

Ç°*NQSPWFÇ° USBGĹłDÇ°IBOEMJOHÇ° capacity 1.4 Improve maintenance service

1.1 Set role and strategic positioning of airports under AOTâ&#x20AC;&#x2122;s responsibility

Capability

Airport Service Capacity

Airport Strategic Positioning

Finance

Ç°&YQBOEÇ°BOE JODSFBTFÇ°FGĹłDJFODZÇ° in commercial space management, including space in other zone in the passenger terminal at all airports Ç°*ODSFBTFÇ° income from new space sales at Suvarnabhumi and Don Mueang International Airports Ç°*OWFTUÇ°BOE PSÇ°ĹłOEÇ°OFXÇ° partners in new commercial businesses under Airport City concept

Non-Aero Business 2.1 Develop and improve airport operation systems 2.2 Develop and improve passenger arrivals and departure processes and systems Ç°%FWFMPQÇ°BOEÇ° improve social NFEJBÇ°FGĹłDJFODZ 2.4 Develop and improve commercial operations support system

Service Orientation (Intelligent Airport

Career

People

Safety & Security Climate

ÂŤĂ&#x2013;Ă&#x2030;Ă&#x2030;Ă&#x2019; ÂĽĂ?Ă&#x2013;Ă&#x201D;Ă&#x201C;Ă&#x2013;Ă&#x2DC; Â&#x2030; ÂˇĂ&#x201C;Ă&#x2021;Ă?Ă&#x2026;Ă? Â&#x2030; Â¸Ă&#x2030;Ă&#x2021;Ă&#x152;Ă&#x2019;Ă&#x201C;Ă?Ă&#x201C;Ă&#x2039;Ă?

Ç°*NQSPWFÇ° service quality Ç°$POTUBOUMZÇ° maintain and improve all facilities Ç°1SPWJEFÇ° world-class security and safety at airports Ç°1SPBDUJWFMZÇ° improve marketing activities to JODSFBTFÇ°Ĺ´JHIUT Ç° passengers, cargo and aeronautical revenue per unit

Aero Business (EfĹłciency Orientation

Mature Market

Innovation

Culture

ÄťÇ°5PVSJTU ÄťÇ°#VTJOFTT ÄťÇ°-PHJTUJDT ÄťÇ°.30 ÄťÇ°5SBOTJU 5SBOTGFS 1.2 Create strategy, support and drive National Airport System development

Regional Hub

Corporate Governance/ Corporate Affairs 4.1 Passion for excellence in all areas 4.2 Promote corporate ethics and governance Ç°.BOBHFNFOUÇ°SJTLÇ°XJUIÇ° prudence 4.4 Create sustainability for the organization Ç°$PPQFSBUFÇ°XJUIÇ°LFZÇ° partners and stakeholders

Business Development ÄťÇ°*OWFTUNFOU ÄťÇ°+PJOUÇ°4FSWJDF ÄťÇ°.BOBHFEÇ°Ç° Service Ç°&YQBOEÇ° business overseas, AEC and other regions

Emerging Market

Reputation

Mission : To provide excellent service that is beyond quality standard with responsibilities toward society, environment, and community.

Sustainable Growth AOT Operates the Worldâ&#x20AC;&#x2122;s Smartest Airports

AOT Strategy House

AOT Strategy House: the 7 Strategies

Airport Strategic Positioning Set role and strategic positioning for AOTâ&#x20AC;&#x2122;s 6 airports.

Airport Service Capacity Manage and increase airport handling capacity of increasing air traffic movements.

Aero Business (Efficiency Orientation) Improve airport operation and management to offer fast, convenient and efficient services.

Non-Aero Business Develop new business and marketing to increase non-aero revenues and develop business under Airport City concept.

Service Oriented (Intelligent Airport) Introduce innovation and information and communication techno-logy to constantly develop service quality.

Regional Hub Improve airport operations to become aviation hub.

Business Development Enter into joint venture with business partners in various sectors in Thailand and overseas.

AOT Core Values Considering rapid changes and development in the aviation industry plus more intense competition in service, standard, facilities, technologies and innovations, an organization has to have strong corporate culture in order to maintain competitive advantages. This is important because unlike other factors, corporate culture cannot be copied but is unique to one organization, especially XIFOÇ°UIFÇ°PSHBOJ[BUJPOBMÇ°DVMUVSFÇ°JTÇ°ÄśDPNNJUNFOUÇ°UPÇ°FYDFMMFODFÄˇ To create and nurture a corporate culture of excellence, everyone in the organization has to BDDFQU Ç°FNCSBDFÇ°BOEÇ°QSBDUJDFÇ°DPSFÇ°WBMVFÇ°VOUJMÇ°JUÇ°CFDPNFTÇ°DPSQPSBUFÇ°DVMUVSF Ç°"05Ç°IBTÇ°EFĹłOFEÇ°JUTÇ° DPSFÇ°WBMVFT Ç°CBTFEÇ°POÇ°UIFÇ°EFWFMPQNFOUÇ°PGÇ°JUTÇ°DPSQPSBUFÇ°QMBOÇ° Ç° Ç° Ç°BOEÇ°SFTVMUÇ°GSPNÇ°UIFÇ° brainstorming session of AOT executives in the 2014 corporate culture workshop. The core values DPNQSJTFÇ° Ç°DPSFÇ°WBMVFTÇ°BOEÇ°QSFGFSSFEÇ°CFIBWJPSTÇ°BTÇ°GPMMPXT

1. Service minded: offering services beyond customersâ&#x20AC;&#x2122; satisfaction 2. Safety & security: excellent security and safety standards 3. Teamwork: respect different opinion and collaboration 4. Innovation: constant development . Integrity: caring for organi[ational beneĹłt

5IFÇ° Ç°DPSFÇ°WBMVFTÇ°XJMMÇ°FOBCMFÇ°BMMÇ°"05Ç°FNQMPZFFTÇ°UPÇ°DPOUSJCVUFÇ°UPÇ°CVJMEJOHÇ°UIFÇ°QSFGFSSFEÇ°DPSQPSBUFÇ°DVMUVSFÇ°UIBUÇ°XJMMÇ° MFBEÇ°UPÇ°FYDFMMFODFÇ°BOEÇ°TVTUBJOBCJMJUZ Ç°SFTVMUJOHÇ°JOÇ°JNQSPWFEÇ°DPNQFUJUJWFÇ°BEWBOUBHFT Ç°5IFÇ°CFOFÅ³UTÇ°PGÇ°UIFÇ°DPSFÇ°WBMVFTÇ°BSF 1. Frame the desired behavior of AOT employees that will become AOT DNA. 2. Promote pleasant climate in the workplace. Ç° 6OJUFÇ°"05Ç°FNQMPZFFTÇ°UPHFUIFSÇ°BOEÇ°QSPNPUFÇ°UIFJSÇ°DBQBCJMJUZÇ°BTÇ°QFPQMFÇ°BSFÇ°UIFÇ°WBMVBCMFÇ°SFTPVSDFT Ç° *ODSFBTFÇ°TBUJTGBDUJPOÇ°BOEÇ°DPOÅ³EFODFÇ°BNPOHÇ°DVTUPNFSTÇ°BOEÇ°QBSUOFST Ç° -FBEÇ°UIFÇ°PSHBOJ[BUJPOÇ°UPXBSETÇ°TVDDFTTÇ°BOEÇ°BDIJFWJOHÇ°JUTÇ°WJTJPOÇ°BTÇ°UIFÇ°XPSMEÄ´TÇ°MFBEJOHÇ°BJSQPSUÇ°CVTJOFTT The core values serve as the foundation and root of AOT. It provides the guideline for all employees to adhere to and implement. At the same time, the values would drive the organization in achieving the organizationâ&#x20AC;&#x2122;s vision and bind all employees together. This will move AOT forward to becoming one of the worldâ&#x20AC;&#x2122;s leading international airport as DMFBSMZÇ°TUBUFEÇ°JOÇ°JUTÇ°WJTJPOÇ°Ä¶"05Ç°PQFSBUFTÇ°5IFÇ°8PSMEÄ´TÇ°4NBSUFTUÇ°"JSQPSUT Ä·

Summary of AOTâ&#x20AC;&#x2122;s Financial information 2014

2013

2012

Revenues from sales or services

37,585.46

36,810.40

30,405.28

Earnings before Finance Costs, Income Taxes, Depreciation and Amortization including Other Non-operating Income and Expenses (EBITDA)

20,781.04

20,075.65

15,382.10

Net profit

12,220.37

16,347.35

6,499.75

Operating results (Million Baht)

Financial Position (Million Baht) Total assets

153,788.84 153,060.95 149,048.58

Total liabilities

56,541.44

61,321.03

71,253.76

Shareholdersâ&#x20AC;&#x2122; equity

97,247.40

91,739.92

77,794.82

2.56

2.24

2.13

Net profit to revenues from sales or services (%)

32.51

44.41

21.38

Return on equity (%)

12.96

19.32

8.68

Return on assets (%)

7.97

10.82

4.36

Debt to equity (Times)

0.58

0.67

0.92

67.93

64.11

54.35

8.55

11.44

4.55

Financial Ratios Liquidity ratio (Times)

Book value per share (Baht) Earnings per share (Baht)

Revenues from sales or services (Million Baht) Growth 2.11%

Growth

2014

21.07%

2013 Landing and parking charges Passenger service charges Aircraft service charges

2012 Office and state property rents Service revenues Concession revenues

Net profit (Million Baht)

Lowe

2014

r 25.2

5% Gro

2013

wth

151

.51

2012

Financial Position (Million Baht)

2014

71,253.76

2012

2013 Total assets

Total liabilities

77,794.82

149,048.58 91,739.92

56,541.44

50,000

61,321.03

100,000

97,247.40

153,788.84

150,000

153,060.95

200,000

Shareholdersâ&#x20AC;&#x2122; equity

Financial Ratios Liquidity ratio (Times) 2.56

2014

Return on equity (%)

Return on assets (%)

19.32 2.24

2013

2.13

2012

12.96

2014

Debt to equity (Times)

0.67

2014

2013

64.11

0.92

2012

10.82

8.68

2012

4.36

2014

Book value per share (Baht) 67.93

0.58

7.97

2013

2012

Earnings per share (Baht) 54.35

8.55

11.44 4.55

2014

2013

2012

2014

2013

2012

Airports of Thailand Public Company Limited and its subsidiaries Management discussion and analysis of financial statements for the year ended September 30th, 2014

Overall performance and significant events Overall, the world economy continued to recover throughout 2014 allowing the airline industry UPÇ°DPOUJOVFÇ°UPÇ°FYQBOE Ç°FTQFDJBMMZÇ°MPXÇ°DPTUÇ°BJSMJOFTÇ°JOÇ°UIFÇ°"TJBÇ°1BDJĹłDÇ°SFHJPO Ç°)PXFWFS Ç°EVSJOHÇ°UIFÇ° ĹłSTUÇ°TJYÇ°NPOUITÇ°PGÇ° Ç°UIFÇ°BJSMJOFÇ°JOEVTUSZÇ°XJUIJOÇ°5IBJMBOEÇ°EJEÇ°OPUÇ°SFĹ´FDUÇ°UIJTÇ°SFDPWFSZÇ°EVFÇ°UPÇ° the effect of domestic political issues. There were decreases in the number of Chinese tourists from the cancellation policy of â&#x20AC;&#x2DC;Soon Lianâ&#x20AC;&#x2122; tours. However the number of tourists in the latter half of 2014 started to increase as the political situation began to settle down with more direct Ĺ´JHIUTÇ°GSPNÇ°$IJOBÇ°UPÇ°5IBJÇ°UPVSJTUÇ°NBJOÇ°EFTUJOBUJPOT Ç°"TÇ°BÇ°SFTVMU Ç°JOÇ°ĹłTDBMÇ°ZFBSÇ° Ç° 0DUÇ° Ç° Ç°4FQÇ° Ç° UIFÇ°WPMVNFÇ°PGÇ°BJSÇ°USBGĹłDÇ°BUÇ°TJYÇ°BJSQPSUTÇ°VOEFSÇ°UIFÇ°"JSQPSUTÇ°PGÇ°5IBJMBOEÇ°1VCMJDÇ°$PNQBOZÇ°-JNJUFEÇ° "05 Ç°UPUBMMFEÇ° Ç°Ĺ´JHIUTÇ°PSÇ°BOÇ°JODSFBTFÇ°PGÇ° Ç°DPNQBSFEÇ°UPÇ°MBTUÇ°ZFBS Ç°5IFSFÇ°XFSFÇ° Ç° JOUFSOBUJPOBMÇ°Ĺ´JHIUTÇ°BOEÇ° Ç°EPNFTUJDÇ°Ĺ´JHIUT Ç°5IFÇ°UPUBMÇ°OVNCFSÇ°PGÇ°QBTTFOHFSTÇ°XBTÇ° Ç°NJMMJPOÇ° PSÇ°BOÇ°JODSFBTFÇ°PGÇ° Ç°SFQSFTFOUJOHÇ° Ç°NJMMJPOÇ°JOUFSOBUJPOBMÇ°QBTTFOHFSTÇ°BOEÇ° Ç°NJMMJPOÇ° domestic passengers. An incentive program for low-cost carriers (LCCs) and point to point carriers that move from Suvarnabhumi Airport to Don Mueang International Airport (DMK) (Phrase II) in a period of three years from October 1st Ç° Ç°UPÇ°4FQUFNCFSÇ° th Ç° Ç°BMMPXTÇ°EJTDPVOUTÇ°GPSÇ°JOTUBODFÇ°UBLF PGGÇ°BOEÇ° MBOEJOHÇ°GFF Ç°QBSLJOHÇ°GFF Ç°BFSPCSJEHFÇ°TFSWJDFÇ°BOEÇ°SFOUBMÇ°GFF Ç°5IFÇ°EJTDPVOUÇ°SBUFTÇ°GPSÇ°UIFÇ°ĹłSTUÇ°UISFFÇ° ZFBSTÇ° BSFÇ° Ç° Ç° BOEÇ° Ç° DPOTFDVUJWFMZ Ç° 'SPNÇ° 0DUPCFSÇ° stÇ° Ç° UPÇ° 4FQUFNCFSÇ° th 2014, UIFSFGPSF Ç°UIFÇ°EJTDPVOUÇ°SBUFÇ°ESPQQFEÇ°GSPNÇ° Ç°UPÇ° *OÇ° Ç°"05Ç°HFOFSBUFEÇ°OFUÇ°QSPĹłUÇ°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°*UÇ°EFDSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ° PSÇ° Ç° GSPNÇ° MBTUÇ° ZFBS Ç° 5PUBMÇ° SFWFOVFTÇ° EFDSFBTFEÇ° CZÇ° #BIUÇ° Ç° NJMMJPO Ç° UPUBMÇ° FYQFOTFTÇ° JODSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPO Ç°BOEÇ°JODPNFÇ°UBYÇ°FYQFOTFÇ°EFDSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPO

1. Analysis of operations 1.1 Operating results for the year ended September 30th, 2014 6OJU Ç°.JMMJPOÇ°#BIU

2014 3FWFOVFTÇ°GSPNÇ°TBMFTÇ°PSÇ°TFSWJDFTÇ° Aeronautical revenues Portion Non-aeronautical revenues Portion 0UIFSÇ°JODPNFÇ° Total revenues LessÇ°5PUBMÇ°FYQFOTFTÇ° ProĹłt before income tax expenses LessÇ°*ODPNFÇ°UBYÇ°FYQFOTFÇ° Net proĹłt for the period ProĹłt attributable to: Owners of the parent Ç° /PO DPOUSPMMJOHÇ°JOUFSFTUTÇ° Earnings per share (Baht

Ç° Ç°

2013

Ç° 21,893.08 58% 15,692.38 42% Ç° Ç°Ç° 3 ,77 .73 Ç° 1 ,26 . 7 Ç° 12,262.2

Ç° 21,979.58 60% 14,830.82 40% 41,672.26 21,226.27 16,3 6.7

12,22 .37 Ç° .

16,347.3 Ç° 11.44

Increase (decrease)

% YoY

Ç° (86.50)

Ç° Ç° (0.39)

861.56

5.81

Ç° (1, 1. 3

Ç° ( , 7.3

Ç° (4, 4.

Ç° (4. 6

Ç° Ç° (2 . 7

Ç° (2 . 3

(4,126.

Ç° (2.

(2 .2

Ç° Ç° (2 .26

/FUÇ°QSPĹłUÇ°GPSÇ°UIFÇ°ZFBSÇ°FOEFEÇ°4FQUFNCFSÇ° th Ç° Ç°XBTÇ°#BIUÇ° Ç°NJMMJPO Ç°*UÇ°EFDSFBTFEÇ°CZÇ°#BIUÇ° Ç° NJMMJPOÇ°PSÇ° Ç°DPNQBSJOHÇ°UPÇ°MBTUÇ°ZFBS Ç°3FWFOVFTÇ°GSPNÇ°TBMFTÇ°BOEÇ°TFSWJDFTÇ°JODSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°BTÇ°BÇ°SFTVMUÇ°PGÇ°BOÇ°JODSFBTFÇ°JOÇ°OPO BFSPOBVUJDBMÇ°SFWFOVFTÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°*OÇ°DPOUSBTU Ç°

BFSPOBVUJDBMÇ°SFWFOVFTÇ°TMJHIUMZÇ°EFDSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°CFDBVTFÇ°PGÇ°BÇ°TMPXEPXOÇ°JOÇ°OVNCFSÇ° PGÇ°QBTTFOHFSTÇ°HSPXUIÇ°BOEÇ°PUIFSÇ°JODPNFÇ°EFDSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°EVFÇ°UPÇ°BÇ°EFDSFBTFÇ°JOÇ° HBJOÇ°POÇ°GPSFJHOÇ°FYDIBOHFÇ°SBUFT Ç°5PUBMÇ°FYQFOTFTÇ°JODSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°5IFÇ°NBJOÇ°SFBTPOÇ° was a reversal of an impairment loss recognised in prior year and an increase in depreciation expenses in the DVSSFOUÇ°ZFBS Ç°)PXFWFS Ç°JODPNFÇ°UBYÇ°FYQFOTFÇ°EFDSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°EVFÇ°UPÇ°EFDSFBTFTÇ°JO QSPÅ³UÇ°BOEÇ°UIFÇ°UBYÇ°SBUFÇ°JOÇ°UIFÇ°DVSSFOUÇ°ZFBSÇ°GSPNÇ° Ç°UPÇ°

Ç° Ç°

Ç°

5IFÇ°EFUBJMFEÇ°BOBMZTJTÇ°PGÇ°FBDIÇ°UZQFÇ°PGÇ°SFWFOVFTÇ°BOEÇ°FYQFOTFTÇ°BSFÇ°BTÇ°GPMMPXT

8IFOÇ°DPOTJEFSJOHÇ°POMZÇ°QSPÅ³UÇ°GSPNÇ°PQFSBUJPOTÇ°UIBUÇ°FYDMVEJOHÇ°PUIFSÇ°JODPNFÇ°BOEÇ°FYQFOTFT Ç°"05Ç°IBEÇ°QSPÅ³UÇ°GSPNÇ° UIFÇ°PQFSBUJPOÇ°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPO Ç°*UÇ°EFDSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°DPNQBSJOHÇ° to last year.

1.2 Aeronautical Revenues 6OJU Ç°.JMMJPOÇ°#BIU

2014 -BOEJOHÇ°BOEÇ°QBSLJOHÇ°DIBSHFTÇ° 1BTTFOHFSÇ°TFSWJDFÇ°DIBSHFTÇ° "JSDSBGUÇ°TFSWJDFÇ°DIBSHFTÇ°Ç° Total

Ç° Ç° Ç° 21, 3.0

2013

Increase (decrease)

Ç° Ç° Ç° 21, 7 .

Ç° Ç° Ç° ( 6. 0

Ç° Ç° Ç° Ç° Ç° (0.3

% YoY

Passenger service charges Landing and parking charges Aircraft service charges

A portion of aeronautical revenues in each type in this year was similar to last year. The majority of aeronautical revenues were passenger service charges which decreased slightly in this period. Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç°

'PSÇ°UIFÇ°ZFBSÇ°FOEFEÇ°4FQUFNCFSÇ° th Ç° Ç°BFSPOBVUJDBMÇ°SFWFOVFTÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°EFDSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°DPNQBSJOHÇ°UPÇ°MBTUÇ°ZFBSÇ°EVFÇ°UPÇ°BÇ°EFDSFBTFÇ°JOÇ°QBTTFOHFSÇ°TFSWJDFÇ°DIBSHFTÇ°PGÇ°#BIUÇ° Ç° NJMMJPOÇ°PSÇ° Ç°5IJTÇ°XBTÇ°CFDBVTFÇ°BÇ°EFDSFBTFÇ°JOÇ°UIFÇ°OVNCFSÇ°PGÇ°JOUFSOBUJPOBMÇ°QBTTFOHFSTÇ° Ç°*OÇ°DPOUSBTU Ç° MBOEJOHÇ°BOEÇ°QBSLJOHÇ°DIBSHFTÇ°JODSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°BTÇ°BÇ°SFTVMUÇ°PGÇ°UIFÇ°OVNCFSÇ°PGÇ°Å´JHIUTÇ°BUÇ° BMMÇ° Ç°BJSQPSUTÇ°JODSFBTFEÇ°CZÇ° Part of landing and parking charges increased due to a reduction of a discount rate in the incentive program for MPXÇ°DPTUÇ°DBSSJFSTÇ°BUÇ°%.,Ç° EJTDPVOUÇ°SBUFÇ°XBTÇ°SFEVDFEÇ°GSPNÇ° Ç°UPÇ° Ç°BOEÇ°PUIFSÇ°QSPHSBNT Ç°"05Ç°IBTÇ°OPUÇ°ZFU adjusted the passenger service charges by maintaining at 700 Baht and 100 Baht per international passenger and domestic passenger, respectively.

1.3 Non-Aeronautical Revenues 6OJU Ç°.JMMJPOÇ°#BIU

2014 0GÅ³DFÇ°BOEÇ°TUBUFÇ°QSPQFSUZÇ°SFOUTÇ° 4FSWJDFÇ°SFWFOVFTÇ° $PODFTTJPOÇ°SFWFOVFTÇ°Ç° Total

Ç° Ç°Ç° Ç° Ç° 1 ,6 2.3

2013

Increase (decrease)

Ç° Ç° Ç° 14, 30. 2

Ç° Ç° Ç° 61. 6

% YoY Ç° Ç° Ç° Ç° Ç° Ç° . 1

Office and state property rents Service revenues Concession revenues

A portion of non-aeronautical revenues in each type in this year was similar to last year. The majority of nonaeronautical revenues were concession revenues. Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç°

'PSÇ°UIFÇ°ZFBSÇ°FOEFEÇ°4FQUFNCFSÇ° th Ç° Ç°OPO BFSPOBVUJDBMÇ°SFWFOVFTÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°JODSFBTFEÇ°CZÇ° #BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°DPNQBSJOHÇ°UPÇ°MBTUÇ°ZFBSÇ°EVFÇ°UPÇ°BOÇ°JODSFBTFÇ°JOÇ°DPODFTTJPOÇ°SFWFOVFTÇ°PGÇ°#BIUÇ° Ç° NJMMJPOÇ°PSÇ° Ç°5IFÇ°NBJOÇ°DBVTFÇ°XBTÇ°BOÇ°JODSFBTFÇ°JOÇ°SFWFOVFÇ°TIBSJOHÇ°SBUFÇ°FTQFDJBMMZÇ°SFWFOVFÇ°TIBSJOHÇ°GSPNÇ°EVUZÇ° GSFFÇ°TIPQTÇ°JODSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPO Ç°'VSUIFSNPSF Ç°TFSWJDFÇ°SFWFOVFTÇ°JODSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ° PSÇ° Ç°*ODSFBTFÇ°JOÇ°TFSWJDFÇ°SFWFOVFTÇ°XBTÇ°NBJOMZÇ°GSPNÇ°DBSÇ°QBSLÇ°SFWFOVFTÇ°#BIUÇ° Ç°NJMMJPO

1.4 Other income 6OJU Ç°.JMMJPOÇ°#BIU

2014 (BJOÇ°POÇ°GPSFJHOÇ°FYDIBOHFÇ° *OUFSFTUÇ°JODPNFÇ° 0UIFSTÇ° Total

Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç°Ç° 2,1 .27

2013 Ç° Ç° Ç° 4, 61. 6

Increase (decrease)

% YoY

Ç° Ç° Ç° (2,676.

Ç° Ç° Ç° Ç° Ç° ( .0

0UIFSÇ°JODPNFÇ°GPSÇ°UIFÇ°ZFBSÇ°FOEFEÇ°4FQUFNCFSÇ° th Ç° Ç°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°EFDSFBTFEÇ°CZÇ°#BIUÇ° Ç° NJMMJPOÇ°PSÇ° Ç°DPNQBSJOHÇ°UPÇ°MBTUÇ°ZFBS Ç°5IJTÇ°XBTÇ°BÇ°SFTVMUÇ°PGÇ°BÇ°EFDSFBTFÇ°JOÇ°HBJOTÇ°POÇ°GPSFJHOÇ°FYDIBOHFÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°5IFÇ°EFDSFBTFÇ°XBTÇ°QSJNBSJMZÇ°GSPNÇ°BÇ°DVSSFODZÇ°TXBQÇ°BHSFFNFOUÇ°UIBUÇ°"05Ç°FOUFSFEÇ°JOUP GPSÇ°PGGTIPSFÇ°CPSSPXJOHÇ°JOÇ° Ç°DBVTJOHÇ°HBJOTÇ°POÇ°FYDIBOHFÇ°SBUFTÇ°BUÇ°UIFÇ°EBUFÇ°PGÇ°UIFÇ°BHSFFNFOU Ç°'PSÇ°UIJTÇ°SFBTPO Ç° UPHFUIFSÇ°XJUIÇ°UIFÇ°HBJOÇ°GSPNÇ°FYDIBOHFÇ°SBUFÇ°USBOTMBUJPOÇ°BUÇ°UIFÇ°FOEÇ°PGÇ° Ç°UIFÇ°UPUBMÇ°HBJOÇ°POÇ°FYDIBOHFÇ°XPVMEÇ° CFÇ°#BIUÇ° Ç°NJMMJPO Ç°5IJTÇ°NBEFÇ°HBJOÇ°GSPNÇ°GPSFJHOÇ°FYDIBOHFÇ°SBUFÇ°PGÇ°QSJPSÇ°ZFBSÇ°IJHIFSÇ°UIBOÇ°UIFÇ°DVSSFOUÇ°ZFBSÇ° HBJOÇ°PGÇ°#BIUÇ° Ç°NJMMJPO

1.5 Total expenses 6OJU Ç°.JMMJPOÇ°#BIU

2014 &NQMPZFFÇ°CFOFÅ³UÇ°FYQFOTFTÇ° 6UJMJUJFTÇ°FYQFOTFTÇ° 0VUTPVSDJOHÇ°FYQFOTFTÇ° 3FQBJSTÇ° Ç°NBJOUFOBODFÇ° 4UBUFÇ°QSPQFSUZÇ°SFOUBMÇ° %FQSFDJBUJPOÇ°BOEÇ°BNPSUJTBUJPOÇ°FYQFOTFTÇ° Loss (reversal of loss) on impairment of Ç° BTTFUTÇ° -PTTÇ° HBJO Ç°POÇ°EJTQPTBMÇ°PGÇ°BTTFUTÇ° 0UIFSTÇ°FYQFOTFTÇ° 'JOBODJBMÇ°DPTUTÇ° Total Ç° Ç° Ç° Ç°

Ç° Ç°Ç° Ç° Ç°

2013

Increase (decrease)

% YoY

Ç° Ç° Ç°Ç° Ç° Ç°Ç° Ç° Ç°Ç° Ç° Ç°Ç° Ç° Ç°Ç°

Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç°Ç° Ç° Ç°Ç° Ç° Ç°Ç° Ç° Ç°Ç° 24, 01.76

Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç° Ç°Ç° 20,44 .

Ç° Ç° Ç° Ç° 4,0 .77

Ç° Ç° Ç° 1 . 4

'PSÇ°UIFÇ°ZFBSÇ°FOEFEÇ°4FQUFNCFSÇ° th Ç° Ç°UPUBMÇ°FYQFOTFTÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°JODSFBTFEÇ°CZÇ°#BIUÇ° NJMMJPOÇ°PSÇ° Ç°DPNQBSJOHÇ°UPÇ°MBTUÇ°ZFBS Ç°5IJTÇ°XBTÇ°NBJOMZÇ°EVFÇ°UPÇ°BÇ°SFWFSTBMÇ°PGÇ°BOÇ°JNQBJSNFOUÇ°MPTTÇ°POÇ°BTTFUTÇ° JOÇ°QSJPSÇ°ZFBSÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°BOEÇ°BOÇ°JODSFBTFÇ°JOÇ°EFQSFDJBUJPOÇ°BOEÇ°BNPSUJTBUJPOÇ°FYQFOTFTÇ°PGÇ°#BIUÇ° Ç° NJMMJPOÇ°CFDBVTFÇ°"05Ç°SFWFSTFEÇ°UIFÇ°JNQBJSNFOUÇ°MPTTÇ°PGÇ°BTTFUTÇ°BUÇ°%.,Ç°JOÇ°2 Ç°BOEÇ°EFQSFDJBUJPOÇ°SFDPHOJTFEÇ° of those assets in the current year. In addition, an increase in repairs and maintenance of Baht 274.47 million

Ç° Ç°

Ç°Ç° Ç°

because of repairing taxiway, runway and electrical equipment at Suvarnabhumi Airport. In contrast, employee CFOFÅ³UÇ°FYQFOTFTÇ°EFDSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°NBJOMZÇ°EVFÇ°UPÇ°BÇ°EFDSFBTFÇ°JOÇ°FNQMPZFFÄ´TÇ°CPOVT Ç°0UIFSÇ° FYQFOTFTÇ°EJEÇ°OPUÇ°TJHOJÅ³DBOUMZÇ°DIBOHFÇ°DPNQBSJOHÇ°UPÇ°MBTUÇ°ZFBS

Ç°

State property rental which was calculated as a percentage of revenue has changed in line with revenue from TBMFTÇ°BOEÇ°TFSWJDFTÇ°GPSÇ°UIFÇ°ZFBSÇ°FOEFEÇ°4FQUFNCFSÇ° th, 2014.

2. Analysis of financial position 5IFÇ°Å³OBODJBMÇ°QPTJUJPOÇ°BTÇ°BUÇ°4FQUFNCFSÇ° th, 2014 of AOT is as follows: 6OJU Ç°.JMMJPOÇ°#BIU

2014 5PUBMÇ°BTTFUTÇ° 5PUBMÇ°MJBCJMJUJFTÇ° 5PUBMÇ°TIBSFIPMEFSTÄ´Ç°FRVJUZÇ°

Ç°

Ç° Ç°Ç° Ç° Ç°

2013 Ç° Ç° Ç°

Increase (decrease)

% change

Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç°

5IFÇ° TJHOJÅ³DBOUÇ° DIBOHFTÇ° JOÇ° BTTFUT Ç° MJBCJMJUJFTÇ° BOEÇ° TIBSFIPMEFSTÄ´Ç° FRVJUZÇ° BTÇ° BUÇ° 4FQUFNCFSÇ° th, 2014 comparing to 4FQUFNCFSÇ° th Ç° Ç°BSFÇ°BTÇ°GPMMPXT 2.1 Analysis of assets

Ç° Ç°

5PUBMÇ° BTTFUTÇ° BTÇ° BUÇ° 4FQUFNCFSÇ° th Ç° Ç° XFSFÇ° #BIUÇ° Ç° NJMMJPO Ç° "OÇ° JODSFBTFÇ° PGÇ° UPUBMÇ° BTTFUTÇ° GSPNÇ° 4FQUFNCFSÇ° th Ç° Ç°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°JTÇ°EFUBJMFEÇ°CFMPX 6OJU Ç°.JMMJPOÇ°#BIU

2014 $VSSFOUÇ°BTTFUTÇ° *OWFTUNFOUÇ° Plant and equipment and assets under Ç° DPOTUSVDUJPOÇ° 0UIFSÇ°OPO DVSSFOUÇ°BTTFUTÇ° Total assets

Ç°

2013

Increase (decrease)

% change

Ç° Ç°

Ç° Ç° 153,7 . 4

Ç° Ç° 153,060. 5

Ç° Ç° 727.

0.4

$VSSFOUÇ°BTTFUTÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°JODSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°EVFÇ°UPÇ°BOÇ°JODSFBTFÇ°JOÇ°TIPSU UFSNÇ°JOWFTUNFOUTÇ°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°.BKPSJUZÇ°XBTÇ°GSPNÇ°BÇ°SFDMBTTJÅ³DBUJPOÇ°PGÇ°BÇ°EFQPTJUÇ°BUÇ°Å³OBODJBMÇ°JOTUJUVUJPOTÇ° due more than one year to balance due within one year. Other-current assets (i.e. trade accounts receivables, PUIFSÇ°SFDFJWBCMF Ç°JOWFOUPSJFTÇ°BOEÇ°TVQQMJFT Ç°EJEÇ°OPUÇ°DIBOHFÇ°TJHOJÅ³DBOUMZÇ°DPNQBSJOHÇ°UPÇ°QSJPSÇ°QFSJPE Ç°

Ç°Ç°

*OWFTUNFOUÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°EFDSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°5IJTÇ°DIBOHFÇ°XBTÇ°EVFÇ°UPÇ°B EFDSFBTFÇ°PGÇ°EFQPTJUÇ°BUÇ°Å³OBODJBMÇ°JOTUJUVUJPOTÇ°EVFÇ°NPSFÇ°UIBOÇ°POFÇ°ZFBSÇ°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°XIJDIÇ°XBTÇ°SFDMBTTJÅ³FEÇ° to short-term investments and paid for construction cost of terminal buildings at Suvarnabhumi Airport.

Ç° Ç°

1MBOUÇ°BOEÇ°FRVJQNFOUÇ°BOEÇ°BTTFUTÇ°VOEFSÇ°DPOTUSVDUJPOÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°JODSFBTFEÇ°CZÇ°#BIUÇ° Ç° NJMMJPOÇ°PSÇ° Ç°.BKPSJUZÇ°XBTÇ°GSPNÇ°BTTFUTÇ°BUÇ°4VWBSOBCIVNJÇ°"JSQPSU

Ç° Ç°

0UIFSÇ°OPO DVSSFOUÇ°BTTFUTÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°EFDSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°EVFÇ°UPÇ°BÇ°EFDSFBTFÇ° JOÇ°UIFÇ°WBMVFÇ°PGÇ°GPSXBSEÇ°DPOUSBDUTÇ°SFDPHOJTFEÇ°BTÇ°BTTFUÇ°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°5IFÇ°WBMVFÇ°PGÇ°GPSXBSEÇ°DPOUSBDUTÇ° recognised as assets due to exchange rates stated in the contracts were lower than closing exchange rates as at the end of the period. The decrease was primarily due to the appreciation of Thai Baht against Japanese Yen.

2.2 Analysis of liabilities Ç° Ç°

Ç° Ç°

5PUBMÇ°MJBCJMJUJFTÇ°BTÇ°BUÇ°4FQUFNCFSÇ° th Ç° Ç°XFSFÇ°#BIUÇ° Ç°NJMMJPO Ç°"Ç°EFDSFBTFÇ°PGÇ°UPUBMÇ°MJBCJMJUJFTÇ°GSPNÇ° 4FQUFNCFSÇ° th Ç° Ç°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°JTÇ°EFUBJMFEÇ°CFMPX 6OJU Ç°.JMMJPOÇ°#BIU

2014 $VSSFOUÇ°MJBCJMJUJFTÇ° -POH UFSNÇ°MPBOTÇ° 0UIFSÇ°OPO DVSSFOUÇ°MJBCJMJUJFTÇ° Total liabilities

Ç° Ç° Ç° 56,541.44

2013 Ç° Ç° Ç° 61,321.03

Increase (decrease)

% change

Ç° Ç° Ç° (4,77 .5

(7.7

Ç°

$VSSFOUÇ°MJBCJMJUJFTÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°EFDSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°EVFÇ°UPÇ°BÇ°EFDSFBTFÇ°JOÇ° MPOH UFSNÇ°MJBCJMJUJFTÇ°EVFÇ°XJUIJOÇ°POFÇ°ZFBSÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°BOEÇ°JODPNFÇ°UBYÇ°QBZBCMFÇ°PGÇ°#BIUÇ° Ç°NJMMJPO

Ç° Ç°

-POH UFSNÇ°MPBOTÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°EFDSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°EVFÇ°UPÇ°BÇ°SFQBZNFOUÇ° PGÇ°#BIUÇ° Ç°NJMMJPOÇ°BOEÇ°UIFÇ°FGGFDUÇ°GSPNÇ°GPSFJHOÇ°FYDIBOHFÇ°SBUFT Ç°

Ç° Ç° Ç°

Ç° Ç°

Ç°

0UIFSÇ°OPO DVSSFOUÇ°MJBCJMJUJFTÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°JODSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°EVFÇ°UPÇ°BOÇ° JODSFBTFÇ°JOÇ°UIFÇ°MPOH UFSNÇ°QSPWJTJPOÇ°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°5IJTÇ°JODMVEFEÇ°BÇ°QSPWJTJPOÇ°PGÇ°DPNQFOTBUJPOÇ°GPSÇ°OPJTFÇ° QPMMVUJPOÇ°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°5IFÇ°$BCJOFU Ç°POÇ°0DUPCFSÇ° th Ç° Ç°BQQSPWFEÇ°GPSÇ°"05Ç°UPÇ°DPOTFOUÇ°UPÇ°UIFÇ°CBTJTÇ° of extend the timeframe of compensation for noise pollution resulting from the operations of Suvarnabhumi "JSQPSUÇ°GPSÇ°CVJMEJOHTÇ°DPOTUSVDUFEÇ°TJODFÇ° Ç°UPÇ°XIFOÇ°JUÇ°CFHBOÇ°PQFSBUJPOÇ°POÇ°4FQUFNCFSÇ° th, 2006. In addition, MJBCJMJUZÇ°SFDPHOJTFEÇ°VOEFSÇ°UIFÇ°GPSXBSEÇ°DPOUSBDUTÇ°JODSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°CFDBVTFÇ°FYDIBOHFÇ°SBUFTÇ°JO the forward contracts were higher than the closing rates. The increase was primarily due to the appreciation PGÇ°5IBJÇ°#BIUÇ°BHBJOTUÇ°+BQBOFTFÇ°:FO Ç°0UIFSÇ°OPO DVSSFOUÇ°MJBCJMJUJFTÇ°EJEÇ°OPUÇ°DIBOHFÇ°TJHOJÅ³DBOUMZÇ°DPNQBSJOHÇ°UPÇ°QSJPSÇ° period.

2.3 Analysis of shareholdersâ&#x20AC;&#x2122; equity Ç° Ç° Ç°

Ç° Ç° Ç°

5IFÇ°UPUBMÇ°TIBSFIPMEFSTÄ´Ç°FRVJUZÇ°BTÇ°BUÇ°4FQUFNCFSÇ° th Ç° Ç°XBTÇ°#BIUÇ° Ç°NJMMJPO Ç°*UÇ°JODSFBTFEÇ°CZÇ°#BIUÇ° Ç°NJMMJPOÇ°PSÇ° Ç°GSPNÇ°UPUBMÇ°DPNQSFIFOTJWFÇ°JODPNFÇ°GPSÇ°UIFÇ°ZFBSÇ°FOEFEÇ°4FQUFNCFSÇ° th, 2014 Baht Ç°NJMMJPOÇ°EFEVDUFEÇ°EJWJEFOEÇ°QBZNFOUÇ°#BIUÇ° Ç°NJMMJPO

3. Analysis of liquidity Ç°

"TÇ°BUÇ°4FQUFNCFSÇ° th Ç° Ç°DBTIÇ°BOEÇ°DBTIÇ°FRVJWBMFOUTÇ°XFSFÇ°#BIUÇ° Ç°NJMMJPO Ç°*UÇ°JODSFBTFEÇ°GSPNÇ°4FQUFNCFSÇ° th Ç° Ç°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°BTÇ°EFUBJMFEÇ°CFMPX Ç° 6OJU Ç°.JMMJPOÇ°#BIU

2014 $BTIÇ°Å´PXTÇ°GSPNÇ°PQFSBUJOHÇ°BDUJWJUJFTÇ° $BTIÇ°Å´PXTÇ°GSPNÇ°JOWFTUJOHÇ°BDUJWJUJFTÇ° $BTIÇ°Å´PXTÇ°GSPNÇ°Å³OBODJOHÇ°BDUJWJUJFTÇ° Net increase in cash and cash equivalents $BTIÇ°BOEÇ°DBTIÇ°FRVJWBMFOUTÇ°BUÇ°UIFÇ°CFHJOOJOHÇ°PGÇ°UIFÇ°ZFBSÇ° $BTIÇ°BOEÇ°DBTIÇ°FRVJWBMFOUTÇ°BUÇ°UIFÇ°FOEÇ°PGÇ°UIFÇ°ZFBSÇ°

424.61

5IFÇ°DIBOHFÇ°JOÇ°DBTIÇ°BOEÇ°DBTIÇ°FRVJWBMFOUTÇ°GPSÇ°UIFÇ°ZFBSÇ°FOEFEÇ°4FQUFNCFSÇ° th Ç° Ç°DBOÇ°CFÇ°BOBMZTFEÇ°BTÇ°CFMPX Ç°

$BTIÇ°HFOFSBUFEÇ°GSPNÇ°PQFSBUJOHÇ°BDUJWJUJFTÇ°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°*UÇ°SFTVMUFEÇ°GSPNÇ°BOÇ°PQFSBUJPOÇ°PGÇ°UIFÇ°DVSSFOU period.

Ç° Ç°

$BTIÇ°VTFEÇ°JOÇ°JOWFTUJOHÇ°BDUJWJUJFTÇ°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°*UÇ°SFTVMUFEÇ°GSPNÇ°JOWFTUNFOUÇ°JOÇ°QSPQFSUZÇ°QMBOUÇ°BOEÇ°FRVJQNFOUÇ° BOEÇ°BTTFUÇ°VOEFSÇ°DPOTUSVDUJPOÇ°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°5IFÇ°NBKPSJUZÇ°PGÇ°BTTFUTÇ°XFSFÇ°4VWBSOBCIVNJÇ°"JSQPSU Ç°

Ç° Ç° Ç°

$BTIÇ°VTFEÇ°JOÇ°Å³OBODJOHÇ°BDUJWJUJFTÇ°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°*UÇ°SFTVMUFEÇ°GSPNÇ°EJWJEFOEÇ°QBZNFOUÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ° BOEÇ°BÇ°TFUUMFNFOUÇ°PGÇ°MPBOÇ°BOEÇ°JOUFSFTUÇ°PGÇ°MPOH UFSNÇ°MPBOTÇ°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°5IFÇ°BOOVBMÇ°EJWJEFOEÇ°PGÇ° Ç°BUÇ° Ç°#BIUÇ°QFSÇ°TIBSFÇ°JODSFBTFEÇ°GSPNÇ°QSJPSÇ°ZFBSÇ°XIJDIÇ°XBTÇ° Ç°#BIUÇ°QFSÇ°TIBSF

4. Ratio analysis 2014 ProĹłtability ratio 3BUJPÇ°PGÇ°QSPĹłUÇ°GSPNÇ°PQFSBUJPOTÇ°UPÇ°SFWFOVFÇ°GSPNÇ°PQFSBUJPOTÇ° Ç° 3FUVSOÇ°POÇ°FRVJUZÇ° 30& Ç° Ç° 3FUVSOÇ°POÇ°UPUBMÇ°BTTFUTÇ° 30" Ç° Ç°

Ç° Ç° Ç° 2014

Financial structure and liability ratio %FCUÇ°UPÇ°FRVJUZÇ°SBUJPÇ° 5JNF Ç° -JRVJEJUZÇ°SBUJPÇ° 5JNF Ç°

Ç° Ç° Ç° Ç°

Ç° Ç°

2013 Ç° 2013

"05Ç°IBTÇ°NBEFÇ°QSPĹłUÇ°DPOUJOVPVTMZÇ°CVUÇ°JUÇ°TMJHIUMZÇ°EFDSFBTFEÇ°DPNQBSJOHÇ°UPÇ°UIFÇ°TBNFÇ°QFSJPEÇ°MBTUÇ°ZFBS Ç°5IJTÇ°XBTÇ°TIPXOÇ° CZÇ° UIFÇ° SBUJPÇ° PGÇ° QSPĹłUÇ° GSPNÇ° PQFSBUJPOTÇ° UPÇ° SFWFOVFÇ° GSPNÇ° PQFSBUJPOTÇ° EFDSFBTFEÇ° CZÇ° Ç° UIFÇ° SFUVSOÇ° POÇ° FRVJUZÇ° EFDSFBTFEÇ°CZÇ° Ç°BOEÇ°UIFÇ°SFUVSOÇ°POÇ°UPUBMÇ°BTTFUTÇ°EFDSFBTFEÇ°CZÇ° Ç°5IJTÇ°XBTÇ°CFDBVTFÇ°PGÇ°BÇ°EFDSFBTFÇ°JOÇ°OFU QSPĹłUÇ°JOÇ°UIFÇ°DVSSFOUÇ°QFSJPE Ç°)PXFWFS Ç°"05Ç°XBTÇ°BCMFÇ°UPÇ°NBJOUBJOÇ°JUTÇ°ĹłOBODJBMÇ°TUSVDUVSFÇ°CZÇ°IBWJOHÇ°EFCUÇ°UPÇ°FRVJUZÇ°SBUJPÇ° less than 1 time and liquidity ratio exceeding 2 times.

5. Factors affecting future operation $POUJOVFEÇ°HSPXUIÇ°JOÇ°BJSÇ°USBGĹłDÇ°WPMVNFTÇ°JTÇ°MJLFMZÇ°UPÇ°SFUVSOÇ°UPÇ°OPSNBMÇ°BTÇ°UIFÇ°EPNFTUJDÇ°QPMJUJDBMÇ°TJUVBUJPOÇ°TFUUMFTÇ°EPXO Ç° Further economic growth should also be seen as some of the Governmentâ&#x20AC;&#x2122;s large investment projects take hold. At the same time, tourism industry sectors are expanding, and this too will increase the demand for air travel. AOT is responsible for managing the airport infrastructure at its six international airports, so the development of Ç°Ç° UIFTFÇ°JOGSBTUSVDUVSFTÇ°JTÇ°BÇ°IJHIÇ°QSJPSJUZÇ°UPÇ°TVQQPSUÇ°BJSÇ°USBGĹłDÇ°WPMVNFTÇ°BTÇ°UIFZÇ°JODSFBTF Ç°5IFÇ°QVSQPTFÇ°JTÇ°UPÇ°FOIBODFÇ°UIF airportsâ&#x20AC;&#x2122; capabilities in support of demand and boost competition in the region of the Asian Economic Community. Ç° "05Ç°JTÇ°EFWFMPQJOHÇ°4VWBSOBCIVNJÇ°"JSQPSUÇ° ĹłTDBMÇ°ZFBSTÇ° Ç°UPÇ° Ç°1IVLFUÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° ĹłTDBMÇ°ZFBSTÇ° Ç° to 2014), and the renovation of the terminal building at Don Mueang International Airport. AOT is also developing the quality of airport services to bring them up to international standards to promote Thailand as a centre for regional aviation, tourism destination, and a leader for regional air cargo.

Business Characters

AOT is the operator of the airport business in Thailand, the core tasks of which are airport management and development of the countryâ&#x20AC;&#x2122;s 6 international airports, namely Suvarnabhumi, Don Mueang, Chiang Mai, Mae Fah Luang-Chiang Rai, Phuket and Hat Yai. All 6 serve both domestic BOEÇ°JOUFSOBUJPOBMÇ°Ĺ´JHIUTÇ°XJUIÇ°4VWBSOBCIVNJÇ°EFTJHOBUFEÇ°BTÇ°UIFÇ°DPVOUSZÄ´TÇ°NBJOÇ°BJSQPSU Ç°4VWBSOBCIVNJÇ° Airport commenced operations on 28 September 2006 and is designed for continual passenger growth. The airport has the capacity to accommodate 45 million passengers a year, facilitate 3 NJMMJPOÇ°UPOTÇ°PGÇ°GSFJHIUÇ°BÇ°ZFBSÇ°BOEÇ°TFSWFÇ° Ç°Ĺ´JHIUTÇ°QFSÇ°IPVS AOTâ&#x20AC;&#x2122;s operating revenues are generated by 2 major sources: aeronautical and non-aeronautical SFWFOVFT Ç° 5IFÇ° BFSPOBVUJDBMÇ° SFWFOVFÇ° JTÇ° SFMFWBOUÇ° UPÇ° BJS USBGĹłDÇ° NPWFNFOUT Ç° TVDIÇ° BTÇ° MBOEJOHÇ° BOEÇ° parking charges, passenger service charge and aircraft service charges. The non-aeronautical SFWFOVFÇ°JTÇ°JOEJSFDUMZÇ°SFMFWBOUÇ°UPÇ°BJS USBGĹłDÇ°NPWFNFOUTÇ°BOEÇ°JODMVEFTÇ°PGĹłDFÇ°BOEÇ°TUBUFÇ°QSPQFSUZÇ°SFOUT Ç° service revenues and concession revenues. AOT is a shareholder in 8 companies that provide services and products related to AOT business. It holds 1.50% - 60.00% of the registered capital of those companies, totaling 880.05 million Baht in total investment. AOT holds stake in 7 associated companies (in which it holds less than 50% stake) and one subsidiary (in which it holds more than 50%) which is Suvarnabhumi Airport Hotel Company Limited. Details are as follows:

"05Ä´TÇ°4VCTJEJBSJFTÇ°BOEÇ°"TTPDJBUFEÇ°$PNQBOJFTÇ°BTÇ°PGÇ° Ç°4FQUFNCFSÇ° Company

Type of business

Percentage of shareholding (%)

Suvarnabhumi Airport Hotel Company Limited

Hotel business

60.00

Airport Duty Free Company Limited

Duty free retail shops

10.00

Thai Aviation Refuelling Company Limited

Hydrant dispenser aircraft refueling service

10.00

Phuket Air Catering Company Limited

Catering service

10.00

%POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°)PUFMÇ°$PNQBOZÇ°Ç° Limited

)PUFMÇ°NBOBHFNFOUÇ°BOEÇ°PQFSBUJPOTÇ° at airport

#BOHLPLÇ°"WJBUJPOÇ°'VFMÇ°4FSWJDFÇ°1VCMJDÇ°$PNQBOZÇ°-JNJUFEÇ° "WJBUJPOÇ°GVFMÇ°TVQQMJFTÇ°

5SBEFÇ°4JBNÇ°$PNQBOZÇ°-JNJUFEÇ°

&MFDUSPOJDTÇ°JOGPSNBUJPOÇ°FYDIBOHFÇ°TFSWJDFÇ°

5IBJÇ°"JSQPSUÇ°(SPVOEÇ°4FSWJDFTÇ°$PNQBOZÇ°-JNJUFEÇ°

$BSHPÇ°EFQPUÇ°TFSWJDF Ç°TFSWJDFÇ°JOÇ°BJSDSBGUÇ°Ç° parking area, aircraft maintenance service

Market Situation, Industry Trend and Future Market Competition The governmentâ&#x20AC;&#x2122;s policy to develop Thailandâ&#x20AC;&#x2122;s airports and, in particular, turn Suvarnabhumi Airport into a hub of aviation, tourism and air-cargo transportation for Asia and the world, combined with the Tourism Authority of Thailandâ&#x20AC;&#x2122;s proactive policy to attract tourist visitors from new markets, the joint agreement of ASEAN countries on GSFFEPNTÇ°PGÇ°UIFÇ°BJSÇ°QPMJDZÇ°BOEÇ°HSFBUFSÇ°Ĺ´FYJCJMJUZÇ°PGÇ°SVMFTÇ° and regulations on air transport will undoubtedly drive HSPXUIÇ°JOÇ°BJSÇ°USBGĹłDÇ°NPWFNFOUT With regard to the future trends, the Airports Council International (ACI) has forecasted that the number of passengers XPSMEXJEFÇ°PWFSÇ°UIFÇ°OFYUÇ° Ç°ZFBSTÇ° Ç° Ç° Ç°XJMMÇ°HSPXÇ° by an average of 4.2% annually. With many Asian countries starting to develop air transport and the fast-growing economies of both China and India, the number of Asia1BDJĹłDÇ°QBTTFOHFSTÇ°JTÇ°FYQFDUFEÇ°UPÇ°FOKPZÇ°UIFÇ°IJHIFTUÇ°HSPXUIÇ° SBUFÇ°JOÇ°UIFÇ°XPSMEÇ°XJUIÇ°BOÇ°BWFSBHFÇ°JODSFBTFÇ°PGÇ° Ç°BOOVBMMZ The aviation liberalisation policy and the growth of international economy and trade are also serving as catalysts for low-cost airlines to operate domestic and international Ĺ´JHIUT Ç°"TÇ°BÇ°SFTVMU Ç°UIFÇ°BWJBUJPOÇ°JOEVTUSZÇ°IBTÇ°FOKPZFEÇ°SBQJEÇ°

growth in terms of both the number of airlines and the GSFRVFODZÇ° PGÇ° Ĺ´JHIUT Ç° *UÇ° JTÇ° FYQFDUFEÇ° UIBUÇ° UIFÇ° FYQBOEJOHÇ° moderate-income populations of China and India will drive the growth of low-cost carriers in the future. AOT has therefore developed a new strategy by positioning Don Mueang International Airport to serve the low-cost carriers BOEÇ°QPJOU UP QPJOUÇ°Ĺ´JHIUT Ç°.PSFPWFS Ç°OFXÇ°JOOPWBUJPOTÇ°BOEÇ° UFDIOPMPHJFTÇ°JOÇ°BJSDSBGUÇ°NBOVGBDUVSJOHÇ°TVDIÇ°BTÇ°UIFÇ°" Ç°XJMMÇ° FOIBODFÇ°FGĹłDJFODZÇ°PGÇ°UIFÇ°FOUJSFÇ°BJSÇ°USBOTQPSUÇ°TZTUFN Ç°SFEVDFÇ° DPTUTÇ°BOEÇ°TIPSUFOÇ°Ĺ´JHIUÇ°UJNF Ç°XJUIÇ°BJSMJOFTÇ°BCMFÇ°UPÇ°PQFSBUFÇ° EJSFDUÇ°Ĺ´JHIUTÇ°UPÇ°WBSJPVTÇ°EFTUJOBUJPOTÇ°XJUIPVUÇ°TUPQPWFST Ç°5IJTÇ° creates new routes and higher competitiveness. Thanks to cheaper air fares, more people have access to the air transport service. Communication technology has also been rapidly developed, enabling travellers to conveniently search for tourist destinations and business areas as needed. Airline USBWFMMFSTÇ°BSFÇ°BCMFÇ°UPÇ°CPPLÇ°Ĺ´JHIUTÇ°RVJDLMZÇ°CZÇ°UIFNTFMWFTÇ° with cheaper ticket prices. As a result, leading international airports worldwide have plans to improve and expand their facilities to better address the rapid expansion of the air transport industry today and in the future.

Risk Management AOT places great importance on risk management and therefore provides for risk management structure according to the good corporate governance principle. Roles and responsibilities of each CVTJOFTT EJWJTJPO EFQBSUNFOUÇ°IBWFÇ°CFFOÇ°DMFBSMZÇ°EFĹłOFE Ç°3JTLÇ°NBOBHFNFOUÇ°QSPDFTTÇ°JTÇ°JOÇ°QMBDFÇ° covering all risk factors according to the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the State Enterprise Performance Appraisal (SEPA) guidelines, including TUSBUFHJDÇ°SJTL Ç°ĹłOBODJBMÇ°SJTL Ç°PQFSBUJPOÇ°SJTLÇ°BOEÇ°DPNQMJBODFÇ°SJTL "05Ç°IBTÇ°QVUÇ°JOÇ°QMBDFÇ°BÇ°3JTLÇ°.BOBHFNFOUÇ°'SBNFXPSLÇ°DPNQSJTJOHÇ° Ç°LFZÇ°QJMMBSTÇ°BTÇ°GPMMPXT

1. Risk Governance 1.1 Risk Management Committee: The committee is responsible for setting a policy and a framework for risk management as well as making recommendations to AOT Board and executives on corporate risk management. 1.2 AOTâ&#x20AC;&#x2122;s Risk Management Working Group: Chaired by the AOT President, the working group members comprise Senior Executive Vice President for Strategy as the deputy chairman, the Senior Executive Vice President of each business, Company Secretary, Executive Vice President for each business, General Managers of Suvarnabhumi Airport, Don Mueang International Airport and Phuket International Airport.The Director of Risk Management Department serves as a member and the secretary of the Working Group. Ç°

Ç° "05Ç° *OUFSOBMÇ° $POUSPMÇ° BOEÇ° 3JTLÇ° .BOBHFNFOUÇ° 8PSLJOHÇ° (SPVQÇ° GPSÇ° CVTJOFTT EJWJTJPO Suvarnabhumi Airport, Don Mueang International Airport and Phuket International Airport: The Senior Executive Vice President of each business, Corporate Secretary, Executive Vice President of each division and General Managers of Suvarnabhumi Airport, Don Mueang International Airport and Phuket International Airport serve as the Working Groupâ&#x20AC;&#x2122;s members with the Directors of Departments under the Working Groupâ&#x20AC;&#x2122;s chairman responsibility as the members. 1.4 Internal Control System and Risk Management Working Group of AOT/Chiang Mai International Airport/ Mae Fah Luang-Chiang Rai International Airport and Hat Yai International Airport: General Managers of airports and Directors of Departments of AOT chair the Working Group with Directors of Divisions under the Groupâ&#x20AC;&#x2122;s Chairpersons as members. The Working Group is responsible for risk management and internal control for related departments and airports.

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2. Risk Management Infrastructure 2.1 Risk Management Policies 2.2 Risk Map Ç°

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3. Risk Management Process Ç°

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4. Potential Risk Factors and Risk Management Measures in the fiscal year 2014 4.1 Runway and taxiway might be unable to facilitate aircraft due to imperfect pavement. Ç° Ç° Ç° Ç° Ç°Ç° Ç° Ç°

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*OÇ°UIFÇ°Å³TDBMÇ°ZFBSÇ° Ç°4VWBSOBCIVNJÇ°"JSQPSUÇ°IBOEMFEÇ° Ç°Å´JHIUT Ç°BOÇ°JODSFBTFÇ°PGÇ° Ç°PWFSÇ°UIFÇ°Å³TDBMÇ° ZFBSÇ° Ç°"OÇ°VQXBSEÇ°USFOEÇ°JOÇ°GVUVSFÇ°BJSÇ°USBGÅ³DÇ°NPWFNFOUÇ°JTÇ°FWJEFOUÇ°BTÇ°BÇ°SFTVMUÇ°PGÇ°UIFÇ°UPVSJTNÇ°JOEVTUSZÄ´TÇ°HSPXUI Ç° 5IFÇ°6OJUFEÇ°/BUJPOTÇ°8PSMEÇ°5PVSJTNÇ°0SHBOJ[BUJPOÇ° 6/850 Ç°GPSFDBTUTÇ°UIBUÇ°UIFÇ°XPSMEÄ´TÇ°BWFSBHFÇ°FYQBOTJPOÇ°JOÇ°UPVSJTUÇ° WPMVNFÇ°EVSJOHÇ° Ç° Ç° Ç°JTÇ° Ç°QFSÇ°BOOVNÇ°PSÇ° Ç°NJMMJPOÇ°USBWFMFSTÇ°QFSÇ°BOOVN Ç°*UÇ°JTÇ°GPSFDBTUFEÇ°UIBUÇ°XJUIJO Ç°UIFÇ°OVNCFSÇ°PGÇ°UPVSJTUTÇ°XJMMÇ°CFÇ°BTÇ°IJHIÇ°BTÇ° Ç°NJMMJPO Ç°*OÇ°5IBJMBOE Ç°UIFSFÇ°JTÇ°BOÇ°VQXBSEÇ°USFOEÇ°GPSÇ°UPVSJTUÇ° BSSJWBMTÇ°XJUIÇ°BÇ°GPSFDBTUÇ°PGÇ° Ç°NJMMJPOÇ°WJTJUPSTÇ°CZÇ° Ç° Ç°PGÇ°XIJDIÇ°USBWFMÇ°CZÇ°BJS Ç°"TÇ°BJSÇ°USBGÅ³DÇ°WPMVNFÇ°DPOUJOVFTÇ° UPÇ°HSPXÇ°TJHOJÅ³DBOUMZ Ç°JUÇ°JTÇ°MJLFMZÇ°UPÇ°BGGFDUÇ°UIFÇ°TVSGBDFÇ°DPOEJUJPOÇ°PGÇ°SVOXBZTÇ°BOEÇ°UBYJXBZT

However, AOT has prepared an additional risk management plan to tackle the problems of runways and taxiways BUÇ° 4VWBSOBCIVNJÇ° "JSQPSU Ç° 5IFÇ° QMBOÇ° JTÇ° EJWJEFEÇ° JOUPÇ° Ç° QIBTFT Ç° BÇ° TIPSU UFSNÇ° QMBOÇ° GPSÇ° FNFSHFODZÇ° SFTUPSBUJPOÇ° TVDIÇ°BTÇ°BTQIBMUÇ°QBWJOHÇ°UISPVHIÇ°Å³YFEÇ°QSJDFÇ°QVSDIBTFÇ°BHSFFNFOUÇ°XJUIPVUÇ°WPMVNFÇ°MJNJU Ç°BÇ°NFEJVN UFSNÇ°QMBOÇ°GPSÇ° providing an Asphalt Mixing Plant, and a long-term plan to replace asphalt pavement materials with concrete. In addition, AOT has also put in place a restoration plan in accordance with the guidelines of AOT Board of Directors.

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Ç° "05Ç°NBZÇ°GBJMÇ°UPÇ°DPSSFDUÇ°Å³OEJOHTÇ°PGÇ°UZQFÇ° Ç° UIBUÇ°UIFÇ°BJSQPSUÇ°NVTUÇ°NBLFÇ°JNNFEJBUFÇ°DPSSFDUJPOÇ°BOEÇ°DPNQMFUFÇ°UIFÇ° Ç° XPSLÇ° CFGPSFÇ° SFDFJWJOHÇ° UIFÇ° BFSPESPNFÇ° DFSUJÅ³DBUF Ç° BDDPSEJOHÇ° UPÇ° UIFÇ° TUBOEBSETÇ° TFUÇ° CZÇ° UIFÇ° HPWFSONFOUÇ° BOEÇ° Ç° *OUFSOBUJPOBMÇ°$JWJMÇ°"WJBUJPOÇ°0SHBOJ[BUJPOÇ°XJUIJOÇ°UIFÇ°Å³TDBMÇ°ZFBSÇ° Ç° An airport must be supervised and checked for safety and security according to the standards and regulations of the Civil Aviation Department. This is implemented within the core operational framework in order to be DFSUJÅ³FEÇ°GPSÇ°QIZTJDBMÇ°BOEÇ°BJSÇ°USBOTQPSUÇ°GBDJMJUZÇ°TUBOEBSEÇ°JOÇ°DPNQMJBODFÇ°XJUIÇ°UIFÇ°HPWFSONFOUÄ´TÇ°SFRVJSFNFOUTÇ°BOEÇ° BFSPESPNFÇ°NBOVBM Ç°"JSQPSUTÇ°NVTUÇ°BMTPÇ°IBWFÇ°JOÇ°QMBDFÇ°BJSQPSUÇ°TBGFUZÇ°TZTUFNÇ°NBOBHFNFOUÇ°BOEÇ°DFSUJÅ³FEÇ°BJSQPSUÇ° manager and safety system.

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"TÇ°BOÇ°BJSQPSUÇ°NBOBHFS Ç°"05Ç°IBTÇ°TFUÇ°TUSBUFHJDÇ°PCKFDUJWFTÇ°BDDPSEJOHÇ°UPÇ°JUTÇ°DPSQPSBUFÇ°QMBOÇ°GPSÇ°UIFÇ°Å³TDBMÇ°ZFBSÇ° Ç° Ç° Ç°UIBUÇ°JTÇ°Ä¶5PÇ°CFÇ°DFSUJÅ³FEÇ°BTÇ°QVCMJDÇ°BJSQPSUTÇ°XJUIJOÇ° Ä· Ç°*OÇ°UIFÇ°Å³TDBMÇ° Ç°"05Ç°FODPVSBHFEÇ°BMMÇ°UIFÇ°BJSQPSUTÇ° under its supervision to improve and ensure they have the quality required by the government by putting in QMBDFÇ°UIPSPVHIÇ°SJTLÇ°DPOUSPMÇ°NFBTVSFTÇ°UPÇ°TPMWFÇ°UIFÇ°UZQFÇ° Ç°Å´BXT Ç°TQFFEJOHÇ°VQÇ°BOEÇ°NPOJUPSJOHÇ°PQFSBUJPOTÇ°PGÇ° internal and external concerned units related to solving the type 1 problems to have them been completed XJUIJOÇ°UIFÇ°Å³TDBMÇ°ZFBSÇ° AOTâ&#x20AC;&#x2122;s airport operations have faced many external challenges in 2014, including

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Ä»Ç° .POJUPSÇ° FQJEFNJDÇ° CZÇ° 4VWBSOBCIVNJÇ° "JSQPSUÇ° BOEÇ° BJSQPSUÇ° IFBMUIÇ° DPOUSPMÇ° PGÅ³DFÇ° CZÇ° JOTUBMMJOHÇ° Ç° UIFSNPTDBOÇ° Ç° VOJUTÇ°BUÇ°$PODPVSTFÇ°& Ç°JOUFSOBUJPOBMÇ°BSSJWBMÇ°IBMMÇ°BOEÇ°USBOTJUÇ°BSFBÇ°BOEÇ°NPSFÇ°UIBOÇ° Ç°IBOEÇ°XBTIÇ°HFMÇ°VOJUTÇ°JOÇ°UIF passenger terminal and concourses.

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Ä»Ç° 3FWJFXÇ°BOEÇ°JNQSPWFÇ°UIFÇ°#VTJOFTTÇ°$POUJOVJUZÇ°1MBOÇ° #$1 Ç°BUÇ°UIFÇ°"05Ç°IFBERVBSUFSTÇ°BOEÇ° Ç°BJSQPSUTÇ°VOEFSÇ°JUTÇ° supervision to prepare for any impacts caused by disastrous incidents that may interrupt AOTâ&#x20AC;&#x2122;s operations. This enables AOT to be well prepared for any emergency, be able to reduce direct and indirect damages and to resume normal services as soon as possible.

4.4 Fluctuation of foreign exchange rates Ç°

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*OÇ°BOÇ°FGGPSUÇ°UPÇ°NJUJHBUFÇ°SJTLÇ°GSPNÇ°UIFÇ°Å´VDUVBUJPOÇ°JOÇ°GPSFJHOÇ°DVSSFODZÇ°FYDIBOHFÇ°SBUFTÇ°JOÇ° Ç°"05Ç°IBTÇ°NBOBHFEÇ° risk for the yen currency it obtained from Japan International Cooperation Agency (JICA) for Suvarnabhumi "JSQPSUÇ°%FWFMPQNFOUÇ°1SPKFDUÇ°QIBTFÇ° Ç°"UÇ°QSFTFOUÇ° Ç°PGÇ°UIFÇ°UPUBMÇ°EFCUTÇ°IBTÇ°BMSFBEZÇ°CFFOÇ°QSPUFDUFEÇ°BHBJOTUÇ° TVDIÇ°SJTL Ç°MFBWJOHÇ° Ç°NJMMJPOÇ°ZFOÇ°VOQSPUFDUFE Ç°"05Ç°BTTJHOFEÇ°UIFÇ°3JTLÇ°.BOBHFNFOUÇ°4VCDPNNJUUFF Ç°DIBJSFEÇ° by director of AOT Board with external specialists as members, to oversee and formulate international risk NBOBHFNFOUÇ°QPMJDZÇ°BOEÇ°DMPTFMZÇ°NPOJUPSÇ°GPSFJHOÇ°FYDIBOHFÇ°Å´VDUVBUJPOÇ°UPÇ°FOTVSFÇ°UIBUÇ°UIFÇ°SJTLÇ°NBOBHFNFOUÇ°GPSÇ° UIFÇ°SFNBJOJOHÇ°JOUFSOBUJPOBMÇ°EFCUTÇ°BSFÇ°QSPQFSMZÇ°NBOBHFEÇ°JOÇ°BDDPSEBODFÇ°XJUIÇ°"05Ä´TÇ°Å³OBODJBMÇ°TJUVBUJPO

5. Significant factors affecting AOTâ&#x20AC;&#x2122;s operations in the future Ç°

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As the Ministry of Finance is the major shareholder of AOT with 70% stake and take a role in supporting the governmentâ&#x20AC;&#x2122;s policy to develop and manage Thailandâ&#x20AC;&#x2122;s main airports, therefore, when governmentâ&#x20AC;&#x2122;s policy is DIBOHFEÇ°BDDPSEJOHÇ°UPÇ°QPMJUJDBMÇ°TJUVBUJPO Ç°"05Ç°DPVMEÇ°OPUÇ°TFUÇ°DMFBSÇ°BOEÇ°FGÅ³DJFOUÇ°BJSQPSUÇ°PQFSBUJPOBOEÇ°EFWFMPQNFOUÇ° plans.

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Shareholding Structure and Management Capital Structure of AOT "05Ç°IBTÇ°BÇ°SFHJTUFSFEÇ°DBQJUBMÇ°PGÇ° Ç°#BIUÇ°XJUIÇ°BÇ°UPUBMÇ°PGÇ° Ç°PSEJOBSZÇ°TIBSFT Ç° at fully paid up and a par share value of 10 Baht each.

Shareholders Major Shareholders as of 4 April 2014 Airports of Thailand Public Company Limited No. 1

Name/Last Name MINISTRY OF FINANCE

Number of Shares Percentage of Total Shares 1,000,000,000

70.000

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Ministry of Finance holds 70 percent stake in AOTâ&#x20AC;&#x2122;s total shares. Therefore, AOT is considered a state enterprise whose status affects AOT in some transactions such as: 1. AOT has to receive approval from the Cabinet for large-scale investment projects. Ç° 5IFÇ°0GÅ³DFÇ°PGÇ°"VEJUPSÇ°(FOFSBMÇ°IBTÇ°UPÇ°BVEJUÇ°"05Ä´TÇ°Å³OBODJBMÇ°TUBUFNFOUT

Proportion of Shareholding Proportion of Shareholding as of 4 April 2014 (the latest book-closing date) Number of Shareholders 5IBJÇ°4IBSFIPMEFSTÇ° 'PSFJHOÇ°4IBSFIPMEFSTÇ° Total

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Number of Shares

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1,42 ,570,000

100.00

Dividend Policy "05Ç°XJMMÇ°QBZÇ°EJWJEFOETÇ°UPÇ°TIBSFIPMEFSTÇ°PGÇ°OPÇ°MFTTÇ°UIBOÇ° Ç°PGÇ°OFUÇ°QSPÅ³UÇ°BGUFSÇ°EFEVDUJPOÇ°PGÇ°BMMÇ°SFTFSWFTÇ°TQFDJÅ³FEÇ°CZÇ° AOT. However, the dividend payment depends on investment plans, necessities and future suitability. The resolution of the AOTâ&#x20AC;&#x2122;s Board of Directors on dividend payment must be submitted to shareholdersâ&#x20AC;&#x2122; meeting for approval, except for interim dividend payment which must be approved by the Board of Directors and then reported in the next shareholdersâ&#x20AC;&#x2122; meeting. "DDPSEJOHÇ°UPÇ°UIFÇ° Ç°"OOVBMÇ°(FOFSBMÇ°4IBSFIPMEFSTÇ°.FFUJOHÇ°POÇ° Ç°+BOVBSZÇ° Ç°UIFSFÇ°XBTÇ°BÇ°SFTPMVUJPOÇ°UPÇ°QBZÇ°EJWJEFOETÇ° GPSÇ°UIFÇ°PQFSBUJOHÇ°SFTVMUTÇ°JOÇ°BDDPVOUJOHÇ°ZFBSÇ° Ç°BUÇ°UIFÇ°SBUFÇ°PGÇ° Ç°#BIUÇ°QFSÇ°TIBSF Ç°5IJTÇ°BNPVOUFEÇ°UPÇ° Ç° #BIU Ç°SFQSFTFOUJOHÇ° Ç°PGÇ°OFUÇ°QSPÅ³UÇ°SFDPSEFEÇ°JOÇ°UIFÇ°DPNQBOZÄ´TÇ°Å³OBODJBMÇ°TUBUFNFOU Ç°5IFÇ°EJWJEFOETÇ°XFSFÇ°QBJEÇ°CZÇ° AOT on 6 February 2014.

Capital Structure of Suvarnabhumi Airport Hotel Company Limited "TÇ°PGÇ° Ç°4FQUFNCFSÇ° Ç°4VWBSOBCIVNJÇ°"JSQPSUÇ°)PUFMÇ°$PNQBOZÇ°-JNJUFEÇ°IBEÇ°BÇ°SFHJTUFSFEÇ°DBQJUBMÇ°PGÇ° Ç°#BIU Ç° PGÇ°XIJDIÇ°"05Ç°IFMEÇ° Ç°TIBSFTÇ°XJUIÇ°BÇ°QBSÇ°WBMVFÇ°JTTVFEÇ°BUÇ° Ç°#BIU Ç°BDDPVOUJOHÇ°GPSÇ° Ç°PGÇ°UPUBMÇ°TIBSFTÇ°JTTVFEÇ°BOEÇ° sold. The shares have already been fully paid up.

Management Structure

AOTâ&#x20AC;&#x2122;s Shareholders Board of Directors Nomination Committee Risk Management Committee

Remuneration Committee

Corporate Governance Committee

Audit Committee

President Audit Office Special Operations Center Legal and Corporate Secretary

Legal Group

Corporate Secretary Group

Corporate Strategy

Human Resource and Administration

Information Technology and Communication Airport and Aviation Standard

Accounting and Finance

Engineering and Construction

Business Development and Marketing

Regional Airports

Suvarnabhumi Airport

Don Mueang International Airport

Phuket International Airport

AOTâ&#x20AC;&#x2122;s Board of Directors "05Ä´TÇ°"SUJDMFTÇ°PGÇ°"TTPDJBUJPOÇ°TUBUFEÇ°UIBUÇ°"05Ç°NVTUÇ°CFÇ°NBOBHFEÇ°CZÇ°BÇ°DPNNJUUFFÇ°DPNQSJTJOHÇ°BUÇ°MFBTUÇ° Ç°EJSFDUPSTÇ°BOEÇ°OPUÇ° NPSFÇ°UIBOÇ° Ç°EJSFDUPSTÇ°FMFDUFEÇ°CZÇ°TIBSFIPMEFSTÇ°JOÇ°BÇ°TIBSFIPMEFSTÄ´Ç°NFFUJOH Ç°*OÇ°BEEJUJPO Ç°UIFÇ°OVNCFSÇ°PGÇ°JOEFQFOEFOUÇ° EJSFDUPSTÇ°NVTUÇ°CFÇ°BUÇ°MFBTUÇ°POFÇ° Ç°UIJSEÇ° Ç°PGÇ°UIFÇ°UPUBMÇ°NFNCFSÇ°PGÇ°EJSFDUPSTÇ°BOEÇ°NVTUÇ°OPUÇ°CFÇ°MFTTÇ°UIBOÇ° Ç°)BMGÇ°PGÇ°UIFÇ° UPUBMÇ°OVNCFSÇ°PGÇ°EJSFDUPSTÇ°NVTUÇ°SFTJEFÇ°JOÇ°UIFÇ°DPVOUSZÇ°BOEÇ°UIFÇ°EJSFDUPSTÄ´Ç°RVBMJÅ³DBUJPOÇ°NVTUÇ°CFÇ°JOÇ°BDDPSEBODFÇ°XJUIÇ°UIFÇ° MBXÇ°BTÇ°XFMMÇ°BTÇ°"05Ä´TÇ°"SUJDMFTÇ°PGÇ°"TTPDJBUJPO Ç°"UÇ°MFBTUÇ° Ç°EJSFDUPSÇ°NVTUÇ°BMTPÇ°CFÇ°BOÇ°FYQFSUÇ°JOÇ°BDDPVOUJOHÇ°BOEÇ°Å³OBODF Ç° "TÇ°PGÇ° Ç°/PWFNCFSÇ° Ç°OBNFTÇ°PGÇ°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°XFSFÇ°BTÇ°GPMMPXT No.

Name

Position

1 Mr. Prasong Poontaneat Ç° Ç° .S Ç°/BOUBTBLÇ°1PPMTVLÇ°

20 June 2014 Ç°"QSJMÇ°

Ç°

Ç°+VOFÇ°

Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

Chairman *OEFQFOEFOUÇ°%JSFDUPS Ç°$IBJSNBOÇ°PGÇ°"VEJUÇ°$PNNJUUFFÇ° Chairman of Corporate Governance Committee Ç° 4RVBESPOÇ°-FBEFSÇ° *OEFQFOEFOUÇ°%JSFDUPS Ç°.FNCFSÇ°PGÇ°/PNJOBUJPOÇ°$PNNJUUFFÇ°Ç° Prajak Sajjasophon Member of Corporate Governance Committee Member of Risk Management Committee 4 Mr. Nirandra Theeranartsin Director, Chairman of Nomination Committee Member and Secretary of Corporate Governance Committee Member and Secretary of Risk Management Committee Ç° "JSÇ°.BSTIBMÇ°1SBLJUÇ°4LVOBTJOHIBÇ° *OEFQFOEFOUÇ°%JSFDUPS Ç°.FNCFSÇ°PGÇ°"VEJUÇ°$PNNJUUFFÇ° Member of Corporate Governance Committee Ç° .S Ç°3BLPQÇ°4SJTVQB BUÇ° %JSFDUPS Ç°.FNCFSÇ°PGÇ°/PNJOBUJPOÇ°$PNNJUUFFÇ° Member of Remuneration Committee 7 Air Chief Marshal Director Johm Rungswang Ç° -JFVUFOBOUÇ°(FOFSBMÇ° *OEFQFOEFOUÇ°%JSFDUPSÇ° Kampanat Ruddit Chairman of Risk Management Committee Ç° .S Ç°5IBXBUDIBJÇ°"SVOZJLÇ° *OEFQFOEFOUÇ°%JSFDUPSÇ°Ç° 10 Miss Suttirat Rattanachot Director, Member of Remuneration Committee Ç° .S Ç°.BOJUÇ°/JUJQSBUFFQÇ° %JSFDUPSÇ° Ç° .S Ç°5IBOJOÇ°1B &NÇ° %JSFDUPSÇ° Ç° .S Ç°8BSBÇ°5POHQSBTJOÇ° *OEFQFOEFOUÇ°%JSFDUPS Ç°$IBJSNBOÇ°PGÇ°3FNVOFSBUJPOÇ°$PNNJUUFFÇ° Member of Audit Committee Member of Risk Management Committee

Date of Appointment

20 June 2014 Ç°"VHVTUÇ° Ç°"QSJMÇ° 16 July 2014 Ç°"VHVTUÇ° Ç°0DUPCFSÇ° 27 January 2012 Ç°4FQUFNCFSÇ° Ç°4FQUFNCFSÇ° Ç°+VMZÇ°

Remark:Ç° Ä»Ç° /P Ç° Ç°XBTÇ°BQQPJOUFEÇ°BTÇ°"DUJOHÇ°1SFTJEFOUÇ°BUÇ°UIFÇ°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°NFFUJOHÇ°/P Ç° Ç°EBUFEÇ° Ç°"VHVTUÇ° Ç°FGGFDUJWFÇ° from 16 September 2014 until the new President is appointed. Ä»Ç° /P Ç° Ç°JTÇ°,OPXMFEHFBCMFÇ°JOÇ°BDDPVOUJOHÇ°BOEÇ°Å³OBODF Ä»Ç° /P Ç° Ç°XBTÇ°BQQPJOUFEÇ°BTÇ°%JSFDUPSÇ°BOEÇ°*OEFQFOEFOUÇ°%JSFDUPSÇ°BUÇ°UIFÇ°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°NFFUJOHÇ°/P Ç° Ç°EBUFEÇ° Ç°+VOF 2014 on condition that an approval shall be obtained from the Tourism Authority of Thailandâ&#x20AC;&#x2122;s Board of Directors. On Ç°0DUPCFSÇ° Ç°5"5Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°SFTPMWFEÇ°UPÇ°BQQSPWFÇ°IJTÇ°BQQPJOUNFOUÇ°BTÇ°BOÇ°"05Ä´TÇ°EJSFDUPS

Persons holding position as AOT’s Director during the period 2014 were as follows: No. ǰ ǰǰ ǰǰ ǰǰ ǰǰ

ǰ ǰ ǰ ǰ ǰ

ǰǰ ǰǰ ǰǰ ǰǰ ǰǰ ǰǰ ǰǰ ǰǰ ǰǰ

6 ǰ ǰ ǰ ǰǰ ǰ ǰ ǰ ǰ ǰ

Name

Position Tenure

%S ǰ1POHTBLǰ4FNTPOǰ .S ǰ"SLIPNǰ5FSNQJUUBZBQBJTJUIǰ .S ǰ8VUJTBLǰ-BQDIBSPFOTBQǰ .S ǰ5IBOBQJDIǰ.VMBQSVLǰ .S ǰ8BUUBOBǰ5JFOHLVMǰ

ǰ.BSDIǰ ǰ ǰ ǰ+VMZǰ ǰ.BSDIǰ ǰ ǰ ǰ"VHVTUǰ ǰ'FCSVBSZǰ ǰ ǰ ǰ+BOVBSZǰ ǰ'FCSVBSZǰ ǰ ǰ ǰ'FCSVBSZǰ ǰ4FQUFNCFSǰ ǰ ǰ ǰ+BOVBSZǰ ǰ 6 February - 6 June 2014 Mrs. Chantima Sirisaengtaksin 11 November 2011 - 24 January 2014 .S ǰ5IBOJOǰ"OHTVXBSBOHTJǰ ǰ/PWFNCFSǰ ǰ ǰ ǰ+VOFǰ "JSǰ$IJFGǰ.BSTIBMǰ"SBZBǰ/HBNQSBNVBOǰ ǰ+BOVBSZǰ ǰ ǰ ǰ4FQUFNCFSǰ .S ǰ8JTBOVǰ4VCTPNQPOǰ ǰ+BOVBSZǰ ǰ ǰ ǰ+VOFǰ 4RVBESPOǰ-FBEFSǰ4JUBǰ%JWBSJǰ ǰ'FCSVBSZǰ ǰ ǰ ǰ+VOFǰ 1PMJDFǰ(FOFSBMǰ,SJTOBǰ1PMBOBOUBǰ ǰ'FCSVBSZǰ ǰ ǰ ǰ+VOFǰ 1PMJDFǰ-JFVUFOBOUǰ(FOFSBMǰ1IBSOVǰ,FSEMBSQQIPOǰ ǰ'FCSVBSZǰ ǰ ǰ ǰ+VOFǰ .S ǰ5IJSBDIBJǰ8VUIJUIBNǰ ǰ%FDFNCFSǰ ǰ ǰ ǰ+VMZǰ .S ǰ.BLJOǰ1FUQMBJǰ ǰ%FDFNCFSǰ ǰ ǰ ǰ4FQUFNCFSǰ .S ǰ5POHUIPOHǰ$IBOESBOHTVǰǰ ǰ"QSJMǰ ǰ ǰ4FQUFNCFSǰ

Directors’ 2ualiųcations *OǰBDDPSEBODFǰXJUIǰUIFǰ1VCMJDǰ$PNQBOJFTǰ"DU ǰUIFǰ4UBOEBSEǰ2VBMJųDBUJPOTǰ"DUǰGPSǰ#PBSEǰPGǰ%JSFDUPSTǰBOEǰ4UBUFǰ&OUFSQSJTFTǰ 0GųDJBMTǰ *TTVFǰ ǰ# & ǰ ǰBOEǰ"05ĴTǰSFHVMBUJPOT ǰUIFǰRVBMJųDBUJPOTǰPGǰEJSFDUPSTǰBSFǰBTǰGPMMPXT Ļǰ 5IBJǰ/BUJPOBMJUZ Ļǰ /PUǰPWFSǰ ǰZFBSTǰPGǰBHF Ļǰ )PMEJOHǰEJSFDUPSǰQPTJUJPOǰJOǰMFTTǰUIBOǰ ǰTUBUFǰFOUFSQSJTFT Ļǰ )BWFǰOFWFSǰCFFOǰHJWFOǰBǰQSJTPOǰTFOUFODFǰCZǰBǰTVQSFNFǰDPVSUǰFYDFQUǰGPSǰ0GGFOTFTǰDPNNJUUFEǰCZǰOFHMJHFODFǰPSǰ petty offenses Ļǰ "SFǰOPUǰTUBUFǰPGųDJBMT ǰXJUIǰUIFǰFYDFQUJPOǰPGǰEJSFDUPSǰQPTJUJPOTǰBMMPXFEǰCZǰUIFǰMBX Ļǰ %PǰOPUǰIPMEǰUIFǰQPTJUJPOTǰPGǰEJSFDUPSǰPGǰPGųDJBMǰJOǰQPMJUJDBMǰQBSUJFT Ļǰ )BWFǰOFWFSǰCFFOǰEJTDIBSHFEǰGSPNǰTUBUFǰPGųDJBMTǰEVFǰUPǰNBMGFBTBODF Ļǰ "SFǰOPUǰTIBSFIPMEFSTǰPGǰUIFǰTUBUFǰFOUFSQSJTFǰPSǰJUTǰMFHBMǰFOUJUZǰ Ļǰ %PǰOPUǰIPMEǰBOZǰQPTJUJPOTǰJOǰBOZǰMFHBMǰFOUJUJFTǰXIFSFǰUIFǰTUBUFǰFOUFSQSJTFǰJTǰBǰTIBSFIPMEFS ǰFYDFQUǰGPSǰQPTJUJPOTǰ assigned by the Board of Directors

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"SFÇ°OPUÇ°EJSFDUPST Ç°FYFDVUJWFT Ç°BOEÇ°TUBLFIPMEFSTÇ°PGÇ°DPODFTTJPOBJSFTÇ°BOEÇ°KPJOUÇ°WFOUVSFTÇ°PGÇ°UIFÇ°TUBUFÇ°FOUFSQSJTF "MTP Ç°UIFÇ°EJSFDUPSTÇ°NVTUÇ°OPUÇ°CFÇ°JOWPMWFEÇ°JOÇ°UIFÇ°JOUFSFTUÇ°PGÇ°UIFÇ°TUBUFÇ°FOUFSQSJTF Ç°FYDFQUÇ°UIFÇ°DIBJSNBO Ç°EJSFDUPSTÇ°BOEÇ° executives assigned by the state enterprise. Appointment and Term of OfĹłce of Directors 1. Directors are elected by majority votes in the shareholdersâ&#x20AC;&#x2122; meetings and the number of votes of a shareholder is equivalent to the numbers of shares held in the company. The candidates who receive higher votes are elected respectively to attain the required number of directors. In the case of a tie and there is one exceeding eligible Ç° DBOEJEBUF Ç°UIFÇ°DIBJSNBOÇ°PGÇ°UIFÇ°NFFUJOHÇ°XJMMÇ°DBTUÇ°UIFÇ°ĹłOBMÇ°WPUFÇ°UPÇ°EFUFSNJOFÇ°XIJDIÇ°DBOEJEBUFÇ°XJMMÇ°CFÇ°FMFDUFE Ç° Ç° *OÇ°FWFSZÇ°"OOVBMÇ°(FOFSBMÇ°.FFUJOHÇ°PGÇ°4IBSFIPMEFST Ç°POFÇ° Ç°UIJSEÇ° Ç°PGÇ°UIFÇ°DPNQBOZÄ´TÇ°EJSFDUPSTÇ°TIBMMÇ°SFTJHOÇ°JOÇ°SPUBUJPO Ç° Should the number of directors to resign in rotation not be divisible by three, the number of directors closest to Ç° POF UIJSEÇ° Ç°TIBMMÇ°CFÇ°FOGPSDFE Ç°%JSFDUPSTÇ°XIPTFÇ°UFSNTÇ°BSFÇ°EVFÇ°UPÇ°FYQJSFÇ°JOÇ°UIFÇ°ĹłSTUÇ°BOEÇ°TFDPOEÇ°ZFBSÇ°BGUFSÇ°UIFÇ° registration shall conduct a draw to determine who will resign. From the third year onwards, the longest-serving directors shall resign. Directors who resign in rotation may resume their positions. Ç°Ç° *OÇ°BEEJUJPOÇ°UPÇ°UIFÇ°SFTJHOBUJPOÇ°JOÇ°SPUBUJPO Ç°UFSNÇ°PGÇ°PGĹłDFÇ°PGÇ°EJSFDUPSTÇ°FOETÇ°JOÇ°UIFÇ°GPMMPXJOHÇ°DBTFT 1) Death 2) Resignation (which is effective when the company receives the resignation letter) Ç° Ç° 3FTPMVUJPOÇ°PGÇ°4IBSFIPMEFSÄ´TÇ°NFFUJOH 4) Being incompetent or quasi-incompetent Ç° Ç° #FJOHÇ°BCTFOUÇ°GSPNÇ°UIFÇ°NFFUJOHÇ°GPSÇ°NPSFÇ°UIBOÇ° Ç°DPOTFDVUJWFÇ°UJNFTÇ°XJUIPVUÇ°SFBTPOBCMFÇ°DBVTF Ç° Ç° #FJOHÇ°VORVBMJĹłFEÇ°PSÇ°IBWJOHÇ°BOZÇ°QSPIJCJUFEÇ°RVBMJĹłDBUJPOTÇ°BTÇ°TQFDJĹłFEÇ°CZÇ°MBXÇ°PSÇ°UIFÇ°DPNQBOZÄ´TÇ°SFHVMBUJPOT 7) Court order Ç° Ç° #FJOHÇ°TFOUFODFEÇ°UPÇ°QSJTPOÇ° Ç° *OÇ°UIFÇ°FWFOUÇ°UIBUÇ°BÇ°EJSFDUPSÇ°QPTJUJPOÇ°JTÇ°WBDBOUÇ°GPSÇ°BOZÇ°SFBTPOTÇ°PUIFSÇ°UIBOÇ°UIBUÇ°PGÇ°UIFÇ°SPUBUJPOÇ°CBTJT Ç°BÇ°RVBMJĹłFEÇ° Ç° JOEJWJEVBMÇ°XIPÇ°IBTÇ°OPÇ°QSPIJCJUFEÇ°USBJUTÇ°BTÇ°TQFDJĹłFEÇ°JOÇ°"05Ä´TÇ°"SUJDMFTÇ°PGÇ°"TTPDJBUJPOÇ°XJMMÇ°CFÇ°BQQPJOUFEÇ°CZÇ°UIFÇ°#PBSEÇ° Ç° PGÇ°%JSFDUPSTÇ°JOÇ°UIFÇ°GPMMPXJOHÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°NFFUJOHÇ°VOMFTTÇ°UIFÇ°SFNBJOJOHÇ°UFSNÇ°PGÇ°PGĹłDFÇ°PGÇ°UIFÇ°SFTJHOJOHÇ°EJSFDUPSÇ° Ç° JTÇ°MFTTÇ°UIBOÇ° Ç°NPOUIT Ç°5IFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÄ´Ç°SFTPMVUJPOÇ°NVTUÇ°DPNQSJTFÇ°OPUÇ°MFTTÇ°UIBOÇ°UISFFÇ° Ç°GPVSUITÇ° Ç°PGÇ°UIFÇ° Ç° SFNBJOJOHÇ°EJSFDUPSTÄ´Ç°WPUFTÇ°BOEÇ°UIFÇ°SFQMBDJOHÇ°EJSFDUPSÄ´TÇ°UFSNÇ°PGÇ°PGĹłDFÇ°JTÇ°FRVBMÇ°UPÇ°UIFÇ°SFNBJOJOHÇ°UFSNÇ°PGÇ°UIFÇ°SFQMBDFE director. Roles, Duties, and Responsibilities of the Board of Directors 1. To conduct AOTâ&#x20AC;&#x2122;s business in accordance with the law, objectives, regulations, and shareholders meetingsâ&#x20AC;&#x2122; resolutions with integrity, moral, and business ethics. The Board of Directors must also try its best to cautiously safeguard the interests of AOT and shareholders. Ç° 5PÇ°TFUÇ°EJSFDUJPOT Ç°HPBMT Ç°BOEÇ°CVTJOFTTÇ°QPMJDJFTÇ°BTÇ°XFMMÇ°BTÇ°TVQFSWJTFÇ°UIFÇ°NBOBHFNFOUÇ°UPÇ°PQFSBUFÇ°FGĹłDJFOUMZÇ°BDDPSEJOHÇ° to AOTâ&#x20AC;&#x2122;s policies and regulations under good corporate governance in order to increase economic value and maximum stability to AOT and shareholders. Ç° 5PÇ°SFQPSUÇ°UIFJSÇ°JOUFSFTUTÇ°BOEÇ°UIFÇ°JOUFSFTUTÇ°PGÇ°DPODFSOFEÇ°QBSUJFTÇ°UPÇ°TIBSFIPMEFST Ç°5IFÇ°SFQPSUFEÇ°JOUFSFTUTÇ°BSFÇ°UIPTFÇ° Ç° SFMBUFEÇ°UPÇ°UIFÇ°PQFSBUJPOTÇ°PGÇ°"05Ç°BOEÇ°JUTÇ°TVCTJEJBSJFT Ç°6QEBUFEÇ°SFQPSUTÇ°NVTUÇ°BMTPÇ°CFÇ°TVCNJUUFEÇ°XIFOFWFSÇ°UIFSFÇ°BSFÇ° changes.

Ç° 5PÇ°TFUÇ°VQÇ°JOUFSOBMÇ°BVEJUÇ°VOJU Ç°ĹłOBODJBMÇ°SFQPSUT Ç°BOEÇ°SFMJBCMFÇ°BVEJUTÇ°UPÇ°CFÇ°SFQPSUFEÇ°UPÇ°UIFÇ°"VEJUÇ°$PNNJUUFFÇ°BTÇ°XFMM Ç° BTÇ°FOTVSFÇ°FGĹłDJFOUÇ°FWBMVBUJPOÇ°QSPDFTTFTÇ°PGÇ°JOUFSOBMÇ°DPOUSPMÇ°BOEÇ°JOUFSOBMÇ°BVEJUT Ç° 5PÇ°BQQPJOUÇ°BÇ°$PNQBOZÇ°4FDSFUBSZÇ°JOÇ°DPOGPSNJUZÇ°XJUIÇ°UIFÇ°MBXTÇ°POÇ°TFDVSJUJFTÇ°BOEÇ°TUPDLÇ°FYDIBOHF Ç°5IFÇ°$PNQBOZÇ° Secretaryâ&#x20AC;&#x2122;s duties are to prepare and maintain documents and other matters as required by the Capital Market Supervision Committee. The Company Secretary is to help the Board of Directors and AOT on various matters such as arranging the meetings of the Board of Directors and shareholders, giving advice to directors and AOT on consistent operations in accordance with the law and related regulations. Additionally, the Company Secretary is to ensure that the directors and AOT disclose information correctly, completely, and transparently. 6. To regularly assess the Presidentâ&#x20AC;&#x2122;s performance and determine appropriate the remuneration for the President. 7. To review and participate in setting a vision and mission, thus enabling the management and employees to move forwards in the same direction. In addition, the Board of Directors will consider revision of and approve the vision Ç° BOEÇ°NJTTJPOÇ°PGÇ°"05Ç°BUÇ°MFBTUÇ°FWFSZÇ° Ç°ZFBST Ç°5IFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°XJMMÇ°FOEPSTFÇ°BOEÇ°NPOJUPSÇ°UIFÇ°NBOBHFNFOUÄ´TÇ° operations so that these are in line with the corporate direction and strategies. Ç° 5PÇ°JNQMFNFOUÇ°UIFÇ°SJTLÇ°NBOBHFNFOUÇ°QPMJDZÇ°XJUIÇ°FGĹłDJFOUÇ°SJTLÇ°NBOBHFNFOUÇ°BOEÇ°JOUFSOBMÇ°DPOUSPMÇ°TZTUFNTÇ°UIBUÇ°DPWFSÇ° the whole organization. The Board of Directors will also require management to regularly report risk management and possible risk management guidelines, with full disclosure in the annual reports. Ç° 5PÇ°QSPWJEFÇ°ĹłOBODJBMÇ°TUBUFNFOUTÇ°BOEÇ°TUBUFNFOUTÇ°PGÇ°JODPNFÇ°BTÇ°XFMMÇ°BTÇ°ĹłOBODJBMÇ°TUBUFNFOUÇ°BVEJUÇ°SFQPSUÇ°PGÇ°UIFÇ°BVEJUPSTÇ° at the end of accounting year of the company, all of which are to be approved by the Audit Committee. Such information will be disclosed in the annual reports and submitted to the Annual General Meetings of Shareholders. 10. To submit the following documents to shareholders along with the Annual General Meeting of Shareholders invitation letter: 1) Copies of balance sheet and income statement audited by the auditor together with audit report 2) AOTâ&#x20AC;&#x2122;s annual report 11. To appropriately provide communication channels with each group of shareholders as well as evaluate the information disclosure to ensure correctness, lucidity, transparency, reliability, and high standards. The Board of Directorsâ&#x20AC;&#x2122; Meetings AOT arranges a Board of Directors meeting at least once a month. In 2014, the Board of Directors approved to hold the meetings on every fourth Thursday of every month enabling director to allocate their time for regular attendance. The Chairman of the Board of Directors will announce the date of the next meeting prior to adjournment of each meeting. *OÇ°UIFÇ°ĹłTDBMÇ°ZFBSÇ° Ç°"05Ç°IFMEÇ° Ç°#PBSEÇ°PGÇ°%JSFDUPSTÇ°NFFUJOHT AOTâ&#x20AC;&#x2122;s Corporate Secretary Department, which is in charge of the meeting arrangements, submits invitation letter along with agendas and a complete set of supporting documents in the form of hard copies, CDs and e-meeting notes 7 days prior to each Board of Directors meeting, thus giving the Board members adequate time to study the information before attending the meeting. The meeting agendas are jointly considered by the Chairman of AOTâ&#x20AC;&#x2122;s Board of Directors and AOTâ&#x20AC;&#x2122;s President, while the Corporate Secretary is responsible for supervising the document preparation. The directors are also able to propose agendas for consideration. The Chairman of the Board of Directors chairs the meeting and gives the directors an opportunity to discuss on each agenda item and share opinions and recommendations. The management allows AOTâ&#x20AC;&#x2122;s senior executives to participate in the meeting in order to explain and provide information on operations in which they are directly involved. A resolution PGÇ°FBDIÇ°BHFOEBÇ°JTÇ°POMZÇ°NBEFÇ°XIFOÇ°TBUJTGBDUPSZÇ°DMBSJĹłDBUJPOTÇ°BSFÇ°PCUBJOFE Ç°&BDIÇ°NFFUJOHÇ°UBLFTÇ°BQQSPYJNBUFMZÇ° Ç°IPVST

Before the meeting, the Chairman will invite the directors to discuss various issues on and off the agendas. In 2014, the Board of Directors also held the meetings without presence of executive directors or executives. The Corporate secretary prepares minute of the meetings, and all resolutions of the are Annual General Meeting of Shareholders and the Board of Directors in recognised minutes format. The minutes are kept at the companyâ&#x20AC;&#x2122;s head PGÅ³DF Ç°8IFOÇ°UIFÇ°$IBJSNBOÇ°PGÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPSÇ°JOÇ°IJTÇ°DBQBDJUZÇ°BTÇ°$IBJSNBOÇ°PGÇ°UIFÇ°NFFUJOHÇ°UBLFTÇ°BÇ°SFTPMVUJPOTÇ°JOÇ°UIFÇ° next meeting, which are then countersigned by the President acting as Secretary of the Board of Directors the resolutions and minutes are regarded as correct meeting record. Details of each directorâ&#x20AC;&#x2122;s attendance (number of meeting attendance/number of meeting) were as follows: 'SPNÇ° Ç°0DUPCFSÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç° Name

Board of Directors

Audit Nomination Remuneration Corporate Risk Committee Committee Committee Governance Management Committee Committee

1. Mr. Prasong Poontaneat

4/4

Ç°Ç° .S Ç°/BOUBTBLÇ°1PPMTVLÇ°

Ç°

Ç°Ç° 4RVBESPOÇ°-FBEFSÇ°1SBKBLÇ°4BKKBTPQIPOÇ°

Ç°

4. Mr. Nirandra Theeranartsin

4/4

Ç°Ç° "JSÇ°.BSTIBMÇ°1SBLJUÇ°4LVOBTJOHIBÇ°

Ç°

6. Mr. Rakop Srisupa-at

6/7

Ç°Ç° "JSÇ°$IJFGÇ°.BSTIBMÇ°+PINÇ°3VOHTXBOHÇ°

Ç°

Ç°Ç° -JFVUFOBOUÇ°(FOFSBMÇ°,BNQBOBUÇ°3VEEJUÇ° Ç°Ç° .JTTÇ°4VUUJSBUÇ°3BUUBOBDIPUÇ°

2/2 Ç°

0/1

Ç°

4/4

1/1

Ç°

10. Mr. Manit Nitiprateep

0/1

11. Mr.Thanin Pa-Em

1/1

Ç°Ç°.S Ç°8BSBÇ°5POHQSBTJOÇ°

Ç°

Ç° %S Ç°1POHTBLÇ°4FNTPOÇ°

Ç°

14. Mr. Arkhom Termpittayapaisith

7/17

Ç° .S Ç°8VUJTBLÇ°-BQDIBSPFOTBQÇ°

Ç°

Ç° .S Ç°5IBOBQJDIÇ°.VMBQSVLÇ°

Ç°

17. Mr. Wattana Tiengkul Ç°Ç°.ST Ç°$IBOUJNBÇ°4JSJTBFOHUBLTJOÇ°

10/12

1/1

0/1

Ç°

Ç° .S Ç°5IBOJOÇ°"OHTVXBSBOHTJÇ°

Ç°

Ç°Ç°"JSÇ°$IJFGÇ°.BSTIBMÇ°"SBZBÇ°/HBNQSBNVBOÇ°

Ç°

Ç° .S Ç°8JTBOVÇ°4VCTPNQPOÇ°

Ç°

22. Squadron Leader Sita Divari

12/12

Ç° 1PMJDFÇ°(FOFSBMÇ°,SJTOBÇ°1PMBOBOUBÇ°

Ç°

Name

Board of Directors

Audit Nomination Remuneration Corporate Risk Committee Committee Committee Governance Management Committee Committee

Ç° 1PMJDFÇ°-JFVUFOBOUÇ°(FOFSBMÇ°Ç° Pharnu Kerdlarpphon

Ç°Ç°.S Ç°5IJSBDIBJÇ°8VUIJUIBNÇ°

Ç°

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AOTâ&#x20AC;&#x2122;s Executives "TÇ°PGÇ° Ç°4FQUFNCFSÇ° Ç°"05Ä´TÇ°FYFDVUJWFT Ç°BDDPSEJOHÇ°UPÇ°UIFÇ°EFÅ³OJUJPOÇ°PGÇ°FYFDVUJWFÇ°TUBUFEÇ°JOÇ°UIFÇ°/PUJÅ³DBUJPOÇ°PGÇ°UIFÇ° $BQJUBMÇ°.BSLFUÇ°4VQFSWJTPSZÇ°#PBSEÇ°/P Ç°5PSÇ°+PSÇ° Ç°DPNQSJTFEÇ° Ç°NFNCFSTÇ°BTÇ°GPMMPXT 1. 2. Ç° 4. Ç° 6. Ç° Ç° Ç°

Miss Sasisubha Sukontasap Miss Shanalai Chayakul .ST Ç°1PPMTJSJÇ°7JSPKBOBQBÇ° Mr. Montri Mongkoldaow .JTTÇ°7JMBJXBOÇ°/BEWJMBJÇ° Mr. Chaowalit Paka-Ariya "DUJOHÇ°'MZJOHÇ°0GÅ³DFSÇ°1BTTBLPSOÇ°4VSBQJQJUÇ° .ST Ç°3BXFXBOÇ°/FUSBLBWFTOBÇ° "DUJOHÇ°'MZJOHÇ°0GÅ³DFSÇ° Chaturongkapon Sodmanee 10. Mr. Prathuang Sornkhom 11. Mr. Somchai Sawasdeepon 12. Wing Commander Wicha Noenlop Ç°.S Ç°4JSPUFÇ°%VBOHSBUBOBÇ° 14. Mrs. Suwanna Natpracha Ç°.S Ç°4PNCPPOÇ°/PJOBNLIBNÇ° 16. Mrs. Rapeeporn Kongprasert 17. Mrs. Chantima Lattiwan Ç°.JTTÇ°/BUUBOBOÇ°.PPOHUIBOZBÇ°

Senior Executive Vice President (Strategy) Corporate Secretary 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ°1SFTJEFOUÇ° "DDPVOUJOHÇ°BOEÇ°'JOBODF

Senior Executive Vice President (Human Resources and Administration) 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ°1SFTJEFOUÇ° #VTJOFTTÇ°%FWFMPQNFOUÇ°BOEÇ°.BSLFUJOH

Senior Executive Vice President (Engineering and Construction) 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ°1SFTJEFOUÇ° "JSQPSUÇ°BOEÇ°"WJBUJPOÇ°4UBOEBSE

(FOFSBMÇ°.BOBHFS Ç°4VWBSOBCIVNJÇ°"JSQPSU (FOFSBMÇ°.BOBHFS Ç°%POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ°"JSQPSU General Manager, Phuket International Airport Advisor 11 Advisor 11 4QFDJBMJTUÇ° Deputy General Manager, Suvarnabhumi Airport (Business Support) &YFDVUJWFÇ°7JDFÇ°1SFTJEFOUÇ° "DDPVOUJOHÇ°BOEÇ°'JOBODF

Vice President, Finance Department Vice President, Accounting Department 7JDFÇ°1SFTJEFOU Ç°"DDPVOUJOHÇ°BOEÇ°'JOBODFÇ°%FQBSUNFOU Ç°4VWBSOBCIVNJÇ°"JSQPSU

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Miss Sasisubha Sukontasap Miss Shanalai Chayakul .ST Ç°1PPMTJSJÇ°7JSPKBOBQBÇ° Mr. Montri Mongkoldaow .S Ç°8JDIBJÇ°#VOZVÇ°

6. 7. Ç° Ç°

Mr. Pravit Chaisuwan Group Captain Kanputt Mungklasiri (SPVQÇ°$BQUBJOÇ°4BNBJÇ°$IBOUPSOÇ° .S Ç°1SBQPOÇ°1BUUBNBLJKTBLVMÇ°

Senior Executive Vice President (Strategy) Senior Executive Vice President (Legal and Corporate Secretary) 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ°1SFTJEFOUÇ° "DDPVOUJOHÇ°BOEÇ°'JOBODF

Senior Executive Vice President (Human Resources and Administration) 4QFDJBMJTUÇ° Ç°BOEÇ°"DUJOHÇ°4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ°1SFTJEFOUÇ° (Business Development and Marketing) Senior Executive Vice President (Engineering and Construction) Senior Executive Vice President (Airport and Aviation Standard) 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ°1SFTJEFOUÇ° 3FHJPOBMÇ°"JSQPSUT

(FOFSBMÇ°.BOBHFS Ç°4VWBSOBCIVNJÇ°"JSQPSU

10. Wing Commander Songsak Tongtang 11. Mrs. Monrudee Gettuphan 12. Acting Second Lieutenant Narit Yodchan Ç°.ST Ç°4VXBOOBÇ°/BUQSBDIBÇ° 14. Mr. Somboon Noinamkham Ç°.ST Ç°3BQFFQPSOÇ°,POHQSBTFSUÇ° 16. Mrs. Chantima Lattiwan 17. Miss Nattanan Moongthanya

Deputy General Manager, Don Mueang International Airport (Operations and Maintenance), Acting General Manager, Don Mueang International Airport Specialist 10 and Acting General Manager, Phuket International Airport Advisor 11 %FQVUZÇ°(FOFSBMÇ°.BOBHFS Ç°4VWBSOBCIVNJÇ°"JSQPSUÇ° #VTJOFTTÇ°4VQQPSU

Executive Vice President (Accounting and Finance) 7JDFÇ°1SFTJEFOU Ç°'JOBODFÇ°%FQBSUNFOU Vice President, Accounting Department Vice President, Accounting and Finance Department, Suvarnabhumi Airport

Corporate Secretary AOT appointed Miss Shanalai Chayakul (currently Senior Executive Vice President - Legal and Corporate Secretary) as the Corporate Secretary responsible for giving legal advice, rules and regulations needed by the Board of Directors and the executives. She must also regulate the companyâ&#x20AC;&#x2122;s activities and coordinate to ensure that AOTâ&#x20AC;&#x2122;s operations are in compliance with the resolutions of the Board of Directors and shareholdersâ&#x20AC;&#x2122; meeting and AOTâ&#x20AC;&#x2122;s good corporate governance. The Corporate Secretaryâ&#x20AC;&#x2122;s main duties and responsibilities are as follows: 1) To give advice to AOTâ&#x20AC;&#x2122;s Board of Directors in ensuring that its duties and responsibilities are in compliance with laws and regulations of the companies listed on Stock Exchange of Thailand and relevant regulators. 2) To provide orientation sessions for new directors to explain the nature of AOTâ&#x20AC;&#x2122;s business, operating results, corporate plan, major investment projects, roles and responsibilities of the directors according to the regulations for companies listed on the Stock Exchange of Thailand and state regulators. Ç° 5PÇ°JOGPSNÇ°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°PGÇ°UIFÇ°BTTFTTNFOUT Ç°SPMFTÇ°BOEÇ°SFTQPOTJCJMJUJFTÇ°PGÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°BTÇ°BEWJTFEÇ° Ç° CZÇ°UIFÇ°5IBJÇ°*OTUJUVUFÇ°PGÇ°%JSFDUPSTÇ°BOEÇ°4UBUFÇ°&OUFSQSJTFÇ°1PMJDZÇ°0GĹłDFÇ°FWFSZÇ°ZFBS 4) The Corporate Secretary is responsible for providing recommendations and advice to the Board of Directors as well as effectively communicating information between the Board of Directors and subsidiaries. In addition, the Corporate Secretary executes laws and regulations of the Stock Exchange of Thailand, the Capital Market Development Committee, the Securities and Exchange Commission, as well as the regulations and resolutions of the shareholdersâ&#x20AC;&#x2122; meetings. Ç° 5PÇ°DPPSEJOBUFÇ°BOEÇ°DPMMFDUÇ°JOGPSNBUJPOÇ°GSPNÇ°UIFÇ°NBOBHFNFOUÇ°DPWFSJOHÇ°ĹłOBODF Ç°CVEHFU Ç°SJTLÇ°NBOBHFNFOU Ç°JOUFSOBMÇ° control, internal audit and report to AOTâ&#x20AC;&#x2122;s Board of Directors every quarter. 6) To prepare and compile personnel records of directors. 7) To retain complete records of policies and regulations of the company that have been approved by AOTâ&#x20AC;&#x2122;s Board of Directors along with supporting documents for AOTâ&#x20AC;&#x2122;s Board of Directorsâ&#x20AC;&#x2122; Meetings, and minutes of AOTâ&#x20AC;&#x2122;s Board of Directorsâ&#x20AC;&#x2122; Meetings. Ç° 5PÇ°PSHBOJ[FÇ°BOEÇ°LFFQÇ°UIFÇ°TIBSFIPMEFSTÄ´Ç°MFUUFSTÇ°PGÇ°JOWJUBUJPO Ç°SFRVJSFEÇ°EPDVNFOUT Ç°BOEÇ°NJOVUFTÇ°PGÇ°NFFUJOHTÇ°XJUIÇ° complete information within the timeframe of the law. Ç° 5PÇ°NBJOUBJOÇ°JOUFSFTUÇ°SFQPSUTÇ°TVCNJUUFEÇ°CZÇ°EJSFDUPSTÇ°BOEÇ°FYFDVUJWFT Ç° 5PÇ° TVQFSWJTFÇ° BOEÇ° CFÇ° SFTQPOTJCMFÇ° GPSÇ° UIFÇ° QSFQBSBUJPOÇ° BOEÇ° NBJOUFOBODFÇ° PGÇ° BOOVBMÇ° TUBUFNFOUTÇ° 'PSNÇ° Ç° BOEÇ° Ç° BOOVBMÇ°SFQPSUTÇ° 'PSNÇ° 11) To ensure that information is disclosed and reported to the regulatory agencies.

12) To support the directors in proceeding in line with good corporate governance practices of listed companies according to Good Corporate Governance Guidelines for companies listed in 2012 of Stock Exchange of Thailand and ASEAN CG Scoreboard. This includes director training courses, annual self-assessment of the Board of Directors and reporting assessments to the Board of Directors to acknowledge and consider for further implementation of the operating development plan. Ç° *OÇ° Ç°UIFÇ°$PNQBOZÇ°4FDSFUBSZÇ°BUUFOEFEÇ°BÇ°USBJOJOHÇ°DPVSTFÇ°Ä¶%JSFDUPSÇ°$FSUJÅ³DBUJPOÇ°1SPHSBNÄ·Ç° %$1 Ç°$MBTTÇ° Ç° Thai Institute of Directors. 14) To carry out other missions as assigned by the Board of Directors.

Remuneration for Directors and Executives The Remuneration Committee considers and reviews the appropriateness of the remuneration of directors and committees XIJDIÇ°NVTUÇ°DPSSFMBUFÇ°XJUIÇ°UIFÇ°PQFSBUJPOTÄ´Ç°SFTVMUT Ç°UIFÇ°DPNQBOZÄ´TÇ°Å³OBODJBMÇ°QPTJUJPOJOHÇ°BOEÇ°PUIFSÇ°CVTJOFTTFTÇ°JOÇ°UIFÇ°TBNFÇ° industry. The Remuneration Committee will then propose the remuneration for approval of the Board of Directors and shareholders, respectively. *OÇ°UIFÇ° Ç°"OOVBMÇ°(FOFSBMÇ°.FFUJOHÇ°PGÇ°4IBSFIPMEFSTÇ°POÇ° Ç°+BOVBSZÇ° Ç°UIFÇ°NFFUJOHÇ°BQQSPWFEÇ°EJSFDUPSTÄ´Ç°SFNVOFSBUJPOÇ° GPSÇ° Ç°BOEÇ°#PBSEÇ°PGÇ°%JSFDUPSTÄ´Ç°CPOVTÇ°GPSÇ° Ç°BTÇ°GPMMPXT (1 Remuneration for Directors Ç° Ç° "Ç°NPOUIMZÇ°SFNVOFSBUJPOÇ°PGÇ° Ç°#BIUÇ°QFSÇ°QFSTPO Ç°*GÇ°UIFÇ°EJSFDUPSÇ°JTÇ°BQQPJOUFEÇ°EVSJOHÇ°UIFÇ°NPOUI Ç°UIFÇ°SFNVOFSBUJPOÇ° shall be paid in proportion to the number of days worked in that month. 1.2 Meeting allowance of 20,000 Baht per meeting attendance. However, the maximum allowance paid shall not Ç° Ç° FYDFFEÇ° Ç°NFFUJOHÇ°UJNFTÇ°BÇ°ZFBS (2 Remuneration for Sub-Committees 2.1 AOTâ&#x20AC;&#x2122;s Management Committee Meeting allowance is 10,000 Baht per meeting and is paid only to a committee member attending the meeting once a month. 2.2 Audit Committee 2.2.1 Each Audit Committee member receives 20,000 Baht per month whether or not there is a meeting in that month. The Audit Committee member who is appointed during the month shall receive the pay in proportion to the number of days worked. Ç° Ç° Ç° .FFUJOHÇ°BMMPXBODFÇ°JTÇ° Ç°#BIUÇ°QFSÇ°NFFUJOHÇ°BOEÇ°JTÇ°QBJEÇ°POMZÇ°UPÇ°DPNNJUUFFÇ°NFNCFSÇ°BUUFOEJOHÇ°UIF meeting once a month. Ç° Ç° "05Ä´TÇ°EJSFDUPSTÇ°XIPÇ°XFSFÇ°BQQPJOUFEÇ°CZÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°UPÇ°IPMEÇ°UIFÇ°QPTUÇ°JOÇ°BÇ°DPNNJUUFF Ç°TVCDPNNJUUFFÇ°PSÇ° Ç° Ç° BÇ°XPSLJOHÇ°HSPVQÇ°TIBMMÇ°SFDFJWFÇ°BÇ°NFFUJOHÇ°BMMPXBODFÇ°PGÇ° Ç°#BIUÇ°QFSÇ°BUUFOEFEÇ°NFFUJOHÇ°BOEÇ°UIFÇ°PWFSBMMÇ°SFNVOFSBUJPOÇ° Ç° Ç° QFSÇ°NPOUIÇ°NVTUÇ°OPUÇ°FYDFFEÇ° Ç°#BIUÇ°QFSÇ°QFSTPO Ç°FYDMVTJWFÇ°PGÇ°UIFÇ°"VEJUÇ°$PNNJUUFFÇ°SFNVOFSBUJPO (3 The Chairman and 7ice Chairman shall receive an additional remuneration of 25 and 12.5 consecutively. (4 The remuneration for AOTâ&#x20AC;&#x2122;s Board of Directors for Å³scal year 2014 must not exceed 1 ,000,000 Baht. Remuneration items (1) - (4) are effective from 1 February 2014 onwards. (5 The Directorsâ&#x20AC;&#x2122; Bonus for Å³scal year 2013 (1 October 2012-30 September 2013

Ç° "OOVBMÇ°CPOVTÇ°QBZNFOUÇ°TIBMMÇ°OPUÇ°FYDFFEÇ° Ç°PGÇ°QBJEÇ°EJWJEFOETÇ°BOEÇ°UIFÇ°UPUBMÇ°BNPVOUÇ°JTÇ°MJNJUFEÇ°UPÇ° Ç°#BIUÇ° per person. The bonus is calculated on each position term. The Chairman and Vice Chairman of the Board of Ç° %JSFDUPSTÇ°TIBMMÇ°SFDFJWFÇ° Ç°BOEÇ° Ç°NPSFÇ°UIBOÇ°PUIFSÇ°#PBSEÇ°NFNCFSTÇ°SFTQFDUJWFMZ Ç°0OMZÇ°UIFÇ°1SFTJEFOU Ç°XIPÇ°JTÇ° one of the Board members, is not entitled to receive the director bonus.

Ç°0DUPCFSÇ° Ç° Ç° Ç°4FQUFNCFSÇ°

6OJU Ç°#BIU

No.

Name

Bonus

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

4RVBESPOÇ°-FBEFSÇ°4JUBÇ°%JWBSJÇ°Ç° .S Ç°5IBOBQJDIÇ°.VMBQSVLÇ° Ç° "JSÇ°$IJFGÇ°.BSTIBMÇ°"SBZBÇ°/HBNQSBNVBOÇ° %S Ç°1POHTBLÇ°4FNTPOÇ° Ç° 1PMJDFÇ°(FOFSBMÇ°,SJTOBÇ°1PMBOBOUBÇ° .S Ç°8VUJTBLÇ°-BQDIBSPFOTBQÇ°Ç° 1PMJDFÇ°-JFVUFOBOUÇ°(FOFSBMÇ°1IBSOVÇ°,FSEMBSQQIPOÇ° .S Ç°"SLIPNÇ°5FSNQJUUBZBQBJTJUIÇ° .ST Ç°$IBOUJNBÇ°4JSJTBFOHUBLTJOÇ° .S Ç°8BUUBOBÇ°5JFOHLVMÇ° Ç° .S Ç°5IBOJOÇ°"OHTVXBSBOHTJÇ° Ç° .JTTÇ°4VUUJSBUÇ°3BUUBOBDIPUÇ° Ç° .S Ç°8JTBOVÇ°4VCTPNQPOÇ° Ç° 'MZJOHÇ°0GÅ³DFSÇ°/PSBIVDIÇ°1MPZZBJÇ° .JTTÇ°1PSOUIJQÇ°1BLTBOPOUÇ° Ç°

Ç°Ç° Ç°Ç° Ç° Ç°

Ç° Ç° Ç° Ç°

"JSÇ°$IJFGÇ°.BSTIBMÇ°4VNFUÇ°1IPUJNBOFFÇ° 1PMJDFÇ°.BKPSÇ°(FOFSBMÇ°1FFSBQIBOÇ°1SFNBCIVUJÇ° 1PMJDFÇ°.BKPSÇ°(FOFSBMÇ°.POUIJFOÇ°1SBUFFQBWBOJDIÇ° .S Ç°4PNDIBJÇ°1PPMTBWBTEJÇ° Ç° Total

21, 72, 63.4

Remuneration for AOTâ&#x20AC;&#x2122;s Board of Directors and Special Committees in 2014 Ç°0DUPCFSÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç° 6OJU Ç°#BIU Name

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Remarks:Ç° Ä»Ç° Ä»Ç° Ä»Ç° Ä»Ç° Ä»Ç°

Board of AOTâ&#x20AC;&#x2122;s Audit Nomination Remuneration Corporate Risk Other SubDirectors Management Committee Committee Committee Governance Management Committees Committee Committee Committee

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

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Ç° Ç° Ç°

Total

Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

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Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

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Ç°

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Remuneration for Executives Remuneration criteria for Senior Executives or the President The Presidentâ&#x20AC;&#x2122;s Remuneration Subcommittee comprises AOTâ&#x20AC;&#x2122;s directors and representatives from the Ministry of 'JOBODFÇ° 4UBUFÇ°&OUFSQSJTFÇ°1PMJDZÇ°0GÅ³DF Ç°*UTÇ°SFTQPOTJCJMJUJFTÇ°BSFÇ°UPÇ°SFHVMBUFÇ°UIFÇ°1SFTJEFOUÄ´TÇ°SFNVOFSBUJPOÇ°JODMVEJOHÇ°BOOVBMÇ° remuneration adjustments under high-low remuneration framework approved by the Ministry of Finance. The consideration of each yearâ&#x20AC;&#x2122;s remuneration is based on the evaluation carried out in accordance with criteria and methods laid down by AOTâ&#x20AC;&#x2122;s Board of Directors. Remuneration Criteria for AOTâ&#x20AC;&#x2122;s Executives 4BMBSZÇ°TUSVDUVSFÇ°GPSÇ°"05Ä´TÇ°PGÅ³DFSTÇ°BOEÇ°FNQMPZFFTÇ°JTÇ°SFHVMBUFEÇ°CZÇ°DPNQBSJOHÇ°UIFJSÇ°BTTJHOFEÇ°SFTQPOTJCJMJUJFTÇ°XJUIÇ°SFNVneration survey and the rate of salary paid by leading companies in the aviation industry. "OOVBMÇ°TBMBSZÇ°BEKVTUNFOUTÇ°GPSÇ°UIFÇ°EJSFDUPSÇ°QPTJUJPOTÇ°VQXBSETÇ°BSFÇ°BQQSPWFEÇ°CZÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPST Ç°*OÇ°Å³TDBMÇ°ZFBSÇ° 2014, the Board of Directors authorized the President to individually consider annual performances of employees and QFSNBOFOUÇ°PGÅ³DFSTÇ°XJUIÇ°EJSFDUPSÇ°QPTJUJPOTÇ°VQXBSETÇ°PSÇ°FRVJWBMFOUÇ°JOÇ°DPOKVODUJPOÇ°XJUIÇ°FBDIÇ°VOJUÄ´TÇ°HPBMÇ°BDIJFWFNFOUTÇ° which are set in advance.

Ä»Ç°

Monetary Remuneration

Ç°

&YFDVUJWFTÄ´Ç°SFNVOFSBUJPOÇ°JOÇ°UIFÇ°Å³TDBMÇ°ZFBSÇ° Ç°FOEJOHÇ° Ç°4FQUFNCFSÇ° Ç°6OJU Ç°#BIU

Remuneration 4BMBSZÇ° #POVTÇ°BOEÇ°PUIFSTÇ° Ä»Ç°

2013

2014

Number of Executives

Amount

Number of Executives

Ç° Ç°

Amount

Other remuneration -

Provident fund

Ç° Ç° "05Ç° SFHJTUFSFEÇ° UIFÇ° QSPWJEFOUÇ° GVOEÇ° POÇ° Ç° .BSDIÇ° Ç° "05Ä´TÇ° DPOUSJCVUJPOÇ° JTÇ° NBEFÇ° POÇ° UIFÇ° TBNFÇ° EBZÇ° FBDIÇ° member makes his/her contribution on the basis of working years as follows: Ç°

Ç°

$POUSJCVUJPOÇ°BUÇ°UIFÇ°SBUFÇ°PGÇ° Ç°PGÇ°TBMBSZÇ°GPSÇ°FNQMPZFFTÇ°XIPÇ°IBWFÇ°CFFOÇ°XPSLJOHÇ°GPSÇ°MFTTÇ°UIBOÇ° Ç°ZFBST

(2)

Contribution at the rate of 10% of salary for employees who have been working for over 10 years but less than 20 years.

Ç° Ç°

Ç°Ç° $POUSJCVUJPOÇ°BUÇ°UIFÇ°SBUFÇ°PGÇ° Ç°PGÇ°TBMBSZÇ°GPSÇ°FNQMPZFFTÇ°XIPÇ°IBWFÇ°CFFOÇ°XPSLJOHÇ°GPSÇ°PWFSÇ° Ç°ZFBSTÇ°CVUÇ° Ç° Ç° MFTTÇ°UIBOÇ° Ç°ZFBST

Ç°

$POUSJCVUJPOÇ°BUÇ°UIFÇ°SBUFÇ°PGÇ° Ç°PGÇ°TBMBSZÇ°GPSÇ°FNQMPZFFTÇ°XIPÇ°IBWFÇ°CFFOÇ°XPSLJOHÇ°GPSÇ°PWFSÇ° Ç°ZFBST Ç°6OJU Ç°#BIU

Remuneration 1SPWJEFOUÇ°'VOEÇ°

2013 Number of Executives Ç°

2014 Amount Ç°

Number of Executives

Amount

Ç°

Personnel 'VMM UJNFÇ°QFSTPOOFMÇ°FNQMPZFEÇ°CZÇ°"05Ç°BOEÇ°TUBUJPOFEÇ°BUÇ°UIFÇ°)FBEÇ°0GÅ³DFÇ°BTÇ°XFMMÇ°BTÇ° Ç°BJSQPSUTÇ° FYDMVEJOHÇ°PVUTPVSDFEÇ° workers) are as follows: As of 30 September 6OJU Ç°QFSTPO

2014

2013

2012

2011

2010

Ç°

Ç° Ç°

Ç°

%POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°

Ç°

Ç° Ç°

Ç°

$IJBOHÇ°.BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°

Ç°

Ç° Ç°

Ç°

.BFÇ°'BIÇ°-VBOHÇ° Ç°$IJBOHÇ°3BJÇ°Ç° International Airport

Ç°

Ç° Ç°

Ç°

1IVLFUÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°

Ç°

Ç° Ç°

Ç°

)BUÇ°:BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°

Ç°

Ç° Ç°

Ç°

5,477

5,303

4,940

4,790

4,570

)FBEÇ°PGÅ³DFÇ°

Ç°

4VWBSOBCIVNJÇ°"JSQPSUÇ°

Total

For the management of AOTâ&#x20AC;&#x2122;s 6 airports, personnel are vital resources and directly affect the service quality of the BJSQPSUT Ç°XIJDIÇ°QSPWJEFÇ° IPVSÇ°TFSWJDF Ç°5IFSFGPSF Ç°NPTUÇ°PGÅ³DFSTÇ°XPSLÇ°JOÇ°TIJGUTÇ°BOEÇ°BSFÇ°SFRVJSFEÇ°UPÇ°CFÇ°SFBEZÇ°UPÇ°TPMWFÇ° problems. Additionally, AOT has hired a lot of outsourced workers for unskilled and half-skilled labor such as security PGÅ³DFST Ç°BOEÇ°IJHIMZ TLJMMFEÇ°MBCPSÇ°TVDIÇ°BTÇ°FYQMPTJWFÇ°PSEOBODFÇ°EJTQPTBMÇ°UFDIOJDJBOT Ç°"TÇ°PGÇ° Ç°4FQUFNCFSÇ° Ç°"05Ç°IBTÇ°BÇ° UPUBMÇ°OVNCFSÇ°PGÇ° Ç°QFSTPOOFMÇ°BOEÇ°BQQSPYJNBUFMZÇ° Ç°PVUTPVSDFEÇ°XPSLFST AOT believes that current remuneration for personnel is appropriate compared to the market remuneration. Remuneration QBJEÇ°UPÇ°PGÅ³DFSTÇ°DPNQSJTFTÇ°TBMBSJFT Ç°CPOVTFT Ç°BMMPXBODFT Ç°BOEÇ°TVCTJEJFTÇ°TVDIÇ°BTÇ°NFEJDBMÇ°USFBUNFOUÇ°FYQFOTF Ç°BDDPN modation expense, education subsidy and other expenses. Remuneration for personnel also includes provident fund PGÇ°FBDIÇ°FNQMPZFFÇ°XIJDIÇ°"05Ç°NBLFTÇ°NPOUIMZÇ°DPOUSJCVUJPOÇ°POÇ°UIFÇ°CBTJTÇ°PGÇ°ZFBSTÇ°PGÇ°TFSWJDF Ç°TUBGGÇ°XJUIÇ°MFTTÇ°UIBOÇ° Ç°ZFBSTÇ° HFUÇ°BÇ°DPOUSJCVUJPOÇ°PGÇ° Ç°PGÇ°UIFJSÇ°TBMBSJFT Ç°TUBGGÇ°XJUIÇ°NPSFÇ°UIBOÇ° Ç°ZFBSTÇ°CVUÇ°MFTTÇ°UIBOÇ° Ç°ZFBSTÇ°HFUÇ° Ç°PGÇ°UIFJSÇ°TBMBSJFT Ç° TUBGGÇ°XJUIÇ°NPSFÇ°UIBOÇ° Ç°ZFBSTÇ°HFUÇ° Ç°PGÇ°UIFJSÇ°TBMBSJFT Ç°4UBGGÇ°NFNCFSTÇ°IBWFÇ°BÇ°DIPJDFÇ°UPÇ°NBLFÇ°BÇ°NPOUIMZÇ°DPOUSJCVUJPOÇ°PGÇ° Ç° Ç° Ç°PGÇ°UIFJSÇ°TBMBSJFTÇ°EFQFOEJOHÇ°POÇ°UIFÇ°MFOHUIÇ°PGÇ°UIFJSÇ°TFSWJDF Ç°5IFZÇ°XJMMÇ°BMTPÇ°SFDFJWFÇ°BÇ°MVNQÇ°TVNÇ°XIFOÇ°EFDFBTFE Ç° SFUJSFE Ç°PSÇ°UFSNJOBUFEÇ°XJUIÇ°OPÇ°PGGFOTFTÇ°BTÇ°TQFDJÅ³FEÇ°JOÇ°UIFÇ°QSPWJEFOUÇ°GVOEÇ°SFHVMBUJPOT Ç° .PSFPWFS Ç°"05Ç°IBTÇ°BOÇ°BTTJTUBODFÇ°GVOEÇ°XJUIÇ° Ç°NFNCFSTÇ°BTÇ°PGÇ° Ç°4FQUFNCFSÇ° Ç°)PXFWFS Ç°UIFSFÇ°XJMMÇ°CFÇ°OPÇ°NPSFÇ° admission to this fund and the company is making monthly contributions to both funds.

Corporate Governance 1. Corporate governance policy AOTâ&#x20AC;&#x2122;s management is committed to operating its business by adhering to the good corporate governance principal of AOT, practice guideline for directors of listed companies, as well as rules, regulatios and guidelines fo the Stock Exchange of Thailand, the Securties and Exchange Commission. The Board of Directors is determined to develop Ç° JUTÇ°PQFSBUJPOÇ°BOEÇ°SBJTFÇ°DPSQPSBUFÇ°HPWFSOBODFÇ°QSBDUJDFÇ°UPÇ°UIFÇ°JOUFSOBUJPOBMÇ°FYDFMMFODFÇ°MFWFMÇ°UIBUÇ°XJMMÇ°CPPTUÇ°DPOĹłEFODF among shareholders, investors and related parties. The Board of Directors is also committed to oversee the operations Ç° PGÇ°"05Ç°UPÇ°FOTVSFÇ°FGĹłDJFODZÇ°BOEÇ°DPNQMJBODFÇ°XJUIÇ°DPSQPSBUFÇ°HPWFSOBODFÇ°QSJODJQBMÇ°BOEÇ°QPMJDZ In 2014, AOT held meetings of the Corporate Governance Committee and improved Corporate Governance Committee Charter, Corporate Governance Guideline, Self-assessment form of directors and submitted to the Board of Directors for consideration. AOT has carried out business in conformity with the Stock Exchange of Thailandâ&#x20AC;&#x2122;s 2012 Good Corporate Governance of Listed Companies, the summary of which is as follows: 1. Shareholdersâ&#x20AC;&#x2122; right (1) AOT recognizes the importance on shareholdersâ&#x20AC;&#x2122; rights of ownership over AOT exercised through the elected AOTâ&#x20AC;&#x2122;s Board of Directors. In addition to the right of participation and voting in the shareholdersâ&#x20AC;&#x2122; meetings, each shareholder has votes equivalent to the number of shares held and the right for decisions on major changes. AOT also accommodates the participation of institutional investors in the shareholdersâ&#x20AC;&#x2122; meetings. In addition, AOT encourages shareholders to exercise other fundamental rights such as the right to receive equitable treatment Ç° Ç° BOEÇ°QSPĹłU EJWJEFOEÇ°TIBSJOH Ç°UIFÇ°SJHIUÇ°UPÇ°TVCNJUÇ°NFFUJOHÇ°BHFOEBTÇ°BCPVUÇ°UIFÇ°DPNQBOZÇ°QSJPSÇ°UPÇ°UIFÇ°TIBSFIPMEFSTÄ´Ç° meetings and the right express opinions and queries in the shareholdersâ&#x20AC;&#x2122; meeting for joint consideration and approval on important matters of AOT. These include an agenda to consider all types of directorsâ&#x20AC;&#x2122; remuneration such as monthly remuneration meeting allowance and bonus however, other incentives will not submitted to the shareholdersâ&#x20AC;&#x2122; meeting for approval. An agenda on dividend payment, dividend payment policy of the company, proposed dividend rate along with reasons and supporting information are provided to shareholders. For the agenda dealing with the appointment of the AOTâ&#x20AC;&#x2122;s Board of Directors, each nomination will be proposed Ç° Ç° UPÇ°UIFÇ°TIBSFIPMEFSTÇ°GPSÇ°WPUJOH Ç°"Ç°QSPĹłMFÇ°PGÇ°FBDIÇ°EJSFDUPSÇ°QSPWJEJOHÇ°OBNF TVSOBNFÇ°XJUIÇ°BÇ°SFTVNFÇ°DPWFSJOHÇ°BHF Ç° education, work experience and the number of listed or non-listed companies for which the director work, will be disclosed in the shareholdersâ&#x20AC;&#x2122; meeting invitation letter. Moreover, the criteria and selection procedure,

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Ç° Ç°

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Ç° Ç°

Ç° Ç° (4)

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UZQFTÇ°PGÇ°EJSFDUPSÇ°QSPQPTFE Ç°TVDIÇ°BTÇ°EJSFDUPSÇ°PSÇ°JOEFQFOEFOUÇ°EJSFDUPS Ç°BSFÇ°BMTPÇ°JEFOUJÅ³FE Ç°*OÇ°DBTFTÇ°XIFSFÇ°"05Ç° proposes to re-elect eristing directors, AOT will provide information of their meeting attendance in the previous yearâ&#x20AC;&#x2122;s and date of appointment as the directors. For the agenda on remuneration AOT will propose a policy to set the criteria on remuneration payment for each position. For the agenda on the appointment of auditor, "05Ç°XJMMÇ°QSPQPTFÇ°UIFÇ°BQQPJOUNFOUÇ°PGÇ°0GÅ³DFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBM Ç°XIJDIÇ°JTÇ°BOÇ°JOEFQFOEFOUÇ°BHFODZ Ç°BTÇ°"05Ä´TÇ° BVEJUPS Ç°Å³YÇ°UIFÇ°BVEJUÇ°TFSWJDFÇ°GFFÇ°BOEÇ°BQQSPWFÇ°NBKPSÇ°USBOTBDUJPOTÇ°BGGFDUJOHÇ°UIFÇ°CVTJOFTTÇ°EJSFDUJPOÇ°PGÇ°"05 Ç°"05Ä´TÇ° Board of Directors clearly establishes a Good Corporate Governance Policy under which AOT will not take any actions that violates or limits the rights of shareholders and will also avoid adding other agendas without OPUJÅ³DBUJPOÇ°QSJPSÇ°UPÇ°UIFÇ°TIBSFIPMEFSTÄ´Ç°NFFUJOH Ç° "05Ç° IFMEÇ° UIFÇ° Ç° "OOVBMÇ° (FOFSBMÇ° .FFUJOHÇ° PGÇ° 4IBSFIPMEFSTÇ° POÇ° 'SJEBZ Ç° Ç° +BOVBSZÇ° Ç° BUÇ° Ç° IST Ç° BUÇ° Suvarnabhumi Grand Ballroom, Novotel Suvarnabhumi Airport Hotel. AOT placed importance on shareholdersâ&#x20AC;&#x2122; meetings by arranging the meeting venue which is appropriate and convenient to shareholders. AOT provided transportation services to shareholders from AOTâ&#x20AC;&#x2122;s headquarters on Cherdwutagard Road, Kwaeng Sikan, ,IFUÇ°%POÇ°.VFBOH Ç°#BOHLPLÇ°UPÇ°UIFÇ°NFFUJOHÇ°WFOVFÇ° UISFFÇ°USJQTÇ°BUÇ° Ç° Ç°BOEÇ° Ç°IST Ç°"05Ç°BMTPÇ°GBDJMJUBUFEÇ° shareholders who prefered to use Airport Rail Link, City Line by enclosing round-trip Airport Rail Link tickets with the Annual General Meeting invitation letter. "05Ç°JOGPSNFEÇ°TIBSFIPMEFSTÇ°PGÇ°UIFÇ° Ç°BOOVBMÇ°HFOFSBMÇ°TIBSFIPMEFSTÄ´Ç°NFFUJOHÇ°EBUFÇ°BQQSPYJNBUFMZÇ° Ç°NPOUIT in advance to allow shareholders to schedule their attendance. Meeting date was informed on 6 December Ç°BTÇ°TPPOÇ°BTÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°SFTPMWFEÇ°UPÇ°IPMEÇ°UIFÇ°BOOVBMÇ°HFOFSBMÇ°TIBSFIPMEFSTÄ´Ç°NFFUJOHÇ°EBUFÇ°POÇ° 24 January 2014. AOT also informed the shareholders of the date when the list of shareholders who have the SJHIUÇ°UPÇ°QBSUJDJQBUFÇ°JOÇ°UIFÇ° Ç°HFOFSBMÇ°TIBSFIPMEFSTÄ´Ç°NFFUJOHÇ°BOEÇ°UIFÇ°SFDPSEÇ°EBUFÇ°GPSÇ°UIFÇ°SJHIUÇ°UPÇ°SFDFJWFÇ° EJWJEFOEÇ°POÇ° Ç°%FDFNCFSÇ° Ç°XIJMFÇ°UIFÇ°CPPLÇ°DMPTJOHÇ°EBUFÇ°XBTÇ° Ç°%FDFNCFSÇ° At least 17 days prior to the meeting, AOT submitted the letters of invitation both in Thai and English which comprise meeting agendas, with opinions of AOTâ&#x20AC;&#x2122;s Board of Directors, proxy as required by the Ministry of Commerce with explanations, Proxy Forms A, B and C, AOTâ&#x20AC;&#x2122;s Articles of Association relating to shareholdersâ&#x20AC;&#x2122; meeting, a list of names and details of 2 independent directors in case any shareholders prefer to authorize one of them to attend the meeting, conditions, criteria and practices of meeting participation, appointment of proxy and voting and a map of meeting venue. The meeting was posted on a daily newspaper at least 7 days QSJPSÇ°UPÇ°UIFÇ°NFFUJOHÇ°GPSÇ° Ç°DPOTFDVUJWFÇ°EBZT Ç°*OÇ°BEEJUJPO Ç°UIFÇ°JOGPSNBUJPOÇ°BCPVUÇ°UIFÇ°BHFOEBTÇ°PGÇ°FBDIÇ°NFFUJOHÇ° BOEÇ°FBDIÇ°QSPYZÇ°GPSNÇ°XFSFÇ°QPTUFEÇ°POÇ°"05Ä´TÇ°XFCTJUFÇ°GPSÇ°NPSFÇ°UIBOÇ° Ç°EBZTÇ°CFGPSFÇ°UIFÇ°NFFUJOHÇ°UPÇ°BMMPXÇ°UIFÇ° shareholders to have adequate time to study all related information and to allow those who cannot attend the meeting to be able to give proxy to an independent director or another person. *OÇ°UIFÇ°TIBSFIPMEFSTÄ´Ç°NFFUJOH Ç°"05Ç°BDDPNNPEBUFEÇ°UIFÇ°TIBSFIPMEFSTÇ°BOEÇ°JOTUJUVUJPOBMÇ°JOWFTUPSTÇ°XJUIÇ°FRVJUBCMF treatment, ensured security measures for shareholders, provided a counter for document examination and adequate

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and proper registration service spots. Shareholders were required to register their participation not less than 2 hours before of the meeting. AOT provided staff to accommodate the registration for the shareholders and attending proxies. AOT facilitated a barcode system for registration and voting count for shareholdersâ&#x20AC;&#x2122; convenience. In addition, AOT provided duty stamps for shareholders wishing to appoint their proxies to attend the meeting and hold a reception for the participating shareholders. (6) AOTâ&#x20AC;&#x2122;s Board of Directors except directors who were unable to attend the meeting due to urgent matters, and Ç° FYFDVUJWFTÇ°HBWFÇ°JNQPSUBODFÇ°POÇ°UIFÇ°"OOVBMÇ°(FOFSBMÇ°.FFUJOHÇ°PGÇ°4IBSFIPMEFST Ç°5IFÇ° Ç°"OOVBMÇ°(FOFSBMÇ°.FFUJOHÇ° of Shareholders on Friday 24 January 2014 was attended by the Chairman of the Board of Directors, who chaired the Meeting, the Vice Chairman, the Chairman and members of Audit Committee, the Chairman and members of Nomination Committee, the Chairman and members of Remuneration Committee, the members of Corporate Governance Committee, the Chairman and members of Risk Management Committee, Acting Ç° 1SFTJEFOU Ç°UPQÇ°FYFDVUJWFT Ç°UIFÇ°$PSQPSBUFÇ°4FDSFUBSZ Ç°BOEÇ°UIFÇ°$IJFGÇ°'JOBODJBMÇ°0GĹłDFSÇ° $'0 Ç°UPÇ°FYQMBJOÇ°UIFÇ°EFUBJMTÇ° of the agendas and answer questions and take suggestions from shareholders. (7) AOTâ&#x20AC;&#x2122;s auditor and legal consultants who are outsiders acted as inspector to ensure that the shareholdersâ&#x20AC;&#x2122; meeting was transparent and compliant to related laws and regulations. The inspection covers document Ç° WFSJĹłDBUJPOÇ°PGÇ°BUUFOEJOHÇ°TIBSFIPMEFSTÇ°BOEÇ°QSPYZ Ç°TUBLFIPMEFSTÇ°XIPÇ°FYFSDJTFÇ°UIFJSÇ°WPUJOHÇ°SJHIU Ç°CBMMPUÇ°DPVOUJOHÇ° that is in line with AOTâ&#x20AC;&#x2122;s regulations, the review of meeting resolution and voting ballots. Volunteer shareholders were invited to be the witness at the ballot counting. Ç° 5IFÇ°NFFUJOHÇ°QSPDFFETÇ°JOÇ°MJOFÇ°XJUIÇ°UIFÇ°TFRVFODFÇ°PGÇ°BHFOEBÇ°JUFNTÇ°JEFOUJĹłFEÇ°JOÇ°UIFÇ°NFFUJOHÇ°JOWJUBUJPOÇ°MFUUFSÇ° sent out to shareholders in advance. The letter informs shareholders of the objectives and rationales for each proposed agenda item along with opinions of the Board of Directors. The Chairman of the meeting allows the shareholders to express opinions and raise questions on each agenda item. Before every meeting starts, the Chairman assigns the Corporate Secretary to explain voting and counting methods to the shareholders and require voting cards. Ç° 5IFÇ°$IBJSNBOÇ°PGÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°JTÇ°SFHBSEFEÇ°BTÇ°BÇ°SFQSFTFOUBUJWFÇ°PGÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPST Ç°5IVT Ç°UIFÇ°$IBJSNBOÇ° should attend every shareholdersâ&#x20AC;&#x2122; meeting to meet and answer questions from the shareholders. The companyâ&#x20AC;&#x2122;s top management should also attend every shareholdersâ&#x20AC;&#x2122; meeting to answer queries about the companyâ&#x20AC;&#x2122;s management to the shareholders. In addition, the Chairmen of all subcommittees should attend every shareholdersâ&#x20AC;&#x2122; meeting to answer shareholdersâ&#x20AC;&#x2122; questions on issues related to the subcommittees. AOT organizes appropriate Ç° BOEÇ°USBOTQBSFOUÇ°NFFUJOHTÇ°BOEÇ°BMMPDBUFÇ°TVGĹłDJFOUÇ°NFFUJOHÇ°UJNF Ç°%VSJOHÇ°UIFÇ°NFFUJOH Ç°"05Ç°PQFOTÇ°PQQPSUVOJUJFTÇ° for the shareholders to express opinions and ask any questions before voting and concluding the meeting resolution for each agenda item. If there are any questions unrelated to an agenda item during the meeting, the Chairman of the Board of Directors or Top Executives will answer the queries in an agenda of other matters because they need time to consider each agenda item properly. (10) AOT preserves the rights of shareholders to register after the meeting starts, and to vote in the ongoing agendas and the subsequent ones. (11) AOT immediately informs the shareholders of meeting resolutions on the day after the meeting, and prepares and submits the minutes of each meeting to the Stock Exchange of Thailand and the Securities and Exchange Commission within 14 days after the meeting date. The minutes are correctly, completely and clearly prepared Ç° SFPSEJOHÇ°UIFÇ°OBNFTÇ°PGÇ°UIFÇ°BUUFOEJOHÇ°BOEÇ°BCTFOUÇ°EJSFDUPST Ç°TJHOJĹłDBOUÇ°SFNBSLT Ç°2 "Ç°PGÇ°PQJOJPOT Ç°5IFÇ°TVNNBSZÇ° of the meetingâ&#x20AC;&#x2122;s resolutions is divided into number of ballots, whelter approved disapgtched abstained. Minutes of meeting both in Thai and English are also pubished on AOTâ&#x20AC;&#x2122;s website www.airportthai.co.th to facilitate the access to information of shareholders Moreover, the meeting minutes are dispatched to shareholders for acknowledgement and approval. The shareholders can make any corrections on the meeting minutes as deemed appropriate and send them back to AOT within the timeframe without having to wait for approval of the minutes in the next shareholdersâ&#x20AC;&#x2122;s meeting.

(12) AOT clearly discloses shareholding structures of its subsidiarie and associates on AOTâ&#x20AC;&#x2122;s website and annual Ç° Ç° SFQPSUÇ°UPÇ°FOTVSFÇ°4IBSFIPMEFSTÄ´Ç°DPOĹłEFODFÇ°POÇ°UIFÇ°USBOTQBSFODZÇ°BOEÇ°BDDPVOUBCJMJUZÇ°JOÇ°"05Ä´TÇ°PQFSBUJPOT 2. Equitable Treatment of Shareholders AOT emphasizes and provides equitable and fair treatment to every shareholder regardless of sex, age, race, nationality, religion, belief, social status, or physical disability. To that effect, the company has taken many efforts as follows: (1) The minority sole or joint shareholders with not less than 100,000 shares have the rights to propose an annual Ç° Ç° HFOFSBMÇ°NFFUJOHÇ°JUFNTÇ°BOEÇ°OPNJOBUFÇ°BÇ°RVBMJĹłFEÇ°QFSTPOÇ°GPSÇ°EJSFDUPSTIJQÇ°QSJPSÇ°UPÇ°UIFÇ°"OOVBMÇ°(FOFSBMÇ°.FFUJOH of Shareholders, which is announced to the shareholders through the Stock Exchange of Thailandâ&#x20AC;&#x2122;s website Ç° Ç° Ç°NPOUITÇ°CFGPSFÇ°UIFÇ°FOEÇ°PGÇ°UIFÇ°ĹłTDBMÇ°ZFBSÇ° Ç°+VMZÇ° Ç° Ç°4FQUFNCFSÇ° Ç°PSÇ°BUÇ°MFBTUÇ° Ç°NPOUITÇ°QSJPSÇ°UPÇ°UIFÇ°"OOVBMÇ° General Meeting. The shareholders are informed of the criteria in considering the shareholdersâ&#x20AC;&#x2122; proposed agendas and candidates. The information of which is informed through AOTâ&#x20AC;&#x2122;s website. The Nomination Committee Ç° Ç° FYBNJOFTÇ°XIFUIFSÇ°UIFÇ°OPNJOFFÇ°JTÇ°RVBMJĹłFEÇ°BOEÇ°UIFOÇ°TVCNJUTÇ°UIFÇ°OBNFÇ°UPÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°GPSÇ°BQQSPWBMÇ° before proposing it for consideration at the Shareholdersâ&#x20AC;&#x2122; Meeting. The company requests the shareholders to elect each candidate for the director individually. Ç° Ç° "05Ç°BSSBOHFTÇ°UIFÇ°TIBSFIPMEFSTÄ´Ç°NFFUJOHÇ°GPMMPXJOHÇ°UIFÇ°BHFOEBTÇ°OPUJĹłFEÇ°JOÇ°UIFÇ°OPUJDFÇ°PGÇ°TIBSFIPMEFSTÄ´Ç°NFFUJOH The company has no policy to add more agendas without informing shareholders in advance so that the shareholders Ç° Ç° IBWFÇ°TVGĹłDJFOUÇ°UJNFÇ°UPÇ°TUVEZÇ°EFUBJMTÇ°BOEÇ°JOGPSNBUJPOÇ°QFSUJOFOUÇ°UPÇ°FBDIÇ°JUFNÇ°CFGPSFÇ°NBLJOHÇ°EFDJTJPOT Ç° Ç° "05Ç°QSPWJEFTÇ°QSPYZÇ°GPSNTÇ°GPSÇ°TIBSFIPMEFSTÇ°UPÇ°FODPVSBHFÇ°UIFNÇ°UPÇ°FYFSDJTFÇ°UIFJSÇ°WPUJOHÇ°SJHIUTÇ°BOEÇ°QSPQPTFTÇ° 2 Independent Directors. The shareholders are entitled to appoint an Independent Director as their representative, using the proxy forms A, B and C as established by the Ministry of Commerce, which are attached with the letter of invitation. The required documents for proxy are also stated clearly with explanations to facilitate shareholders and encourage them to exercise their right to attend the meeting and cast their votes on each Ç° Ç° BHFOEB Ç°5IFÇ°EPDVNFOUÇ°DMFBSMZÇ°TQFDJĹłFTÇ°EPDVNFOUÇ°SFRVJSFEÇ°GPSÇ°BQQPJOUÇ°QSPYZÇ°BOEÇ°QSPYZÇ°BQQPJOUNFOUÇ°QSPDFEVSF Ç° enabling shareholders to prepare complete and accurate document to make proxy appointment easy and effective. (4) AOT encourages shareholders to use separate ballots for each agenda so they can cast their votes as deemed appropriate. During the meeting, the ballots for each agenda are collected and merged with the advance voting Ç° Ç° WJBÇ°QSPYZ Ç°5IFÇ°CBSDPEFÇ°TZTUFNÇ°JTÇ°FNQMPZFEÇ°GPSÇ°UIFÇ°SFTVMUTÇ°PGÇ°UIFÇ°WPUFÇ°DPVOUT Ç°5IFÇ°DPNQBOZÇ°PGĹłDFSTÇ°TUBOEÇ°CZÇ° to facilitate ballot collection and compile the voting results at the meeting with the votes that shareholders casted prior to the meeting as stated in the proxy form. The resolutions are subsequently announced at the meeting. To ensure transparency, the ballots are counted in the presence of volunteer shareholders verifying the results which will be kept for future checks. Ç° Ç° 5IFÇ°TIBSFIPMEFSTÇ°BSFÇ°BMMPXFEÇ°UPÇ°FMFDUÇ°FBDIÇ°DBOEJEBUFÇ°GPSÇ°EJSFDUPSÇ°QPTJUJPOÇ°JOEJWJEVBMMZ Ç° Ç° "05Ç°IBTÇ°FTUBCMJTIFEÇ°NFBTVSFTÇ°BHBJOTUÇ°UIFÇ°NJTVTFÇ°PGÇ°JOUFSOBMÇ°JOGPSNBUJPO Ç°*OÇ°DPNQMJBODFÇ°XJUIÇ°"SUJDMFÇ° Ç°PGÇ°UIF Ç° Ç°Ç° 4FDVSJUJFTÇ°BOEÇ°&YDIBOHFÇ°"DUÇ°# & Ç°UIFÇ°%JSFDUPST Ç°&YFDVUJWFTÇ°BOEÇ°7JDFÇ°1SFTJEFOUÇ°PGÇ°'JOBODFÇ°%FQBSUNFOUÇ°BOEÇ° Accounting Department must report AOT shareholdings belonging to themselves, their spouses and children under the legal of age to the Securities and Exchange Commission when they are initially appointed to the positions. They must also report on any buying, selling, or transferring of the stocks regardless of value to the Ç° Ç° 4FDVSJUJFTÇ°BOEÇ°&YDIBOHFÇ°$PNNJTTJPOÇ°XJUIJOÇ° Ç°XPSLJOHÇ°EBZT (7) AOTâ&#x20AC;&#x2122;s directors and executives are required to submit reports of their interests and the interests of concerned parties including newly appointed directors and executives, using the form approved by the Board of Directors,

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UPÇ°UIFÇ°$PNQBOZÇ°4FDSFUBSZÇ°XJUIJOÇ° Ç°XPSLJOHÇ°EBZTÇ°BGUFSÇ°SFDFJWJOHÇ°OPUJĹłDBUJPOÇ°GSPNÇ°"05 Ç°"OZÇ°DIBOHFTÇ°PGÇ°EBUBÇ° must be reported to the Company Secretary within 7 working days from the day the changes are made. The Company Secretary submits the copy of the change to the Chairman of the Board of Directors and the Chairman of Audit Committee for acknowledgement and keeps the original document for AOTâ&#x20AC;&#x2122;s internal use only. Ç° Ç° "05Ç°HJWFTÇ°UIFÇ°SJHIUÇ°UPÇ°BMMÇ°TIBSFIPMEFSTÇ°UPÇ°FRVJUBCMZÇ°DBTUÇ°UIFJSÇ°WPUFT Ç°UIBUÇ°JTÇ°POFÇ°TIBSFÇ°FRVBMTÇ°UPÇ°POFÇ°WPUF Ç° 3. The Role of Stakeholders Ç° "05Ç°SFBMJ[FTÇ°UIFÇ°TJHOJĹłDBODFÇ°PGÇ°UIFÇ°SJHIUTÇ°PGÇ°TUBLFIPMEFSTÇ°XIFUIFSÇ°CFJOHÇ°CPUIÇ°JOUFSOBMÇ°TVDIÇ°BTÇ°FNQMPZFFTÇ°BOEÇ° executives of AOT, and subsidiaries or external such as shareholders, customers, employees, the government, joint venture partners, business partners, creditors, society, community, and other related agencies. AOT is to ensure that basic rights of these individuals and agencies are well protected and looked after in accordance with the law and applicable regulations. AOT also realizes the support of stakeholders which creates competition capability Ç° BOEÇ°QSPĹłUÇ°BOEÇ°UIJTÇ°IBTÇ°MFEÇ°UPÇ°"05Ä´TÇ°MPOH UFSNÇ°TVDDFTT Ç°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°IBTÇ°DMFBSMZÇ°EFĹłOFEÇ°UIFÇ°HVJEFMJOFTÇ° in its corporate governance policy which are disclosed on AOTâ&#x20AC;&#x2122;s website. The company operates with respect to the rights of all stakeholders everywhere it carries out business. In addition, AOT prepares a Corporate Social Responsibility Report as a part of the Annual Report and a separate CSR Report in accordance with the GRI framework (see CSR Report 2014). AOT also puts emphasis on providing communication channels to stakeholders for the exchange of information and opinions by providing the channel for disclosure of essential information on the website www.airportthai.co.th. Ç° 4UBLFIPMEFSTÇ°BOEÇ°DPODFSOFEÇ°QBSUJFTÇ°BSFÇ°BMMPXFEÇ°UPÇ°ĹłMFÇ°HSJFWBODFTÇ°GPSÇ°VOGBJSÇ°USFBUNFOUÇ°GSPNÇ°"05Ç°BOEÇ°FODPVSBHFEÇ° to provide comments regarding improprieties at the counter service in each airport. Stakeholders and concerned parties can also report fraudulent actions and behavior of AOTâ&#x20AC;&#x2122;s employees and other stakeholders. AOT emphasizes Ç° UIFÇ°JNQPSUBODFÇ°PGÇ°NBJOUBJOJOHÇ°DPOĹłEFOUJBMJUZÇ°BOEÇ°POMZÇ°VTFTÇ°PSÇ°EJTDMPTFTÇ°UIFÇ°JOGPSNBUJPOÇ°UPÇ°UIFÇ°FOUSVTUFEÇ°PSÇ°DPODFSOFEÇ° Ç° HSPVQÇ°PGÇ°QFPQMF Ç°5IFÇ°XIPMFÇ°QSPDFEVSFÇ°BOEÇ°UIFÇ°JOUFSSPHBUJPOÇ°BSFÇ°EFĹłOFEÇ°JOÇ°XSJUJOH Ç°(PPEÇ°(PWFSOBODFÇ°$PNNVOJDBUJPOÇ° Channels are as follows: (1) E-mail address: goodgovernance@airportthai.co.th Ç° Ç° 8FCTJUFÇ°XXX BJSQPSUUIBJ DP UI Ç°VOEFSÇ°UIFÇ°UPQJDÇ°PGÇ°Äś$POUBDUÇ°VTÄˇ Ç°Äś4FOEÇ°& NBJMÇ°UPÇ°"05ÄˇÇ°VOEFSÇ°UIFÇ°HPPEÇ°DPSQPSBUFÇ° governance issues (contact the Corporate Governance Committee) Ç° Ç° 1 0 #PYÇ° Ç°%POÇ°.VFBOHÇ°4VC 1PTUÇ°0GĹłDF Ç°#BOHLPLÇ° Ç° Ç° 0QJOJPOÇ°CPYFTÇ°BUÇ°UIFÇ°)FBERVBSUFSTÇ°BOEÇ°UIFÇ°PGĹłDFÇ°JOÇ°FBDIÇ°PGÇ° Ç°BJSQPSUTÇ°VOEFSÇ°"05Ä´TÇ°SFTQPOTJCJMJUZ The Treatment of Stakeholders "05Ç°JTÇ°DPNNJUUFEÇ°UPÇ°QSPNPUJOHÇ°DPPQFSBUJPOÇ°CFUXFFOÇ°UIFÇ°DPNQBOZÇ°BOEÇ°UIFÇ°TUBLFIPMEFSTÇ°UPÇ°DSFBUFÇ°ĹłOBODJBMÇ°TUBCJMJUZÇ° BOEÇ°CVTJOFTTÇ°TVTUBJOBCJMJUZ Ç°*OÇ° Ç°"05Ç°UBLFTÇ°DBSFÇ°PGÇ°BMMÇ°HSPVQTÇ°PGÇ°CPUIÇ°JOUFSOBMÇ°BOEÇ°FYUFSOBMÇ°TUBLFIPMEFSTÇ°BTÇ°TQFDJĹłFEÇ° JOÇ°$PSQPSBUFÇ°(PWFSOBODFÇ°)BOECPPLÇ°DJSDVMBUFEÇ°UPÇ°PGĹłDFSTÇ°BOEÇ°QPTUFEÇ°POÇ°UIFÇ°XFCTJUFÇ°BTÇ°GPMMPXT ShareholdersÇ° ÄťÇ° "05Ç°QMFEHFTÇ°UPÇ°CFÇ°BÇ°HPPEÇ°SFQSFTFOUBUJWFÇ°PGÇ°TIBSFIPMEFSTÇ°JOÇ°DPOEVDUJOHÇ°CVTJOFTTÇ°USBOTQBSFOUMZÇ°XJUIÇ° emphasis on creating long-term economic value and good returns for shareholders Ç° Ç° Ç° Ç° ÄťÇ° 5PÇ°QFSGPSNÇ°EVUJFTÇ°CBTFEÇ°POÇ°IPOFTUZÇ°BOEÇ°QSVEFODFÇ°GPSÇ°QSFTFOUÇ°BOEÇ°GVUVSFÇ°JOUFSFTUTÇ°PGÇ°NBKPSÇ°BOEÇ° minor shareholders and all concerned group of stakeholders Ç° Ç° Ç° Ç° ÄťÇ° 5PÇ° DPOEVDUÇ° CVTJOFTTÇ° XJUIÇ° FNQIBTJTÇ° POÇ° DSFBUJOHÇ° MPOH UFSNÇ° FDPOPNJDÇ° WBMVFÇ° BOEÇ° HPPEÇ° SFUVSOTÇ° GPS shareholders

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ÄťÇ° 5PÇ°EJTDMPTFÇ°CPUIÇ°ĹłOBODJBMÇ°BOEÇ°OPO ĹłOBODJBMÇ°JOGPSNBUJPOÇ°XJUIÇ°TVGĹłDJFOUÇ°EFUBJMTÇ°JOÇ°EVFÇ°UJNFÇ°BTÇ°XFMMÇ°BTÇ° the AOTâ&#x20AC;&#x2122;s operating results in a factual, complete, adequate, constant and timely manner to actually Ç° Ç° Ç° Ç° Ç° SFQSFTFOUÇ°UIFÇ°"05Ä´TÇ°ĹłOBODJBMÇ°BOEÇ°PQFSBUJPOBMÇ°QFSGPSNBODF Ç° Ç° Ç° Ç° ÄťÇ° 5IFÇ°$PSQPSBUFÇ°(PWFSOBODFÇ°-JCSBSZÇ°JTÇ°BÇ°TQFDJĹłDÇ°DPSOFSÇ°JOÇ°UIFÇ°"05Ä´TÇ°MJCSBSZÇ°BOEÇ°UIFÇ°JOGPSNBUJPOÇ°DFOUFSÇ° that provides information about AOTâ&#x20AC;&#x2122;s operations, such as airport development plan, procurement document, contracts whose value exceed 1 million Baht, for example. EmployeesÇ° ÄťÇ° "05Ç°SFDPHOJTFTÇ°UIBUÇ°JUTÇ°FNQMPZFFTÇ°QMBZÇ°BÇ°DSVDJBMÇ°SPMFÇ°JOÇ°BDIJFWJOHÇ°TVDDFTT Ç°5IFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ° therefore has a policy for compensation and employee welfare. The AOTâ&#x20AC;&#x2122;s regulations on employeesâ&#x20AC;&#x2122; rights are disclosed in chain-type letters sent to the employees and uploaded to the Intranet. This is to develop knowledge and ability of employees at all levels and enhance their operating capabilities constantly throughout the year. Ç° Ç° Ç° Ç° ÄťÇ° 5IFÇ°DPNQBOZÇ°QSPWJEFTÇ°DPNQMBJOUÇ°DIBOOFMTÇ°GPSÇ°FNQMPZFFTÇ°XIFSFÇ°UIFSFÇ°JTÇ°BÇ°DPOĹ´JDUÇ°CFUXFFOÇ°FNQMPZFFTÇ° or between an employee and his/her supervisor. The employee submitting a complaint according to the procedures set out by AOT in good faith shall be protected and the complaint shall not cause dismissal or any disciplinary action on the part of the complain or witnesses. Ç° Ç° Ç° Ç° ÄťÇ° "05Ç° IBTÇ° UIFÇ° FOFSHZÇ° TBWJOHÇ° QPMJDZ Ç° *UÇ° JTÇ° FWFSZÇ° PGĹłDFSÄ´TÇ° EVUZÇ° UPÇ° DPOUJOVBMMZÇ° DPPQFSBUFÇ° JOÇ° FOFSHZÇ° Ç° Ç° Ç° Ç° Ç° NBOBHFNFOUÇ°UPÇ°DSFBUFÇ°NBYJNVNÇ°CFOFĹłUTÇ°VOEFSÇ°(SFFOÇ°"JSQPSUÇ°DPODFQU Ç° Ç° Ç° Ç° ÄťÇ° 5IFÇ°DPNQBOZÇ°FOTVSFTÇ°FRVJUBCMFÇ°USFBUNFOU Ç°HPPEÇ°XPSLJOHÇ°FOWJSPONFOUÇ°BTÇ°XFMMÇ°BTÇ°BQQSPQSJBUFÇ°BOEÇ° fair remuneration for every employee, such as the establishment of the provident fund, medical expense reimbursement, establishment plan for AOT saving and credit cooperative limited. The airport club has also been established to support various activities, such as educational trips, traveling, sports both in AOT and with state enterprises. Ç° Ç° Ç° Ç° ÄťÇ° 5IFSFÇ°JTÇ°BÇ°TUBOEBSEJ[BUJPO Ç°TBGFUZ Ç°PDDVQBUJPOBMÇ°IFBMUIÇ°BOEÇ°FOWJSPONFOUÇ°JOÇ°UIFÇ°XPSLQMBDFÇ°GPSÇ°BMMÇ°"05Ä´TÇ° Ç° Ç° Ç° Ç° Ç° FNQMPZFFT Ç°"05Ç°IFBEÇ°PGĹłDFÇ°IBTÇ°SFDFJWFEÇ°UIFÇ°0VUTUBOEJOHÇ°0SHBOJ[BUJPOÇ°JOÇ°4BGFUZ Ç°0DDVQBUJPOBMÇ°)FBMUI Ç° and Working Environment award from Department of Labor Protection and Welfare, Ministry of Labor Ç° Ç° Ç° Ç° Ç° GPSÇ° Ç°DPOTFDVUJWFÇ°ZFBST GovernmentÇ° ÄťÇ° 5PÇ° CFÇ° BDDPVOUBCMFÇ° GPSÇ° UIFÇ° HPWFSONFOUÇ° TFDUPS Ç° "05Ç° JTÇ° DPNNJUUFEÇ° UPÇ° DPOEVDUJOHÇ° CVTJOFTTÇ° JOÇ° GVMMÇ° compliancewith the laws and all applicable regulations of the overseeing agencies. The company Ç° Ç° Ç° Ç° Ç° IBTÇ°QSPWJEFEÇ°DPOTUBOUÇ°TVQQPSUÇ°GPSÇ°UIFÇ°HPWFSONFOUÇ°QSPKFDUTÇ°UPÇ°FOTVSFÇ°NBYJNVNÇ°CFOFĹłUTÇ°GPSÇ°TPDJFUZÇ°BTÇ° a whole and to retain good relationships with the government agencies. The company deals with government agencies transparently and is ready to provide accurate and complete information to the government agencies upon request so as to ensure transparency and create mutual trust and Ç° Ç° Ç° Ç° Ç° DPOĹłEFODF Ç° Ç° Ç° Ç° ÄťÇ° "05Ç°IBTÇ°EFWFMPQFEÇ°UIFÇ° Ç°BJSQPSUTÇ°VOEFSÇ°JUTÇ°SFTQPOTJCJMJUZÇ°JOUPÇ°UIFÇ°BWJBUJPOÇ°BOEÇ°UPVSJTNÇ°IVCTÇ°CZÇ°UBLJOHÇ° advantage of the geographical location of the country and strengthening the countryâ&#x20AC;&#x2122;s economic growth. Society, ÄťÇ° "05Ç°IBTÇ°PSHBOJ[FEÇ°DPNNVOJUZÇ°BDUJWJUJFTÇ°JOTJEFÇ°BOEÇ°PVUTJEFÇ°JUTÇ°PQFSBUJOHÇ°BSFBT Ç°"05Ç°KPJOUMZÇ°TVQQPSUTÇ° Community education, sports, culture and professional development for better quality of life of the community. andÇ°Ç° Ç° Ç° ÄťÇ° 5IFÇ°DPNQBOZÇ°BUUBDIFTÇ°TJHOJĹłDBODFÇ°UPÇ°MJWJOHÇ°JOÇ°IBSNPOZÇ°XJUIÇ°TPDJFUZÇ°BOEÇ°UIFÇ°DPNNVOJUJFTÇ°XIFSFÇ°"05 Environment operates. The company strives to foster good relationships with the communities, collaborating in Ç° Ç° Ç° Ç° Ç° TPMWJOHÇ°QSPCMFNTÇ°UPÇ°DSFBUFÇ°DPOĹłEFODFÇ°JOÇ°UIFÇ°DPNNVOJUJFTÇ°BOEÇ°TPDJFUZÇ°BTÇ°BÇ°XIPMFÇ° GVSUIFSÇ°EFUBJMTÇ° can be found in CSR report 2014). BusinessÇ° Ç° ÄťÇ° "05Ç°IBTÇ°QSPDFFEFEÇ°UPÇ°DPNQMZÇ°XJUIÇ°UIFÇ°DPOUSBDUT Ç°BHSFFNFOUTÇ°PSÇ°DPOEJUJPOTÇ°FOUFSFEÇ°JOUPÇ°XJUIÇ°UIFÇ° Partners AOTâ&#x20AC;&#x2122;s business partners based on equity and fairness for the optimum interest of both parties. In

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case that it cannot fully respect the conditions set in the contracts, AOT will inform its business QBSUOFSTÇ°JOÇ°BEWBODFÇ°JOÇ°PSEFSÇ°UPÇ°XPSLÇ°UPHFUIFSÇ°UPÇ°ĹłOEÇ°UIFÇ°CFTUÇ°BOEÇ°SFBTPOBCMFÇ°TPMVUJPOÇ°GPSÇ°BMM "05Ç°TIBMMÇ°OPUÇ°SFRVFTUÇ°PSÇ°SFDFJWFÇ°BOZÇ°CFOFĹłUTÇ°UIBUÇ°JTÇ°EJTIPOFTUÇ°UPÇ°CVTJOFTTÇ°QBSUOFST "05Ç°FYQBOETÇ°JUTÇ°DPOUBDUÇ°DIBOOFMÇ°WJBÇ°JUTÇ°XFCTJUFÇ°UPÇ°BDDPNNPEBUFÇ°JUTÇ°CVTJOFTTÇ°QBSUOFSTÇ°BOEÇ°TUBLF holdersand asks via the website for the establishment of Customer Relation Management (CRM). "05Ç°GPMMPXTÇ°UIFÇ°GSBNFXPSLÇ°PGÇ°HPPEÇ°CVTJOFTTÇ°DPNQFUJUJPOÇ°CZÇ°DPOUJOVBMMZÇ°JNQSPWJOHÇ°TFSWJDFTÇ°JOÇ°PSEFSÇ° to create passengersâ&#x20AC;&#x2122; satisfaction. The Airport of Smiles strategy is used to impress passengers with smiles. "05Ç°TIBMMÇ°GVMMZÇ°DPNQFUFÇ°XJUIÇ°JOEFQFOEFODFÇ°BOEÇ°GBJSOFTTÇ°CBTFEÇ°POÇ°UIFÇ°"JSQPSUÇ°$PVODJMÇ°*OUFSOBUJPOBM (ACI) which regulates service and facility standards and facilitation in airports worldwide. "05Ç° USFBUTÇ° DSFEJUPSTÇ° XJUIÇ° GBJSOFTT Ç° SFTQPOTJCJMJUZÇ° BOEÇ° USBOTQBSFODZÇ° CZÇ° TUSJDUMZÇ° DPNQMZJOHÇ° XJUIÇ° UIF UFSNTÇ° PGÇ° DPOUSBDUTÇ° BOEÇ° ĹłOBODJBMÇ° PCMJHBUJPOTÇ° SFHBSEJOHÇ° SFQBZNFOU Ç° BTTFUTÇ° TBGFHVBSEJOH Ç° BOEÇ° PUIFSÇ° conditions including the misuse of loan as agreed with the creditors, the use of dishonest procedure and the concealing of facts that will cause damages to the creditors. "05Ç°TIBMMÇ°JOEJTDSJNJOBUFMZÇ°DPNNJUÇ°UPÇ°BOEÇ°IPOPSÇ°UIFÇ°PCMJHBUJPOTÇ°BHSFFEÇ°XJUIÇ°UIFÇ°EFCUPSTÇ°SFHBSEJOHÇ° loan recovery and collection. Whereby the debtors fail to meet the obligations, the negotiation shall be FNQMPZFEÇ°XJUIÇ°OPÇ°EFMBZÇ°UPÇ°ĹłOEÇ°BÇ°NVUVBMÇ°TPMVUJPOÇ°VOEFSÇ°UIFÇ°CFTUÇ°QSBDUJDFTÇ°PGÇ°DPSQPSBUFÇ°HPWFSOBODF Ç° %FCUPSTÇ°BSFÇ°SFHVMBSMZÇ°QSPWJEFEÇ°XJUIÇ°SFQPSUTÇ°POÇ°BDDSVFEÇ°MJBCJMJUZÇ°JOÇ°BOÇ°BDDVSBUF Ç°DPNQMFUFÇ°BOEÇ°UJNFMZÇ° manner. 5IFÇ°DPNQBOZÇ°PQFSBUFTÇ°JOÇ°GVMMÇ°DPNQMJBODFÇ°XJUIÇ°UIFÇ°MBXT Ç°SFHVMBUJPOT Ç°BOEÇ°DPOEJUJPOTÇ°SFHBSEJOHÇ°USFBUNFOUTÇ° of debtors. "05Ç°DPPQFSBUFTÇ°BOEÇ°TVQQPSUTÇ°DPNNVOJUZÇ°EFWFMPQNFOUÇ°BOEÇ°FOIBODFTÇ°DVMUVSFÇ°BOEÇ°RVBMJUZÇ°PGÇ°MJGFÇ°PGÇ°UIFÇ° communities surrounding the airports so that these grow in parallel with the airport business. "05Ç°CSJOHTÇ°TBUJTGBDUJPOÇ°BOEÇ°DPOĹłEFODFÇ°UPÇ°JUTÇ°DVTUPNFSTÇ°BOEÇ°UIFÇ°QVCMJDÇ°UPÇ°FOTVSFÇ°UIBUÇ°UIFZÇ°SFDFJWFÇ° high-quality services with safety. AOT continues to raise and sustain its high standards to serve its customers and the public. "05Ç°JOGPSNTÇ°UIFÇ°QVCMJDÇ°BCPVUÇ°JUTÇ°RVBMJUZÇ°TFSWJDFTÇ°BDDVSBUFMZ Ç°DPNQMFUFMZ Ç°BOEÇ°JOÇ°BÇ°UJNFMZÇ°NBOOFSÇ°BOEÇ° also builds good and sustainable rapport with the public. "05Ç°TFUTÇ°VQÇ°UIFÇ°DPNQMBJOUÇ°TZTUFNÇ°GPSÇ°UIFÇ°DVTUPNFSTÇ°BOEÇ°UIFÇ°QVCMJDÇ°UPÇ°NBLFÇ°DPNQMBJOUTÇ°BCPVUÇ°TBGFUZ Ç° GBDJMJUJFT Ç°TFSWJDFT Ç°BOEÇ°DVTUPNFSÇ°TBUJTGBDUJPOÇ°TPÇ°UIBUÇ°UIFÇ°DPNQBOZÇ°DBOÇ°ĹłOEÇ°PQUJNBMÇ°TPMVUJPOTÇ°UPÇ°CFTUÇ° serve the customers and the public. "05Ç°QMBDFTÇ°JNQPSUBODFÇ°POÇ°IVNBOÇ°SJHIUT Ç°*OÇ° Ç°BMMÇ°BJSQPSUTÇ°VOEFSÇ°"05Ä´TÇ°TVQFSWJTJPOÇ°JNQMFNFOUFEÇ° facility and service development projects for disabled passengers so that they could enjoy more DPOWFOJFODFÇ°JOÇ°MJOFÇ°XJUIÇ°UIFÇ°.JOJTUSZÇ°PGÇ°5SBOTQPSUÄ´TÇ°QPMJDZÇ°VOEFSÇ°BTÇ°JUTÇ°TMPHBOÇ°Äś$POWFOJFODFÇ°BOEÇ° Safe...A New Era of Transport to Care for the Disabledâ&#x20AC;?. "05Ç°NBOBHFTÇ°MBSHFÇ°BJSQPSUTÇ°BOEÇ°IBTÇ°CPUIÇ°PQFSBUJOHÇ°EFQBSUNFOUTÇ°JOÇ°4VWBSOBCIVNJÇ°"JSQPSUÇ°BOEÇ°TFWFSBMÇ° outsourcing companies facilitating passenger service. AOT, therefore, organizes an annual seminar VOEFSÇ°UIFÇ°Äś,POÇ°#BBOÇ°%JFXÇ°,BOÄˇÇ°QSPKFDUÇ° QFPQMFÇ°MJWFÇ°JOÇ°UIFÇ°TBNFÇ°DPNNVOJUZ Ç°*OÇ° Ç°"05Ç°PSHBOJ[FEÇ° a seminar to inform the departments and workers in Suvarnabhumi Airport of the preparedness for entering into ASEAN Economics Community (AEC). This aims to develop knowledge and understanding on the roles and duties of each individual as well as encourage awareness among workers in Suvarnabhumi Airport. Such a mechanism is crucial for driving forward Suvarnabhumi Airportâ&#x20AC;&#x2122;s mission BOEÇ°SFDPHOJ[JOHÇ°JUTÇ°PXOÇ°CFOFĹłUTÇ°BOEÇ°JNQPSUBODF

4. Information Disclosure and Transparency Disclosure of information is one of vital principles of good corporate governance. AOT greatly empnasizes on information disclosure to the Stock Exchange of Thailand and shareholders in accurate, complete, timely and reliable manner and allows all parties to access information equitably. The Corporate Secretary supervises the disclosure of information to the Stock Exchange of Thailand while AOTâ&#x20AC;&#x2122;s Investor Relations Department provides information and responds to queries from outsiders such as general investors, institutional investors and analysts. The disclosure of essential information is also published on AOTâ&#x20AC;&#x2122;s website in bilingual version, such as annual reports, good governance policies, the companyâ&#x20AC;&#x2122;s information, and news and notices. The website is also constantly improved so that shareholders and outsiders receive information in timely and accessible manners for maximized Ç° CFOFĹłUT 5IFÇ°JOGPSNBUJPOÇ°JTÇ°BTÇ°GPMMPXT Ç° Ç° "05Ä´TÇ°FTTFOUJBMÇ°JOGPSNBUJPOÇ°DPOTJTUTÇ°PGÇ°CPUIÇ°ĹłOBODJBMÇ°BOEÇ°OPO ĹłOBODJBMÇ°JOGPSNBUJPO Ç°5IFÇ°ĹłOBODJBMÇ°TUBUFNFOUTÇ° Ç° Ç° NVTUÇ°CFÇ°WFSJĹłFEÇ°BOEÇ°JOTQFDUFEÇ°CZÇ°UIFÇ°BVEJUPSÇ°BOEÇ°EFFNFEÇ°UPÇ°CFÇ°BDDVSBUFÇ°JOÇ°BMMÇ°NBUFSJBMÇ°SFTQFDUTÇ°BOEÇ°JOÇ° conformity with the generally-accepted accounting principles. They are approved by the Audit Committee and the Board of Directors before disclosing to shareholders. The Board of Directors is also required to report Ç° Ç° POÇ°JUTÇ°ĹłOBODJBMÇ°SFTQPOTJCJMJUJFTÇ°BOEÇ°UIFÇ°SFQPSUTÇ°PGÇ°UIFÇ°"VEJUÇ°$PNNJUUFFÇ°BOEÇ°UIFÇ°BVEJUPSÇ°JOÇ°UIFÇ°BOOVBMÇ°SFQPSU Ç° In addition, AOT exchanges information within its organization and includes management discussion and analysis Ç° Ç° JOÇ°UIFÇ° Ç°BOOVBMÇ°SFQPSUÇ°BOEÇ°GPSNÇ° Ç° Ç° *OGPSNBUJPOÇ°EJTDMPTFEÇ°UPÇ°UIFÇ°QVCMJD Ç°TIBSFIPMEFSTÇ°BOEÇ°JOWFTUPSTÇ°BDDPSEJOHÇ°UPÇ°1VCMJDÇ°*OGPSNBUJPOÇ°"DUÇ°# & Ç° Ç° In addition to the Good Corporate Governance Library, is publicized on its website in both Thai and English Ç° Ç° DPWFSJOHÇ°HFOFSBMÇ°JOGPSNBUJPOÇ°BCPVUÇ°UIFÇ°DPNQBOZ Ç°QSPĹłMFÇ°PGÇ°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPST Ç°BOOVBMÇ°SFQPSUT Ç°DPSQPSBUF social responsibility, report invitation to shareholdersâ&#x20AC;&#x2122; meetings, minutes of shareholdersâ&#x20AC;&#x2122; meetings, good corporate governance guidelines of AOT, and Code of Ethics for AOTâ&#x20AC;&#x2122;s employees 2014. Ç° Ç° "05Ç°IBTÇ°EJTDMPTFEÇ°BÇ°QSPĹłMFÇ°PGÇ°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPST Ç°BOEÇ°UIFÇ°SPMFTÇ°BOEÇ°EVUJFTÇ°PGÇ°JUTÇ° Ç°TVC DPNNJUUFFT according to Articles of association attendance of each member of the Board of Directors in 2014. Disclosure of directorsâ&#x20AC;&#x2122; remuneration according to the resolution of shareholdersâ&#x20AC;&#x2122; meeting and senior executivesâ&#x20AC;&#x2122; remuneration Ç° Ç° JTÇ°BMTPÇ°JODMVEFEÇ°JOÇ°BOOVBMÇ°SFQPSUÇ°BOEÇ°GPSNÇ° Ç° (4) AOT provides the Investor Relations Department responsible for communicating crucial information to investors, small investors, shareholders, and local and overseas securities analysts. Investors are able to contact the center directly or through AOTâ&#x20AC;&#x2122;s website, which provides both Thai and English versions along with updated information. AOT places importance on the disclosure of accurate, complete, transparent and thorough information. In addition, AOT has submitted performance and information reports to institutional investors, small investors, shareholders, and local and overseas securities analysts as well as direct and indirect individuals concerned. Fiscal year 2014 Activities $PNQBOZÇ°7JTJUÇ° Conference Call / Telephone Call / E-mail "OBMZTUÇ°#SJFĹłOHÇ°Ç° 3PBETIPXÇ° JOUFSOBUJPOBM Ç° Roadshow (domestic)

Time/year 721 1

AOT organizes the yearly company visit for shareholders to visit the airports under the supervision of AOT, allowing them to acknowledge and ask AOTâ&#x20AC;&#x2122;s senior executives about policies, operating results and solutions to various Ç° PCTUBDMFT Ç°"05Ç°PSHBOJ[FTÇ°UIFÇ°QSPKFDUÇ°PODFÇ°BÇ°ZFBSÇ°UPÇ°DSFBUFÇ°DPOÅ³EFODFÇ°BOEÇ°QPTJUJWFÇ°SFMBUJPOTIJQÇ°XJUIÇ°UIFÇ°TIBSFIPMEFST Ç° The participating shareholders are selected through application drawing. In 2014, AOT brought 2 groups of participaring shareholders, each of which comprised 100 individuals, totaling 200 visitors, to visit Mae Fah Luang-Chiang Rai International Airport on Friday, 7 March 2014 and Friday, 14 March 2014. If investors and individuals have any queries, they are requested to contact AOTâ&#x20AC;&#x2122;s Investor Relations Department Ç° 5FMFQIPOFÇ°/P Ç° Ç°'BDTJNJMFÇ°/P Ç° Ç°&NBJM Ç°BPUJS!BJSQPSUUIBJ DP UIÇ°PSÇ°WJTJUÇ°"05Ä´TÇ°XFCTJUFÇ°XXX airportthai.co.th Ç° Ç° "05Ç°IBTÇ°EJTDMPTFEÇ°Å³OBODJBM Ç°HFOFSBMÇ°BOEÇ°JNQPSUBOUÇ°JOGPSNBUJPOÇ°BOEÇ°.BOBHFNFOUÇ°%JTDVTTJPOÇ°BOEÇ°"OBMZTJTÇ° .% " Ç° Ç° Ç° BDDVSBUFMZÇ°BDDPSEJOHÇ°UPÇ°UIFÇ°SFHVMBUJPOTÇ°PGÇ°UIFÇ°0GÅ³DFÇ°PGÇ°UIFÇ°4FDVSJUJFTÇ°BOEÇ°&YDIBOHFÇ°$PNNJTTJPO Ç° Ç° Ç° 5IFÇ°DPNQBOZÇ°QSFQBSFTÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°JOÇ°BDDPSEBODFÇ°XJUIÇ°BDDPVOUJOHÇ°TUBOEBSEÇ°XIJDIÇ°QBTTFTÇ°UIFÇ°JOTQFDUJPOÇ° Ç° Ç° PGÇ°0GÅ³DFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBMÇ°PGÇ°5IBJMBOE Ç°4IBSFIPMEFSTÇ°DBOÇ°CFÇ°DPOÅ³EFOUÇ°UIBUÇ°UIFÇ°JOGPSNBUJPOÇ°TIPXOÇ°JOÇ°UIFÇ° Ç° Ç° Å³OBODJBMÇ°SFQPSUÇ°JTÇ°BDDVSBUF 5. The Board of Directorsâ&#x20AC;&#x2122; Responsibilities AOTâ&#x20AC;&#x2122;s Corporate Governance Policies Ç° 5IFÇ° #PBSEÇ° PGÇ° %JSFDUPSTÇ° IBTÇ° EFÅ³OFEÇ° DPSQPSBUFÇ° HPWFSOBODFÇ° QPMJDJFTÇ° JOÇ° XSJUJOHÇ° TJODFÇ° Ç° 5IFÇ° MBMFTUÇ° DPSQPSBUFÇ° governance policies is the sixth edition dated 17 September 2012. The Board of Directors approved the improvement Ç° PGÇ° DPSQPSBUFÇ° HPWFSOBODFÇ° QPMJDJFT Ç° XIJDIÇ° DBOÇ° CFÇ° EJWJEFEÇ° JOUPÇ° Ç° QBSUTÇ° JOÇ° DPOGPSNJUZÇ° XJUIÇ° UIFÇ° 4UPDLÇ° &YDIBOHFÇ° PGÇ° Thailandâ&#x20AC;&#x2122;s 2006 Good Corporate Governance of Listed Companies, the summary of which is as follows: Ç° Ä»Ç° 4IBSFIPMEFSTÄ´Ç°3JHIUT Ç° Ä»Ç° &RVJUBCMFÇ°5SFBUNFOUÇ°PGÇ°4IBSFIPMEFST Ç° Ä»Ç° 3PMFTÇ°PGÇ°4UBLFIPMEFST Ç° Ä»Ç° *OGPSNBUJPOÇ°%JTDMPTVSFÇ°BOEÇ°5SBOTQBSFODZ Ç° Ä»Ç° 5IFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÄ´Ç°3FTQPOTJCJMJUJFT AOT has disclosed the corporate governance policies on AOTâ&#x20AC;&#x2122;s website. Good Corporate Governance Handbook AOT has placed importance on good corporate governance since 2002 and created Good Corporate Governance Handbook to show its determination to do business with good corporate governance, transparency and reliability. Ç° *UÇ°JTÇ°BMTPÇ°BÇ°DSVDJBMÇ°GBDUPSÇ°JOÇ°DSFBUJOHÇ°BEEFEÇ°WBMVFÇ°GPSÇ°UIFÇ°PSHBOJ[BUJPOÇ°BOEÇ°BMMÇ°JUTÇ°TUBLFIPMEFST Ç°0OÇ° Ç°0DUPCFSÇ° Ç° Ç° "05Ç°SFWJTFEÇ°UIFÇ° Ç°IBOECPPL Ç°5IFÇ°(PPEÇ°$PSQPSBUFÇ°(PWFSOBODFÇ°)BOECPPLÇ°3FWJTJPOÇ° Ç° # & Ç° Ç°DPOTJTUTÇ°PGÇ°HPPEÇ° corporate governance policy, the good corporate governance principles of AOT, AOTâ&#x20AC;&#x2122;s ethics, and other good corporate practices in accordance with the principles of good corporate governance for listed companies 2006 of Ç° UIFÇ°4UPDLÇ°&YDIBOHFÇ°PGÇ°5IBJMBOE Ç°"05Ç°EJTUSJCVUFEÇ°UIFÇ°(PPEÇ°$PSQPSBUFÇ°(PWFSOBODFÇ°)BOECPPLÇ°3FWJTJPOÇ° Ç° Ç°UPÇ° the directors, executives and all employees as a reference for execution. All must sign the obligation for operations to ensure that AOT will develop a management system that is suitable to serve the optimum interest of the shareholders, stakeholdersâ&#x20AC;&#x2122; concerns and corporate social responsibility as well as the environment. AOT releases Ç° JOGPSNBUJPOÇ°POÇ°JUTÇ°XFCTJUFÇ°VOEFSÇ°UIFÇ°UJUMFÇ°Ä¶(PPEÇ°$PSQPSBUFÇ°(PWFSOBODFÄ·Ç°BMMPXJOHÇ°DPOWFOJFOUÇ°BDDFTTÇ°GPSÇ°TIBSFIPMEFST Ç° investors and other interested parties. In addition, AOT uses the handbook as an integral part of personnel management. It is the document of reference for new staff orientation. Moreover, AOT includes good corporate governance and ethics in the basic staff training course organized by the Human Resources Development Department in line with the annual personnel development plan.

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*OÇ° Ç°"05Ç°XBTÇ°POÇ°QSPDFTTÇ°PGÇ°SFWJTJPOÇ°PGÇ°JUTÇ°(PPEÇ°$PSQPSBUFÇ°(PWFSOBODFÇ° Ç°FEJUJPOÇ°UPÇ°CFÇ°JOÇ°MJOFÇ°XJUIÇ°UIFÇ°DIBOHJOHÇ° PGÇ°CVTJOFTTÇ°BOEÇ°FOWJSPONFOUÇ°)PXFWFS Ç°"05Ç°TUJMMÇ°DBUFHPSJ[FTÇ°JOGPSNBUJPOÇ°JOUPÇ° Ç°HSPVQTÇ°BDDPSEJOHÇ°UPÇ°UIFÇ°QSJODJQMFTÇ° of good corporate governance of listed companies 2012. Activities Supporting Corporate Governance and Ethics of AOT ÄťÇ° "05Ç°IBTÇ°JOÇ°QMBDFÇ°UIFÇ°Äś"JSQPSUTÇ°PGÇ°5IBJMBOEÇ°1VCMJDÇ°$PNQBOZÇ°-JNJUFEÄ´TÇ°&NQMPZFFTÄ´Ç°$PEFÇ°PGÇ°&UIJDTÇ°# & Ç° Äˇ Ç° which provides for corporate governance and ethics establishment system and mechanism in writing. The ethical standard is adopted by all AOTâ&#x20AC;&#x2122;s employees. Any action that breaches or has the intention to avoid obligation according to the standard shall be subjected to punishment and considered as an unacceptable disciplinary action. ÄťÇ° *OÇ° Ç°"05Ç°PSHBOJ[FEÇ°BDUJWJUJFT Ç°FODPVSBHJOHÇ°FNQMPZFFTÇ°UPÇ°QBSUJDJQBUFÇ°BOEÇ°FYQSFTTÇ°PQJOJPOTÇ°POÇ°FUIJDT Ç°"05 Ç° JOWJUFEÇ°BÇ°MFDUVSFSÇ°GSPNÇ°,JOHÇ°1SBKBEIJQPLÄ´TÇ°*OTUJUVUFÇ°UPÇ°PSHBOJ[FÇ°BÇ°TFNJOBSÇ°BOEÇ°XPSLTIPQÇ°Äś"JSQPSUTÇ°PGÇ°5IBJMBOE Ç° Transparency and Integrityâ&#x20AC;? at the Headquarters and the provincial airports through the Citizen Dialogue platform in order to turn the AOTâ&#x20AC;&#x2122;s ethics into actions. AOT organized workshops for AOT middle-level executives from Headquarters, Suvarnabhumi Airport, Don Mueang International Airport, Chiang Mai International Airport, Mae Fah Luang-Chiang Rai Internatinal Airport, Phuket International Airport and Hat Yai Inernational Airport. The workshop also nurtures the culture of openness and transparency. AOT then summarized the result of the workshops and presented to the senior executives of AOT. ÄťÇ° "05Ç°BTTJHOFEÇ°JUTÇ°&YFDVUJWFÇ°7JDFÇ°1SFTJEFOUÇ° 4USBUFHZ Ç°UPÇ°TJHOÇ°BOÇ°.06Ç°POÇ°"OUJ $PSSVQUJPOÇ°1SPNPUJPOÇ°XJUIÇ°UIFÇ° Ç° 0GĹłDFÇ°PGÇ°UIFÇ°/BUJPOBMÇ°"OUJ $PSSVQUJPOÇ°$PNNJTTJPOÇ° Ç°UIFÇ°0GĹłDFÇ°PGÇ°4UBUFÇ°&OUFSQSJDFÇ°1PMJDZÇ°BOEÇ° Ç°TUBUFÇ°FOUFSQSJTFT Ç° Ç° 5IFÇ°.06Ç°TJHOJOHÇ°XBTÇ°IFMEÇ°BUÇ°UIFÇ°TFNJOBSÇ°POÇ°Äś5IBJÇ°4UBUFÇ°&OUFSQSJDFÇ°$PMMBCPSBUJPOÇ°UPÇ°%SJWFÇ°/BUJPOBMÇ°4USBUFHZÄˇ Ç° BUUFOEFEÇ°CZÇ°UIFÇ°0GĹłDFÇ°PGÇ°UIFÇ°/BUJPOBMÇ°"OUJ $PSSVQUJPOÇ°$PNNJTTJPOÇ°BOEÇ°TFOJPSÇ°FYFDVUJWFTÇ°PGÇ°TUBUFÇ°FOUFSQSJTF Ç° Ç° 5IFÇ°FWFOU Ç°IFMEÇ°POÇ° Ç°.BZÇ° Ç°BUÇ°UIFÇ°.JSBDMFÇ°(SBOEÇ°$POWFOUJPOÇ°)PUFM Ç°#BOHLPL Ç°XBTÇ°DIBJSFEÇ°CZÇ°.S Ç°1BOUIFQÇ° Klanarongran, President of the National Anti-Corruption Commission. ÄťÇ° "05Ç°PSHBOJ[FEÇ°BDUJWJUJFTÇ°UPÇ°QSPNPUFÇ°FUIJDBMÇ°QSBDUJDFÇ°BNPOHÇ°JUTÇ°PGĹłDFSTÇ°BOEÇ°FNQMPZFFTÇ°UPÇ°FOTVSFÇ°BXBSFOFTTÇ° Ç° BOEÇ°UIBUÇ°FUIJDBMÇ°QSBDUJDFÇ°JTÇ°FNCSBDFEÇ°CZÇ°JUTÇ°PGĹłDFSTÇ°BOEÇ°FNQMPZFFT Ç°"DUJWJUJFTÇ°BSFÇ°BTÇ°GPMMPXT Ç° Ç° "OÇ°PBUIÇ°DFSFNPOZÇ°POÇ° Ç°%FDFNCSÇ° Ç°BUÇ°"05Ä´TÇ°"VEJUPSJVN Ç° Ç° 'PPEÇ°PGGFSJOHÇ°UPÇ° Ç°NPOLTÇ°UPÇ°DFMFCSBUFÇ°/FXÇ°:FBS Ç°$IBPÇ°,IVOÇ°"MPOHLPU Ç°UIFÇ°"CCPUÇ°PGÇ°8BUÇ°1ISBÇ°#BIUÇ°/BNQVÇ° Ç° Ç° 5FNQMF Ç°-PQCVSJ Ç°DIBJSFEÇ°UIFÇ°SFMJHJPVTÇ°DFSFNPOZÇ°IFMEÇ°POÇ° Ç°+BOVBSZÇ° Ç°BUÇ°UIFÇ°.POVNFOUÇ°(SPVOE Ç°"05Ä´TÇ° Headquarters. Ç° Ç° 'PPEÇ°PGGFSJOHÇ°UPÇ° Ç°NPOLTÇ°UPÇ°DFMFCSBUFÇ°4POHLSBOÄ´TÇ°%BZÇ°PSÇ°5IBJÇ°/FXÇ°:FBS Ç°$IBPÇ°,IVOÇ°"MPOHLPU Ç°UIFÇ°"CCPUÇ°PG Wat Phra Baht Nampu Temple, Lopburi, chaired the religious ceremony held on 11 April 2014 at the Monument Ground, AOTâ&#x20AC;&#x2122;s Headquarters. Ç° Ç° Äś Ç°5FNQMFÇ°.FSJUÇ°.BLJOHÄˇÇ°BDUJWJUZÇ°BUÇ° Ç°UFNQMFTÇ°JOÇ°4VQBOCVSJÇ°1SPWJODFÇ°POÇ° Ç°.BZÇ° Ç° Ç° Äś%IBSNBÇ°GPSÇ°.FOUBMÇ°)FBMUIÄˇÇ°BDUJWJUZÇ°BUÇ°5IBNNBNPOHLPMÇ°5FNQMF Ç°#BOHLPL Ç°GSPNÇ° Ç° Ç° Ç°4FQUFNCFSÇ° ÄťÇ° "05Ç° TFOUÇ° FNQMPZFFTÇ° UPÇ° QBSUJDJQBUFÇ° JOÇ° BÇ° XPSLTIPQÇ° POÇ° &UIJDBMÇ° BOEÇ° 5SBOTQBSFODZÇ° JOÇ° BÇ° (PWFSONFOUÇ° "HFODZÇ° Ç° "TTFTTNFOUÇ°8PSLTIPQÇ°IFMEÇ°CZÇ°UIFÇ°0GĹłDFÇ°PGÇ°/BUJPOBMÇ°"OUJ $PSSVQUJPOÇ°$PNNJTTJPOÇ°POÇ° Ç°"QSJMÇ° ÄťÇ° *OÇ° Ç°UIFÇ°-BCPSÇ°3FMBUJPOTÇ°%FQBSUNFOUÇ°IFMEÇ°BOÇ°BDUJWJUZÇ°UPÇ°QSPNPUFÇ°EJTDJQMJOBSZÇ°LOPXMFEHFÇ°BNPOHÇ°"05Ä´TÇ° Ç° PGĹłDFSTÇ°BOEÇ°FNQMPZFFTÇ°JOÇ°#BOHLPLÇ°BOEÇ°GSPNÇ°SFHJPOBMÇ°BJSQPSUT Ç°5IFÇ°BDUJWJUZÇ°JODMVEFTÇ° Ç°DPVSTFT Ç° Ç° %JTDJQMJOFÇ° BOEÇ° %JTDJQMJOBSZÇ° *NQMFNFOUBUJPOÇ° GPSÇ° "05Ä´TÇ° 0GĹłDFST &NQMPZFFTÇ° $PVSTF Ç° GPDVTJOHÇ° POÇ° FEVDBUJOHÇ° Ç° Ç° "05Ä´TÇ°PGĹłDFSTÇ°BOEÇ°FNQMPZFFTÇ°POÇ°SVMFTÇ°BOEÇ°SFHVMBUJPOTÇ°SFMBUFEÇ°UPÇ°"05Ä´TÇ°EJTDJQMJOFÇ°UPÇ°QSFWFOUÇ°CSFBDIJOHÇ°PGÇ° regulations - Disciplinary Action Course for Disciplinary Investigation Committee, focusing on the procedure and the appropriate disciplinary actions and investigations

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"05Ç°OPNJOBUFEÇ°FNQMPZFFTÇ°UPÇ°BUUFOEÇ°MFDUVSFÇ°BOEÇ°EJTDVTTJPOÇ°POÇ°HPPEÇ°DPSQPSBUFÇ°HPWFSOBODF Ç°UJUMFEÇ°Äś%IBSNBÇ° BOEÇ°1SBDUJDFÇ°GPMMPXJOHÇ°)JTÇ°.BKFTUZÇ°UIFÇ°,JOHÄ´TÇ°1BUIÄˇÇ°IFMEÇ°POÇ° Ç°+VMZÇ° Ç°BUÇ°"FSPOBVUJDBMÇ°3BEJPÇ°PGÇ°5IBJMBOEÇ° Co., Ltd. ÄťÇ° "05Ä´TÇ° 1SFTJEFOUÇ° QSFTFOUFEÇ° UIFÇ° BOOVBMÇ° PVUTUBOEJOHÇ° FNQMPZFFTÇ° BXBSEÇ° JOÇ° SFDPHOJUJPOÇ° PGÇ° FNQMPZFFTÇ° XJUIÇ° outstanding performance. The Declaration of Collective Action Coalition of Thai Private Sector Against Corruption AOT declared the collective action coalition of Thai private sector against corruption with the Thai Institute of Directors, in collaboration with the Thai Chamber of Commerce, the Thai Bankersâ&#x20AC;&#x2122; Association, the International Chamber of Commerce and the Thai Listed Companies Association. The issue represented shared ethics of the Thai private sector and showed their ambition to prevent and suppress corruption. AOT sent relevant staff to attend the IOD seminar to learn self-evaluation tools. AOT also sent concerned staff members to attend Anti-Corruption: The Practical Guide (ACPG) course. AOT is considering drafting the Anticorruption Policy to be reviewed by the Good Governance Committee before seeking AOTâ&#x20AC;&#x2122;s Board of Directorsâ&#x20AC;&#x2122; approval. ConĹ´ict of Interest 5IFÇ° #PBSEÇ° PGÇ° %JSFDUPSTÇ° FNQIBTJ[FTÇ° QPMJDJFTÇ° UPÇ° SFEVDFÇ° QFSTPOBMÇ° BOEÇ° UIFÇ° DPNQBOZÄ´TÇ° DPOĹ´JDUÇ° PGÇ° JOUFSFTU Ç° (PPEÇ° DPSQPSBUFÇ°HPWFSOBODFÇ°SFHVMBUFTÇ°UIBUÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPST Ç°FYFDVUJWFTÇ°BOEÇ°PGĹłDFSTÇ°NVTUÇ°SFQPSUÇ°UIFJSÇ°JOUFSFTUT Ç°BTÇ° well as the interests of involved parties, in order to avoid exploitations of their positions for personal gain. The measures are as follows: Ç° "WPJEÇ°JOWPMWFNFOUÇ°JOÇ°TFMG SFMBUFEÇ°JTTVFTÇ°UIBUÇ°DPVMEÇ°DBVTFÇ°DPOĹ´JDUÇ°PGÇ°JOUFSFTUÇ°XJUIÇ°"05 Ç° *OÇ°DBTFTÇ°XIFSFÇ°OFDFTTBSZÇ°BDUJPOTÇ°NVTUÇ°CFÇ°EPOFÇ°GPSÇ°UIFÇ°DPNQBOZÄ´TÇ°CFOFĹłUT Ç°UIFZÇ°NVTUÇ°CFÇ°DBSSJFEÇ°PVUÇ°BTÇ°JGÇ° Ç° UIFZÇ°BSFÇ°NBEFÇ°XJUIÇ°PVUTJEFST Ç°5IFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°FYFDVUJWFTÇ°BOEÇ°PGĹłDFSTÇ°XIPÇ°IBWFÇ°QFSTPOBMÇ°JOUFSFTUTÇ°NVTUÇ° not be in the approval process. Ç° *OÇ°DBTFTÇ°XIFSFÇ°JTTVFTÇ°BSFÇ°SFMBUFEÇ°PSÇ°UIBUÇ°NJHIUÇ°IBWFÇ°DPOĹ´JDUÇ°PGÇ°JOUFSFTUÇ°BDDPSEJOHÇ°UPÇ°UIFÇ°OPUJDFÇ°PGÇ°UIFÇ°4UPDLÇ° Exchange of Thailand, the Board of Directors will ensure that the implementation is in accordance with regulations and procedures and the information of involved registered companies is disclosed. Ç° *OÇ°DBTFTÇ°XIFSFÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPST Ç°FYFDVUJWFT Ç°PSÇ°PGĹłDFSTÇ°UBLFÇ°UIFÇ°QPTJUJPOTÇ°PGÇ°DPNNJUUFFTÇ°PSÇ°BEWJTPSTÇ°PGÇ° Ç° PUIFSÇ°CVTJOFTTÇ°PSHBOJ[BUJPOT Ç°UIFÇ°QPTJUJPOÇ°UBLFOÇ°NVTUÇ°OPUÇ°DPOĹ´JDUÇ°XJUIÇ°"05Ä´TÇ°JOUFSFTUÇ°BOEÇ°PQFSBUJPOT In addition, the Board of Directors and executives are required to report their interests, as well as the interests of involved parties, to AOT within 7 days after being informed so that the Corporate Secretary can use them as information and tools to supervise the interests of the directors, executives, or involved persons that have interests in the companyâ&#x20AC;&#x2122;s management or subsidiary companies. The Company Secretary must submit copies of the reports to the Chairman of the Board of Directors and the Chairman of Audit Committee for acknowledgement. $POĹ´JDUÇ°PGÇ°JOUFSFTUÇ°JTÇ°DPOTJEFSFEÇ°BÇ°WFSZÇ°JNQPSUBOUÇ°QPMJDZÇ°BOEÇ°IBTÇ°CFFOÇ°JOUFHSBUFEÇ°XJUIÇ°UIFÇ°"05Ä´TÇ°(PPEÇ°(PWFSOBODFÇ° 1PMJDZÇ°JOÇ°XSJUJOH Ç°$MFBSÇ°PQFSBUJPOBMÇ°JOTUSVDUJPOTÇ°SFMBUFEÇ°UPÇ°DPOĹ´JDUÇ°PGÇ°JOUFSFTUÇ°IBWFÇ°BMTPÇ°CFFOÇ°NBEFÇ°BTÇ°QFSÇ°UIFÇ°"05Ä´TÇ° 0SEFSÇ°/P Ç° Ç°Äś1SBDJUDFÇ°(VJEFMJOFÇ°POÇ°$POĹ´JDUÇ°PGÇ°*OUFSFTUÄˇÇ°JOÇ°PSEFSÇ°UPÇ°FOTVSFÇ°HPPEÇ°DPOUSPMÇ°TZTUFNÇ°UIBUÇ°JTÇ° transparent. Directorsâ&#x20AC;&#x2122; Orientation The newly appointed directors are provided with useful documents and information to perform their duties, such as AOTâ&#x20AC;&#x2122;s Articles of Association, Handbook for Directors in Listed Companies, Laws regarding Listed Companies, Good Corporate Governance for Listed Companies 2012, AOTâ&#x20AC;&#x2122;s Good Corporate Governance Handbook, and AOTâ&#x20AC;&#x2122;s Stiategic plan, etc. In addition, AOT provided seminars conducted by concerned executives and law experts on the OBUVSFÇ°PGÇ°CVTJOFTT Ç°PQFSBUJOHÇ°SFTVMUT Ç°GVUVSFÇ°PQFSBUJPOÇ°QMBOT Ç°JTTVFTÇ°TJHOJĹłDBOUÇ°UPÇ°CVTJOFTTÇ°PQFSBUJPOT Ç°BVUIPSJUZ Ç° duties, and responsibilities as well as laws concerning performances of committees of listed companies.

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Development of AOTâ&#x20AC;&#x2122;s Directors and Top Executives AOTâ&#x20AC;&#x2122;s Board of Directors emphasizes on training and seminars to enhance knowledge and capabilities of its directors BOEÇ°PGÅ³DFST Ç°*OÇ°DPPQFSBUJPOÇ°XJUIÇ°UIFÇ°5IBJÇ°*OTUJUVUFÇ°PGÇ°%JSFDUPSTÇ°PSÇ°*0% Ç°EJSFDUPSTÇ°BOEÇ°UPQÇ°FYFDVUJWFTÇ°XFSFÇ°QSPWJEFEÇ° XJUIÇ°DPVSTFTÇ°TVDIÇ°BTÇ°%JSFDUPSÇ°"DDSFEJUBUJPOÇ°1SPHSBNÇ° %"1 Ç°%JSFDUPSÇ°$FSUJÅ³DBUJPOÇ°1SPHSBNÇ° %$1 Ç°"VEJUÇ°$PNNJUUFFÇ° Program (ACP), Financial Statements for Directors (FSD), Monitoring the System of Internal Control and Risk Management (MIR), and Monitoring the Internal Audit Function (MIA). AOT has continually sent directors and executives to attend *0%Ç°DPVSTFT Ç°"EEJUJPOBMMZ Ç°UIFÇ°$PNQBOZÇ°4FDSFUBSZÇ°BOEÇ°DPODFSOFEÇ°PGÅ³DFSTÇ°BMTPÇ°SFDFJWFEÇ°USBJOJOHÇ°TVDIÇ°BT Ä»Ç° $PNQBOZÇ°4FDSFUBSZÇ°1SPHSBNÇ° $41 Ç°5IJTÇ°QSPHSBNÇ°QSPWJEFTÇ°JOGPSNBUJPOÇ°POÇ°DPNQBOZÇ°TFDSFUBSJFTÄ´Ç°SPMFTÇ°BOEÇ°EVUJFTÇ° required by law. Ä»Ç° &GGFDUJWFÇ°.JOVUFÇ°5BLJOHÇ° &.5 Ç°5IFÇ°BUUFOEFFTÇ°MFBSOFEÇ°BCPVUÇ°TUBOEBSEÇ°QSFQBSBUJPOT Ç°GPSNT Ç°BOEÇ°HVJEFMJOFTÇ°PGÇ°NJOVUFTÇ° taking, corporate governance, laws, and operation procedures. Ä»Ç° #PBSEÇ° 3FQPSUJOHÇ° 1SPHSBNÇ° #31 Ç° GPDVTFTÇ° POÇ° UIFÇ° QSFQBSBUJPOTÇ° PGÇ° NFFUJOHÇ° EPDVNFOUTÇ° GPSÇ° EJSFDUPSTÇ° JODMVEJOHÇ° Ç° Å³OBODJBMÇ°BOEÇ°OPO Å³OBODJBMÇ°SFQPSUT Ç°BOEÇ°SFQPSUÇ°XSJUJOHÇ°UPÇ°FYQSFTTÇ°PQJOJPOTÇ°POÇ°JNQPSUBOUÇ°JTTVFT Ä»Ç° $PNQBOZÇ°3FQPSUJOHÇ°1SPHSBNÇ° $31 Ç°5IJTÇ°QSPHSBNÇ°IFMQTÇ°UIFÇ°DPSQPSBUFÇ°TFDSFUBSZÇ°BOEÇ°TFOJPSÇ°FYFDVUJWFTÇ°UPÇ°DPSSFDUMZÇ° Ç° BOEÇ°DPNQMFUFMZÇ°QSFQBSFÇ°JOGPSNBUJPOÇ°BDDPSEJOHÇ°UPÇ°MBXTÇ°BOEÇ°SFHVMBUJPOTÇ°UPÇ°DSFBUFÇ°DPOÅ³EFODFÇ°BOEÇ°BDDFQUBCJMJUZÇ° to stakeholders. Ä»Ç° 'JOBODFÇ°GPSÇ°/PO 'JOBODFÇ°&YFDVUJWFTÇ°CZÇ°5IBJMBOEÇ°.BOBHFNFOUÇ°"TTPDJBUJPOÇ° 5." Ç°5IJTÇ°QSPHSBNÇ°IFMQTÇ°FYFDVUJWFTÇ° Ç° JOÇ°CVTJOFTTÇ°BOBMZTJTÇ°GPSÇ°JOWFTUNFOUÇ°BOEÇ°VUJMJ[JOHÇ°Å³OBODJBMÇ°EBUBÇ°GPSÇ°DPNQFUJUJWFÇ°TUSBUFHJDÇ°QMBOOJOH Ä»Ç° 3PMFÇ°PGÇ°UIFÇ°/PNJOBUJPOÇ°BOEÇ°(PWFSOBODFÇ°$PNNJUUFFÇ° 3/( Ç°5IJTÇ°QSPHSBNÇ°IFMQTÇ°DSFBUJOHÇ°BOÇ°VOEFSTUBOEJOHÇ°PGÇ° roles and duties of the Nomination Committee and Corporate Governance Committee, in adding values to the Company and develops performance monitoring system, to be in line with the corporate objectives and increase performance effectiveness of directors indicators as tools in developing nomination process. Ä»Ç° "OUJ $PSSVQUJPO Ç°5IFÇ°1SBDUJDBMÇ°(VJEFÇ° "$1( Ç°5IJTÇ°QSPHSBNÇ°QSPWJEFTÇ°GPSÇ°TFMG FWBMVBUJPOÇ°UPPMÇ°BOEÇ°LOPXMFEHFÇ°POÇ° the corruption prevention principle and process. The Board of Directors, Subcommittees and working groups chaired by AOTâ&#x20AC;&#x2122;s Chairman of the Board of Directors WJTJUFEÇ°JOUFSOBUJPOBMÇ°BJSQPSUTÇ°JOÇ°PUIFSÇ°DPVOUSJFT Ç°TVDIÇ°BTÇ°UIFÇ°-FHBMÇ°4VC $PNNJUUFFÇ°IBEÇ°BÇ°TUVEZÇ°WJTJUÇ°UPÇ°UIFÇ°64"Ç°BOEÇ° $BOBEBÇ°GSPNÇ° Ç° Ç° Ç°/PWFNCFSÇ° Ç°BTÇ°GPMMPXT Ç° Ç°/PWFNCFSÇ° Ç°BUÇ°"NFSJDBOÇ°6OJWFSTJUZÇ°8BTIJOHUPOÇ°$PMMFHFÇ°PGÇ°-BX Ç°8BTIJOUPOÇ°% $ Ç°64" Ç°"05Ç°SFQSFTFOUBUJWFTÇ° Ç° FYDIBOHFEÇ°JOGPSNBUJPOÇ°XJUIÇ°UIFÇ°6OJWFSTJUZÇ°POÇ°"DBEFNJDÇ°1SPHSBNT Ç°-BXÇ°BOEÇ°#VTJOFTTÇ°"WJBUJPOÇ°BOEÇ°*OUFSOBJUPOBMÇ° and Comparative Environmental Laws, including information oabout envirionment and environment management law. Ç° Ç°/PWFNCFSÇ° Ç°BUÇ°5PSPOUPÇ°1FBSTPOÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°XIFSFÇ°JOGPSNBUJPOÇ°BCPVUÇ°BJSQPSUÇ°BOEÇ°-JUJHBUJPOÇ°BOEÇ° Wildlife Management Program was exchanged. Ç° Ç°/PWFNCFSÇ° Ç°BUÇ°+PIOÇ°' Ç°,FOOFEZÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°BOEÇ°JOGPSNBUJPOÇ°TIBSFEÇ°JODMVEFEÇ°BJSPSUÇ°JOGPSNBUJPO Ç° noice management and litigation. "05Ä´TÇ°'JOBODFÇ°BOEÇ°*OWFTNFOUÇ°4VCDPNNJUUFFÇ°WJTJUFEÇ°$SPBUJBÇ°GSPÇ° Ç°'FCSVBSZÇ° Ç° Ç°.BSDIÇ° Ç°UPÇ°TUVEZÇ°UIFÇ°KPJOUÇ°1VCMJD Private Partnership Program which was used as guideline for airport development, airport operations during construction period, investment under concession contract and how to make AOTâ&#x20AC;&#x2122;s investment more fruitful. A visit to Dubrovnik Airport and Zagreb International Airport followed and the discussion covered the following areas: Ä»Ç° $PODFTTJPOÇ°PGGFSFEÇ°BUÇ°;BHSFCÇ°*OUFSOBUJPOBMÇ°"JSQPSU Ä»Ç° 1SPQPSUJPOÇ°PGÇ°DPPQFSBUJPOÇ°QSPKFDUTÇ°CFUXFFOÇ°UIFÇ°HPWFSONFOUÇ°BOEÇ°QSJWBUFÇ°TFDUPS Ä»Ç° $PODFTTJPOÇ°SFQBZNFOU

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Director Accreditation Program (IOD)

1. Mr. Prasong Poontaneat 2. Mr. Nantasak Poolsuk Ç°Ç° 4RVBESPOÇ°-FBEFSÇ° Ç° Prajak Sajjasophon 4. Mr. Nirandra Theeranartsin Ç°Ç° "JSÇ°.BSTIBMÇ°1SBLJUÇ°4LVOBTJOHIBÇ° Ç° 6. Mr. Rakop Srisupa-at 7. Air Chief Marshal Johm Rungswang Ç°Ç° -JFVUFOBOUÇ°(FOFSBMÇ° Ç° Kampanat Ruddit Ç°Ç° .S Ç°5IBXBUDIBJÇ°"SVOZJLÇ° Ç° Ç°Ç°.JTTÇ°4VUUJSBUÇ°3BUUBOBDIPUÇ° Ç° 11. Mr. Manit Nitiprateep 12. Mr. Thanin Pa-Em Ç°Ç°.S Ç°8BSBÇ°5POHQSBTJOÇ° Ç°

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Director Certification Program (IOD)

Audit Committee Program (IOD)

Top Executive Corporate Governance for Program (Capital Directors and Top Executies Market Academy) of State Enterprises and Public Organizations (King Prajadhipokâ&#x20AC;&#x2122;s Institute)

76/2006 Ç°

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Class 14 Class 14 $MBTTÇ° Ç°

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$MBTTÇ° Ç° Ç° Class 14 Ç°

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In 2014, directors attending trainings held by the Thai Institute of Directors (IOD) are as follows: Ç° .S Ç°5IBOJOÇ°1B &N Ç°"OUJ DPSSVQUJPOÇ°GPSÇ°&YFDVUJWFÇ°1SPHSBNÇ° "$&1 Ç°$MBTTÇ° 2. Mr. Nirandra Theeranartsin, Successful Forumulation & Execution of Strategy (SFE), Class 22/2014 Succession Plans and Development of Executives At present, AOT is preparing succession plans for the senior executive positions from the director position upwards JOÇ°PSEFSÇ°GPSÇ°"05Ç°UPÇ°IBWFÇ°TVGÅ³DJFOUÇ°JOGPSNBUJPOÇ°UPÇ°TVQQPSUÇ°JUTÇ°EFDJTJPOÇ°POÇ°OFXÇ°EJSFDUPSÇ°BQQPJOUNFOUÇ°XIFOÇ°BÇ°QPTJUJPOÇ° is vacant. Executive development is considered very important in order to ensure that the executives have the DBQBCJMJUZÇ°UPÇ°UBLFÇ°OFXÇ°BTTJHONFOUÇ°XJUIÇ°IJHIÇ°FGÅ³DJFODZÇ°BOEÇ°GPSÇ°CVTJOFTTÇ°DPOUJOVJUZÇ°BOEÇ°BCJMJUZÇ°UPÇ°BDIJFWFÇ°"05Ä´TÇ°HPBMT Ç° mission and vision.

The Board of Directorsâ&#x20AC;&#x2122; Self Assessment AOTâ&#x20AC;&#x2122;s good corporate governance handbook stipulates that yearly self-assessments of directors have to be conducted to be used as a framework for the Board of Directorsâ&#x20AC;&#x2122; operation examinations. In addition, the Boardâ&#x20AC;&#x2122;s of Directors performance and problems need to be monitored to improve its performance by using the evaluation guidelines of 4UBUFÇ°&OUFSQSJTFTÇ°1PMJDZÇ°$PNNJTTJPO Ç°UIFÇ°.JOJTUSZÇ°PGÇ°'JOBODFÇ°BTÇ°TQFDJĹłFEÇ°JOÇ°Äś&GGFDUJWFÇ°0QFSBUJPOÇ°(VJEFMJOFTÇ°PGÇ°4UBUFÇ° Enterprise Committeeâ&#x20AC;?. "DDPSEJOHÇ°UPÇ°UIFÇ°NJOVUFTÇ°PGÇ°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSTÄ´Ç°.FFUJOHÇ°/P Ç° Ç°POÇ° Ç°%FDFNCFSÇ° Ç°UIFÇ°NFFUJOHÇ°SFTPMWFEÇ° UPÇ°BDLOPXMFEHFÇ°UIFÇ°HVJEFMJOFTÇ°PGÇ°PQFSBUJOHÇ°BTTFTTNFOUTÇ°PGÇ°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°JOÇ° Ç°5XPÇ°UZQFTÇ°PGÇ°BTTFTTNFOU Ç° namely Self-Assessment and Board Evaluation, were adopted, the same as in the previous year. Assessment Summary was OPUJĹłFEÇ°UPÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°UPHFUIFSÇ°XJUIÇ°4VHHFTUJPOTÇ°TPÇ°UIBUÇ°"05Ç°POÇ°DPODSFUFMZÇ°JNQSPWFÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÄ´Ç° QFSGPSNBODF Ç°5IFÇ°TVNNBSZÇ°PGÇ°XIJDIÇ°JTÇ°BTÇ°GPMMPXT 1. Board Evaluation Form is divided into 6 parts with 42 questions covering the following assessment topics: Ç°

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The Presidentâ&#x20AC;&#x2122;s Evaluation The Presidentâ&#x20AC;&#x2122;s Evaluation Subcommittee, appointed by AOTâ&#x20AC;&#x2122;s Board of Directors evaluates the Presidentâ&#x20AC;&#x2122;s performance every 6 months. Every year, the Subcommittee evaluates the Presidentâ&#x20AC;&#x2122;s performance in the past year in accordance with the indicators in the operation plans proposed to AOTâ&#x20AC;&#x2122;s Board of Directors. Such plans covered issues such as business development and human resource development.

2. Sub-Committees Ç° Ç° Ç° Ç° Ç° Ç°

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Position Chairman of the Audit Committee (Independent Director) Member of the Audit Committee (Independent Director) .FNCFSÇ°PGÇ°UIFÇ°"VEJUÇ°$PNNJUUFFÇ° *OEFQFOEFOUÇ°%JSFDUPS

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The Audit Committee holds at least 1 meeting per quarter and may or may not invite non-members to participate in a meeting. Each meeting requires a minimum of half of the existing members for a quorum. The Chairman and each of the members shall have one vote. A decision shall be made upon a simple majority. A tie on the ballot TIBMMÇ°CFÇ°SFTPMWFEÇ°CZÇ°UIFÇ°Å³OBMÇ°WPUFÇ°GSPNÇ°UIFÇ°$IBJSNBO 5IFÇ°"VEJUÇ°$PNNJUUFFÇ°QSFTDSJCFTÇ°UIBUÇ°"05Ç°TIBMMÇ°IBWFÇ°BUÇ°MFBTUÇ°POFÇ°NFFUJOHÇ°XJUIÇ°UIFÇ°BVEJUPSÇ°GSPNÇ°UIFÇ°0GÅ³DFÇ°PGÇ°UIFÇ° "VEJUPSÇ°(FOFSBMÇ°PGÇ°5IBJMBOEÇ°BOEÇ°XJUIPVUÇ°QSFTFODFÇ°PGÇ°FYFDVUJWF Ç°*OÇ° Ç°UIFÇ°"VEJUÇ°$PNNJUUFFÇ°IFMEÇ° Ç°NFFUJOHTÇ°XJUIÇ° UIFÇ°BVEJUPSÇ°GSPNÇ°UIFÇ°0GÅ³DFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBM Ç°XIJDIÇ°JTÇ°BÇ°TUSJDUFSÇ°SFRVJSFNFOUÇ°UIBOÇ°UIFÇ°TUJQVMBUJPOÇ°PGÇ°4FDVSJUJFTÇ° and Exchange Commission (SEC), which is once a year. Scope of Duties and Responsibilities (1) Review internal performance and give advice to the Board of Directors and/or the management where the Ç° DPNNJUUFFÇ°EFFNTÇ°BQQSPQSJBUFÇ°UPÇ°DSFBUFÇ°FGÅ³DJFODZÇ°BOEÇ°CFÇ°JOÇ°DPOGPSNJUZÇ°XJUIÇ°UIFÇ°DPSQPSBUFÇ°HPWFSOBODFÇ°QPMJDJFT (2) Review that the companyâ&#x20AC;&#x2122;s internal control system, risk management and security of AOTâ&#x20AC;&#x2122;s information are concise, effective and in line with international standards. Ç° 3FWJFXÇ°BOEÇ°FOTVSFÇ°UIBUÇ°"05Ç°JTÇ°JOÇ°GVMMÇ°DPNQMJBODFÇ°XJUIÇ°SVMFT Ç°SFHVMBUJPOT Ç°UIFÇ°DBCJOFUÄ´TÇ°SFTPMVUJPOT Ç°DPEFÇ°PGÇ° ethics and other laws relating to the companyâ&#x20AC;&#x2122;s business. (4) Review and ensure that AOT is in full compliance with the securities and stock exchange laws, as well as the regulations of the Stock Exchange of Thailand and other related business laws. Ç° 3FWJFXÇ°UIFÇ°BDDVSBDZ Ç°BQQSPQSJBUFOFTT Ç°BOEÇ°SFMJBCJMJUZÇ°PGÇ°UIFÇ°BDDPVOUJOHÇ°QPMJDJFT Ç°BTÇ°XFMMÇ°BTÇ°"05Ä´TÇ°Å³OBODJBMÇ°SFQPSUTÇ° Ç° BOEÇ° PQFSBUJPOT Ç° 5IFÇ° "VEJUÇ° $PNNJUUFFÇ° JTÇ° UPÇ° FOTVSFÇ° TVGÅ³DJFOUÇ° BOEÇ° USBOTQBSFOUÇ° EJTDMPTVSFÇ° PGÇ° JOGPSNBUJPOÇ° JOÇ° accordance with generally accepted accounting principles.

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Ç° 3FDSVJUÇ°BOEÇ°OPNJOBUFÇ°BÇ°RVBMJÅ³FE Ç°JOEFQFOEFOUÇ°QFSTPOÇ°UPÇ°CFÇ°"05Ç°FYUFSOBMÇ°BVEJUPSÇ°BTÇ°XFMMÇ°BTÇ°TQFDJGZÇ°UIFÇ°BNPVOUÇ° of service fee and attend meetings with the auditor without the management departmentâ&#x20AC;&#x2122;s presence at least once a year. Ç° &ODPVSBHFÇ°UIFÇ°JOEFQFOEFOUÇ°PQFSBUJPOTÇ°PGÇ°UIFÇ°FYUFSOBMÇ°BVEJUPSÇ°BOEÇ°UIFÇ°BDDVSBDZÇ°PGÇ°UIFÇ°"VEJUÇ°0GÅ³DFÇ°VOEFSÇ°UIF international standards, as well as the adequate and appropriate cooperation among AOT, the external auditor Ç° BOEÇ°UIFÇ°"VEJUÇ°0GÅ³DF Ç° 4UVEZÇ°UIFÇ°FYUFSOBMÇ°BVEJUPSÄ´TÇ°MFUUFSTÇ°TVCNJUUFEÇ°UPÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°UPÇ°QSPWJEFÇ°DPNNFOUTÇ°BOEÇ°SFDPNNFO Ç° EBUJPOTÇ°SFHBSEJOHÇ°XFBLOFTTÇ°SFDUJÅ³DBUJPO Ç°FSSPSTÇ°BOEÇ°TJHOJÅ³DBOUÇ°Å´BXT Ç°5IFÇ°DPNNJUUFFÇ°NBZÇ°SFRVFTUÇ°JOGPSNBUJPOÇ° from the auditor regarding the letters and follow up to ensure the comments and recommendations are brought into the Board of Directorâ&#x20AC;&#x2122;s consideration as well as implementation. When the comments and recommendations are set aside without acceptable reasons, they shall be revised and re-proposed to the Board of Directors. Ç° (JWFÇ°BEWJDFÇ°UPÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°POÇ°OPNJOBUJPO Ç°SFNPWBMÇ°BOEÇ°USBOTGFSÇ°PGÇ°UIFÇ°EJSFDUPSTÇ°PGÇ°UIFÇ°"VEJUÇ°0GÅ³DF Ç° $POTJEFSÇ°XJUIÇ°UIFÇ°1SFTJEFOUÇ°UIFÇ°QSPNPUJPOÇ°PGÇ°UIFÇ°"VEJUÇ°0GÅ³DFÄ´TÇ°EJSFDUPSTÇ°BOEÇ°DPOTJEFSÇ°UIFÇ°BQQSPQSJBUFOFTTÇ°PGÇ° Ç° BQQPJOUNFOUT Ç°USBOTGFSTÇ°BOEÇ°QSPNPUJPOTÇ°PGÇ°UIFÇ°"VEJUÇ°0GÅ³DFÄ´TÇ°PGÅ³DFST Ç° .POJUPS Ç°BEWJTF Ç°BOEÇ°QSPWJEFÇ°TVQQPSUÇ°UPÇ°UIFÇ°JOEFQFOEFOUÇ°PQFSBUJPOÇ°PGÇ°UIFÇ°"VEJUÇ°0GÅ³DFÇ°BOEÇ°SFWJFXÇ°JUTÇ°BVEJUÇ° Ç° SFQPSUTÇ°GPSÇ°RVBMJÅ³FEÇ°BOEÇ°CFOFÅ³DJBMÇ°PQFSBUJPOTÇ°PGÇ°"05 Ç°MFBEJOHÇ°UPÇ°SFEVDUJPOÇ°PGÇ°SJTLZÇ°DPOEJUJPOTÇ°JOÇ°WBSJPVTÇ°BTQFDUTÇ° to an acceptable level. (12) Approve plans, annual audit plans, manpower plans and plans regarding knowledge, skill, and characteristic Ç° EFWFMPQNFOUÇ°PGÇ°PGÅ³DFSTÇ°PGÇ°UIFÇ°"VEJUÇ°0GÅ³DFÇ°UPÇ°FOTVSFÇ°UIBUÇ°UIFÇ°JOTQFDUJPOÇ°JTÇ°DPNQMFUFÇ°BOEÇ°DPWFSTÇ°Å³OBODF Ç° accounting and operations with regular follow-ups. Ç° 3FWJFXÇ°BOEÇ°FOTVSFÇ°UIBUÇ°UIFÇ°DPOOFDUFEÇ°USBOTBDUJPOTÇ°PSÇ°USBOTBDUJPOTÇ°UIBUÇ°NBZÇ°DPOUBJOÇ°DPOÅ´JDUTÇ°PGÇ°JOUFSFTUÇ°BSFÇ° in full compliance with the law and the stipulations of the Stock Exchange of Thailand, appropriate, and serve the best interest of AOT. (14) Prepare the report of the Audit Committee and disclose it on the annual report. The report shall be signed by Ç° UIFÇ°$IBJSNBOÇ°PGÇ°UIFÇ°DPNNJUUFFÇ°BOEÇ°DPOTJTUTÇ°PGÇ°UIFÇ°GPMMPXJOHÇ°JOGPSNBUJPO Ç° Ç° 3FNBSLTÇ°POÇ°UIFÇ°BDDVSBDZ Ç°DPNQMFUFÇ°BOEÇ°TVGÅ³DJFODZÇ°PGÇ°"05Ä´TÇ°Å³OBODJBMÇ°SFQPSUÇ°BOEÇ°QSFQBSBUJPOÇ°QSPDFTT

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Ç° 3FNBSLTÇ°POÇ°UIFÇ°TVGÅ³DJFODZÇ°PGÇ°"05Ä´TÇ°JOUFSOBMÇ°DPOUSPMÇ°TZTUFN Ç° 3FNBSLTÇ°POÇ°"05Ä´TÇ°DPNQMJBODFÇ°XJUIÇ°TFDVSJUJFTÇ°BOEÇ°TUPDLÇ°FYDIBOHFÇ°MBXT Ç°TUJQVMBUJPOTÇ°PGÇ°UIFÇ°4UPDLÇ°&YDIBOHFÇ° of Thailand and other related business laws. (4) Remarks on the appropriateness of the auditor. Ç° 3FNBSLTÇ°POÇ°UIFÇ°DPOOFDUFEÇ°USBOTBDUJPOTÇ°UIBUÇ°NBZÇ°DPOUBJOÇ°DPOÅ´JDUTÇ°PGÇ°JOUFSFTU (6) The number of meetings of the Audit Committee and the attendance record. (7) Remarks or notice as a whole on the operations conducted by the Audit Committee in conformity with the charter. Ç° $PNQMJBODFÇ°UPÇ°UIFÇ°DIBSUFS Ç° Ç° 0UIFSÇ°JUFNTÇ°UIBUÇ°TIBSFIPMEFSTÇ°BOEÇ°JOWFTUPSTÇ°TIBMMÇ°CFÇ°JOGPSNFEÇ°BDDPSEJOHÇ°UPÇ°UIFÇ°TDPQFÇ°PGÇ°SFTQPOTJCJMJUJFTÇ° as assigned by AOTâ&#x20AC;&#x2122;s Board of Directors.

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Ç° 1FSGPSNÇ°BOZÇ°PUIFSÇ°BDUTÇ°XJUIJOÇ°UIFÇ°TDPQFÇ°PGÇ°EVUJFTÇ°BOEÇ°SFTQPOTJCJMJUJFTÇ°BTÇ°FOUSVTUFEÇ°CZÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPST (16) Review the conclusion and evidence where the dishonesty, improprieties of employees or the Management may exist and submit to the Board of Directors for further consideration. Ç° 3FWJTFÇ°"05Ä´TÇ°SVMFT Ç°SFHVMBUJPOT Ç°OPUJDFT Ç°BOEÇ°TUJQVMBUJPOTÇ°SFHBSEJOHÇ°UIFÇ°TQFDJÅ³DBUJPOÇ°PGÇ°TDPQFÇ°PGÇ°EVUJFTÇ°BOEÇ° Ç° SFTQPOTJCJMJUJFTÇ°GPSÇ°UIFÇ°"05Ç°"VEJUÇ°0GÅ³DFÇ°BUÇ°MFBTUÇ°PODFÇ°BÇ°ZFBS Ç°UPÇ°FOTVSFÇ°UIFÇ°BQQSPQSJBUFOFTTÇ°BOEÇ°UIFÇ°FGGFDUJWFOFTTÇ° Ç° PGÇ°JOEFQFOEFOUÇ°PQFSBUJPOTÇ°BOEÇ°QSPQPTFÇ°UPÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°UIFÇ°FYJTUJOHÇ°EFÅ³DJFODZÇ°BOEÇ°MJNJUBUJPOÇ°GPSÇ° further improvement. With regard to the scope of duties and responsibilities (1) - (17), the Audit Committee shall consider matters that may affect AOTâ&#x20AC;&#x2122;s operations. Ç° 1SFQBSFÇ°UIFÇ°"VEJUÇ°$PNNJUUFFÇ°$IBSUFSÇ°BTÇ°UIFÇ°GSBNFXPSLÇ°PGÇ°TUSVDUVSF Ç°BVUIPSJUZ Ç°EVUJFTÇ°BOEÇ°SFTQPOTJCJMJUJFTÇ°GPSÇ° the Audit Committee, and propose to the Board of Directors for approval. The charter must be checked at least once a year to ensure that it correlates with actual implementation. Self-assessment of the Audit Committee As stated in the Audit Committee Charter, the Audit Committee shall consuct an annual self-assessment to ensure UIBUÇ°UIFZÇ°QFSGPSNÇ°UIFÇ°EVUZÇ°FGÅ³DJFOUMZÇ°UIBUÇ°JTÇ°JOÇ°MJOFÇ°XJUIÇ°UIFÇ°PCKFDUJWFT Ç°"UÇ°UIFÇ°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSÇ°NFFUJOHÇ° /P Ç° Ç°EBUFEÇ° Ç°%FDFNCFSÇ° Ç°UIFÇ°CPBSEÇ°BDLOPXMFEHFEÇ°UIFÇ°TFMG BTTFTTNFOUÇ°SFTVMUÇ°XIJDIÇ°JTÇ°SBUFEÇ°WFSZÇ° good or 100%. Information Disclosure of the Internal Audit Supervisor "UÇ°UIFÇ°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSTÄ´Ç°NFFUJOHÇ°/P Ç° Ç°EBUFEÇ° Ç°"VHVTUÇ° Ç°UIFÇ°NFFUJOHÇ°SFTPMWFEÇ°UPÇ°BQQPJOUÇ° .S Ç°/PQQBEPMÇ°.POHLPMTJOÇ°BTÇ°UIFÇ°%JSFDUPSÇ°PGÇ°UIFÇ°"VEJUÇ°0GÅ³DFÇ°BTÇ°SFDPNNFOEFEÇ°CZÇ°UIFÇ°"VEJUÇ°$PNNJUUFF Ç°FGGFDUJWFÇ° GSPNÇ° Ç°0DUPCFSÇ° Ç°.S Ç°/PQQBEPMÇ°IBTÇ°HPPEÇ°LOPXMFEHFÇ°BOEÇ°FYQFSJFODFÇ°SFMBUFEÇ°UPÇ°BDDPVOUJOHÇ°BOEÇ°Å³OBODF Ç°XIJDI is necessary and useful for internal audit and can support the Audit Committeeâ&#x20AC;&#x2122;s in performing their duty in reviewing UIFÇ°SFMJBCJMJUZÇ°PGÇ°UIFÇ°Å³OBODJBMÇ°TUBUFNFOU Ç°*OÇ°BEEJUJPO Ç°.S Ç°/PQQBEPMÇ°IBTÇ°WFSZÇ°HPPEÇ°VOEFSTUBOEJOHÇ°POÇ°"05Ä´TÇ°CVTJOFTTÇ° BDUJWJUJFTÇ°BOEÇ°PQFSBUJPOT Ç°%VSJOHÇ°IJTÇ°UFOVSFÇ°PGÇ°"VEJUÇ°0GÅ³DFÇ°%JSFDUPS Ç°IFÇ°BUUFOEFEÇ°UIFÇ°USBJOJOHÇ°POÇ°JOUFSOBMÇ°BVEJUÇ° section management arranged by the Association of Internal Auditors of Thailand. The Board considered that he JTÇ°RVBMJÅ³FEÇ°UPÇ°QFSGPSNÇ°UIFÇ°EVUJFTÇ°JOÇ°IJTÇ°DBQBDJUZÇ°PGÇ°UIFÇ°%JSFDUPSÇ°PGÇ°UIFÇ°"VEJUÇ°0GÅ³DF

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2.2 The Nomination Committee AOTâ&#x20AC;&#x2122;s Board of Directors appoints the Nomination Committee based on AOTâ&#x20AC;&#x2122;s Articles of Association. The committee NVTUÇ°DPOTJTUÇ°PGÇ°BUÇ°MFBTUÇ° Ç°EJSFDUPSTÇ°XJUIÇ°BUÇ°MFBTUÇ° Ç°JOEFQFOEFOUÇ°EJSFDUPS Ç°*OÇ° Ç°UIFÇ°DPNNJUUFFÇ°IFMEÇ° Ç°NFFUJOHTÇ° JOÇ°UPUBM Ç°"TÇ°PGÇ° Ç°4FQUFNCFSÇ° Ç°UIFÇ°DPNNJUUFFÄ´TÇ°NFNCFSTÇ°XFSFÇ°BTÇ°GPMMPXT Ç° Ç°

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Name (1) Mr. Nirandra Theeranartsin (2) Mr. Rakop Srisupa-at Ç°Ç° 4RVBESPOÇ°-FBEFSÇ°1SBKBLÇ°4BKKBTPQIPOÇ°

Position Chairman of the Nomination Committee Member of the Nomination Committee .FNCFSÇ°PGÇ°UIFÇ°/PNJOBUJPOÇ°$PNNJUUFFÇ° *OEFQFOEFOUÇ°%JSFDUPS

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Scope of Duties and Responsibilities (1) Regulate policies, criteria and procedures of directors nomination Ç°Ç° 4FMFDUÇ°BOEÇ°QSPQPTFÇ°UIFÇ°RVBMJÅ³FEÇ°OPNJOFFTÇ°PGÇ°OFXÇ°EJSFDUPSTÇ°UPÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPST Ç° 1SPQPTFÇ°UIFÇ°OPNJOBUJPOÇ°PGÇ°EJSFDUPSTÇ°JOÇ°SPUBUJPOÇ°UPÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPST (4) Perform any other activity as entrusted by the Board of Directors 2.3 The Remuneration Committee AOTâ&#x20AC;&#x2122;s Board of Directors appoints the Remuneration Committee based on AOTâ&#x20AC;&#x2122;s Articles of Association. The DPNNJUUFFÇ°NVTUÇ°DPOTJTUÇ°PGÇ°BUÇ°MFBTUÇ° Ç°EJSFDUPSTÇ°XJUIÇ°BUÇ°MFBTUÇ° Ç°JOEFQFOEFOUÇ°EJSFDUPS Ç°5IFÇ°$IBJSNBOÇ°NVTUÇ°CFÇ°BOÇ° JOEFQFOEFOUÇ°EJSFDUPS Ç°*OÇ° Ç°UIFSFÇ°XFSFÇ° Ç°NFFUJOHÇ°IFME Ç°"TÇ°PGÇ° Ç°4FQUFNCFSÇ° Ç°UIFÇ°DPNNJUUFFÇ°DPOTJTUFEÇ°PGÇ° Ç°NFNCFSTÇ°BTÇ°GPMMPXT Name (1) Mr. Wara Tongprasin (2) Mr. Rakop Srisupa-at Ç°Ç° .JTTÇ°4VUUJSBUÇ°3BUUBOBDIPUÇ°

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Position Chairman of the Remuneration Committee (Independent Director) Member of the Remuneration Committee .FNCFSÇ°PGÇ°UIFÇ°3FNVOFSBUJPOÇ°$PNNJUUFF

Scope of Duties and Responsibilities (1) Consider the remuneration guidelines for the Board of Directors. Ç° $POTJEFSÇ°UIFÇ°DSJUFSJBÇ°PSÇ°QSPDFEVSFTÇ°GPSÇ°EFUFSNJOJOHÇ°UIFÇ°GBJSÇ°BOEÇ°SFBTPOBCMFÇ°SFNVOFSBUJPOÇ°BOEÇ°CFOFÅ³UTÇ°GPSÇ°UIF Board of Directors and submit to the Board of Directors for approval from the shareholdersâ&#x20AC;&#x2122; meeting. Ç° $POTJEFSÇ°UIFÇ°DSJUFSJBÇ°PSÇ°QSPDFEVSFTÇ°GPSÇ°EFUFSNJOJOHÇ°UIFÇ°SFNVOFSBUJPOÇ°GPSÇ°UIFÇ°PVUTJEFSTÇ°XIPÇ°BSFÇ°BQQPJOUFEÇ°UPÇ° be members of committees, subcommittees, and working groups and propose them to the Board of Directors for approval. 2.4 The Corporate Governance Committee AOTâ&#x20AC;&#x2122;s Board of Directors appoints the Corporate Governance Committee based on AOTâ&#x20AC;&#x2122;s Articles of Association. 5IFÇ°DPNNJUUFFÇ°NVTUÇ°DPOTJTUÇ°PGÇ°BUÇ°MFBTUÇ° Ç°EJSFDUPSTÇ°XJUIÇ°BUÇ°MFBTUÇ° Ç°JOEFQFOEFOUÇ°EJSFDUPS Ç°"TÇ°PGÇ° Ç°4FQUFNCFSÇ° Ç° UIFÇ°DPNNJUUFFÇ°DPOTJTUFEÇ°PGÇ° Ç°NFNCFST Ç° Ç°PVUÇ°PGÇ°XIJDIÇ°XFSFÇ°JOEFQFOEFOUÇ°EJSFDUPST Ç°BTÇ°GPMMPXT Name (1) Mr. Nantasak Poolsuk (2) Squadron Leader Prajak Sajjasophon Ç°Ç° "JSÇ°.BSTIBMÇ°1SBLJUÇ°4LVOBTJOHIBÇ° (4) President

Position Chairman of the Corporate Governance Committee (Independent Director) Member of the Corporate Governance Committee (Independent Director) .FNCFSÇ°PGÇ°UIFÇ°$PSQPSBUFÇ°(PWFSOBODFÇ°$PNNJUUFFÇ° *OEFQFOEFOUÇ°%JSFDUPS

Member of the Corporate Governance Committee

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Scope of Duties and Responsibilities (1) Regulate policies and operation guidelines on AOTâ&#x20AC;&#x2122;s corporate governance affairs and corporate social responsibility for sustainability and propose to the AOTâ&#x20AC;&#x2122;s Board of Directors for approval. (2) Promote and give advice on AOTâ&#x20AC;&#x2122;s good corporate governance to the Board of Directors to create internationally accepted procedures and good corporate governance as required by the Ministry of Finance and the Stock Exchange of Thailand. Ç° 1SPNPUFÇ° DPSQPSBUFÇ° TPDJBMÇ° SFTQPOTJCJMJUZÇ° DPWFSJOHÇ° FDPOPNJD Ç° TPDJBMÇ° BOEÇ° FOWJSPONFOUBMÇ° EJNFOTJPOTÇ° JOÇ° "05Ä´TÇ° operations. (4) Monitor, assess and rview policy, ethics and practice guideline on good corporate governance that is in line with international laws and practice as well as recommendation from related institutions for AOTâ&#x20AC;&#x2122;s Board of Directorâ&#x20AC;&#x2122;s approval. Ç° .POJUPS Ç°SFWJFXÇ°BOEÇ°BTTFTTÇ°UIFÇ°PQFSBUJPOTÇ°BDUJWJUJFTÇ°UPÇ°QSPNPUFÇ°TPDJBMMZÇ°SFTQPOTJCMFÇ°BDUJWJUJFT Ç° (6) Appoint working groups to support the operations as deemed appropriate. (7) Periodically report the operation results to the AOTâ&#x20AC;&#x2122;s Board of Director. 2.5 The Risk Management Committee AOTâ&#x20AC;&#x2122;s Board of Directors appoints the Risk Management Committee based on AOTâ&#x20AC;&#x2122;s Articles of Association. The DPNNJUUFFÇ°NVTUÇ°DPOTJTUÇ°PGÇ°BUÇ°MFBTUÇ° Ç°EJSFDUPST Ç°*OÇ° Ç° Ç°NFFUJOHTÇ°XFSFÇ°IFME Ç°"TÇ°PGÇ° Ç°4FQUFNCFSÇ° Ç°UIFÇ°DPNNJUUFFÇ° consisted of 4 members as follows Name

Position

(1) Lieutenant General Kampanat Ruddit (2) Squadron Leader Prajak Sajjasophon Ç°Ç° .S Ç°8BSBÇ°5POHQSBTJOÇ° (4) President

Chairman of the Risk Management Committee (Independent Director) Member of the Risk Management Committee (Independent Director) .FNCFSÇ°PGÇ°UIFÇ°3JTLÇ°.BOBHFNFOUÇ°$PNNJUUFFÇ° *OEFQFOEFOUÇ°%JSFDUPS

Member of the Risk Management Committee

Scope of Duties and Responsibilities (1) Set the policies, guidelines and framework for risk management and business continuity management as well as verify and review these regularly and at least once a year. This is to ensure these are in compliance with and appropriate to the business environment and overview of AOT. (2) Consider the organizationâ&#x20AC;&#x2122;s risk appetite. Ç° $POTJEFSÇ°BOEÇ°BQQSPWFÇ°SJTLÇ°BTTFTTNFOU Ç°HVJEFMJOFT Ç°NFBTVSFTÇ°BTÇ°XFMMÇ°BTÇ°PQFSBUJPOBMÇ°QMBOTÇ°UPÇ°NBOBHFÇ°UIFÇ°SFNBJOJOHÇ° risks to ensure adequate and appropriate risk management. (4) Consider a Risk Map which demonstrate the relationships between AOTâ&#x20AC;&#x2122;s risks. Ç° 3FHVMBUFÇ°BOEÇ°VQIPMEÇ°SJTLÇ°NBOBHFNFOUÇ°UPÇ°BDIJFWFÇ°PSHBOJ[BUJPOBMÇ°TUBOEBSET Ç°BOEÇ°SFDPNNFOEÇ°QSPDFEVSFTÇ°UPÇ° prevent and mitigate risks to an acceptable level. Monitor, assess and improve operating plans to continuously Ç° SFEVDFÇ°SJTLT Ç°*UÇ°JTÇ°WJUBMÇ°UPÇ°UIFÇ°CVTJOFTTÇ°FOWJSPONFOUÇ°UPÇ°FOTVSFÇ°UIFÇ°SJTLTÇ°BSFÇ°NBOBHFEÇ°TVGĹłDJFOUMZÇ°BOEÇ°TVJUBCMZ

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(6) Give advice to and support to AOTâ&#x20AC;&#x2122;s Board of Directors, AOTâ&#x20AC;&#x2122;s Risk Management Committee, AOTâ&#x20AC;&#x2122;s Working Groups on Internal Control System and Risk Management of Operations, and Working Group on Business Continuity Management responsible for organizational risk management. Promote and support the regular improvement and development of AOTâ&#x20AC;&#x2122;s internal risk management system constantly. Ç° 4VQFSWJTFÇ°BOEÇ°NPOJUPSÇ°UIFÇ°FGÅ³DJFODZÇ°BOEÇ°FGGFDUJWFOFTTÇ°PGÇ°SJTLÇ°NBOBHFNFOUÇ°BTÇ°XFMMÇ°BTÇ°UIFÇ°QSBDUJDFTÇ°PGÇ°UIFÇ° management and various departments throughout the organization to ensure compliance with the policies, guidelines and the framework of the risk management process. Ç° "DLOPXMFEHFÇ°BOEÇ°HJWFÇ°BEWJDFÇ°POÇ°UIFÇ°JOUFSOBMÇ°DPOUSPMÇ°PQFSBUJPOÇ°BOEÇ°NPOJUPSÇ°QSPHSFTTÇ°PGÇ°PQFSBUJPOTÇ°BDDPSEJOHÇ° to the internal control improvement plan. Ç° "DLOPXMFEHFÇ°BOEÇ°SFDPNNFOEÇ°CVTJOFTTÇ°DPOUJOVJUZÇ°NBOBHFNFOUÇ°PQFSBUJPOTÇ°UPÇ°FOTVSFÇ°"05Ç°JTÇ°BCMFÇ°UPÇ°SFTQPOEÇ° to various incidents effectively. (10) Hold Risk Management Committee Meetings every quarter or when crucial incidents occur that may affect AOTâ&#x20AC;&#x2122;s operations or as and when the committee deems appropriate. (11) Report important corporate risks and risk status, risk management guidelines, progress and results of risk management to AOTâ&#x20AC;&#x2122;s Board of Directors for acknowledgement every quarter. (12) Communicate and exchange information and coordinate with the Assessment Committee on risks and internal control which the Audit Committee. Ç° "QQPJOUÇ°BÇ°XPSLJOHÇ°HSPVQÇ°BOE PSÇ°UIFÇ°NBOBHFNFOUÇ°UPÇ°TVQQPSUÇ°QSPDFTTÇ°BOEÇ°BDUJWJUJFTÇ°PGÇ°SJTLÇ°NBOBHFNFOUÇ°POÇ° appropriate and as necessary. (14) Mandate duties and responsibilities of the Working Groups on Risk Management, Internal Control System and Risk Management of Operations as well as Business Continuity Management of AOT on behalf of the Risk Management Committee in essential cases.

3. Nomination Procedures for and Appointment of Directors and AOTâ&#x20AC;&#x2122;s President Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

3.1 Independent Directors The Board of Directors is very important to AOTâ&#x20AC;&#x2122;s corporate governance. The Board consists of knowledgeable QFSTPOTÇ°XJUIÇ°FYQFSUJTFÇ°BOEÇ°FYQFSJFODFÇ°UIBUÇ°BSFÇ°PGÇ°HSFBUÇ°CFOFÅ³UTÇ°UPÇ°"05Ç°BOEÇ°BSFÇ°JOEFQFOEFOUÇ°BDDPSEJOHÇ°UPÇ°"05Ä´TÇ° Good Corporate Governance practice. 5IFÇ°EFÅ³OJUJPOÇ°PGÇ°Ä¶*OEFQFOEFOUÇ°%JSFDUPSÄ·Ç°XBTÇ°DMFBSMZÇ°SFDPSEFEÇ°JOÇ°XSJUJOHÇ°GPSÇ°DMBSJÅ³DBUJPOÇ°BTÇ°GPMMPXT Ç° *OEFQFOEFOUÇ°EJSFDUPSTÇ°BSFÇ°FOUJUMFEÇ°UPÇ°MFTTÇ°UIBOÇ° Ç°PGÇ°UIFÇ°UPUBMÇ°WPUJOHÇ°TIBSFTÇ°PGÇ°"05 Ç°BGÅ³MJBUFEÇ°BOEÇ°BTTPDJBUFE (2) Independent directors must not be involved with any management and must not be employees advisors with monthly salary, audit consultants, legal consultants or other types of advisor. Nor are they the persons with Ç° BVUIPSJUZÇ°PWFSÇ°"05 Ç°BGÅ³MJBUFEÇ°BOEÇ°BTTPDJBUFEÇ°DPNQBOJFT Ç°BOEÇ°MFHBMÇ°FOUJUJFTÇ°XIJDIÇ°NBZÇ°IBWFÇ°DPOÅ´JDUTÇ°PGÇ°JOUFSFTU Ç° Ç° 5IFZÇ°NVTUÇ°OPUÇ°IBWFÇ°CFOFÅ³UTÇ°PSÇ°TUBLFTÇ°JOÇ°TVDIÇ°NBOOFSÇ°GPSÇ°BUÇ°MFBTUÇ° Ç°ZFBST Ç° *OEFQFOEFOUÇ°EJSFDUPSTÇ°NVTUÇ°OPUÇ°IBWFÇ°BOZÇ°CVTJOFTTÇ°SFMBUJPOTIJQTÇ°BTÇ°DVTUPNFST Ç°USBEJOHÇ°QBSUOFST Ç°USBEFÇ°DSFEJUPST Ç° Ç° EFCUPST Ç°BOEÇ°Å³OBODJBMÇ°DSFEJUPST EFCUPSTÇ°XJUIÇ°"05 Ç°5IFZÇ°NVTUÇ°OPUÇ°IBWFÇ°EJSFDUÇ°PSÇ°JOEJSFDUÇ°CFOFÅ³UTÇ°JOÇ°UIFÇ°Å³OBODFÇ° Ç° BOEÇ°NBOBHFNFOUÇ°PGÇ°"05 Ç°BGÅ³MJBUFEÇ°BOEÇ°BTTPDJBUFEÇ°DPNQBOJFT Ç°BOEÇ°MFHBMÇ°FOUJUJFTÇ°XIJDIÇ°NBZÇ°IBWFÇ°DPOÅ´JDUTÇ°PGÇ° interest that may impair their independence in the performance of their duties. (4) Independent directors must not be relatives or have a relationship, which may impede the independency of Ç° UIFÇ°NBOBHFNFOUÇ°BOEÇ°NBKPSÇ°TIBSFIPMEFSTÇ°PGÇ°"05 Ç°BGÅ³MJBUFEÇ°BOEÇ°BTTPDJBUFEÇ°DPNQBOJFT Ç°BOEÇ°MFHBMÇ°FOUJUJFTÇ°XIJDIÇ° Ç° NBZÇ°IBWFÇ°DPOÅ´JDUTÇ°PGÇ°JOUFSFTU Ç°/PSÇ°TIPVMEÇ°UIFZÇ°CFÇ°BQQPJOUFEÇ°UPÇ°SFQSFTFOUÇ°PSÇ°QSPUFDUÇ°UIFÇ°CFOFÅ³UTÇ°PGÇ°BOZ directors or major shareholders.

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Ç° *OEFQFOEFOUÇ°EJSFDUPSTÇ°NBZÇ°CFÇ°BTTJHOFEÇ°CZÇ°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°UPÇ°NBLFÇ°EFDJTJPOTÇ°POÇ°UIFÇ°PQFSBUJPOTÇ°PGÇ°UIFÇ° Ç° QBSFOUÇ°DPNQBOZ Ç°TVCTJEJBSJFT Ç°TBNF MFWFMÇ°BGÅ³MJBUFT Ç°BOEÇ°MFHBMÇ°FOUJUJFTÇ°XJUIÇ°DPOÅ´JDUTÇ°PGÇ°JOUFSFTUÇ°CZÇ°NFBOTÇ°PGÇ° collective decision. Ç° 5IFÇ°EFÅ³OJUJPOÇ°PGÇ°Ä¶*OEFQFOEFOUÇ°%JSFDUPSÄ·Ç°JTÇ°TUSJDUFSÇ°UIBOÇ°UIFÇ°NJOJNVNÇ°SFRVJSFNFOUÇ°PGÇ°UIFÇ°4FDVSJUJFTÇ°BOEÇ°&YDIBOHFÇ° Commission and the Stock Exchange of Thailand, including the proporation of shareholding and prohibition. The auditor and legal advisor are Independent Directors. Meanwhile, Independent Director does not have potential Ç° DPOÅ´JDUÇ°PGÇ°JOUFSFTUÇ°XJUIÇ°"05Ç°BUÇ°MFBTUÇ° Ç°ZFBSTÇ°CFGPSFÇ°UBLJOHÇ°PGÅ³DF Ç° 1FSTPOTÇ°XIPÇ°BSFÇ°OPNJOBUFEÇ°UPÇ°CFÇ°EJSFDUPSTÇ°BDDPSEJOHÇ°UPÇ°UIFÇ°DSJUFSJBÇ°BOEÇ°QSPDFEVSFTÇ°BTÇ°JOÇ°JUFNÇ°OP Ç° Ç°BOEÇ°XIP Ç°Ç° QPTTFTTÇ°UIFÇ°SFRVJSFEÇ°RVBMJÅ³DBUJPOTÇ°BDDPSEJOHÇ°UPÇ°UIFÇ°EFÅ³OJUJPOÇ°TUBUFEÇ°BCPWFÇ°TIBMMÇ°CFÇ°BQQPJOUFEÇ°CZÇ°UIFÇ°SFTPMVUJPOÇ° of the Board of Directors Meeting or Shareholdersâ&#x20AC;&#x2122; Meeting.

3.2 Nomination Procedures for Directors

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When a director position is vacant, the Nomination Committee is responsible for nominating an appropriate person for replacement. Criteria are as follows: (1) Selection of a candidate from the list of state enterprice directors prepared by the State Enterprise Policy Ç° 0GÅ³DF Ç°5IFÇ°MJTUÇ°DPNQSJTFTÇ°OBNFTÇ°PGÇ°LOPXMFEHFBCMFÇ°QFSTPOTÇ°XJUIÇ°TQFDJBMJTUÇ°JOÇ°WBSJPVTÇ°BSFBTÇ°UIBUÇ°NBZÇ°CFÇ°VTFGVMÇ° for state enterprise operaions. Ç° 1PTTFTTÇ°LOPXMFEHF Ç°BCJMJUJFTÇ°BOEÇ°EJGGFSFOUÇ°Å³FMETÇ°PGÇ°FYQFSJFODFÇ°XIJDIÇ°BSFÇ°CFOFÅ³DJBMÇ°BOEÇ°WBMVBCMFÇ°UPÇ°"05 Ç° Ç° 1PTTFTTÇ°RVBMJÅ³DBUJPOTÇ°BTÇ°TUBUFEÇ°JOÇ°"05Ä´TÇ°"SUJDMFTÇ°PGÇ°"TTPDJBUJPO Ç°4UBOEBSEÇ°2VBMJÅ³DBUJPOTÇ°GPSÇ°%JSFDUPSTÇ°BOEÇ°4UBUFÇ° Ç° &OUFSQSJTFÇ°0GÅ³DJBMTÇ°"DU Ç°1SJWBUFÇ°$PNQBOZÇ°"DU Ç°BOEÇ°4FDVSJUJFTÇ°BOEÇ°&YDIBOHFÇ°"DUÇ°BOEÇ°UIFÇ°4UPDLÇ°&YDIBOHFÇ°PGÇ° Thailandâ&#x20AC;&#x2122;s Good Corporate Governance Principle 2012. (4) Possess qualities which support corporate governance, independence, accountability, care, loyalty, and time Ç° EFEJDBUJPOÇ°FUD Ç°"05Ç°HJWFTÇ°IJHIÇ°JNQPSUBODFÇ°UPÇ°UIFÇ°QFSTPOTÇ°XJUIÇ°TQFDJÅ³DÇ°TLJMMT Ç°FYQFSJFODF Ç°LOPXMFEHFÇ°BOEÇ°PUIFSÇ° Ç° RVBMJÅ³DBUJPOTÇ°UIBUÇ°FYJTUJOHÇ°EJSFDUPSTÇ°EPÇ°OPUÇ°IBWFÇ°TVDIÇ°FYQFSUJTFÇ°JOÇ°PSEFSÇ°UPÇ°QSPWJEFÇ°UIFÇ°CFTUÇ°CFOFÅ³UTÇ°UPÇ°"05Ç° Ç° BOEÇ°OPUÇ°UPÇ°DBVTFÇ°DPOÅ´JDUÇ°PGÇ°JOUFSFTUÇ°BNPOHÇ°EJSFDUPST Ç°5IFÇ°/PNJOBUJPOÇ°$PNNJUUFFÇ°NBJOMZÇ°DPOTJEFSTÇ°UIFÇ°RVBMJ Ç° Å³DBUJPOTÇ°UIBUÇ°BSFÇ°VTFGVMÇ°BOEÇ°XJMMÇ°CSJOHÇ°CFOFÅ³UTÇ°UPÇ°"05 Replacement of directors whose terms come to an end shall be approved by the Annual General Meeting of Shareholders with majority votes of participating shareholders. Criteria and procedure of new directors selection are as follows: (1) In case a director position becomes vacant before the end of the term, a new director replacement can be selected with at least three fourths of the number of members of the Board of Directors. The replaced directors whose terms come to an end and their terms are equivalent to the remaining terms of those replaced. Ç° 5IFÇ°FMFDUJPOÇ°PGÇ°UIFÇ°EJSFDUPSTÇ°XIPÇ°MFBWFÇ°PGÅ³DFÇ°POÇ°SPUBUJPOÇ°TIBMMÇ°CFÇ°BQQSPWFEÇ°GSPNÇ°UIFÇ°(FOFSBMÇ°"OOVBMÇ°4IBSFIPMEFSTÄ´Ç° meeting. The persons receiving the highest score shall be appointed as directors. The number of appointed persons equals the number of directors to be elected at that time. Criteria and election procedure are as follows: Ç° Ç° 5IFÇ°/PNJOBUJPOÇ°$PNNJUUFFÇ°TIBMMÇ°DPOTJEFSÇ°UIFÇ°MJTUÇ°PGÇ°QFSTPOTÇ°XJUIÇ°BQQSPQSJBUFÇ°RVBMJÅ³DBUJPOT Ç°QSPQPTFÇ° to the Board of Directors for consideration and submit to the General Shareholdersâ&#x20AC;&#x2122; meeting for voting. AOT allows all shareholders to nominate directors and therefore invites shareholders to nominate directors Ç° Ç° Ç° GSPNÇ° Ç°+VMZÇ° Ç° Ç°4FQUFNCFSÇ°FWFSZÇ°ZFBS Ç°"05Ç°JOGPSNTÇ°TIBSFIPMEFSTÇ°UISPVHIÇ°UIFÇ°4UPDLÇ°&YDIBOHFÇ°PGÇ°5IBJMBOEÄ´TÇ° communications channel and on AOTâ&#x20AC;&#x2122;s website. Criteria on pre-nomination and nomination form is also published on AOTâ&#x20AC;&#x2122;s website. (2.2) In case the number of nominated persons does not exceed the number of directors to be selected, AOT shall ask the shareholdersâ&#x20AC;&#x2122; meeting to vote for the entire list of nominated persons by voting for individual nominee.

Ç°Ç° *OÇ°DBTFÇ°UIFÇ°OVNCFSÇ°PGÇ°OPNJOBUFEÇ°QFSTPOTÇ°FYDFFEÇ°UIFÇ°OVNCFSÇ°PGÇ°EJSFDUPSTÇ°UPÇ°CFÇ°TFMFDUFE Ç°TIBSFIPMEFSTÇ° shall vote for the candidates in the number that does not exceed the number of directors to be elected. The persons receiving the highest scores shall be appointed as directors and at the number of directors to be elected. Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

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3.3 Ç° Ç° Ç° Ç° Ç° Ç° (2) Ç° Ç° Ç° Ç° (4)

Nomination Procedures for AOTâ&#x20AC;&#x2122;s President "05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°BQQPJOUTÇ°UIFÇ°1SFTJEFOUÇ°/PNJOBUJPOÇ°$PNNJUUFFÇ°XIJDIÇ°DPOTJTUTÇ°PGÇ° Ç°EJSFDUPST Ç°5IFÇ° BVUIPSJUZÇ°JOÇ°UIJTÇ°SFHBSEÇ°JTÇ°UPÇ°CFÇ°JOÇ°DPNQMJBODFÇ°XJUIÇ°4UBOEBSEÇ°2VBMJÅ³DBUJPOTÇ°GPSÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°BOEÇ°4UBUFÇ° &OUFSQSJTFÇ° 0GÅ³DJBMTÇ° "DUÇ° # & Ç° Ç° BNFOEFEÇ° CZÇ° UIFÇ° 4UBOEBSEÇ° 2VBMJÅ³DBUJPOTÇ° "DUÇ° GPSÇ° #PBSEÇ° PGÇ° %JSFDUPSTÇ° BOEÇ° 4UBUFÇ°&OUFSQSJTFÇ°0GÅ³DJBMTÇ° *TTVFÇ° Ç°# & Ç° Ç°BOEÇ° *TTVFÇ° Ç°# & Ç° Ç°5IFÇ°DBOEJEBUFTÇ°NVTUÇ°IBWFÇ°RVBMJÅ³DBUJPOTÇ° BOEÇ°OPUÇ°CFÇ°QSPIJCJUFEÇ°BTÇ°TQFDJÅ³FEÇ°JOÇ°.FBTVSFÇ° Ç° Ç° Ç° Ç° Ç° Ç° Ç°BOEÇ° Ç°5IFZÇ°NVTUÇ°BMTPÇ°QPTTFTTÇ°TQFDJÅ³DÇ° RVBMJÅ³DBUJPOTÇ°BTÇ°BQQSPWFEÇ°JOÇ°QSJODJQMFÇ°CZÇ°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPST Ç°Ç° Ç° The President Nomination Committee nominates knowledgeable, capable and experienced individual who QPTTFTTÇ°RVBMJÅ³DBUJPOTÇ°BOEÇ°IBTÇ°OPUÇ°QSPIJCJUFEÇ°DIBSBDUFSJTUJDTÇ°BDDPSEJOHÇ°UPÇ°.FBTVSFÇ° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°BOEÇ° Ç°PGÇ°UIFÇ°4UBOEBSEÇ°2VBMJÅ³DBUJPOTÇ°GPSÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°BOEÇ°4UBUFÇ°&OUFSQSJTFÇ°0GÅ³DJBMTÇ°"DUÇ° *TTVFÇ° Ç° # & Ç° Ç° 5IFÇ°OPNJOBUJPOÇ°NVTUÇ°CFÇ°EPOFÇ°CZÇ°BEWFSUJTJOHÇ°UISPVHIÇ°BUÇ°MFBTUÇ° Ç°UZQFTÇ°PGÇ°NFEJB Once suitable candidates are acquired, the committee must propose the names to the Board of Directors for consideration. Ç° 5IFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°XJMMÇ°UIFOÇ°TVCNJUÇ°OBNFTÇ°PGÇ°TFMFDUFEÇ°DBOEJEBUFTÇ°XJUIÇ°UIFJSÇ°SFTVNFTÇ°UPÇ°UIFÇ°1SFTJEFOUÇ° Remuneration Subcommittee (appointed by the Board of Directors) to consider their remunerations. (6) The President Remuneration Subcommittee considers the remuneration, employment conditions and details of employment contract. The Subcommittee also negotiates with the successful candidate on the remunerations Ç° JOÇ°BDDPSEBODFÇ°XJUIÇ°UIFÇ°SFNVOFSBUJPOÇ°DSJUFSJBÇ°BOEÇ°HVJEFMJOFTÇ°PGÇ°UIFÇ°DBCJOFUÄ´TÇ°SFTPMVUJPOTÇ°PGÇ° Ç°+VOFÇ° Ç°BOEÇ° 22 June 2004. Main issues to be considered are as follows: Ç° Ç° 5IFÇ°SFNVOFSBUJPOÇ°NVTUÇ°CFÇ°JOÇ°MJOFÇ°XJUIÇ°UIFÇ°UPQÇ°FYFDVUJWFÄ´TÇ°RVBMJÅ³DBUJPOT Ç°LOPXMFEHF Ç°BCJMJUJFT Ç°FYQFSJFODFT Ç° missions, and goals. (6.2) The employment contract must specify the goals and indicators are to be carried out successfully within the time frame for evaluation purposes. Ç° Ç° (PBMT Ç°NJTTJPOTÇ°BOEÇ°DMFBSÇ°JOEJDBUPSTÇ°OFFEÇ°UPÇ°CFÇ°TFUÇ°VQÇ°GPSÇ°NFBTVSJOHÇ°UIFÇ°MFWFMÇ°PGÇ°BDDPNQMJTINFOUÇ°PGÇ° the top executive in order to acquire an executive who is highly competent in management. If the goals cannot be realized, the contract can be terminated. (7) After considering the presidentâ&#x20AC;&#x2122;s remuneration, the Subcommittee submits the results in (6) together with a draft of the employment contract to AOTâ&#x20AC;&#x2122;s Board of Directors for consideration and then proposes to the Ministry of Finance for approval. Ç°Ç° 0ODFÇ°UIFÇ°.JOJTUSZÇ°PGÇ°'JOBODFÇ°BQQSPWFTÇ°UIFÇ°SFNVOFSBUJPOÇ°BOEÇ°UIFÇ°ESBGUFEÇ°DPOUSBDU Ç°"05Ç°XJMMÇ°UIFOÇ°QSPQPTFÇ°UPÇ° authorized individuals (as stipulated in the state enterprise law) for appointment. The employment contract must be signed by the Chairman or directors assigned by AOTâ&#x20AC;&#x2122;s Board of Directors (in the case where the Chairman is not available). Authorities of AOTâ&#x20AC;&#x2122;s President AOTâ&#x20AC;&#x2122;s Articles of Association prescribe that the President has the authorities and duties as assigned by the Board of Directors must manage in accordance with operation plans and budgets approved by the Board of Directors with

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TUSJDUOFTT Ç°IPOFTUZ Ç°BOEÇ°DBSFÇ°JOÇ°PSEFSÇ°UPÇ°NBJOUBJOÇ°UIFÇ°CFOFĹłUTÇ°PGÇ°UIFÇ°DPNQBOZÇ°BOEÇ°TIBSFIPMEFST Ç°5IFÇ°BVUIPSJUJFTÇ° also include the following activities: (1) Ç° Ç° Ç° Ç°

Operate and/or manage day-to-day work. 3FDSVJU Ç°BQQPJOU Ç°SFMJFWF Ç°USBOTGFS Ç°NPWF Ç°EFEVDUÇ°TBMBSJFTÇ°PSÇ°XBHFT Ç°JNQPTFÇ°EJTDJQMJOBSZÇ°QVOJTINFOUÇ°POÇ°PGĹłDFSTÇ° BOEÇ°FNQMPZFFTÇ°BTÇ°XFMMÇ°BTÇ°UFSNJOBUFÇ°PGĹłDFSTÇ°BOEÇ°FNQMPZFFTÇ°BTÇ°TUJQVMBUFEÇ°CZÇ°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSTÄ´Ç°SFHVMBUJPOT Ç° )PXFWFS Ç°UIFÇ°#PBSEÄ´TÇ°BQQSPWBMÇ°JTÇ°UPÇ°CFÇ°PCUBJOFEÇ°JOÇ°UIFÇ°DBTFÇ°PGÇ°EJWJTJPOÇ°PGĹłDFSTÇ°PSÇ°FRVJWBMFOU 4VQFSWJTFÇ°UIFÇ°QSFQBSBUJPOÇ°BOEÇ°TVCNJTTJPOÇ°PGÇ°"05Ä´TÇ°CVTJOFTT Ç°QPMJDJFT Ç°PQFSBUJPOÇ°QMBOT Ç°BOEÇ°CVEHFUTÇ°UPÇ°"05Ä´TÇ° Board of Directors for approval. The President is also responsible for reporting the progress of the approved operation plans and budgets to the Board of Directors with the time frame set by the Board of Directors. (4) Operate in compliance with policies, operation plans, and budgets approved by AOTâ&#x20AC;&#x2122;s Board of Directors. Ç° 3FHVMBUFÇ°"05Ä´TÇ°PQFSBUJPOÇ°SVMFT

4. Supervision of Subsidiaries and Associates Ç° Ç° Ç° Ç° Ç°

AOT in its capacity of shareholder assigned its representatives to work in its subsidiaries and associates in order UPÇ°QSPUFDUÇ°"05Ä´TÇ°CFOFĹłUTÇ°BOEÇ°DPMMBCPSBUFÇ°JOÇ°CVTJOFTTÇ°PQFSBUJPOT Ç°"05Ä´TÇ°SFQSFTFOUBUJWFTÇ°NVTUÇ°SFDFJWFÇ°BQQSPWBMÇ°GSPNÇ° AOT executives or the Board of Driectors to sit in the Board of Directors of its subsidiaries and associates. The directors assigned comprise AOTâ&#x20AC;&#x2122;s personnel, including Director, executives or outsiders who have good understanding of the CVTJOFTTÇ°BOEÇ°DBOÇ°QSPWJEFÇ°NBOBHFNFOUÇ°HVJEBODFÇ°GPSÇ°UIFÇ°CFOFĹłUTÇ°PGÇ°"05 Ç°5IFÇ°SFQSFTFOUBUJWFTÇ°TIBMMÇ°IBWFÇ°UIFÇ°RVBMJUJFTÇ° as stated in the joint venture agreement or AOTâ&#x20AC;&#x2122;s regulations on Supervision of Subsidiaries and Associates B.E. AOT prepared and informed its representatives of the regulations on Supervision of Subsidiaries and Associates # & Ç° Ç°JOÇ°PSEFSÇ°UPÇ°FOTVSFÇ°UIBUÇ°JUTÇ°SFQSFTFOUBUJWFTÇ°DBOÇ°QFSGPSNÇ°UIFJSÇ°EVUJFTÇ°UIBUÇ°BSFÇ°JOÇ°MJOFTÇ°XJUIÇ°"05Ä´TÇ°QPMJDZ Ç° The regulations include the authority to appoint AOTâ&#x20AC;&#x2122;s representatives, the responsibilities of AOTâ&#x20AC;&#x2122;s representatives, BOEÇ°SFQPSUJOHÇ°PGÇ°TVCTJEJBSJFTÇ°BOEÇ°BTTPDJBUFTÄ´Ç°QFSGPSNBODFÇ°SFTVMUÇ°UPÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°POÇ°NPOUIMZÇ°CBTJT Ç°4QFDJĹłD organizations are required to prepare and report the AOTâ&#x20AC;&#x2122;s operating performance result to the Board of Directors on annual basis.

5. The Use of Internal Information Ç° Ç°

Policy on Internal Information used by the Management "05Ç°JTÇ°TFSJPVTÇ°BCPVUÇ°UIFÇ°VTFÇ°POÇ°JOUFSOBMÇ°JOGPSNBUJPOÇ°GPSÇ°QFSTPOBMÇ°CFOFĹłUT Ç°5PÇ°QSFWFOUÇ°TVDIÇ°BDUJPO Ç°JUÇ°DMFBSMZÇ°TQFDJĹłFTÇ° JOÇ°UIFÇ°(PPEÇ°$PSQPSBUFÇ°(PWFSOBODFÇ°(VJEFMJOFÇ°3FWJTJPOÇ° Ç° Ç°BTÇ°GPMMPXT 1. AOTâ&#x20AC;&#x2122;s Board of Directors, President, Senior Executive Vice President level upwards, Executive Vice President (Planning and Finance), Deputy and General Manager of Suvarnabhumi Airport (Operations), Vice President of Accounting Department, Vice President of Finance Department, Vice President of Planning and Finance Department of Suvarnabhumi Airport are required to report their portfolio in accordance with the regulations of the Stock Exchange of Thailand and the Securities and Exchange Commission. 2.

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AOTâ&#x20AC;&#x2122;s Directors, executives and employees have to comply with laws related to internal information use. Equitable and fair treatment of all shareholders is in focus in order to prevent fraudulent practice of its employees at all levels as well as their family who receive or may receive the information that is not yet publicly announced. AOT prohibits the mentioned personnel from selling or buying shares or encouraging others to buy or sell, or make offers by themselves or through brokers while the information is not yet publicly released. AOT and the Stock Exchange of Thailand considered this as a speculation or an action that create BEWBOUBHFÇ°POÇ°BÇ°TQFDJĹłDÇ°HSPVQ

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Ç° "05Ç°QSFQBSFTÇ°XPSLÇ°TBGFUZÇ°NFBTVSFTÇ°UPÇ°QSFWFOUÇ°EJTDMPTVSFÇ°BOEÇ°VTFÇ°PGÇ°JOUFSOBMÇ°JOGPSNBUJPOÇ°SFMBUFEÇ°UPÇ°Å³OBODJBMÇ° statements and may have impact on share price. AOT has limited access to internal information that is yet to be released publicly only to directly related persons and only in necessary case. It is the duty of the holders of unpublished information to ensure that related persons strictly comply with the information security Ç° SFHVMBUJPOTÇ°BOEÇ°UIFÇ°4FDVSJUJFTÇ°BOEÇ°&YDIBOHFÇ°"DUÇ°# & Ç° "05Ç°%JSFDUPSTÇ°BOEÇ°FYFDVUJWFTÇ°BSFÇ°SFRVJSFEÇ°UPÇ°QSFQBSFÇ°TFDVSJUJFTÇ°TBMFÇ°BOEÇ°QVSDIBTFÇ°PSÇ°'PSNÇ° Ç°GSPNÇ°UIFÇ°EBUFÇ° they are appointed as the director/executive/auditor. Any changes due to sales and purchase of securities have UPÇ°CFÇ°SFQPSUFEÇ° GPSNÇ° Ç°XJUIJOÇ° Ç°XPSLJOHÇ°EBZTÇ°BGUFSÇ°UIFÇ°USBOTBDUJPOÇ°EBUFÇ°SFHBSEMFTTÇ°PGÇ°WBMVFÇ°BOEÇ°BNPVOUÇ°PGÇ°TIBSFTÇ° sales or purchase.

6. Auditorâ&#x20AC;&#x2122;s Remuneration Ç° Ç°

Audit Fee *OÇ° Ç°"05Ç°BOEÇ°TVCTJEJBSJFTÇ°QBJEÇ° Ç°#BIUÇ°BOEÇ° Ç°#BIUÇ°SFTQFDUJWFMZÇ°UPÇ°UIFÇ°0GÅ³DFÇ°PGÇ°"VEJUPSÇ°(FOFSBMÇ° who is the auditor of AOT and Subsidiaries. This did not include overtime pay and travel expense of the auditors GSPNÇ°UIFÇ°0GÅ³DFÇ°PGÇ°"VEJUPSÇ°(FOFSBM

Internal Controls "05Ç°QMBDFTÇ°HSFBUÇ°JNQPSUBODFÇ°POÇ°JOUFSOBMÇ°DPOUSPMTÇ°BOEÇ°JOÇ°UIJTÇ°SFHBSEÇ°IBTÇ°JOÇ°QMBDFÇ°FGGFDUJWFÇ°BOEÇ°TVGÅ³DJFOUÇ°JOUFSOBMÇ°DPOUSPMÇ° structure. AOT has set up the Risk Management and Internal Control Working Group for each division/department/ airport and the AOTâ&#x20AC;&#x2122;s Risk Management and Internal Control system management working group, which is a subunit under AOT. Each working group is chaired by the senior executive responsible for that division/department/airport and subunit to support the internal control system, provide supervision and give accurate reports of operating results as XFMMÇ°BTÇ°SFTQPOETÇ°UPÇ°JODJEFOUÇ°QSPNQUMZÇ°BOEÇ°FGÅ³DJFOUMZ Ç°*OÇ°PSEFSÇ°UPÇ°FOTVSFÇ°UIBUÇ°"05Ä´TÇ°PQFSBUJPOTÇ°NFFUÇ° Ç°HPBMTÇ° Ç° Ç°FGGFDUJWFÇ° BOEÇ°FGÅ³DJFOUÇ°PQFSBUJPOT Ç° Ç°DSFEJCMFÇ°Å³OBODJBMÇ°SFQPSUÇ°BOEÇ° Ç°DPNQMJBODFÇ°XJUIÇ°SFMBUFEÇ°SVMFTÇ°BOEÇ°SFHVMBUJPOTÇ°BTÇ°XFMMÇ°BTÇ° UIFÇ° Ç°DPNQPOFOUTÇ°PGÇ°UIFÇ°JOUFSOBMÇ°DPOUSPMÇ°UPÇ°CFÇ°BVEJUFEÇ°CZÇ°UIFÇ°0GÅ³DFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBM Ç°JODMVEJOHÇ° Ç°DPOUSPMMJOHÇ° FOWJSPONFOU Ç° Ç°SJTLÇ°BTTFTTNFOU Ç° Ç°DPOUSPMMJOHÇ°BDUJWJUJFT Ç° Ç°JOGPSNBUJPOÇ°UFDIOPMPHZÇ°BOEÇ°DPNNVOJDBUJPO Ç°BOEÇ° Ç°NPOJUPSJOHÇ° and assessment. For internal control assessment, AOT provides an introductory document that details the internal control reporting on operations. The internal control working groups, comprising senior executives and concerned staff members can use the document as a guide to assess and improve the internal control activities in the operating process. AOT has also put in place a Control Self Assessment (CSA) for implementation at the minor operating level and in report assessment results, which provides clear framework for each level responsibility. The assessment covers the FYJTUFODFÇ°BOEÇ°BQQSPQSJBUFOFTTÇ°PGÇ°UIFÇ° Ç°JOUFSOBMÇ°DPOUSPMÇ°DPNQPOFOUTÇ°BTÇ°XFMMÇ°BTÇ°UIFÇ°BCJMJUZÇ°GPSÇ°FBDIÇ°BDUJWJUZÇ°UPÇ°BDIJFWFÇ° internal control objectives. The assessment covers possible risks related to each activity that may occur and prevent a EFQBSUNFOUÇ°GSPNÇ°BDIJFWJOHÇ°JUTÇ°HPBM Ç°5IFÇ°BTTFTTNFOUÇ°BMMPXTÇ°"05Ç°UPÇ°Å³OEÇ°NFBTVSFÇ°BOEÇ°SFDPNNFOEBUJPOÇ°POÇ°QSFWFOUJOHÇ°PSÇ° reducing risk before preparing a summary at corporate level. Senior executives of AOT and Internal Control Assessment Working Group are appointed to be responsible for internal control assessment and report the result to the management GPSÇ°DPOTJEFSBUJPOÇ°BOEÇ°UPÇ°UIFÇ°JOUFSOBMÇ°BVEJUPSÇ°GPSÇ°SFWJFXÇ°UIFÇ°TVGÅ³DJFODZÇ°BOEÇ°BQQSPQSJBUFOFTTÇ°PGÇ°UIFÇ°JOUFSOBMÇ°DPOUSPMÇ° system. Assessment summary prepared by AOTâ&#x20AC;&#x2122;s executives and the Internal Control Assessment Working Group will be DPNQBSFE Ç°"05Ç°DBOÇ°UIFOÇ°QSFQBSFÇ°BÇ°SFQPSUÇ°DFSUJGZJOHÇ°UIBUÇ°"05Ä´TÇ°JOUFSOBMÇ°DPOUSPMÇ°FGÅ³DJFODZÇ°JTÇ°JOÇ°DPOUJOVFEÇ°DPNQMJBODFÇ° XJUIÇ° UIFÇ° SFHVMBUPSZÇ° SFRVJSFNFOUÇ° PGÇ° UIFÇ° 4UBUFÇ° "VEJUÇ° $PNNJTTJPOÇ° BOEÇ° JTÇ° FGÅ³DJFOUÇ° UPÇ° TVQQPSUÇ° "05Ä´TÇ° PQFSBUJPOTÇ° BOEÇ° FOBCMFÇ°UIFÇ°PSHBOJ[BUJPOÇ°UPÇ°BDIJFWFÇ°JUTÇ°HPBMÇ°JOÇ°PQFSBUJPOBMÇ°BOEÇ°SFTPVSDFTÇ°PQUJNJ[BUJPOÇ°BOEÇ°FGÅ³DJFODZ Ç°JODMVEJOHÇ°BTTFUTÇ° NBJOUFOBODF Ç°QSFWFOUJPOÇ°PGÇ°NJTUBLFT Ç°EBNBHFT Ç°MFBLBHF Ç°XBTUFÇ°BOEÇ°DPSSVQUJPO Ç°5IFÇ°BTTFTTNFOUÇ°BMTPÇ°DPWFSTÇ°UIFÇ°Å³OBODJBMÇ° statement reliability, operations, compliance with related laws, rules, regulations, Cabinet resolutions and policies and UIFÇ°FYFDVUJWFÄ´TÇ°SFHVMBUJPOT Ç°*OÇ°UIFÇ°Å³OBMÇ°TUFQ Ç°"05Ç°XJMMÇ°TVCNJUÇ°UIFÇ°SFQPSUÇ°UPÇ°UIFÇ°4UBUFÇ°"VEJUÇ°$PNNJTTJPOÇ°XJUIÇ°DPQJFTÇ°GPSÇ° information to the AOTâ&#x20AC;&#x2122;s Board of Directors and AOTâ&#x20AC;&#x2122;s Audit Committee for their acknowledgement.

AOTâ&#x20AC;&#x2122;s Board of Directors AOTâ&#x20AC;&#x2122;s Board of Directors as of 30 November 2014 comprised 15 members as follows:

1. Mr. Prasong Poontaneat (age 55 years) Chairman

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Date of Appointment 20 June 2014 Number of shares None Family Relationship with Executives of the Organization None Education/Training Ä»Ç° 1I % Ç°5IBLTJOÇ°6OJWFSTJUZ Ä»Ç° . # " Ç° .BOBHFNFOUÇ°BOEÇ°0SHBOJ[BUJPO Ç° Ç° %IVSBLJKÇ°1VOEJUÇ°6OJWFSTJUZ Ä»Ç° -- # Ç°4VLIPUIBJÇ°5IBNNBUIJSBUÇ°6OJWFSTJUZ Ä»Ç° # # " Ç° "DDPVOUJOH Ç°3BKBNBOHBMBÇ°6OJWFSTJUZÇ° of Technology Ä»Ç° 5PQÇ°&YFDVUJWFTÇ°1SPHSBNÇ°POÇ°$BQJUBMÇ°.BSLFUÇ° (Class 2) Thailand Energy Academy Ä»Ç° 5PQÇ°&YFDVUJWFTÇ°1SPHSBNÇ° $MBTTÇ° Ç°$BQJUBMÇ°.BSLFUÇ°Ç° Academy Ä»Ç° /BUJPOBMÇ°%FGFODFÇ°$PMMFHFÇ° $MBTTÇ°

Ä»Ç° 5PQÇ°&YFDVUJWFTÇ°1SPHSBNÇ° $MBTTÇ° Ç°*OUFSJPSÇ° College, Prince Damrongrajanubhap Institute of Research and Development Ä»Ç° "EWBODFEÇ°1PMJDFÇ°"ENJOJTUSBUJPOÇ° $MBTTÇ° Ç° Royal Thai Police

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AOTâ&#x20AC;&#x2122;s Board of Directors

2. Mr. Nantasak Poolsuk (age 63 years)

3. Squadron Leader Prajak Sajjasophon (age 60 years)

Independent Director, Chairman of Audit Committee, Chairman of Corporate Governance Committee

Date of AppointmentÇ°Ç° Ç°"QSJMÇ° Number of shares None Family Relationship with Executives of the Organization None Education/Training ÄťÇ° . " Ç° 1PMJUJDBMÇ°4DJFODF Ç°5IBNNBTBUÇ°6OJWFSTJUZÇ° ÄťÇ° #BSSJTUFS BU -BX Ç°*OTUJUVUJPOÇ°PGÇ°-FHBMÇ°&EVDBUJPO Ç°Ç° Thai Bar Association ÄťÇ° -- # Ç° )POT Ç°$IVMBMPOHLPSOÇ°6OJWFSTJUZ ÄťÇ° "ENJOJTUSBUJPOÇ°PGÇ°+VTUJDFÇ°GPSÇ°4FOJPSÇ°&YFDVUJWF Ç°Ç° College of Justice ÄťÇ° 5PQÇ°&YFDVUJWFTÇ°1SPHSBNÇ° $MBTTÇ° Ç°$BQJUBMÇ°.BSLFUÇ°Ç° Academy ÄťÇ° "EWBODFEÇ°1PMJUJDBMÇ°BOEÇ°&MFDUPSBMÇ°%FWFMPQNFOU Ç°Ç° Political and Electoral Development Institute ÄťÇ° "EWBODFEÇ°1PMJDFÇ°"ENJOJTUSBUJPO Ç°3PZBMÇ°5IBJÇ°1PMJDFÇ° Director Training Program held by Thai Institute of Directors (IOD) ÄťÇ° /POF Work Experience ÄťÇ° %JSFDUPSÇ°(FOFSBM Ç°%FQBSUNFOUÇ°PGÇ°4QFDJBMÇ°-JUJHBUJPO Ç°Ç° Ç° 0GĹłDFÇ°PGÇ°UIFÇ°"UUPSOFZÇ°(FOFSBM Acting Director General, Department of Ç° "ENJOJTUSBUJWFÇ°-JUJHBUJPO Ç°0GĹłDFÇ°PGÇ°UIFÇ°"UUPSOFZÇ°Ç° General ÄťÇ° %JSFDUPSÇ°(FOFSBM Ç°%FQBSUNFOUÇ°PGÇ°4QFDJBMÇ°-JUJHBUJPO Ç°Ç° Ç° 0GĹłDFÇ°PGÇ°UIFÇ°"UUPSOFZÇ°(FOFSBM ÄťÇ° %JSFDUPSÇ°(FOFSBM Ç°%FQBSUNFOUÇ°PGÇ°&DPOPNJDÇ°$SJNFÇ°Ç° Litigation ÄťÇ° %JSFDUPSÇ°(FOFSBM Ç°5SBJOJOHÇ°BOEÇ°%FWFMPQNFOUÇ° Institute ÄťÇ° %JSFDUPSÇ°(FOFSBM Ç°%FQBSUNFOUÇ°PGÇ°1FPQMFTÄ´Ç°3JHIUTÇ°Ç° Protection and Legal Aid Other Current Positions ÄťÇ° /POF

Independent Director, Member of Nomination Committee, Member of Corporate Governance Committee, Member of Risk Management Committee

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Date of Appointment 20 June 2014 Number of shares None Family Relationship with Executives of the Organization None Education/Training ÄťÇ° . " Ç° 1VCMJDÇ°"ENJOJTUSBUJPO Ç° Ç° 5IBNNBTBUÇ°6OJWFSTJUZÇ° ÄťÇ° # &OH Ç° &MFDUSJDBMÇ°&OHJOFFSJOH Ç°3PZBMÇ°5IBJÇ°"JSÇ°'PSDFÇ°Ç° Academy ÄťÇ° "SNFEÇ°'PSDFTÇ°"DBEFNJFTÇ°1SFQBSBUPSZÇ°4DIPPMÇ°Ç° Ç° 3PZBMÇ°5IBJÇ°"JSÇ°'PSDFÇ°4DIPMBSTIJQ Ç° Ç° ÄťÇ° 5PQÇ°&YFDVUJWFTÇ°1SPHSBNÇ° $MBTTÇ° Ç°$BQJUBMÇ°.BSLFUÇ°Ç° Academy ÄťÇ° /BUJPOBMÇ°4FDVSJUZÇ°.BOBHFNFOUÇ°GPSÇ°4FOJPSÇ° Ç° &YFDVUJWFTÇ° $MBTTÇ° Ç°/BUJPOBMÇ°%FGFODFÇ°$PMMFHFÇ°Ç° Association of Thailand ÄťÇ° "ENJOJTUSBUJPOÇ°PGÇ°+VTUJDFÇ°GPSÇ°4FOJPSÇ°&YFDVUJWFÇ°Ç° (Class 2), College of Justice ÄťÇ° 1PMJUJDTÇ°BOEÇ°(PWFSOBODFÇ°JOÇ°%FNPDSBUJDÇ°4ZTUFNTÇ°Ç° for Executives (Class 11), King Prajadhipokâ&#x20AC;&#x2122;s Institute Director Training Program held by Thai Institute of Directors (IOD) ÄťÇ° 'JOBODJBMÇ°4UBUFNFOUÇ°GPSÇ°%JSFDUPSTÇ° '4% Ç° ÄťÇ° $PNQBOZÇ°4FDSFUBSZÇ°1SPHSBNÇ° $41 Ç° Ç° Work Experience ÄťÇ° 1SFTJEFOU Ç°"FSPOBVUJDBMÇ°3BEJPÇ°PGÇ°5IBJMBOEÇ°$P Ç°-UE Ç° ÄťÇ° &YFDVUJWFÇ°7JDFÇ°1SFTJEFOU Ç°"FSPOBVUJDBMÇ°3BEJPÇ°PGÇ°Ç° Thailand Co., Ltd. ÄťÇ° &YFDVUJWFÇ°7JDFÇ°1SFTJEFOUÇ° "ENJOJTUSBUJPO Ç° Aeronautical Radio of Thailand Co., Ltd. Other Current Positions ÄťÇ° /POF

4. Mr. Nirandra Theeranartsin (age 63 years)

5. Air Marshal Prakit Skunasingha (age 60 years)

Director, Chairman of Nomination Committee, Member and Secretary of Corporate Governance Committee, Member and Secretary of Risk Management Committee, Acting President

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Date of Appointment 20 June 2014 Number of shares None Family Relationship with Executives of the Organization None Education/Training Ä»Ç° %JQMPNBÇ°JOÇ°.PEFSOÇ°.BOBHFNFOU Ç° Ç° 8IBSUPOÇ°6OJWFSTJUZÇ°PGÇ°1FOOTZMWBOJB Ç°6 4 " Ä»Ç° (SBEVBUFÇ°%JQMPNBÇ°JOÇ°)VNBOÇ°3FTPVSDFÇ° Management, Sasin Graduate Institute of Business Ç° "ENJOJTUSBUJPOÇ°PGÇ°$IVMBMPOHLPSOÇ°6OJWFSTJUZ Ä»Ç° # " Ç° 1PMJUJDBMÇ°4DJFODF Ç° (PMEÇ°.FEBM Ç° Ç° $IVMBMPOHLPSOÇ°6OJWFSTJUZ Director Training Program held by Thai Institute of Directors (IOD) Ä»Ç° /POF Work Experience Ä»Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ°1SFTJEFOU Ç° 3FHJPOBMÇ° Airports) Airports of Thailand Plc. Ä»Ç° (FOFSBMÇ°.BOBHFS Ç°4VWBSOBCIVNJÇ°"JSQPSU Other Current Positions Ä»Ç° /POF

Independent Director, Member of Audit Committee, Member of Corporate Governance Committee

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Date of Appointment 21 August 2014 Number of shares None Family Relationship with Executives of the Organization None Education/Training Ä»Ç° . 4D Ç°6OJWFSTJUÂ¦UÇ°EFSÇ°#VOEFTXFISÇ°.Â¾ODIFOÇ° Ä»Ç° 3PZBMÇ°5IBJÇ°"JSÇ°'PSDFÇ°"DBEFNZÇ° $MBTTÇ° Ç° Ä»Ç° "SNFEÇ°'PSDFTÇ°"DBEFNJFTÇ°1SFQBSBUPSZÇ°4DIPPMÇ°Ç° (Class 14) Ä»Ç° "JSÇ°8BSÇ°$PMMFHFÇ° $MBTTÇ° Ç°IFMEÇ°CZÇ°35"'Ç° Ä»Ç° 4RVBESPOÇ°0GÅ³DFSÇ°4DIPPMÇ° $MBTTÇ° Ç°IFMEÇ°CZÇ°35"'Ç° Director Training Program held by Thai Institute of Directors (IOD) Ä»Ç° /POF Work Experience Ä»Ç° %JSFDUPSÇ°PGÇ°$PNNVOJDBUJPOTÇ°BOEÇ°&MFDUSPOJDTÇ° Directorate of Communications and Electronics, RTAF Ä»Ç° %FQVUZÇ°%JSFDUPSÇ°PGÇ°$PNNVOJDBUJPOTÇ°BOEÇ° Electronics Directorate of Communications and Electronics, RTAF Ä»Ç° "TTJTUBOUÇ°$PNQUSPMMFSÇ°(FOFSBM Ç°0GÅ³DFÇ°PGÇ°UIFÇ°Ç° Comptroller General, RTAF Ä»Ç° %FQVUZÇ°%JSFDUPS Ç°0GÅ³DFÇ°PGÇ°UIFÇ°1VCMJDÇ°4FDUPSÇ° Development, RTAF Other Current Positions Ä»Ç° /POF

AOTâ&#x20AC;&#x2122;s Board of Directors

6. Mr. Rakop Srisupa-at (age 56 years) Director, Member of Nomination Committee, Member of Remuneration Committee

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Date of AppointmentÇ°Ç° Ç°"QSJMÇ° Number of shares None Family Relationship with Executives of the Organization None Education/Training ÄťÇ° -- . Ç°3BNLIBNIBFOHÇ°6OJWFSTJUZÇ° ÄťÇ° -- # Ç° 4FDPOEÇ°$MBTTÇ°)POPST Ç°3BNLIBNIBFOHÇ° Ç° 6OJWFSTJUZÇ° ÄťÇ° 4UBUF Ç°1SJWBUFÇ°4FDUPSÇ°BOEÇ°1PMJUJDBMÇ°4FDUPSTÇ°$PVSTFÇ°Ç° Ç° $MBTTÇ° Ç°# & Ç° Ç° Director Training Program held by Thai Institute of Directors (IOD) ÄťÇ° /POF Work Experience ÄťÇ° *OTQFDUPSÇ°(FOFSBM Ç°.JOJTUSZÇ°PGÇ°'JOBODF ÄťÇ° %JSFDUPSÇ°(FOFSBM Ç°$VTUPNTÇ°%FQBSUNFOU ÄťÇ° %FQVUZÇ°%JSFDUPSÇ°(FOFSBM Ç°$VTUPNTÇ°%FQBSUNFOU ÄťÇ° %JSFDUPS Ç°*OWFTUJHBUJPOÇ°BOEÇ°4VQQSFTTJPOÇ°#VSFBV Ç°Ç° Customs Department ÄťÇ° %JSFDUPS Ç°3FHJPOBMÇ°$VTUPNTÇ°#VSFBVÇ° Ç° Customs Department ÄťÇ° %JSFDUPS Ç°$VTUPNTÇ°4UBOEBSEÇ°1SPDFEVSFTÇ°BOEÇ° Valuation Bureau, Customs Department ÄťÇ° %JSFDUPS Ç°3FHJPOBMÇ°$VTUPNTÇ°#VSFBVÇ° Ç° Customs Department Other Current Positions ÄťÇ° /POF

7. Air Chief Marshal Johm Rungswang (age 56 years) Director

Date of Appointment 16 July 2014 Number of shares None Family Relationship with Executives of the Organization None Education/Training Ç° ÄťÇ° /BUJPOBMÇ°%FGFODFÇ°$PMMFHFÇ° $MBTTÇ° Ç° Ç° ÄťÇ° "JSÇ°8BSÇ°$PMMFHFÇ° +BQBO Ç° Ç° ÄťÇ° "JSÇ°'PSDFÇ°+PJOUÇ°4UBGGÇ°$PMMFHFÇ° +BQBO Ç° Ç° ÄťÇ° "JSÇ°'PSDFÇ°4UBGGÇ°$PMMFHF Ç°$IJFGÇ°PGÇ°4UBGGÇ°"GGBJSTÇ°Ç°Ç° Course Ç° ÄťÇ° 4RVBESPOÇ°0GĹłDFSÇ°4DIPPMÇ° Ç° ÄťÇ° +BQBOÇ°3PZBMÇ°.JMJUBSZÇ°"DBEFNZÇ° &MFDUSJDBMÇ° Engineering) Ç° ÄťÇ° "SNFEÇ°'PSDFTÇ°"DBEFNJFTÇ°1SFQBSBUPSZÇ°4DIPPM Director Training Program held by Thai Institute of Directors (IOD) Ç° ÄťÇ° /POF Work Experience Ç° ÄťÇ° $IJFGÇ°PGÇ°"JSÇ°4UBGG Ç°3PZBMÇ°5IBJÇ°"JSÇ°'PSDF Ç° ÄťÇ° %FQVUZÇ°$IJFGÇ°PGÇ°"JSÇ°4UBGGÇ° 0QFSBUJPOTÇ°BOEÇ° Intelligence), Royal Thai Air Force Ç° ÄťÇ° %FQVUZÇ°$IJFGÇ°PGÇ°"JSÇ°4UBGGÇ° 1FSTPOOFMÇ°BOEÇ°-PHJTUJDT Ç°Ç° Royal Thai Air Force Ç° ÄťÇ° "TTJTUBOUÇ°$IJFGÇ°PGÇ°"JSÇ°4UBGGÇ°GPSÇ°0QFSBUJPOT Ç° Royal Thai Air Force Ç° ÄťÇ° %JSFDUPSÇ°PGÇ°"JSÇ°0QFSBUJPOTÇ° Ç° ÄťÇ° $PNNBOEFSÇ°PGÇ°"JSÇ°'PSDFÇ°+PJOUÇ°4UBGGÇ°$PMMFHFÇ° Other Current Positions Ç° ÄťÇ° /POF

8. Lieutenant General Kampanat Ruddit (age 58 years)

9. Mr. Thawatchai Arunyik (age 59 years)* Independent Director

Independent Director, Chairman of Risk Management Committee

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Date of Appointment 21 August 2014 Number of shares None Family Relationship with Executives of the Organization None Education/Training ÄťÇ° . " Ç°$PNNBOEÇ°BOEÇ°(FOFSBMÇ°4UBGGÇ°$PMMFHFÇ° ÄťÇ° # 4D Ç° $JWJMÇ°&OHJOFFSJOH Ç°$IVMBDIPNLMBPÇ°3PZBMÇ°Ç° Military Academy ÄťÇ° /BUJPOBMÇ°%FGFODFÇ°$PMMFHFÇ° $MBTTÇ°

Director Training Program held by Thai Institute of Directors (IOD) ÄťÇ° /POF Work Experience ÄťÇ° %JSFDUPS Ç°&MFDUSJDJUZÇ°(FOFSBUJOHÇ°"VUIPSJUZÇ°PGÇ° Thailand Other Current Positions ÄťÇ° /POF

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Date of AppointmentÇ°Ç° Ç°0DUPCFSÇ° Number of shares None Family Relationship with Executives of the Organization None Education/Training ÄťÇ° # 4D Ç°6OJWFSTJUZÇ°PGÇ°UIFÇ°&BTU Ç°.BOJMB Ç°1IJMJQQJOFT ÄťÇ° 5PQÇ°&YFDVUJWFTÇ°1SPHSBNÇ° $MBTTÇ° Ç°$BQJUBMÇ°.BSLFUÇ°Ç° Academy ÄťÇ° 5"5Ç°4VDDFTTPSTÇ°%FWFMPQNFOUÇ°1SPHSBNÇ° */4&"% Ç°Ç° Singapore Director Training Program held by Thai Institute of Directors (IOD) ÄťÇ° /POF Work Experience ÄťÇ° (PWFSOPS Ç°5PVSJTNÇ°"VUIPSJUZÇ°PGÇ°5IBJMBOE ÄťÇ° %FQVUZÇ°(PWFSOPSÇ°GPSÇ°%PNFTUJDÇ°.BSLFUJOH Ç° Tourism Authority of Thailand ÄťÇ° &YFDVUJWFÇ°%JSFDUPSÇ°GPSÇ°*OUFSOBUJPOBMÇ°.BSLFUJOHÇ°Ç° (Europe, Africa and Middle East), Tourism Authority of Thailand Other Current Positions ÄťÇ° $IBJSNBO Ç°5IBJMBOEÇ°1SJWJMFHFÇ°$BSEÇ°$P Ç°-UE

* Appointed as a Director and Independent Director at the Ç° "05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSTÄ´Ç°.FFUJOHÇ°/P Ç° Ç°EBUFEÇ° Ç°+VOFÇ° 2014, on condition that an approval must be granted by the Board of Directors of the Tourism Authority of Thailand prior to the appointment. The TATâ&#x20AC;&#x2122;s Board of Directorsâ&#x20AC;&#x2122; resolution Ç° POÇ° Ç°0DUPCFSÇ° Ç°SFTPMWFEÇ°UPÇ°BQQSPWFÇ°IJTÇ°BQQPJOUNFOUÇ°BTÇ° an AOTâ&#x20AC;&#x2122;s director.

AOTâ&#x20AC;&#x2122;s Board of Directors

10. Miss Suttirat Rattanachot (age 55 years)

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11. Mr. Manit Nitiprateep (age 59 years)

Director, Member of Remuneration Committee

Director

Date of Appointment 27 January 2012 Number of shares None Family Relationship with Executives of the Organization None Education/Training ÄťÇ° . # " Ç° "DDPVOUJOH Ç°$IVMBMPOHLPSOÇ°6OJWFSTJUZÇ° ÄťÇ° -- # Ç°5IBNNBTBUÇ°6OJWFSTJUZÇ° ÄťÇ° # # " Ç° "DDPVOUJOH Ç°3BNLIBNIBFOHÇ°6OJWFSTJUZ Director Training Program held by Thai Institute of Directors (IOD) ÄťÇ° %JSFDUPSÇ°$FSUJĹłDBUJPOÇ°1SPHSBNÇ° %$1 Ç° Work Experience ÄťÇ° "EWJTPSÇ° 'JOBODJBMÇ°BOEÇ°'JTDBMÇ°4ZTUFNÇ° Development), the Comptroller Generalâ&#x20AC;&#x2122;s Department ÄťÇ° %FQVUZÇ°%JSFDUPSÇ°(FOFSBM Ç°UIFÇ°$PNQUSPMMFSÇ° Generalâ&#x20AC;&#x2122;s Department ÄťÇ° %JSFDUPS Ç°'JOBODFÇ°%FQBSUNFOU Ç°UIFÇ°$PNQUSPMMFSÇ°Ç° Generalâ&#x20AC;&#x2122;s Department ÄťÇ° "DDPVOUBOUÇ° Ç°*OUFSOBMÇ°"VEJUJOHÇ°4UBOEBSETÇ°(SPVQ Ç° the Comptroller General-s Department Other Current Positions ÄťÇ° $IBJSNBO Ç°UIFÇ°4ZOEJDBUFÇ°PGÇ°5IBJÇ°)PUFMTÇ°BOEÇ° Tourists Enterprises Limited ÄťÇ° .BOBHFNFOUÇ°$PNNJUUFF Ç°#BOHLPLÇ°.BTTÇ°5SBOTJUÇ°Ç° Authority (BMTA)

Date of AppointmentÇ°Ç° Ç°4FQUFNCFSÇ° Number of shares None Family Relationship with Executives of the Organization None Education/Training ÄťÇ° . " Ç° *OEVTUSJBMÇ°&DPOPNJDT &DPOPNJDÇ° Development), National Institute of Development Administration ÄťÇ° # Ç°&DPO Ç° &DPOPNJDÇ°5IFPSZ Ç°3BNLIBNIBFOHÇ° Ç° 6OJWFSTJUZÇ° ÄťÇ° $PSQPSBUFÇ°(PWFSOBODFÇ°GPSÇ°%JSFDUPSTÇ°BOEÇ°5PQÇ°Ç° Executives of State Enterprises and Public Organizations (Class 12), King Prajadhipokâ&#x20AC;&#x2122;s Institute ÄťÇ° 5PQÇ°&YFDVUJWFTÇ°1SPHSBNÇ° $MBTTÇ° Ç°$BQJUBMÇ°.BSLFUÇ°Ç° Academy ÄťÇ° 5PQÇ°&YFDVUJWFTÇ°1SPHSBNÇ°JOÇ°$PNNFSDFÇ°BOEÇ°5SBEFÇ°Ç° (TEPCoT) (Class 6), Commerce Academy, Ç° 6OJWFSTJUZÇ°PGÇ°UIFÇ°5IBJÇ°$IBNCFSÇ°PGÇ°$PNNFSDFÇ° Director Training Program held by Thai Institute of Directors (IOD) ÄťÇ° /POF Work Experience ÄťÇ° %FQVUZÇ°%JSFDUPSÇ°(FOFSBM Ç°3FWFOVFÇ°%FQBSUNFOU Ç°Ç° Ministry of Finance ÄťÇ° %JSFDUPSÇ°PGÇ°#VSFBVÇ°PGÇ°-BSHFÇ°#VTJOFTTÇ°5BYÇ° Administration Other Current Positions ÄťÇ° %JSFDUPS Ç°.BSLFUJOHÇ°0SHBOJ[BUJPOÇ°GPSÇ°'BSNFST ÄťÇ° %JSFDUPS Ç°/&1Ç°3FBMUZÇ°BOEÇ°*OEVTUSZÇ°1MD

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12. Mr. Thanin Pa-Em (age 58 years) Director

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Date of AppointmentÇ°Ç° Ç°4FQUFNCFSÇ° Number of shares None Family Relationship with Executives of the Organization None Education/Training ÄťÇ° . 4D Ç°*OÇ°&DPOPNJDTÇ° *OUFSOBUJPOBMÇ°5SBEFÇ°BOEÇ° Ç° 'JOBODF Ç°-BODBTUFSÇ°6OJWFSTJUZ ÄťÇ° %JQMPNBÇ°JOÇ°%FWFMPQNFOUÇ°4UVEJFT Ç° Ç° -BODBTUFSÇ°6OJWFSTJUZ Ç°6 , ÄťÇ° . " Ç° 1PMJUJDBMÇ°4DJFODF Ç°5IBNNBTBUÇ°6OJWFSTJUZÇ° ÄťÇ° # " Ç° 1PMJUJDBMÇ°4DJFODF Ç°$IVMBMPOHLPSOÇ°6OJWFSTJUZÇ° ÄťÇ° $PSQPSBUFÇ°(PWFSOBODFÇ°GPSÇ°%JSFDUPSTÇ°BOEÇ°5PQÇ°Ç° Executives of State Enterprises and Public Organizations (Class 6), King Prajadhipokâ&#x20AC;&#x2122;s Institute ÄťÇ° 5PQÇ°&YFDVUJWFTÇ°1SPHSBNÇ°JOÇ°$PNNFSDFÇ°BOEÇ°5SBEFÇ°Ç° (TEPCoT) (Class 7), Commerce Academy, Ç° 6OJWFSTJUZÇ°PGÇ°UIFÇ°5IBJÇ°$IBNCFSÇ°PGÇ°$PNNFSDF Director Training Program held by Thai Institute of Directors (IOD) ÄťÇ° /POF Work Experience ÄťÇ° %FQVUZÇ°4FDSFUBSZÇ°(FOFSBM Ç°0GĹłDFÇ°PGÇ°UIFÇ°/BUJPOBMÇ°Ç° Economic and Social Development Board ÄťÇ° "EWJTPSÇ° 1PMJDZÇ°BOEÇ°1MBOOJOH Ç°0GĹłDFÇ°PGÇ°UIFÇ° National Economic and Social Development Board Other Current Positions ÄťÇ° %JSFDUPS Ç°(PWFSONFOUÇ°)PVTJOHÇ°#BOL Ç°.JOJTUSZÇ°PGÇ°Ç° Finance ÄťÇ° %JSFDUPS Ç°.BSLFUJOHÇ°0SHBOJ[BUJPOÇ°GPSÇ°'BSNFST Ç° Ministry of Agriculture and Cooperatives

13. Mr. Wara Tongprasin (age 43 years) Independent Director, Chairman of Remuneration Committee, Member of Audit Committee, Member of Risk Management Committee

Date of Appointment 16 July 2014 Number of shares None Family Relationship with Executives of the Organization None Education/Training Ç° ÄťÇ° # # " Ç° "DDPVOUJOH Ç°3BNLIBNIBFOHÇ°6OJWFSTJUZ Ç° ÄťÇ° 5BYÇ°"VEJUPSÇ°BOEÇ°$FSUJĹłFEÇ°1VCMJDÇ°"DDPVOUBOUÇ° $1"

Ç° ÄťÇ° 5BYÇ°4ZTUFNÇ°BOEÇ°5BYÇ°"DDPVOUJOHÇ°1SPHSBNÇ°IFMEÇ°CZÇ°Ç° S.P.O.Organizer Co., Ltd. Ç° ÄťÇ° /FXÇ°5BYÇ°-BXTÇ°BOEÇ°"DDPVOUJOHÇ°1SPHSBNÇ°IFMEÇ°CZÇ°Ç° S.P.O.Organizer Co., Ltd. Director Training Program held by Thai Institute of Directors (IOD) Ç° ÄťÇ° %JSFDUPSÇ°"DDSFEJUBUJPOÇ°1SPHSBNÇ° %"1 Ç° Work Experience Ç° ÄťÇ° .BOBHJOHÇ°%JSFDUPS Ç°UIFÇ°"DDFTTÇ°"VEJUÇ°$P Ç°-UE Ç° (Accounting and Auditing Service) Ç° ÄťÇ° %JSFDUPS Ç°*OEFQFOEFOUÇ°%JSFDUPSÇ°BOEÇ°.FNCFSÇ°PGÇ°Ç° Audit Committee, Ekarat Engineering Plc. (Production and Distribution of Electric Transformers) Ç° ÄťÇ° %FQVUZÇ°.BOBHJOHÇ°%JSFDUPS Ç°"DDPVOUJOHÇ°BOEÇ° Finance Department, Log Plus Mining Services Co., Ltd. (Distribution of Coal) Ç° ÄťÇ° %JSFDUPS Ç°'JSTUÇ°"VEJUÇ°$P Ç°-UE Ç° "DDPVOUJOHÇ°BOEÇ°Ç° Auditing Service) Ç° ÄťÇ° %JSFDUPS Ç°8BSBÇ°)PMEJOHÇ°$P Ç°-UE Ç° *OWFTUNFOUÇ°JOÇ°Ç° other businesses) Other Current Positions Ç° ÄťÇ° %JSFDUPS Ç°&LBSBUÇ°&OHJOFFSJOHÇ°1MD Ç° ÄťÇ° %JSFDUPS Ç°UIFÇ°"DDFTTÇ°"VEJUÇ°$P Ç°-UEÇ° Ç° ÄťÇ° %JSFDUPS Ç°'JSTUÇ°"VEJUÇ°$P Ç°-UE Ç° ÄťÇ° %JSFDUPS Ç°8BSBÇ°)PMEJOHÇ°$P Ç°-UE

AOTâ&#x20AC;&#x2122;s Executives 1. Miss Sasisubha Sukontasap (age 55 years) Number of SharesÇ° Ç° Ç°TIBSFT Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° .11. Ç°/BUJPOBMÇ°*OTUJUVUFÇ°PGÇ°%FWFMPQNFOUÇ° Administration (NIDA) Ç° ÄťÇ° # # " Ç° 4FDSFUBSZ Ç°6OJWFSTJUZÇ°PGÇ°UIFÇ°5IBJÇ°$IBNCFSÇ°Ç° of Commerce Training Ç° ÄťÇ° 5IFÇ°/BUJPOBMÇ°%FGFODFÇ°$PMMFHFÇ° $MBTTÇ°

Ç° ÄťÇ° /*%"Ç°8IBSUPOÇ°&YFDVUJWFÇ°-FEFSTIJQÇ°1SPHSBN Ç° ÄťÇ° %JSFDUPSÇ°"DDSFEJUBUJPOÇ°1SPHSBNÇ° %"1 Ç° Ç° Ç°Ç° Thai Institute of Directors (IOD) Ç° ÄťÇ° %JSFDUPSÇ°$FSUJĹłDBUJPOÇ°1SPHSBNÇ° %$1 Ç° Ç° Ç°Ç° Thai Institute of Directors (IOD) Ç° ÄťÇ° &OUFSQSJTFÇ°3JTLÇ°.BOBHFNFOUÇ°1SPDFTTÇ°1SPHSBN Ç° ÄťÇ° "05Ä´TÇ°-FBEFSTIJQÇ°%FWFMPQNFOUÇ°1SPHSBN Ç° ÄťÇ° #VTJOFTTÇ°.BOBHFNFOUÇ°%FWFMPQNFOUÇ°BOEÇ°#VTJOFTTÇ°Ç° Law Work Experience Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ° Present President (Strategy) Ç° ÄťÇ° Ç°/PWFNCFSÇ° Ç° Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDF Ç° Ç° Ç°4FQUFNCFSÇ° Ç° 1SFTJEFOUÇ° "ENJOJTUSBUJPO

Ç° ÄťÇ° Ç°.BZÇ° Ç°Ç° Ç° "05Ä´TÇ°4FOJPSÇ°"EWJTPSÇ° Ç° Ç° Ç°/PWFNCFSÇ° Ç°

2. Miss Shanalai Chayakul (age 55 years) Number of SharesÇ° Ç° Ç°TIBSFT Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° -- # Ç°JOÇ°-BXÇ° 4FDPOEÇ°$MBTTÇ°)POPST Ç° Ç° Ç° 3BNLIBNIBFOHÇ°6OJWFSTJUZ Ç° ÄťÇ° #BSSJTUFS BU MBX Ç°*OTUJUVUFÇ°PGÇ°-FHBMÇ°&EVDBUJPO Ç° Thai Bar Association Training Ç° ÄťÇ° $PNQBOZÇ°4FDSFUBSZÇ°1SPHSBNÇ° $41Ç° Ç° Ç° Thai Institute of Directors (IOD) Ç° ÄťÇ° #PBSEÇ°3FQPSUJOHÇ°1SPHSBNÇ° #31 Ç° Ç° Ç° Thai Institute of Directors (IOD) Ç° ÄťÇ° &GGFDUJWFÇ°.JOVUFÇ°5BLJOHÇ° &.5 Ç° Ç° Ç° Thai Institute of Directors (IOD) Ç° ÄťÇ° $PNQBOZÇ°3FQPSUJOHÇ°1SPHSBNÇ° $31 Ç° Ç° Ç° Thai Institute of Directors (IOD) Ç° ÄťÇ° %JSFDUPSÇ°"DDSFEJUBUJPOÇ°1SPHSBNÇ° %"1 Ç° Ç° Ç°Ç° Thai Institute of Directors (IOD) Ç° ÄťÇ° %JSFDUPSÇ°$FSUJĹłDBUJPOÇ°1SPHSBNÇ° %$1 Ç° Ç° Ç°Ç° Thai Institute of Directors (IOD) Work Experience Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ° Present President (Legal and Company Secretary) Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç° "05Ä´TÇ°$PNQBOZÇ°4FDSFUBSZÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° "05Ä´TÇ°$PNQBOZÇ°4FDSFUBSZÇ° Ç° Ç° Ç°4FQUFNCFSÇ°

3. Mrs. Poolsiri Virojanapa (age 56 years) Number of Shares 10 shares Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° . # " Ç°,BTFUTBSUÇ°6OJWFSTJUZ Ç° ÄťÇ° # # " Ç° "DDPVOUJOH Ç°5IBNNBTBUÇ°6OJWFSTJUZ Training Ç° ÄťÇ° $IJFGÇ°'JOBODJBMÇ°0GĹłDFSÇ°GPSÇ°4UBUFÇ°&OUFSQSJTFÇ°$PVSTFÇ°Ç° Class 1 Ç° ÄťÇ° "EWBODFEÇ°1VCMJDÇ°&DPOPNJDTÇ°$MBTTÇ° Ç° King Prajadhipokâ&#x20AC;&#x2122;s Institute Ç° ÄťÇ° %JSFDUPSÇ°"DDSFEJUBUJPOÇ°1SPHSBNÇ° %"1 Ç° Ç° Ç°Ç° Thail Institute of Directors (IOD) Ç° ÄťÇ° "EWBODFÇ°%FSJWBUJWFÇ°BOEÇ°'JOBODJBMÇ°3JTLÇ° Ç° Ç° .BOBHFNFOU Ç°$FOUSBMÇ°#BOLÇ°PGÇ°6, Ç° ÄťÇ° %FSJWBUJWFÇ°BOEÇ°4XBQÇ°.BOBHFNFOU Ç°)POHÇ°,POH Work Experience Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç°Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ° Present President (Accounting and Finance) Ç° ÄťÇ° Ç°/PWFNCFSÇ° Ç° Ç° "05Ä´TÇ°4QFDJBMJTUÇ° Ç° Ç° Ç°/PWFNCFSÇ° Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç° &YFDVUJWFÇ°7JDFÇ°1SFTJEFOUÇ° Ç° Ç° Ç°/PWFNCFSÇ° Ç°Ç° 1MBOOJOHÇ°BOEÇ°'JOBODF

4. Mr. Montri Mongkoldaow (age 52 years) Number of SharesÇ° Ç° Ç°TIBSFT Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° ." Ç° 1PMJUJDBMÇ°4DJFODF Ç°5IBNNBTBUÇ°6OJWFSTJUZ Ç° ÄťÇ° #" Ç° 1PMJUJDBMÇ°4DJFODF Ç°5IBNNBTBUÇ°6OJWFSTJUZ Ç° ÄťÇ° $FSUJĹłDBUFÇ° )VNBOÇ°3FTPVSDFÇ°.BOBHFNFOU Ç° SASIN Graduate Institute of Chulalongkorn Ç° Ç° 6OJWFSTJUZ Training Ç° ÄťÇ° "JSQPSUÇ°#VTJOFTTÇ°0WFSWJFXÇ°GPSÇ°"JSQPSUÇ°.BOBHFS Ç° ÄťÇ° "ENJOJTUSBUJPOÇ°PGÇ°+VTUJDFÇ°GPSÇ°4FOJPSÇ°&YFDVUJWF Ç°Ç° Administrative Court Ç° ÄťÇ° "ENJOJTUSBUJPOÇ°PGÇ°+VTUJDF Ç°0GĹłDFÇ°PGÇ°+VTUJDFÇ°"GGBJST Ç° ÄťÇ° %JSFDUPSÇ°"DDSFEJUBUJPOÇ°1SPHSBNÇ° %"1 Ç° Ç° Ç°Ç° Thai Institute of Directors (IOD) Work Experience Ç° ÄťÇ° Ç°+VMZÇ° Ç° Ç°1SFTFOUÇ° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ° President (Human Resources and Administration) Ç° ÄťÇ° Ç°"QSJMÇ° Ç°Ç° Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ° Ç° Ç° Ç°+VOFÇ° Ç°Ç° 1SFTJEFOUÇ° )VNBOÇ°3FTPVSDFTÇ°Ç° and Administration), Acting Senior Executive Vice President (Regional Airports) Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ° Ç° Ç° Ç°.BSDIÇ° Ç°Ç° 1SFTJEFOUÇ° )VNBOÇ°3FTPVSDFTÇ° and Administration)

AOTâ&#x20AC;&#x2122;s Executives 5. Miss Vilaiwan Nadvilai (age 60 years) Number of SharesÇ° Ç° Ç°TIBSFT Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° . Ç°" Ç° &DPOPNJDT Ç°6OJWFSTJUZÇ°PGÇ°/FXÇ°&OHMBOE Ç°Ç° Australia Ç° ÄťÇ° # " Ç° &DPOPNJDT Ç°3BNLIBNIBFOHÇ°6OJWFSTJUZ Training Ç° ÄťÇ° &YFDVUJWFÇ°4USBUFHZÇ°BOEÇ°5FDIOJRVFÇ°GPSÇ°1SPCMFNÇ°Ç° Resolution Program Ç° ÄťÇ° *OUFSOBUJPOBMÇ°.POFUBSZ Ç°%FSJWBUJWFTÇ°BOEÇ°&RVJUZÇ°Ç° Instruments Program Ç° ÄťÇ° "DDPVOUJOHÇ°4UBOEBSETÇ°BOEÇ°"DDPVOUJOHÇ°1SBDUJDFTÇ°Ç° Program Ç° ÄťÇ° *EFOUJĹłDBUJPO Ç°"OBMZTJT Ç°1SPKFDUÇ°"TTFTTNFOUÇ°BOEÇ°Ç° Financial Source for Mega Investment Projects Program Ç° ÄťÇ° "JSQPSUÇ°.BOBHFNFOUÇ°8PSLTIPQ Ç° ÄťÇ° $'0Ç°$FSUJĹłDBUFÇ°1SPHSBNÇ° $MBTTÇ° Ç°'FEFSBUJPOÇ°PGÇ°Ç° Accounting Professions Work Experience Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°Ç° 1SFTJEFOUÇ° #VTJOFTTÇ° Development and Marketing) Ç° ÄťÇ° Ç°"QSJMÇ° Ç°Ç° Ç° "05Ä´TÇ°4FOJPSÇ°"EWJTPSÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç° ÄťÇ° Ç°/PWFNCFSÇ° Ç° Ç°Ç° "05Ä´TÇ°4QFDJBMJTUÇ° Ç°BOEÇ° Ç° Ç° Ç°"QSJMÇ° Ç°Ç° "DUJOHÇ°(FOFSBMÇ°.BOBHFSÇ°PGÇ°Ç° Suvarnabhumi Airport

6. Mr. Chaowalit Paka-Ariya (age 60 years) Number of Shares 200 shares Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° # &OH Ç° &MFDUSJDBMÇ°&OHJOFFSJOH Ç°,JOHÇ°.POHLVUÄ´TÇ°Ç° Institute of Technology Lad Krabang Training Ç° ÄťÇ° 4FOJPSÇ°&YFDVUJWFÇ°1SPHSBN Ç° ÄťÇ° -PHJTUJDTÇ°%FWFMPQNFOUÇ°JOÇ°UIFÇ°DPBTUBMÇ°BSFBTÇ°PGÇ°Ç° Andaman Sea Program Ç° ÄťÇ° *OTUBMMBUJPOÇ°PGÇ°5FMFDPNNVOJDBUJPOÇ°BOEÇ°*5Ç°4FDVSJUZÇ°Ç° Systems Program Ç° ÄťÇ° 5IFÇ°3PMFÇ°PGÇ°&YFDVUJWFTÇ°JOÇ°#VTJOFTTÇ°$POUJOVJUZÇ°Ç° Management System Program Ç° ÄťÇ° "05Ä´TÇ°"JSQPSUÇ°.BOBHFSÇ°1SPHSBN Work Experience Ç° ÄťÇ° Ç°"QSJMÇ° Ç°Ç° Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°Ç° 1SFTJEFOUÇ° &OHJOFFSJOHÇ°BOEÇ°Ç° Construction) Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ° Ç° Ç° Ç°.BSDIÇ° Ç°Ç° 1SFTJEFOUÇ° 3FHJPOBMÇ°"JSQPSUT

Ç° ÄťÇ° Ç°.BSDIÇ° Ç°Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°Ç° 1SFTJEFOUÇ° &OHJOFFSJOHÇ°BOEÇ°Ç° Construction)

7. Flying Officer Passakorn Surapipith (age 60 years) Number of Shares None Family Relationship with Executives of the Organization None Education Ç° Ä»Ç° . " Ç° 1PMJUJDBMÇ°4DJFODF Ç°5IBNNBTBUÇ°6OJWFSTJUZ Ç° Ä»Ç° # 4D Ç°3PZBMÇ°5IBJÇ°"JSÇ°'PSDFÇ°"DBEFNZ Training Ç° Ä»Ç° 3PZBMÇ°5IBJÇ°"SNZÇ°8BSÇ°$PMMFHFÇ° $MBTTÇ°

Ç° Ä»Ç° $JWJMÇ°"WJBUJPOÇ°4FDVSJUZÇ°CZÇ°'""Ç° $PVSTFÇ° Ç° Ç° Ç° 0LMBIPNB Ç°6 4 " Ç° Ä»Ç° "WJBUJPOÇ°4FDVSJUZÇ° Ç°"JSQPSUÇ°&NFSHFODZÇ°CZÇ°*$"0 Ç° Ä»Ç° "JSQPSUÇ°.BOBHFNFOUÇ°0QFSBUJPO Ç°4JOHBQPSF Ç° Ä»Ç° %JSFDUPSÇ°$FSUJÅ³DBUJPOÇ°1SPHSBNÇ° %$1 Ç° Ç° Ç° Ç° Ç°5IBJÇ°*OTUJUVUFÇ°PGÇ°%JSFDUPSTÇ° *0% Ç° Work Experience Ç° Ä»Ç° Ç°0DUPCFSÇ° Ç° Ç°Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°Ç° 1SFTJEFOUÇ° "JSQPSUÇ°BOEÇ° Aviation Standard) Ç° Ä»Ç° Ç°/PWFNCFSÇ° Ç° Ç° "05Ä´TÇ°4FOJPSÇ°"EWJTPSÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç° Ä»Ç° Ç°0DUPCFSÇ° Ç° Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ° Ç° Ç° Ç°/PWFNCFSÇ° Ç°Ç° 1SFTJEFOUÇ° "ENJOJTUSBUJPO

8. Mrs. Rawewan Netrakavesna (age 60 years) Number of Shares 2,000 shares Family Relationship with Executives of the Organization None Education Ç° Ä»Ç° # " Ç° &OHMJTI Ç°$IJBOHÇ°.BJÇ°6OJWFSTJUZ Training Ç° Ä»Ç° 4FOJPSÇ°&YFDVUJWFÇ°1SPHSBN Ç° Ä»Ç° #VTJOFTTÇ°.BOBHFNFOUÇ°%FWFMPQNFOUÇ°BOEÇ°#VTJOFTTÇ°Ç° Law Program Ç° Ä»Ç° 5IFÇ°3PMFÇ°PGÇ°&YFDVUJWFTÇ°JOÇ°"DIJFWFNFOUÇ° Management Program Ç° Ä»Ç° "05Ä´TÇ°1VCMJDÇ°"JSQPSUÇ°.BOBHFSÇ°1SPHSBN Ç° Ä»Ç° (PPEÇ°(PWFSOBODFÇ°BOEÇ°&UIJDTÇ°#BTFEÇ°.BOBHFNFOUÇ°Ç° for Corporate Sustainable Growth Program Work Experience Ç° Ä»Ç° Ç°"QSJMÇ° Ç° Ç° (FOFSBMÇ°.BOBHFSÇ°PGÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°Ç° 4VWBSOBCIVNJÇ°"JSQPSU Ç° Ä»Ç° Ç°0DUPCFSÇ° Ç° Ç°Ç° (FOFSBMÇ°.BOBHFSÇ°PGÇ° Ç° Ç° Ç°"QSJMÇ° Ç°Ç° $IJBOHÇ°.BJÇ°*OUFSOBUJPOBMÇ°Ç° Airport Ç° Ä»Ç° Ç°/PWFNCFSÇ° Ç° Ç° %FQVUZÇ°(FOFSBMÇ°.BOBHFSÇ°PGÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°Ç° $IJBOHÇ°.BJÇ°*OUFSOBUJPOBMÇ°Ç° Airport (Administration)

AOTâ&#x20AC;&#x2122;s Executives 9. Flying Officer Chaturongkapon Sodmanee (Age 59 years) Number of SharesÇ° Ç° Ç°TIBSFT Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° . " Ç° 1VCMJDÇ°"GGBJST Ç°5IBNNBTBUÇ°6OJWFSTJUZ Ç° ÄťÇ° # 4D Ç° &MFDUSJDBMÇ°&OHJOFFSJOH Ç°3PZBMÇ°5IBJÇ°"JSÇ°'PSDFÇ°Ç° Academy Training Ç° ÄťÇ° 0GGTIPSFÇ°5SBJOJOHÇ°"UIFOTÇ°*OUFSOBUJPOBMÇ°"JSQPSUTÇ°Ç° (ASIS Consortium) Ç° ÄťÇ° #VTJOFTTÇ°"ENJOJTUSBUJPOÇ°BOEÇ°-FHBMÇ°,OPXMFEHFÇ°Ç° Course Ç° ÄťÇ° 5SBJOJOHÇ°$PVSTFÇ°GPSÇ°0DDVQBUJPOBMÇ°)FBMUIÇ°BOEÇ° Environment Committee Ç° ÄťÇ° th National Civil Engineering Course Ç° ÄťÇ° %JSFDUPSÇ°"DDSFEJUBUJPOÇ°1SPHSBNÇ° %"1 Ç° Ç° Ç°Ç° Thai Institute of Directors (IOD) Work Experience Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° (FOFSBMÇ°.BOBHFSÇ°PGÇ° Present Don Mueang International Airport Ç° ÄťÇ° Ç°"QSJMÇ° Ç° Ç° (FOFSBMÇ°.BOBHFSÇ°PGÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°Ç° %POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ°Ç° Airport Ç° ÄťÇ° Ç°/PWFNCFSÇ° Ç° Ç°Ç° "05Ä´TÇ°"EWJTPSÇ° Ç° Ç° Ç°"QSJMÇ°

10. Mr. Prathuang Sornkhom (age 60 years) Number of SharesÇ° Ç° Ç°TIBSFT Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° # " Ç°JOÇ°&DPOPNJDT Ç°$IJBOHÇ°.BJÇ°6OJWFSTJUZ Ç° ÄťÇ° # " Ç°JOÇ°.BOBHFNFOU Ç°$IJBOHÇ°.BJÇ°5FBDIFSTÄ´Ç°$PMMFHF Training Ç° ÄťÇ° #VTJOFTTÇ°1MBOÇ°GPSÇ°3FHJPOBMÇ°"JSQPSU Ç° ÄťÇ° -FBEFSTIJQÇ°%FWFMPQNFOUÇ°BDDPSEJOHÇ°UPÇ°4VGĹłDJFODZÇ°Ç° Economy Theory Ç° ÄťÇ° #VTJOFTTÇ°"ENJOJTUSBUJPOÇ°BOEÇ°-BXT Ç° ÄťÇ° /FHPUJBUJPOÇ°GPSÇ°$POĹ´JDUÇ°.BOBHFNFOU Ç° ÄťÇ° 1VCMJDÇ°"JSQPSUÇ°.BOBHFS Work Experience Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç° (FOFSBMÇ°.BOBHFSÇ°PGÇ°1IVLFU Ç° Ç° Ç°4FQUFNCFSÇ° Ç° *OUFSOBUJPOBMÇ°"JSQPSU Ç° ÄťÇ° Ç°+BOVBSZÇ° Ç°Ç° "05Ä´TÇ°4QFDJBMJTUÇ° Ç° Ç° Ç°0DUPCFSÇ° Ç° ÄťÇ° Ç°.BZÇ° Ç° Ç°Ç° (FOFSBMÇ°.BOBHFSÇ°PGÇ°1IVLFU Ç° Ç° Ç°+BOVBSZÇ° Ç°Ç° *OUFSOBUJPOBMÇ°"JSQPSU

11. Mr. Somchai Sawasdeepon (age 56 years) Number of SharesÇ° Ç° Ç°TIBSFT Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° . # " Ç°/BUJPOBMÇ°*OTUJUVUFÇ°PGÇ°%FWFMPQNFOUÇ° Administration Ç° ÄťÇ° # 4D Ç°JOÇ°&OHJOFFSJOH Ç°,JOHÇ°.POHLVUÇ°*OTUJUVUFÇ°PGÇ°Ç° Technology, Lat Krabang Training Ç° ÄťÇ° /BUJPOBMÇ°%FGFODFÇ°$PMMFHFÇ° $MBTTÇ° Ç° Ç° ÄťÇ° %JSFDUPSÇ°"DDSFEJUBUJPOÇ°1SPHSBNÇ° %"1 Ç° Ç° Ç°Ç° Thai Institute of Directors Ç° ÄťÇ° %JSFDUPSÇ°$FSUJĹłDBUJPOÇ°1SPHSBNÇ° %$1 Ç° Ç° Ç°Ç° Thai Institute of Directors Work Experience Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° "05Ä´TÇ°"EWJTPSÇ° Present Ç° ÄťÇ° Ç°.BSDIÇ° Ç°Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°Ç° 1SFTJEFOUÇ° 3FHJPOBMÇ°"JSQPSUT

Ç° ÄťÇ° Ç°/PWFNCFSÇ° Ç° Ç° 4FOJPSÇ°&YFDVUJWFÇ°7JDFÇ° Ç° Ç° Ç°.BSDIÇ° Ç°Ç° 1SFTJEFOUÇ° &OHJOFFSJOHÇ°BOEÇ°Ç° Construction), Acting President

12. Wing Commander Wicha Noenlop (age 59 years) Number of SharesÇ° Ç° Ç°TIBSFT Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° . 4D Ç° $MJNBUPMPHZ Ç°#JSNJOHIBN Ç° ÄťÇ° . 4D Ç° &DPOPNJDT Ç°,BTFUTBSUÇ°6OJWFSTJUZ Training Ç° ÄťÇ° #VTJOFTTÇ°"ENJOJTUSBUJPOÇ°BOEÇ°#VTJOFTTÇ°-BX Ç° ÄťÇ° /FHPUJBUJPOÇ°GPSÇ°$POĹ´JDUÇ°.BOBHFNFOUÇ°GPSÇ°4FOJPSÇ°Ç° Ç° Ç° &YFDVUJWFTÇ°-FWFMÇ° Ç°BOEÇ° Ç° ÄťÇ° "74&$Ç°.BOBHFNFOUÇ°1FSTPOOFMÇ°$PVSTF Ç° ÄťÇ° "JSQPSUÇ°4BGFUZ Work Experience Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° "05Ä´TÇ°"EWJTPSÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç° ÄťÇ° Ç°.BZÇ° Ç° Ç°Ç° "05Ä´TÇ°4QFDJBMJTUÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç° ÄťÇ° Ç°'FCSVBSZÇ° Ç° Ç°Ç° (FOFSBMÇ°.BOBHFSÇ°PGÇ°1IVLFUÇ° Ç° Ç° Ç°"QSJMÇ° Ç°Ç° *OUFSOBUJPOBMÇ°"JSQPSU

AOTâ&#x20AC;&#x2122;s Executives 13. Mr. Sirote Duangratana (47 years) Number of Shares None Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° .#"Ç° 'JOBODF Ç°4BTJOÇ°(SBEVBUFÇ°*OTUJUVUFÇ°PGÇ° Business Administration of Chulalongkorn Ç° Ç° 6OJWFSTJUZ Ç° ÄťÇ° . 4D Ç° 4USVDUVSBMÇ°&OHJOFFSJOH Ç°6OJWFSTJUZÇ°PGÇ°5FYBTÇ°Ç° at Arlington Ç° ÄťÇ° # 4D Ç° $JWJMÇ°&OHJOFFSJOH Ç°$IVMBMPOHLPSOÇ°6OJWFSTJUZ Training Ç° ÄťÇ° 3PMFÇ°PGÇ°.BOBHFSÇ°BOEÇ°3FTVMU #BTFEÇ°.BOBHFNFOU Ç° ÄťÇ° 3PMFÇ°PGÇ°.BOBHFSÇ°JOÇ°#VTJOFTTÇ°$POUJOVJUZÇ° Management Ç° ÄťÇ° /FXÇ°1PMJUJDBMÇ°-FBEFSTIJQÇ° $MBTTÇ°

Work Experience Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° "05Ä´TÇ°4QFDJBMJTUÇ° Present Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° &YFDVUJWFÇ°7JDFÇ°1SFTJEFOUÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°Ç° #VTJOFTTÇ°%FWFMPQNFOUÇ°BOEÇ°Ç° Marketing) Ç° ÄťÇ° Ç°/PWFNCFSÇ° Ç° Ç°Ç° 7JDFÇ°1SFTJEFOU Ç°#VTJOFTTÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°Ç° %FWFMPQNFOUÇ°BOEÇ° Marketing Department

14. Mrs. Suwanna Natpracha (age 55 years) Number of SharesÇ° Ç° Ç°TIBSFT Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° . # " Ç° "DDPVOUJOH Ç°5IBNNBTBUÇ°6OJWFSTJUZ Ç° ÄťÇ° # # " Ç° "DDPVOUJOH Ç°5IBNNBTBUÇ°6OJWFSTJUZ Training Ç° ÄťÇ° "DDPVOUJOHÇ°4UBOEBSEÇ°POÇ°'JOBODJBMÇ°*OTUSVNFOU Ç°Ç° Ç° Ç° *"4 Ç°'FEFSBUJPOÇ°PGÇ°"DDPVOUJOHÇ°1SPGFTTJPOTÇ° Ç° ÄťÇ° "VEJUPSÇ°$PVSTF Ç°'FEFSBUJPOÇ°PGÇ°"DDPVOUJOHÇ° Professions Ç° ÄťÇ° $IJFGÇ°'JOBODJBMÇ°0GĹłDFSÇ°$FSUJĹłDBUJPOÇ°1SPHSBNÇ° (Class 1) Federation of Accounting Professions Ç° ÄťÇ° "JSQPSUÇ°#VTJOFTTÇ°0WFSWJFXÇ°GPSÇ°"JSQPSUÇ°&YFDVUJWFTÇ°Ç° Program in 2010 Work Experience Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° %FQVUZÇ°(FOFSBMÇ°.BOBHFSÇ°PGÇ° Present Suvarnabhumi Airport (Business Support) Ç° ÄťÇ° Ç°.BZÇ° Ç° Ç°Ç° %FQVUZÇ°(FOFSBMÇ°.BOBHFSÇ°PGÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°Ç° 4VWBSOBCIVNJÇ°"JSQPSUÇ° (Administration) Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° 7JDFÇ°1SFTJEFOU Ç°#VEHFUJOH 17 May 2012 Department

15. Mr. Somboon Noinamkham (age 52 years) Number of Shares 6,014 shares Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° . # " Ç° #VTJOFTTÇ°"ENJOJTUSBUJPO Ç° Ç° Ç° ,BTFUTBSUÇ°6OJWFSTJUZ Ç° ÄťÇ° # # " Ç° "DDPVOUJOH Ç°3BKBNBOHBMBÇ°6OJWFSTJUZÇ°PGÇ°Ç° Technology Training Ç° ÄťÇ° 5IFÇ°"EPQUJPOÇ°PGÇ°*OUFSOBUJPOBMÇ°'JOBODJBMÇ°3FQPSUJOHÇ°Ç° Standards (IFRS) for AOTâ&#x20AC;&#x2122;s Financial Report Ç° ÄťÇ° (PPEÇ°$PSQPSBUFÇ°(PWFSOBODFÇ°BOEÇ°&UIJDT #BTFEÇ°Ç° Management for Sustainable Growth Program Ç° ÄťÇ° #VTJOFTTÇ°*NQBDUÇ°"OBMZTJTÇ°GPSÇ°4VWBSOBCIVNJÇ°"JSQPSUÇ°Ç° Business Sector Program Ç° ÄťÇ° "DDPVOUJOHÇ°"DUÇ°1SPHSBN Work Experience Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° &YFDVUJWFÇ°7JDFÇ°1SFTJEFOU Present (Accounting and Finance) Ç° ÄťÇ° Ç°/PWFNCFSÇ° Ç° Ç°Ç° 7JDFÇ°1SFTJEFOU Ç°"DDPVOUJOH Ç° Ç° Ç°0DUPCFSÇ° Ç°Ç° %FQBSUNFOU Ç° ÄťÇ° Ç°.BZÇ° Ç°Ç° Ç° 7JDFÇ°1SFTJEFOU Ç°#VEHFUJOH Ç° Ç° Ç°/PWFNCFSÇ° Ç°Ç° %FQBSUNFOU

16. Mrs. Rapeeporn Kongprasert (age 56 years) Number of SharesÇ° Ç° Ç°TIBSFT Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° . # " Ç° "DDPVOUJOH Ç°5IBJÇ°$IBNCFSÇ°PGÇ°$PNNFSDFÇ°Ç° Ç° Ç° 6OJWFSTJUZ Ç° ÄťÇ° # # " Ç° "VEJUJOH Ç°5IBJÇ°$IBNCFSÇ°PGÇ°$PNNFSDFÇ° Ç° Ç° 6OJWFSTJUZ Training Ç° ÄťÇ° "DDPVOUJOHÇ°4UBOEBSEÇ°POÇ°'JOBODJBMÇ°*OTUSVNFOU Ç°Ç° Ç° Ç° *"4 Ç°'FEFSBUJPOÇ°PGÇ°"DDPVOUJOHÇ°1SPGFTTJPOTÇ° Ç° ÄťÇ° *OEJWJEVBMÇ°#FIBWJPSJBMÇ°$PNQFUFODZÇ°%FWFMPQNFOUÇ°Ç° for AOTâ&#x20AC;&#x2122;s executives Ç° ÄťÇ° 1SPGFTTJPOBMÇ°"DDPVOUBOU Ç° ÄťÇ° "JSQPSUÇ°.BOBHFNFOUÇ°1SPHSBN Ç°,BTFUÇ°.JOJÇ°.#" Ç°Ç° Ç° Ç° ,BTFUTBSUÇ°6OJWFSTJUZ Ç° ÄťÇ° (PPEÇ°(PWFSOBODFÇ°BOEÇ°&UIJDT CBTFEÇ°.BOBHFNFOUÇ°Ç° for Sustainable Growth Work Experience Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° 7JDFÇ°1SFTJEFOU Ç°'JOBODF Present Department Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° %FQVUZÇ°7JDFÇ°1SFTJEFOU Ç° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°Ç° 'JOBODFÇ°%FQBSUNFOUÇ° Ç° ÄťÇ° Ç°"VHVTUÇ° Ç° Ç°Ç° %JSFDUPS Ç°%JTCVSTFNFOUÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°Ç° %JWJTJPO Ç°'JOBODFÇ° Department

AOTâ&#x20AC;&#x2122;s Executives 17. Mrs. Chantima Lattiwan (age 56 years) Number of Shares 4,410 shares Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° # # " Ç° "DDPVOUJOH Ç°3BNLIBNIBFOHÇ°6OJWFSTJUZ Training Ç° ÄťÇ° "DDPVOUJOHÇ°4UBOEBSETÇ°GPSÇ°.BOBHFSÇ°BOEÇ° Accountant Ç° ÄťÇ° *OUFSOBUJPOBMÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°POÇ°-BOE Ç° Buildings, Equipment and Investment Property Ç° ÄťÇ° (PPEÇ°(PWFSOBODFÇ°BOEÇ°&UIJDT CBTFEÇ°.BOBHFNFOUÇ°Ç° for Sustainable Growth Ç° ÄťÇ° 5IFÇ°"EPQUJPOÇ°PGÇ°*OUFSOBUJPOBMÇ°'JOBODJBMÇ°3FQPSUJOHÇ°Ç° Standards (IFRS) for AOTâ&#x20AC;&#x2122;s Financial Report Work Experience Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç°Ç° 7JDFÇ°1SFTJEFOU Ç°"DDPVOUJOH Present Department Ç° ÄťÇ° Ç°%FDFNCFSÇ° Ç° Ç° %FQVUZÇ°7JDFÇ°1SFTJEFOU Ç° Ç° Ç° Ç°0DUPCFSÇ° Ç°Ç° "DDPVOUJOHÇ°%FQBSUNFOU Ç° ÄťÇ° Ç°%FDFNCFSÇ° Ç° Ç°Ç° "ENJOJTUSBUJWFÇ°0GĹłDFSÇ° Ç° 16 December 2007 Accounting Department

18. Miss Nattanan Moongthanya (age 55 years) Number of SharesÇ° Ç° Ç°TIBSFT Family Relationship with Executives of the Organization None Education Ç° ÄťÇ° # # " Ç° "DDPVOUJOH Ç°3BNLIBNIBFOHÇ°6OJWFSTJUZ Training Ç° ÄťÇ° *OEJWJEVBMÇ°#FIBWJPSJBMÇ°$PNQFUFODZÇ°%FWFMPQNFOUÇ°Ç° for AOTâ&#x20AC;&#x2122;s executives Ç° ÄťÇ° 3PMFÇ°PGÇ°.OBHFSÇ°JOÇ°#VTJOFTTÇ°$POUJOVJUZÇ° Management Ç° ÄťÇ° "JSQPSUÇ°.BOBHFNFOUÇ°1SPHSBN Ç°,BTFUÇ°.JOJÇ°.#" Ç°Ç° Ç° Ç° ,BTFUTBSUÇ°6OJWFSTJUZ Ç° ÄťÇ° (PPEÇ°(PWFSOBODFÇ°BOEÇ°&UIJDT CBTFEÇ°.BOBHFNFOUÇ°Ç° for Sustainable Growth Work Experience Ç° ÄťÇ° Ç°0DUPCFSÇ° Ç° Ç° 7JDFÇ°1SFTJEFOU Ç°"DDPVOUJOH Present and Finance Department, Suvarnabhumi Airport Ç° ÄťÇ° Ç°+BOVBSZÇ° Ç° Ç°Ç° %FQVUZÇ°7JDFÇ°1SFTJEFOU Ç° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°Ç° #VTJOFTTÇ°1MBOOJOHÇ°BOEÇ° Budgeting Department, Suvarnabhumi Airport Ç° ÄťÇ° Ç°%FDFNCFSÇ° Ç° Ç° %JSFDUPS Ç°'JOBODFÇ°%JWJTJPO Ç°Ç° Ç° Ç°+BOVBSZÇ° Ç°Ç° #VTJOFTTÇ°1MBOOJOHÇ°BOEÇ° Budgeting Department, Suvarnabhumi Airport

Connected Transactions

Related Transactions including types of transactions and contracts are as follows: 1. Related transactions with the Ministry of Finance, AOTâ&#x20AC;&#x2122;s major shareholder Type of Transaction

Ç°

The land that AOT leases from the Treasury Department is where AOTâ&#x20AC;&#x2122;s 6 airports are located. AOT has to pay the Ministry of Finance rental fees in accordance with the lease contract. In addition, the Ministry of Finance guarantees the total of AOTâ&#x20AC;&#x2122;s loans granted by Japan International Corporation Agency (JICA) due to its status as a state enterprise. At present, the Ministry of Finance has yet to demand a guarantee fee from AOT. However, the Public Debt .BOBHFNFOUÇ°"DU Ç°# & Ç° Ç° Ç°XIJDIÇ°DBNFÇ°JOUPÇ°FGGFDUÇ°POÇ° Ç°'FCSVBSZÇ° Ç°HJWFTÇ°UIFÇ°.JOJTUSZÇ° of Finance the power to collect guarantee fees or other fees from state enterprises including AOT for loan guarantees signed after the promulgation of the Act. The Ministry of Finance therefore is empowered to demand guarantee fees from AOT under the Act.

2. Transactions from sales, purchase and services with subsidiaries Type of Transaction Ç°

AOT formed a joint venture with Suvarnabhumi Ariport Hotel Company Limited (SAH) to operate BÇ°IPUFMÇ°CVTJOFTT Ç°5IFÇ°4")Ç°TJHOFEÇ°BÇ° ZFBSÇ°MBOEÇ°MFBTFÇ°DPOUSBDUÇ°XJUIÇ°"05Ç°UPÇ°EFWFMPQÇ°UIFÇ°IPUFMÇ°

Ç° Ç° Ç° Ç°Ç° Ç° Ç° Ç° Ç° Ç°

in Suvarnabhumi Airport area, which came into effect XJUIÇ°UIFÇ°PGÅ³DJBMÇ°PQFOJOHÇ°PGÇ°4VWBSOBCIVNJÇ°"JSQPSUÇ°POÇ° Ç°4FQUFNCFSÇ° Ç°"05Ç°FYUFOEFEÇ°UIFÇ°DPOUSBDUÇ°JOÇ°MJOFÇ° XJUIÇ°NFBTVSFTÇ°UPÇ°SFMJFWFÇ°BJSMJOFTÇ°BOEÇ°PQFSBUPSTÇ°JOÇ° BOEÇ° Ç°GPSÇ°BOPUIFSÇ°UXPÇ°ZFBST Ç°CSJOHJOHÇ°JUÇ°UPÇ° Ç°ZFBST Ç° AOT has collected the rental fee and revenue-sharing from the hotel operator since the hotel commenced TFSWJDFT Ç°"05Ç°MBUFSÇ°FYUFOEFEÇ°UIFÇ°DPOUSBDUÇ°GSPNÇ° Ç°ZFBSTÇ° UPÇ° Ç°ZFBST Ç°*OÇ°BEEJUJPO Ç°"05Ç°HSBOUFEÇ°UIFÇ°PQFSBUPSÇ°UIFÇ° right to extend the contract twice more, with each period WBMJEÇ°GPSÇ° Ç°ZFBSTÇ°BTÇ°EFUBJMFEÇ°JOÇ°"05Ç°MFUUFSÇ°/P Ç° Ç° PGÇ° Ç°'FCSVBSZÇ° Ç°1SJDFTÇ°PGÇ°HPPETÇ°QVSDIBTF Ç°TBMFTÇ° BOEÇ°TFSWJDFTÇ°BSFÇ°JOÇ°BDDPSEBODFÇ°XJUIÇ°UIFÇ°SBUFÇ°TQFDJÅ³FEÇ° in the contract and normal business conditions.

Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç°

3. Transaction covering transfer of New Bangkok International Airport Company Limited (NBIA) to AOT and closure of NBIA business Ç°

have been transferred from NBIA at book value as SFDPSEFEÇ°JOÇ°/#*"Ä´TÇ°BDDPVOUÇ°EBUFEÇ° Ç°%FDFNCFSÇ° Ç°JOÇ°UIFÇ°BNPVOUTÇ°PGÇ° Ç°NJMMJPOÇ°#BIUÇ° NBEFÇ°VQÇ°PG BTTFUTÇ°EVSJOHÇ°UIFÇ°DPOTUSVDUJPOÇ°XPSUIÇ° Ç°NJMMJPOÇ° #BIU Ç° MBOE Ç° CVJMEJOHTÇ° BOEÇ° FRVJQNFOUÇ° XPSUIÇ° Ç° NJMMJPOÇ°#BIU Ç°BOEÇ°PUIFSÇ°JUFNTÇ°XPSUIÇ° Ç°NJMMJPOÇ° #BIU Ç°BOEÇ° Ç°NJMMJPOÇ°#BIU Ç°SFTQFDUJWFMZ Ç°"05Ç°UIVTÇ° JTTVFEÇ° Ç°NJMMJPOÇ°#BIUÇ°JOÇ°BÇ°QSPNJTTPSZÇ°OPUFÇ°UPÇ° NBIA. The maturity date of this note would be the last previous working day of NBIA. The remaining of the investment budget (if any), would be returned to AOT. /#*"Ç°SFHJTUFSFEÇ°UPÇ°EJTTPMWFÇ°JUTÇ°CVTJOFTTÇ°POÇ° Ç°+VMZÇ° According to the ordinary shareholdersâ&#x20AC;&#x2122; meeting No. Ç°POÇ° Ç°0DUPCFSÇ° Ç°JUÇ°XBTÇ°VOBOJNPVTMZÇ°BHSFFEÇ° to reimburse money to all shareholders after the deduction of AOTâ&#x20AC;&#x2122;s debts to NBIA. NBIA registered for MJRVJEBUJPOÇ°POÇ° Ç°0DUPCFSÇ°

Type of Transaction

Ç°

On 10 September 2002, the Cabinet passed a resolution to transfer the operation, rights, debts, obligations, assets as well as employees of NBIA to AOT following the completion of construction by NBIA and prior to commencing services. The Cabinet also endorsed the closure of NBIA and made it a business unit of AOT. AOT SFDFJWFEÇ°UIFÇ°USBOTGFSÇ°PGÇ°/#*"Ç°FNQMPZFFTÇ°POÇ° Ç°%FDFNCFSÇ° 2004 and transfer of assets, rights, debts, responsibilities and obligations on 1 January 2006. All assets and liabilities were transferred from NBIA at book value as recorded in NBIAâ&#x20AC;&#x2122;s account All properties and liabilities

AOTâ&#x20AC;&#x2122;s related transaction policy in the future AOT will take care of related transactions that might be made in the future to ensure these are in accordance with reasonable practice and fair return rate. In addition, the related transactions must be approved following due process and in line with relevant regulations. AOT will disclose type and value of AOTâ&#x20AC;&#x2122;s related transactions with individuals XIFSFÇ°UIFSFÇ°NJHIUÇ°CFÇ°BÇ°DPOÅ´JDUÇ°PGÇ°JOUFSFTUÇ°CBTFEÇ°POÇ°UIFÇ° notices and regulations of the Securities and Exchange Commission and the Stock Exchange of Thailand.

Air Traffic Statistics

Total flights calling the 6 airports under AOTâ&#x20AC;&#x2122;s responsibility

2013

2014

559,423 609,937 flights flights

Service operation results AOT operates 6 international airports in Thailand, namely Suvarnabhumi, Don Mueang, Chiang Mai, 'BIÇ°-VBOH $IJBOHÇ°3BJ Ç°1IVLFUÇ°BOEÇ°.BFÇ°)BUÇ°:BJ Ç°*OÇ°Å³TDBMÇ°ZFBSÇ° Ç°"05Ç°TFSWFEÇ° Ç°TDIFEVMFEÇ°BJSMJOFT Ç° 121 of which were mixed passenger-cargo airlines, and 10 of which were pure cargo airlines. 5IFÇ°OVNCFSÇ°PGÇ°BJSDSBGUÇ°NPWFNFOUTÇ°BUÇ°UIFÇ° Ç°"05Ä´TÇ°BJSQPSUTÇ°HSFXÇ°CZÇ° Ç°UPÇ° Ç°Å´JHIUTÇ°XJUIÇ° Ç°JOUFSOBUJPOBMÇ°Å´JHIUTÇ°BOEÇ° Ç°EPNFTUJDÇ°Å´JHIUTÇ°SFQSFTFOUJOHÇ°BOÇ°JODSFBTFÇ°PGÇ° Ç°BOEÇ° Ç°SFTQFDUJWFMZ Ç°5IFÇ°UPUBMÇ°OVNCFSÇ°PGÇ°QBTTFOHFSTÇ°IBOEMFEÇ°BUÇ°UIFÇ° Ç°BJSQPSUTÇ°XBTÇ° Ç° BOÇ° JODSFBTFÇ° PGÇ° Ç° 0VUÇ° PGÇ° UIJT Ç° JOUFSOBUJPOBMÇ° QBTTFOHFSTÇ° XFSFÇ° Ç° MPXFSÇ° GSPNÇ° Ç° CZÇ° Ç°XIJMFÇ°EPNFTUJDÇ°QBTTFOHFSTÇ°JODSFBTFEÇ°CZÇ° Ç°UPÇ° Ç°5IFÇ°UPUBMÇ°GSFJHIUÇ°BOEÇ° QPTUBMÇ°QBSDFMÇ°WPMVNFÇ°BNPVOUFEÇ°UPÇ° Ç°UPOT Ç°JODSFBTJOHÇ°CZÇ° Ç°JODMVEJOHÇ° Ç°UPOTÇ° PGÇ°JOUFSOBUJPOBMÇ°GSFJHIUÇ°XIJDIÇ°JODSFBTFEÇ°CZÇ° Ç°BOEÇ° Ç°UPOTÇ°PGÇ°EPNFTUJDÇ°GSFJHIUÇ°XIJDIÇ°XBTÇ° Ç°MPXFSÇ°UIBOÇ°UIFÇ°QSFWJPVTÇ°ZFBS

Fiscal year

Air traffic movements (flights) Suvarnabhumi Airport Don Mueang International Airports Ç° 4VWBSOBCIVNJÇ°"JSQPSUÇ° Ç° %POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Ç° $IJBOHÇ°.BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Ç° .BFÇ°'BIÇ°-VBOH $IJBOHÇ°3BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Ç° 1IVLFUÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Ç° )BUÇ°:BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Total 6 airports

2013

2014

423,992 Ç° Ç° Ç° Ç°Ç° Ç° Ç°Ç° 559,423

454,763 Ç° Ç° Ç° Ç°Ç° Ç° Ç°Ç° 609,937

% 7.26 9.03

Total passenger volume (persons) Suvarnabhumi Airport + Don Mueang International Airports Ç° 4VWBSOBCIVNJÇ°"JSQPSUÇ° Ç° %POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Ç° $IJBOHÇ°.BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Ç° .BFÇ°'BIÇ°-VBOH $IJBOHÇ°3BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Ç° 1IVLFUÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Ç° )BUÇ°:BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Total 6 airports

2013

2014

66,463,450 Ç° Ç° Ç° Ç° Ç°Ç° Ç° Ç°Ç° 6,134,962

65, 47,19 Ç° Ç° Ç° Ç°Ç° Ç° Ç°Ç° 7,572,416

% -0.93 1.67

Freight and postal parcels (tons) 2013 Suvarnabhumi Airport + Don Mueang International Airports Ç° 4VWBSOBCIVNJÇ°"JSQPSUÇ° Ç° %POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Ç° $IJBOHÇ°.BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Ç° .BFÇ°'BIÇ°-VBOH $IJBOHÇ°3BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Ç° 1IVLFUÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Ç° )BUÇ°:BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Total 6 airports

1,249,340 Ç° Ç° Ç° Ç°Ç° Ç° Ç°Ç° 1,321,161

2014 1,254,939 Ç° Ç° Ç° Ç° Ç°Ç° Ç° Ç° Ç°Ç° 1,329,04

% 0.45 0.60

*OÇ°UIFÇ°Å³TDBMÇ° Ç°JOUFSOBUJPOBMÇ°QBTTFOHFSÇ°USBGÅ³DÇ°XBTÇ°MPXFSÇ° Don Mueang International Airport than the previous year due to domestic political situation. $BSHPÇ° USBGÅ³DÇ° IPXFWFSÇ° TMJHIUMZÇ° JODSFBTFEÇ° ZFBSÇ° POÇ° ZFBS Ç° Don Mueang International Airport served a total number DPSSFTQPOEJOHÇ°UPÇ°UIFÇ°JODSFBTJOHÇ°PWFSBMMÇ°BJSÇ°USBGÅ³DÇ°NPWFNFOUTÇ° of 14 scheduled airlines. Ten of them provide scheduled international services. They include Thai Air Asia, Indonesia JOÇ°UIFÇ°"TJBÇ°1BDJÅ³DÇ°SFHJPOÇ°BOEÇ°FMTFXIFSFÇ°JOÇ°UIFÇ°XPSME Air Asia, Air Asia, City Airway, Malindo Air, Nok Air, Scoot, Thai Air Asia X, Thai Lion Mantari and Sabaidee Airways. Eight airlines providing schedule domestic services, including Suvarnabhumi Airport Thai Air Asia, City Airways, Kannithi Aviation, Nok Air, Orient In 2017, Suvarnabhumi Airport and Don Mueang International Thai Airlines, Siam GA, Thai Smile and Thai Lion Mantari. "JSQPSUÇ°IBOEMFEÇ° Ç°Å´JHIUT Ç°BOÇ°JODSFBTFÇ°PGÇ° Ç°GSPNÇ° $POTJEFSJOHÇ°NPSFÇ°BJSMJOFTÇ°DBMMJOHÇ°UIFÇ°BJSQPSU Ç°UPUBMÇ°BJSÇ°USBGÅ³DÇ° UIFÇ°Å³TDBMÇ°ZFBSÇ° Ç°"Ç°UPUBMÇ°OVNCFSÇ°PGÇ° Ç°QBTTFOHFSTÇ° NPWFNFOUTÇ°JOÇ° Ç°ESBTUJDBMMZÇ°JODSFBTFEÇ°CZÇ° Ç°UPÇ° Ç° passed through the two main airports, representing a slight Å´JHIUT Ç°JODMVEJOHÇ° Ç°JOUFSOBUJPOBMÇ°Å´JHIUTÇ°BOEÇ° Ç° EFDSFBTFÇ° PGÇ° Ç° XIJMFÇ° GSFJHIUÇ° BOEÇ° DBSHPÇ° WPMVNFÇ° XBTÇ° EPNFTUJDÇ°Å´JHIUT Ç°SFQSFTFOUJOHÇ°BOÇ°JODSFBTFÇ°PGÇ° Ç°BOEÇ° Ç°UPOT Ç°JODSFBTJOHÇ°CZÇ° Ç°SFTQFDUJWFMZ Ç°5PUBMÇ°QBTTFOHFSTÇ°IBOEMFEÇ°BUÇ°UIFÇ°BJSQPSUÇ° 4VWBSOBCIVNJÇ°"JSQPSUÇ°TFSWFEÇ° Ç°TDIFEVMFEÇ°BJSMJOFT Ç°JODMVEJOHÇ° XFSFÇ° Ç°QFSTPOT Ç°JODSFBTJOHÇ°CZÇ° Ç°0VUÇ°PGÇ°UIJT Ç° Ç°NJYFEÇ°QBTTFOHFS DBSHPÇ°BJSMJOFTÇ°BOEÇ° Ç°DBSHPÇ°BJSMJOFT Ç°5IFÇ° Ç°QFSTPOTÇ°BSFÇ°JOUFSOBUJPOBMÇ°QBTTFOHFST Ç°BÇ°TVSHFÇ°PGÇ° QPMJUJDBMÇ°TJUVBUJPOÇ°JOÇ°5IBJMBOEÇ°UIBUÇ°CFHBOÇ°JOÇ°/PWFNCFSÇ° Ç° Ç°BOEÇ° Ç°EPNFTUJDÇ°QBTTFOHFST Ç°BOÇ°JODSFBTFÇ°PGÇ° IBEÇ° BOÇ° JNQBDUÇ° POÇ° QBTTFOHFSTÄ´Ç° DPOÅ³EFODFÇ° UIVTÇ° BGGFDUFEÇ° Ç°5IFÇ°UPUBMÇ°GSFJHIUÇ°BOEÇ°QPTUBMÇ°QBSDFMTÇ°QBTTJOHÇ°UISPVHIÇ° UIFÇ°USBGÅ³DÇ°NPWFNFOUTÇ°BUÇ°UIFÇ°BJSQPSU Ç°"UÇ°QSFTFOU Ç° Ç° UIFÇ°BJSQPSUÇ°XFSFÇ° Ç°UPOT Ç°JODSFBTJOHÇ°CZÇ° Ç°JODMVEJOHÇ° Å´JHIUT Ç°BOÇ°JODSFBTFÇ°PGÇ° Ç°DBMMFEÇ°4VWBSOBCIVNJÇ°"JSQPSU Ç° Ç°UPOTÇ°PGÇ°JOUFSOBUJPOBMÇ°GSFJHIUÇ°BOEÇ° Ç°UPOTÇ°PGÇ°EPNFTUJDÇ° 5IJTÇ°JODMVEFEÇ° Ç°JOUFSOBUJPOBMÇ°Å´JHIUT Ç°BÇ°TMJHIUÇ°EFDSFBTFÇ° DBSHPT Ç°SFQSFTFOUJOHÇ° Ç°BOEÇ° Ç°JODSFBTFÇ°SFTQFDUJWFMZ PGÇ° Ç°BOEÇ° Ç°EPNFTUJDÇ°Å´JHIUT Ç°SJTJOHÇ°CZÇ° Ç°*OÇ° UFSNTÇ°PGÇ°QBTTFOHFSÇ°USBGÅ³D Ç°UIFÇ°UPUBMÇ°WPMVNFÇ°XBTÇ° Ç° QBTTFOHFST Ç° BÇ° ESPQÇ° PGÇ° Ç° JODMVEJOHÇ° Ç° JOUFS Chiang Mai International Airport OBUJPOBMÇ°QBTTFOHFST Ç°BÇ° Ç°MPXFSÇ°GSPNÇ°UIFÇ°QSFWJPVTÇ°ZFBS Ç° $IJBOHÇ°.BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°TFSWFEÇ° Ç°TDIFEVMFEÇ°BJSMJOFTÇ° BOEÇ° Ç°EPNFTUJDÇ°QBTTFOHFS Ç°BÇ°SFEVDUJPOÇ°PGÇ° Ç° JOÇ° Ç°5IFÇ°UPUBMÇ°OVNCFSÇ°PGÇ°Å´JHIUTÇ°DBMMJOHÇ°UIFÇ°BJSQPSUÇ°XBTÇ° compared to the previous year. Freight and postal parcels Ç°Å´JHIUT Ç°JODSFBTJOHÇ°CZÇ° Ç°5IJTÇ°JODMVEFEÇ° Ç° IBOEMFEÇ°BUÇ°UIFÇ°BJSQPSUÇ°UPUBMFEÇ° Ç°UPOT Ç°EFDSFBTJOHÇ° JOUFSOBUJPOBMÇ°Å´JHIUT Ç°SFQSFTFOUJOHÇ°BÇ°TJHOJÅ³DBOUÇ°JODSFBTFÇ°PGÇ° CZÇ° Ç°5IJTÇ°DPNQSJTFEÇ° Ç°UPOTÇ°PGÇ°JOUFSOBUJPOBMÇ° Ç°BOEÇ° Ç°EPNFTUJDÇ°Å´JHIUT Ç°JODSFBTJOHÇ°CZÇ° Ç°5IFÇ° GSFJHIUÇ°BOEÇ°QPTUBMÇ°QBSDFMT Ç°BÇ°TMJHIUÇ°JODSFBTFÇ°PGÇ° Ç°BOEÇ° BJSQPSUÇ°TFSWFEÇ° Ç°QBTTFOHFSTÇ°JOÇ°UIFÇ°Å³TDBMÇ°ZFBSÇ° Ç° Ç°UPOTÇ°PGÇ°EPNFTUJDÇ°DBSHPÇ°USBGÅ³D Ç°BÇ°ESPQÇ°PGÇ° BOÇ°JODSFBTFÇ°PGÇ° Ç°5IJTÇ°JODMVEFEÇ° Ç°JOUFSOBUJPOBMÇ°

QBTTFOHFST Ç°SFQSFTFOUJOHÇ°BÇ°TJHOJÅ³DBOUÇ°JODSFBTFÇ°PGÇ° Ç° BOEÇ° Ç°EPNFTUJDÇ°QBTTFOHFST Ç°JODSFBTJOHÇ°CZÇ° Ç°*OÇ° UFSNTÇ°PGÇ°GSFJHIUÇ°BOEÇ°QPTUBMÇ°QBSDFMT Ç° Ç°UPOTÇ°XFSFÇ°IBOEMFEÇ° BUÇ°UIFÇ°BJSQPSU Ç°SFQSFTFOUJOHÇ° Ç°JODSFBTF Ç°0VUÇ°PGÇ°UIJT Ç° Ç° UPOTÇ°BSFÇ°JOUFSOBUJPOBMÇ°GSFJHIUÇ°BOEÇ°QPTUBMÇ°QBSDFMTÇ°BOEÇ° Ç° tons of domestic cargo and postal parcels, representing Ç°JODSFBTFÇ°BOEÇ° Ç°EFDSFBTFÇ°SFTQFDUJWFMZ

UIBOÇ°UIFÇ°QSFWJPVTÇ°ZFBS Ç°0VUÇ°PGÇ°UIFÇ°UPUBMÇ°Å´JHIUT Ç° Ç°XFSFÇ° JOUFSOBUJPOBMÇ°TDIFEVMFEÇ°BOEÇ°DIBSUFSFEÇ°Å´JHIUT Ç°SFQSFTFOUJOHÇ° Ç°JODSFBTF Ç°5PUBMÇ°EPNFTUJDÇ°Å´JHIUTÇ°XFSFÇ° Ç°SFQSFTFOUJOHÇ° Ç°JODSFBTF Ç°*OÇ°UIFÇ°QBTUÇ°ZFBS Ç°1IVLFUÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° TFSWFEÇ° Ç°QBTTFOHFST Ç°BOÇ°JODSFBTFÇ°PGÇ° Ç°JODSFBTFÇ° PWFSÇ°UIFÇ°QSFWJPVTÇ°ZFBS Ç°5IFZÇ°JODMVEFEÇ° Ç°JOUFSOBUJPOBMÇ° QBTTFOHFST Ç°BOÇ°JODSFBTFÇ°PGÇ° Ç°XIJMFÇ°EPNFTUJDÇ°QBTTFOHFSÇ° BNPVOUFEÇ°UPÇ° Ç°PSÇ° Ç°JODSFBTF Ç°5IFÇ°UPUBMÇ°DBSHPÇ° and postal parcels handled at the airport increased by Mae Fah Luang-Chiang Rai International Ç°UPÇ° Ç°UPOT Ç°JODMVEJOHÇ° Ç°UPOTÇ°PGÇ°JOUFSOBUJPOBMÇ° Airport DBSHPÇ°XIJDIÇ°JODSFBTFEÇ°CZÇ° Ç°GSPNÇ°UIFÇ°QSFWJPVTÇ°Å³TDBMÇ° *OÇ° UIFÇ° Å³TDBMÇ° ZFBSÇ° Ç° .BFÇ° 'BIÇ° -VBOH $IJBOHÇ° 3BJÇ° *OUFS- ZFBSÇ° BOEÇ° Ç° UPOTÇ° PGÇ° EPNFTUJDÇ° DBSHPT Ç° SFQSFTFOUJOHÇ° national Airport served 6 scheduled airlines and handled Ç°JODSFBTF Ç°Å´JHIUTÇ°XIJDIÇ°JODSFBTFEÇ°CZÇ° Ç°5IFÇ°UPUBMÇ°JOUFSOBUJPOBMÇ°Å´JHIUTÇ°IBOEMFEÇ°BUÇ°UIFÇ°BJSQPSUÇ°XBTÇ° Ç°Å´JHIUTÇ°XIJMFÇ° Hat Yai International Airport EPNFTUJDÇ°Å´JHIUTÇ°XFSFÇ° Ç°Å´JHIUT Ç°JODSFBTJOHÇ°CZÇ° Ç° and 47.04% respectively. The number of passengers arriving Seven scheduled airlines called Hat Yai International Airport BOEÇ°EFQBSUJOHÇ°GSPNÇ°UIFÇ°BJSQPSUTÇ°UPUBMFEÇ° Ç°PSÇ° Ç° JOÇ°UIFÇ°Å³TDBMÇ°ZFBSÇ° Ç°5IFÇ°BJSQPSUÇ°IBOEMFEÇ° Ç°Å´JHIUT Ç° JODSFBTF Ç°5IJTÇ°JODMVEFEÇ° Ç°JOUFSOBUJPOBMÇ°QBTTFOHFSTÇ°BOEÇ° JODSFBTJOHÇ° CZÇ° Ç° 5IJTÇ° JODMVEFTÇ° Ç° JOUFSOBUJPOBMÇ° Ç°EPNFTUJDÇ°QBTTFOHFST Ç°SFQSFTFOUJOHÇ°ESBTUJDÇ°JODSFBTFÇ° Å´JHIUT Ç°JODSFBTJOHÇ°CZÇ° Ç°PWFSÇ°UIFÇ°QSFWJPVTÇ°ZFBS Ç°XIJMF PGÇ° Ç°BOEÇ° Ç°SFTQFDUJWFMZ Ç°*OÇ°UFSNTÇ°PGÇ°GSFJHIUÇ°BOEÇ° EPNFTUJDÇ°Å´JHIUTÇ°XFSFÇ° Ç°JODSFBTJOHÇ°CZÇ° Ç°1BTTFOHFSTÇ° QPTUBMÇ°QBSDFMT Ç°UIFÇ°BJSQPSUÇ°IBOEMFEÇ°BÇ°UPUBMÇ°PGÇ° Ç°UPOT Ç° IBOEMFEÇ°BUÇ°UIFÇ°BJSQPSUÇ°UPUBMFEÇ° Ç°QFSTPOT Ç°BOÇ°JODSFBTFÇ° XIJDIÇ°JTÇ° Ç°EFDSFBTF Ç°XJUIÇ°BMMÇ°XFSFÇ°EPNFTUJDÇ°DBSHPT PGÇ° Ç°DPNQBSFEÇ°UPÇ°UIFÇ°QSFWJPVTÇ°ZFBS Ç°JODMVEJOHÇ° Ç° JOUFSOBUJPOBMÇ°QBTTFOHFST Ç°SFEVDJOHÇ°CZÇ° Ç°BOEÇ° Ç° EPNFTUJDÇ°QBTTFOHFST Ç°BOÇ°JODSFBTFÇ°PGÇ° Ç°5IFÇ°UPUBMÇ°WPMVNFÇ° Phuket International Airport of freight and postal parcels handled at the airport was Phuket International Airport served 44 scheduled airlines Ç°UPOT Ç°BOÇ° Ç°EFDSFBTFÇ°GSPNÇ°UIFÇ°QSFWJPVTÇ°ZFBS Ç° JOÇ° Ç°BOEÇ°IBOEMFEÇ° Ç°Å´JHIUT Ç°XIJDIÇ°JTÇ° Ç°IJHIFSÇ° All of them were domestic cargo.

Air Traffic Statistics Suvarnabhumi & Don Mueang International Airports Aircraft Movements

2010

2011

60,000,000

35,812,750 14,348,685 1,612,026

2008

2009

2010

2011

Domestic

2012

Direct Transit

2013

2014

Fiscal Year

Total Passengers

Cargo Volumes 1,249,340

1,254,939 1,200,277

1,360,879

1,192,786

993,769

1,341,352 1,281,635

1,280,271

1,300,130

1,291,931

947,348

1,207,970

1,238,453

1,061,744

1,137,605

1,119,433

1,198,120

1,152,044

1,400,000

1,225,027

Tons

800,000

65,847,198

1,441,646

30,907,223 12,850,551 1,498,007

2007

37,359,537 16,284,942

26,707,121 11,695,843 1,431,976

2006

1,600,000

1,000,000

66,463,450

Fiscal Year

55,086,125

45,255,781 39,834,940

International

1,200,000

2014

1,041,346

46,932,118

32,472,599 12,874,283 1,585,236

2005

45,123,945 30,999,402 12,422,370 1,702,173

26,622,474 10,500,564 1,766,191

42,360,678

51,773,461

29,276,672 11,259,800 1,824,206

38,889,229

30,000,000

10,000,000

2013

1,247,334

50,000,000

20,000,000

270,812

268,213

2012

Total Aircraft Movements

Number of Passengers

Passengers

70,000,000

40,000,000

155,779

230,609 133,502

215,466 120,582

190,293

177,356 95,716

2009

Domestic

364,111

42,349,994 22,455,858

2008

105,092

199,505

2007

295,385

454,763

45,921,183 19,294,933

2006 International

336,048 273,072

111,930

98,547

175,540

2005

307,244

114,315

280,704 182,157

265,122

311,435

192,929

423,992

89,582

500,000 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0

183,951

Movements

600,000

International

2008 Domestic

2009

2010

59,717

55,244

46,421

53,478

55,926

2007

2011

54,662

2006

56,554

2005

60,749

60,515

200,000

57,689

400,000

2012

2013

2014

Cargo Volumes (Freight + Mail) Excluding Transit

Fiscal Year

Chiang Mai International Airport Aircraft Movements

Movements

49,679 41,295

2005

2006

2008

2010

Domestic

2011

2012

11,329

4,334,608

2006

Domestic

2010

2011

2012

Direct Transit

5,015,922 1,191,906

4,446,302

2013

5,618

17,579

708,861

1,870

3,844,786 487,952

887

3,334,927 344,576

2,932,671

2009

2007

International

3,182,980

1,088

2008

323,438

59,049

2005

2,872,346

249,221

231,605 2,635,506 5,235

295,672 2,748,077 34,407

3,276,309

329,149 2,928,784 18,376

2,757,255 195,613

2,000,000

3,680,390

3,370,690

27,565

3,078,156

3,019,687

3,011,917

3,000,000

2014

Fiscal Year

Total Passengers

Cargo Volumes

Tons

26,009

18,451 18,266

18,659 17,953

21,480

20,419

15,000

20,528

21,226

20,641 20,537

17,617 17,262

22,061

20,000

22,438

23,122

23,429

23,707

24,376

25,714

30,000 25,000

Fiscal Year

5,172,742

5,000,000

2014

6,213,446

6,000,000

1,000,000

2013

Total Aircraft Movements

Number of Passengers

Passengers

7,000,000

4,000,000

34,355 6,940

30,825 4,746

3,746

2,744

2009

27,054

24,678

20,231 2,651

3,621

2007

International

27,422 22,882

21,779

25,400

21,650

26,708

5,058

24,469 5,690 18,779

17,478

22,362

38,350

35,571 30,800

4,884

50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0

10,000 377

355

104

109

254

2006

2007

2008

2009

2010

2011

2012

International

Domestic

Cargo Volumes (Freight + Mail) Excluding Transit

2013

706

307

2005

185

295

669

5,000 2014

Fiscal Year

Mae Fah Luang - Chiang Rai International Airport Aircraft Movements

Movements

12,000

10,029 9,587

10,000 6,882

6,674 6,433

5,652

5,668

6,719

5,546

5,804

5,714

5,511

4,913

4,000

6,734

6,210

4,927

6,232

5,646

6,000

5,659

6,520

8,000

2009

2011

442

2014

2006

2007

International

2008

2009

Domestic

2010

2012

Direct Transit

234

2013

28,148

1,041,671 11,958

127

921,268

2011

4,928

9,497

280

673

130

485

115

224

163

444

431

200,000 2005

805,842

723,288

771,947

648,783

724,241

796,336

772,286

648,168

400,000

711,662 711,468

676,532

600,000

696,492 696,395

677,407

Fiscal Year

1,263,235

1,053,863 926,323

1,000,000

2014

Fiscal Year

Total Passengers

Cargo Volumes

Tons

5,070

4,893

2,527

2,000

2,682

4,565

3,708

2,287

3,775

2,527

3,708

2,682

2,909 2,909

3,000

3,775

2,287

5,070

4,000

4,565

4,893

4,698

5,000

4,698

6,000

2013

1,291,708

1,200,000

2012

Total Aircraft Movements

Number of Passengers

Passengers

1,400,000

800,000

362

241

152

2010

Domestic

325

2008

International

2007

2006

2005

2,000

2006

2007

2008

2009

2010

2011

2012

International

Domestic

Cargo Volumes (Freight + Mail) Excluding Transit

2013

2005

1,000 2014

Fiscal Year

Phuket International Airport Aircraft Movements

Movements

80,000 70,000

70,198

60,000

2009

Domestic

2010

2011

2013

31,731

18,542

4,160 13,338

4,932 13,610

4,468 11,600

2006

2007

2008

2009

International

Domestic

9,466

9,499

16,455

15,000

18,812

2005

16,068

2010

2011

12,919

16,274

27,587

18,088

16,822

4,687 12,135

17,498

2,690 13,584

25,000

34,032

16,557 17,475

25,921

Fiscal Year

39,652

35,000 30,000

2014

Total Passengers

Cargo Volumes

Tons

2012

Direct Transit

2012

Cargo Volumes (Freight + Mail) Excluding Transit

2013

21,239 18,413

3,065,037 3,704,384 27,677

2009

Domestic

15,290

2,213,794 3,212,804 14,987

2008

4,803,305 4,342,410

2,400,843 3,529,165 13,460

2007

44,108

2,038,965 3,422,439 16,733

2006

4,094,288 4,068,009

1,519,959 2,922,133 25,890

1,065,607 2,357,658 49,387

2005

5,823

5,441,585

3,472,652

40,000

5,000

11,275,805

14,750

5,478,137

5,943,468

4,467,982

International

10,000

10,979,537

Fiscal Year

6,797,098

4,000,000

20,000

2014

8,206,405

8,000,000

2013

9,161,005

10,000,000

2,000,000

2012

Total Aircraft Movements

Number of Passengers

Passengers

12,000,000

6,000,000

2011

40,387 34,114

2008

31,130 28,276

2007

International

27,389 27,721

35,995 16,511 19,484

2006

46,132

17,317 22,901

2005

40,218

16,239 22,129

28,991 12,687 16,304

10,000

26,803 11,468 15,335

20,000

38,368

21,818 24,314

30,000

6,379,248 4,890,734

40,000

59,406 38,814 31,384

55,110

6,131,717 4,833,070

50,000

74,501

2014

Fiscal Year

Hat Yai International Airport Aircraft Movements

Movements

17,056

2009

3,000,000

2005

2006

2010

2011

15,294 1,762

1,822

Fiscal Year

2,728,323

2012

Direct Transit

2,181

1,180

2013

213,755

2,237,976 226,214

2,141

1,375,377

2009

Domestic

89,592

1,127

12,936

1,856

2008

1,269,109

1,356,068 656

22,162

1,240,569 94,454

2007

1,795,896

1,464,984

215,206

1,283,172

949

134,180 1,157,247 1,841

1,380,086

2014

Fiscal Year

Total Passengers

Cargo Volumes

2007

2008

2009

2010

2011

2012

Domestic

12,090

Cargo Volumes (Freight + Mail) Excluding Transit

2013

2006

10,407

2005

International

14,773

11,142

13,464

11,150

10,335

10,141

10,407

10,141

10,338

10,931

10,957

14,826

13,464

16,201

14,773

14,826

16,201

Tons

10,000 8,000 6,000 4,000 2,000 0

2014

2,013,243

1,629,654

147,046 1,137,544 2,887

1,335,679

203,965

1,293,268

1,287,477

International

18,000 16,000 14,000 12,000

2013

2,944,259

1,834,568

1,500,000

2012

2,465,370

2,500,000

500,000

2011

Total Aircraft Movements

Number of Passengers

Passengers

1,000,000

12,043

2010

Domestic

1,861

127

2008

10,367

8,916

10,055

9,043

1,635

2007

215

995

9,272

2006

11,116

749

10,270

1,260

2005

11,748 10,753

10,532

9,350

11,132

14,573 12,712

13,678

International

2,000,000

19,143

20,965

1,782

22,000 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0

2014

Fiscal Year

AOTâ&#x20AC;&#x2122;s Air Traffic Statistics 609,937 Aircraft Movements in Total 48.03% 26.53% Don Mueang Airport Chiang Mai Airport 8.14% Mae Fah Luang - Chiang Rai Airport 1.64% Phuket Airport 12.21% Hat Yai Airport 3.44% Suvarnabhumi Airport

87,572,416 Passengers in Total 53.10% 22.10% Don Mueang Airport Chiang Mai Airport 7.10% Mae Fah Luang - Chiang Rai Airport 1.48% Phuket Airport 12.88% Hat Yai Airport 3.36% Suvarnabhumi Airport

1,329,048 Tons of Cargo Volumes (Freight & Mail) in Total Excluding Transit 92.61% 1.81% Don Mueang Airport Chiang Mai Airport 1.40% Mae Fah Luang - Chiang Rai Airport 0.28% Phuket Airport 2.98% Hat Yai Airport 0.91% Suvarnabhumi Airport

Business Continuity Development Development Plans for Suvarnabhumi Airport, Don Mueang International Airport and Phuket International Airport AOT has continually developed airports under its supervision with clear direction and operations VOEFSÇ°UIFÇ°DPSQPSBUFÇ°QMBO Ç°$POTJEFSJOHÇ°"05Ä´TÇ°WJTJPOÇ°Ä¶UPÇ°CFDPNFÇ°UIFÇ°XPSME DMBTTÇ°BJSQPSUÇ°CVTJOFTTÄ· Ç° AOT has prepared a road map for development of airports that nearly reach full capacity, namely Suvarnabhumi Airport, Don Mueang International Airport and Phuket International Airport.

Suvarnabhumi Airport Development Plan 1. Airport Information 1.1 Runway Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç°

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1.2 Taxiway Ç° Ç°

Ç° Ç°

4VWBSOBCIVNJÇ°"JSQPSUÇ°IBTÇ° Ç°QBSBMMFMÇ°UBYJXBZTÇ°BDDPSEJOHÇ°UPÇ°*$"0Ç°TUBOEBSET Ç°5IFÇ° 3 -Ç° IBTÇ° Ç°FYJUÇ°UBYJXBZT Ç°5IFÇ° - 3Ç°IBTÇ° Ç°FYJUÇ°UBYJXBZT Ç°"MMÇ°UIFÇ°UBYJXBZTÇ°BSFÇ° Ç°NFUFSTÇ° wide covering with asphalt.

1.3 Apron Ç° Ç° Ç°

Ç° Ç° Ç°

4VWBSOBCIVNJÇ°"JSQPSUÇ°IBTÇ° Ç°BQSPOÇ°BSFBTÇ° Ç°&BTUÇ°"QSPO Ç°.BJOÇ°"QSPOÇ°BOEÇ°8FTUÇ°"QSPO Ç°DPWFSJOHÇ° Ç°TRVBSFÇ°NFUFST Ç°5IFZÇ°BDDPNNPEBUFÇ° Ç°CBZTÇ°DPOTJTUJOHÇ°PGÇ° Ç°DPOUBDUÇ°HBUFTÇ°BOEÇ° Ç°SFNPUFÇ°QBSLJOHÇ°CBZT

1.4 Passenger Terminals Ç°

Ç°

Passenger terminals comprises the main passenger terminal and the concourses. With UIFÇ°UPUBMÇ°BSFBÇ°PGÇ° Ç°TRVBSFÇ°NFUFST Ç°UIFÇ°QBTTFOHFSÇ°UFSNJOBMTÇ°DBOÇ°IBOEMFÇ°VQÇ°UPÇ° Ç° million passengers per year. The passenger terminals include

Ç° Ç°

Ä»Ç° 5IFÇ° NBJOÇ° QBTTFOHFSÇ° UFSNJOBM Ç° BÇ° TFWFO TUPSFZÇ° CVJMEJOHÇ° XJUIÇ° Ç° CBTFNFOUÇ° Å´PPSTÇ° BOEÇ° Ç° DPNCJOFEÇ°BSFBÇ°PGÇ° Ç°TRVBSFÇ°NFUFST

Ç°

Ä»Ç° $PODPVSTFTÇ°DPWFSJOHÇ° Ç°TRVBSFÇ°NFUFST Ç°

2. The Project of Suvarnabhumi Airport Development (2011 - 2017)

Ç°

AOT has the expansion project of Suvarnabhumi Airport to serve the rapidly growing number of passengers. By Completion of the entire project, Suvarnabhumi Airport will have a capacity to handle 60 million passengers per ZFBS Ç°PGÇ°XIJDIÇ° Ç°NJMMJPOÇ°BSFÇ°*OUFSOBUJPOBMÇ°QBTTFOHFSTÇ°BOEÇ° Ç°NJMMJPOÇ°BSFÇ°EPNFTUJDÇ°QBTTFOHFST Ç°5IFÇ°DPOTUSVDUJPOÇ° period is about 6 years.

Don Mueang International Airport Development Plan 1. Airport Information Ç° Ç°Ç° Ç° Ç° Ç°

%POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ°"JSQPSU Ç°XJUIÇ°JOJUJBMÇ°IBOEMJOHÇ°DBQBDJUZÇ°PGÇ° Ç°NJMMJPOÇ°QBTTFOHFST Ç°XBTÇ°TFSJPVTMZÇ°BGGFDUFEÇ°CZ UIFÇ°Å´PPEÇ°JOÇ°MBUFÇ° Ç°0OÇ° Ç°+VOFÇ° Ç°UIFÇ°$BCJOFUÇ°BHSFFEÇ°UPÇ°DIBOHFÇ°UIFÇ°SPMFÇ°PGÇ°BJSQPSUTÇ°XJUIÇ°4VWBSOBCIVNJÇ°"JSQPSUÇ° BTÇ°UIFÇ°)VCÇ°"JSQPSUÇ°QSPWJEJOHÇ°GVMMÇ°TFSWJDFTÇ°BOEÇ°DPOOFDUJOHÇ°Å´JHIUTÇ°UPÇ°NBLFÇ°JUÇ°UIFÇ°SFHJPOBMÇ°BWJBUJPOÇ°IVC Ç°BOEÇ°%POÇ°.VFBOHÇ° *OUFSOBUJPOBMÇ°"JSQPSUÇ°IBOEMFEÇ°UIFÇ°MPX DPTUÇ°DBSSJFSTÇ°BOE PSÇ°EPNFTUJDÇ°BOEÇ°JOUFSOBUJPOÇ°QPJOUÇ°UPÇ°QPJOUÇ°Å´JHIUTÇ°POÇ°BJSMJOFÄ´TÇ° voluntary basis. The decision was aimed at optimizing both airports. Based on such decision, AOT rehabilitated the CVJMEJOHTÇ°XIJDIÇ°XFSFÇ°EBNBHFEÇ°CZÇ°UIFÇ°Å´PPEÇ°UPÇ°IBOEMFÇ°VQÇ°UPÇ° Ç°NJMMJPOÇ°QBTTFOHFSTÇ°QFSÇ°ZFBS Ç°*UTÇ°CBTJDÇ°JOGSBTUSVDUVSFÇ° is as follows : 1.1 Runway

Ç° Ç°

%POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°IBTÇ° Ç°SVOXBZTÇ°XIJDIÇ°BSFÇ°SVOXBZÇ° 3 -Ç°PGÇ° Ç°NFUFSTÇ°MPOHÇ°POÇ°UIFÇ°&BTUÇ° BOEÇ°SVOXBZÇ° - 3Ç°PGÇ° Ç°NFUFSTÇ°MPOHÇ°POÇ°UIFÇ°8FTU Ç°#PUIÇ°IBWFÇ°BÇ°DPNCJOFEÇ°DBQBDJUZÇ°UPÇ°IBOEMFÇ° Ç°Å´JHIUTÇ° per hour.

1.2 Taxiway Ç°

Ç°

5IFÇ°BJSQPSUÇ°IBTÇ°BÇ°UPUBMÇ°PGÇ° Ç°UBYJXBZT

1.3 Apron Ç° Ç°

Ç° Ç°

$PWFSJOHÇ°BÇ°UPUBMÇ°BSFBÇ°PGÇ° Ç°TRVBSFÇ°NFUFST Ç°UIFÇ°DPODSFUFÇ°BQSPOÇ°DBOÇ°BDDPNNPEBUFÇ° Ç°QBSLJOHÇ°CBZT Ç°JODMVEJOHÇ° Ç°DPOUBDUÇ°HBUFTÇ°BOEÇ° Ç°SFNPUFÇ°QBSLJOHÇ°CBZTÇ° FYDMVEJOHÇ° Ç°QBSLJOHÇ°CBZTÇ°GPSÇ°TNBMMÇ°BJSDSBGU

1.4 Passenger Terminals Ç°

Ç°

5IFÇ°BJSQPSUÇ°IBTÇ° Ç°UFSNJOBMTÇ°XIJDIÇ°BSF

Ç°

Ä»Ç° %PNFTUJDÇ°1BTTFOHFSÇ°5FSNJOBMÇ°DPWFSJOHÇ° Ç°TRVBSFÇ°NFUFST

Ç°

Ä»Ç° *OUFSOBUJPOBMÇ°1BTTFOHFSÇ°5FSNJOBMÇ° Ç°DPWFSJOHÇ° Ç°TRVBSFÇ°NFUFST

Ç°

Ä»Ç° *OUFSOBUJPOBMÇ°1BTTFOHFSÇ°5FSNJOBMÇ° Ç°DPWFSJOHÇ° Ç°TRVBSFÇ°NFUFST

2. Don Mueang International Airport Development Project Phase 2 (Fiscal years 2013 - 2014) Ç° Ç°

Don Mueang International Airport handled approximately 17 million passengers per year and it is expected to serve Ç° NJMMJPOÇ° QBTTFOHFSTÇ° JOÇ° Ç° 5IFÇ° TFDPOEÇ° QIBTFÇ° PGÇ° UIFÇ° BJSQPSUÇ° EFWFMPQNFOUÇ° UIFSFGPSFÇ° GPDVTFTÇ° POÇ° DBQBDJUZÇ° FOIBODFNFOUÇ°JOÇ°PSEFSÇ°UPÇ°TVQQPSUÇ°UIFÇ°JODSFBTJOHÇ°OVNCFSÇ°PGÇ°QBTTFOHFSTÇ°GSPNÇ°DVSSFOUMZÇ° Ç°NJMMJPOÇ°QBTTFOHFST Ç°5IFÇ° plan includes:

Ç°

Ä»Ç°

*NQSPWFNFOUÇ°PGÇ°1BTTFOHFSÇ°5FSNJOBMÇ°

Ç°

Ä»Ç°

*NQSPWFNFOUÇ°PGÇ°4PVUIÇ°$PSSJEPSÇ°BOEÇ°1JFSÇ°/P Ç°

Ç°

Ä»Ç°

*NQSPWFNFOUÇ°PGÇ°UIFÇ° TUPSFZÇ°1BSLJOHÇ°#VJMEJOH

Ç°

%POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°JTÇ°DVSSFOUMZÇ°JNQSPWJOHÇ°JUTÇ°GBDJMJUJFTÇ°VOEFSÇ°UIFÇ°Å³TDBMÇ°ZFBSTÇ° Ç°BOEÇ° Ç°CVEHFU Ç° When completed, the Passenger Terminal 1 will handle internation passengers while Passenger Terminal 2 will serve EPNFTUJDÇ°QBTTFOHFST Ç°/PSUIÇ°$PSSJEPSÇ°BOEÇ°1JFSÇ° Ç°XJMMÇ°CFÇ°VTFEÇ°GPSÇ°IBOEMJOHÇ°JOUFSOBUJPOBMÇ°USBWFMFSTÇ°XIJMFÇ°1JFSÇ° Ç° Ç°BOEÇ° Ç°XJMMÇ°IBOEMFÇ°EPNFTUJDÇ°QBTTFOHFST

Ç° Ç°

Improvement of Passenger Terminal 2 for domestic passengers

Pier 5 improvement South Corridor improvement

Short-term and urgent development plan under Don Mueang International Airport Development Project Phase 2 Ç° Ç°

Phuket International Airport Development Plan "GUFSÇ°UIFÇ°Å³TDBMÇ°ZFBSÇ° Ç°XIFOÇ°UIFÇ°1IVLFUÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°%FWFMPQNFOUÇ°1SPKFDUÇ° 'JTDBMÇ°ZFBSTÇ° Ç° Ç° Ç°XBTÇ° DPNQMFUFE Ç°UIFÇ°BJSQPSUÇ°XJMMÇ°IBWFÇ°BÇ°UPUBMÇ°QBTTFOHFSÇ°IBOEMJOHÇ°DBQBDJUZÇ°PGÇ° Ç°NJMMJPOÇ°QFSÇ°ZFBSÇ°JODMVEJOHÇ° Ç°NJMMJPOÇ°JOUFSOBUJPOBMÇ°QBTTFOHFSTÇ°QFSÇ°ZFBSÇ°BOEÇ° Ç°NJMMJPOÇ°EPNFTUJDÇ°QBTTFOHFSTÇ°QFSÇ°ZFBS The short-term Phuket International Airport Development Plan or the Phuket International Airport Development Project Phase 2 was aimed to maximize the airport capacity and to ensure the balance operation of runways, taxiways, apron areas and passenger terminals so that the international passenger terminalâ&#x20AC;&#x2122;s accommodating capacity will be increased GSPNÇ° Ç°NJMMJPOÇ°QBTTFOHFSTÇ°QFSÇ°ZFBSÇ°UPÇ° Ç°NJMMJPOÇ°QBTTFOHFSTÇ°QFSÇ°ZFBS Ç°"Ç°UIPSPVHIÇ°TUVEZÇ°SFWFBMFEÇ°UIBUÇ°UIFÇ°BJSQPSUÄ´TÇ° QBTTFOHFSÇ°UFSNJOBMÇ°DBOÇ°IBOEMFÇ°VQÇ°UPÇ° Ç°NJMMJPOÇ°QBTTFOHFSTÇ°QFSÇ°ZFBS Ç°JODMVEJOHÇ° Ç°NJMMJPOÇ°JOUFSOBUJPOBMÇ°QBTTFOHFSTÇ°QFSÇ° ZFBSÇ°BOEÇ° Ç°NJMMJPOÇ°EPNFTUJDÇ°QBTTFOHFSTÇ°QFSÇ°ZFBS Ç°5IJTÇ°XPVMEÇ°DSFBUFÇ°BÇ°CBMBODFÇ°PQFSBUJPOÇ°PGÇ°UIFÇ°SVOXBZTÇ°BOEÇ°UBYJXBZTÇ° UIBUÇ°DBOÇ°IBOEMFÇ° Ç°Å´JHIUTÇ°QFSÇ°IPVSÇ°PSÇ° Ç°NJMMJPOÇ°QBTTFOHFSTÇ°QFSÇ°ZFBS Ç°8JUIÇ°UIJTÇ°DBQBDJUZ Ç°UIFÇ°BJSQPSUÇ°DBOÇ°QSPWJEFÇ°FGÅ³DJFOUÇ° service until 2020 when the airport reaches its full capacity.

Phuket International Airport Development Project Expansion of taxiway and aircraft parking area Old building turned into Domestic Passenger Terminal New Cargo Building to replace old one New Cargo Building to replace old one

New International Passenger Terminal

Phuket International Airport Building

Car Park Building Road and infrastructure systems

Fire control building moved to the north of runway

Phuket International Airport after the development project (Fiscal years 2010 - 2014) was completed

Marking improvement at parking bays

Construction of 2 remote parking bays and installation of equipment, lighting and refueling pipeline system

5IFÇ°DPOTUSVDUJPOÇ°PGÇ° Ç°SFNPUFÇ°QBSLJOHÇ°CBZTÇ°BOEÇ°USBGÅ³DÇ°MJOFÇ°ESBXJOHÇ°BUÇ°UXPÇ°BEEJUJPOBMÇ°CBZT

No. ǰ

Activity

$POTUSVDUJPOǰPGǰ3&4"ǰBUǰ3VOXBZǰ ǰIFBEǰPGǰ5BYJXBZǰ ǰMFOHUIǰ shortened by 100 metre

Extension of the head of Runway 27 by 100 metres and construction PGǰ3&4"ǰBUǰ3VOXBZǰ

ǰǰ

(MJEFǰ4MPQFǰSFMPDBUJPOǰBOEǰJNQSPWFNFOUǰPGǰUIFǰBSFBǰTVSSPVOEJOHǰ the Glide slope

Extension of Taxiway P to connect Runway 27 and Runway extension

3VOXBZǰ4USJQǰJNQSPWFNFOU

Study, Design and Improvement of Runway Strip, Runway End Safety Area (RESA) and Parallel Taxiway Expansion

A physical risk assessment study on runway end safety areas Phuket International Airport Development Plan Phase 2 International Passenger Terminal under Phuket International Airport Development Plan (Fiscal year 2010 - 2014

Domestic Passenger Terminal under Phuket International Airport Development Plan (Fiscal year 2010 - 2014

Construction of International Passenger Terminal 2

Details of Phuket International Airport Development Project Phase 2

AOT Human Resource Development "05Ç°SFPSHBOJ[FEÇ°JUTÇ°TUSVDUVSFÇ°JOÇ°0DUPCFSÇ° Ç°6OEFSÇ°UIFÇ°OFXÇ°PSHBOJ[BUJPOBMÇ°TUSVDUVSF Ç°UIFÇ°"JSQPSUÇ° Academy will take lead in human resource development. The objectives are to enhance AOTâ&#x20AC;&#x2122;s employeesâ&#x20AC;&#x2122; knowledge, skills and competency and to ensure that airport management and operations are in line with air transport standards set by domestic and international organizations, such as the Department of Civil Aviation and the International Civil Aviation Organization (ICAO) and the Federal Aviation Administration (FAA). Human resource development is also a crucial factor in empowering AOTâ&#x20AC;&#x2122;s employees with high competence and ability to drive AOT to achieve its vision within the operational framework and strategy under the AOT Strategy House. This will FOBCMFÇ° "05Ç° UPÇ° ĹłOBMMZÇ° BDIJFWFÇ° UIFÇ° TVTUBJOBCMFÇ° HSPXUIÇ° VOEFSÇ° "05Ä´TÇ° Ç° LFZÇ° PCKFDUJWFTÇ° Ç° ĹłOBODF Ç° innovation and reputation growth. Meanwhile, such development will support the 7 strategies for sustainable success, including Airport Strategic Positioning, Airport Service Capacity, Aero Business &GĹłDJFODZÇ°0SJFOUBUJPO Ç°/PO "FSPÇ°#VTJOFTT Ç°4FSWJDFÇ°0SJFOUBUJPOÇ° *OUFMMJHFOUÇ°"JSQPSU Ç°3FHJPOBMÇ°)VCÇ° and Business Development. *OÇ°UIFÇ°ĹłTDBMÇ°ZFBSÇ° Ç°"05Ç°JNQMFNFOUFEÇ°QMBOTÇ°BOEÇ°BDUJWJUJFTÇ°VOEFSÇ°UIFÇ°BOOVBMÇ°IVNBOÇ°SFTPVSDFÇ° development and the human resource management and development master plan as follows :

1. Annual Human Resource Development plan 1.1 Major courses on Airport Management and Operation : This includes Airport Operations Ç°Ç° Ç° $PVSTFÇ°GPSÇ°FNQMPZFFTÇ°MFWFMÇ° Ç° Ç° Ç°+VOJPSÇ°"JSQPSUÇ°.BOBHFNFOUÇ°GPSÇ°FNQMPZFFTÇ°MFWFMÇ° Ç° Ç° Ç° Ç° Ç° *OUFSNFEJBUFÇ°"JSQPSUÇ°.BOBHFNFOUÇ°GPSÇ°FNQMPZFFTÇ°MFWFMÇ° Ç° Ç° Ç°BOEÇ°4FOJPSÇ°"JSQPSUÇ°.BOBHFNFOUÇ° Course for employees level 6 - 7. AOT has revised its Airport Operations Course, Junior Airport Management Course and Intermediate Airport Management Course and provide e-Learning system in addition to classroom study and workshop in the provinces. Ç°

Ç°

4FOJPSÇ°"JSQPSUÇ°.BOBHFNFOUÇ°$PVSTFÇ°JTÇ°DPOEVDUFEÇ°WJBÇ°F -FBSOJOH Ç°VOEFSÇ°UIFÇ°Äś$FSUJĹłDBUFÇ° in Airport Business Operationsâ&#x20AC;? course by Airports Council International (ACI), and the airport visit where participants had an experience trip at international airports in other DPVOUSJFT Ç°*OÇ°UIJTÇ°DPVSTF Ç°QFSTPOOFMÇ°BOEÇ°HPWFSONFOUÇ°PGĹłDJBMTÇ°GSPNÇ° Ç°BHFODJFTÇ°XFSFÇ°JOWJUFEÇ° to take part, including the Department of Civil Aviation, the Civil Aviation Training Center, UIFÇ°"FSPOBVUJDBMÇ°3BEJPÇ°PGÇ°5IBJMBOEÇ°-JNJUFE Ç°UIFÇ°0GĹłDFÇ°PGÇ°5SBOTQPSUÇ°BOEÇ°5SBGĹłDÇ°1PMJDZÇ°BOEÇ° 1MBOOJOH Ç°6 5BQBPÇ°*OUFSOBUJPOBMÇ°"JSQPSU Ç°4VWBSOBCIVNJÇ°"JSQPSUÇ°MPDBMÇ°QPMJDFÇ°TUBUJPO Ç°UIFÇ° Royal Thai Air Force and the Royal Thai Army.

Ç°

Ç° Ç°

Ç°

1.2 Airport Operations Courses : Private Pilot License (PPL), Instrument Rating Ground (IRG) Ç° "OOFYÇ° Ç°BOEÇ°"OOFYÇ° Ç°BTÇ°XFMMÇ°BTÇ°"74&$Ç°*OTQFDUPST Ç°BJSQPSUÇ°JODJEFOUÇ°JOWFTUJHBUJPOÇ°BDDPSEJOHÇ°

Ç°

UPÇ°UIFÇ° .Ç°TBGFUZÇ°TZTUFN Ç°FMFDUSJDBMÇ°TZTUFNÇ°TBGFUZÇ° and Flight Line Marshaller are among other courses offered.

Istanbul Turkey, Integrated Safety Management Systems, Security Risk and Crisis Management, Airport Terminal Operations and Management at SAA Singapore, Aerodrome Inspection, Airport Operation at ICAO Incheon Airport

1.3 General Knowledge and Management Courses : Courses on Internal Control System and Risk Management, AOTâ&#x20AC;&#x2122;s operations direction under AOT Corporate Plan, State Enterprise Performance Appraisal (SEPA), diplomatic etiquette and protocol, performance management with KPI, and natural disaster, are offered.

Ç°

1. +oint courses with external organi[ations : are, for example infectious disease and terrorism preparedness seminar held by AOT in cooperation with related organizations such as the Department of Communicable Disease Control under the Ministry of Public Health, the Royal Thai Police Headquarters, the National Intelligence Agency, the Counter Terrorist Operations Center and the Department of Disaster Prevention and Mitigation under the Ministry of Interior.

1.4 Leadership Courses for Management Level : AOT offers courses like The 7 Habits of Highly Effective People, Strategic Thinking: Decoding the Future, Ç° *OĹ´VFODFS Ç° -FBEJOHÇ° $IBOHF Ç° &OHBHJOHÇ° UPEBZÇ° Professional, The Proactive Leader: Leading to Success, Systematic & Creative. 1.5 Corporate Governance Courses : Various courses are offered, such as CSR Challenge towards Ç° Sustainability. 1.6 Courses for directors and high-level executives : Director Accreditation Program, Chief of Staff Program, Royal Thai Air Force Air War College, Junior and Intermediate Transport Management Courses, Advanced Justice System Management and Corruption Protection and Suppression Management are among the courses offered. 1.7 International Courses : Courses offered are, for example, Airport Non-Aeronautical Revenues at ACI

1.9 Development programs for high potential employees are, for example the Airport Management Development Program (AMDP) jointly offered by AOT, Ç° $PNQBTTÇ°BOEÇ°$PSOFMMÇ°6OJWFSTJUZ

2. AOT Human Resources Development and Management Master Plan Considering the importance of human capital, AOT has placed high priority to human resource development. Action plan was in place to empower high potential employees with required skills to perform their duties and support the organization in achieving its vision, strategy and goals as set forth in the corporate plan.

2.1 Core 7alue Promotion Program AOT initiated the Core Value Promotion Program with an aim to promote the desired core value among Ç° its employees which will help improving the organizationâ&#x20AC;&#x2122;s competitiveness. At the same time, employees will have desired behaviors that are in Ç° line with the organizational operations as well as further develop corporate culture in line with its Ç° vision and strategy. The core values are as follows: 1) Service minded

Ç°

and human resources development departments lines. Ç°

Ç°

Ç° $P1 Ç°JOÇ° Ç°DPNQSJTJOHÇ° Ç°FNQMPZFFTÇ°JOÇ° airport operations, business development Ç°Ç° Ç° Ç° BOEÇ° NBSLFUJOH Ç° BOEÇ° QMBOOJOHÇ° BOEÇ° ĹłOBODFÇ° departments. Ç°

2) Safety & security Ç°

Ç°

Ç° 5FBNXPSL

Ç°

Ç° Ç°

Ç°

Ç° *OUFHSJUZ

AOT held the core value launch event on 1 July Ç° Ç° XIJDIÇ° JTÇ° UIFÇ° th anniversary of AOTâ&#x20AC;&#x2122; 3. establishment day. Ç° 2.2 Knowledge Management Program The Knowledge Management Program was introduced Ç°

Ç° Ç°

to promote and enhance knowledge within Ç° organization through systematic knowledge Ç° collection and storage. The Community of Practice (CoP) XBTÇ°FTUBCMJTIFEÇ°JOÇ° Ç°BOEÇ°IBTÇ°UIVTÇ°QSPEVDFEÇ° Ç° 4 classes of CoP as follows: Ç° Ç° $P1 Ç°JOÇ° Ç°DPNQSJTJOHÇ° Ç°FNQMPZFFTÇ°JOÇ° Ç° engineering and construction, information technology and communications, operations Ç°

Ç° $P1 Ç°JOÇ° Ç°DPNQSJTJOHÇ° Ç°FNQMPZFFTÇ°JOÇ° service and corporate social responsibility departments. The knowledge is collected in the Knowledge Management System (KMS) on AOTâ&#x20AC;&#x2122;s Intranet. The system comprises 21 areas of knowledge categorized by nature of work for browsing convenience.

4) Innovation Ç°

Ç° $P1 Ç°JOÇ° Ç°DPNQSJTJOHÇ° Ç°FNQMPZFFTÇ°JOÇ° safety, security, and information technology and communications departments.

Human Resource Development Outcome *OÇ° Ç° "05Ç° JOUSPEVDFEÇ° Ç° IVNBOÇ° SFTPVSDFÇ° development projects/courses with a total number PGÇ° Ç°QBSUJDJQBOUTÇ°BTÇ°EFUBJMFEÇ°CFMPXÇ° Ç° "JSQPSUÇ°.BOBHFNFOUÇ°5SBJOJOH Ç°

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ÄťÇ° 1SPKFDUT $PVSTFTÇ° Ç° Ç°QSPKFDUT

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Ç° 'VODUJPOBMÇ° Ç°0QFSBUJPOTÇ°5SBJOJOH

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ÄťÇ° 1SPKFDUT $PVSTFTÇ° Ç° Ç°QSPKFDUT

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ÄťÇ° /VNCFSÇ°PGÇ°QBSUJDJQBOUTÇ° Ç° Ç°QBSUJDJQBOUT

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ÄťÇ° 1SPKFDUT $PVSTFTÇ° Ç° Ç°QSPKFDUT

Ç°

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Occupational Health and Safety Operations

Safety, Occupational Health and Working Environment Management AOTâ&#x20AC;&#x2122;s safety and occupational health and working environment policy focuses on legal compliance, risk assessment, control, prevention and improvement. Processes are regularly reviewed to ensure constant improvement in response to current situation and legal framework and convenience in implementation to enable airports to achieve their safety goals. AOT also enhances employeesâ&#x20AC;&#x2122; knowledge and competency by providing occupational health training courses based on the legal requirement and risk factors as well as practicality. &BDIÇ°BJSQPSUÇ°IBTÇ°TQFDJĹłDÇ°VOJUÇ°SFTQPOTJCMFÇ°GPSÇ°PDDVQBUJPOBMÇ°IFBMUIÇ°BOEÇ°TBGFUZÇ°UPÇ°FOTVSFÇ°TNPPUIÇ°BOEÇ° uninterrupted operations. AOT regularly promotes occupational health and safety practice, safety monitoring and report, workplace environment monitoring, operational procedure, risk mitigation and control measures and prevention of accident from unsafe environment and operations. 0DDVQBUJPOBMÇ°)FBMUIÇ°BOEÇ°4BGFUZÇ°"TTFTTNFOUÇ°4FSJFTÇ° 0)4"4Ç° Ç° Ç°JTÇ°BOÇ°JOUFSOBUJPOBMÇ°QSBDUJDFÇ° on health and safety generally recognized by Thai and international organizations for their effectiveness in reducing accident and possible loss from accidents. Effective prevention of accident would result in reduction of medical expense related to illness and accident in workplace. At the same UJNF Ç° UIJTÇ° TZTUFNÇ° XJMMÇ° BMTPÇ° IFMQÇ° JODSFBTJOHÇ° FNQMPZFFTÄ´Ç° DPOĹłEFODFÇ° JOÇ° XPSLQMBDFÇ° TBGFUZ Ç° XIJDIÇ° EJSFDUMZÇ°BGGFDUTÇ°BOÇ°JODSFBTFÇ°PGÇ°XPSLJOHÇ°FGĹłDJFODZ Ç°"OÇ°PSHBOJ[BUJPOÇ°XJUIÇ°HPPEÇ°PDDVQBUJPOBMÇ°IFBMUIÇ° and safety practice would enhance corporate image and competitiveness in the international level as well as support the countryâ&#x20AC;&#x2122;s policy to prepare for ASEAN Economics Community integration.

To ensure that its occupational health and safety standard is generally accepted in the international level, all employees are fully aware of risk and danger in their works, and that all measures are in place to reduce and control risk at the acceptable level, AOT then has prepared the occupational IFBMUIÇ° BOEÇ° TBGFUZÇ° TZTUFNÇ° CBTFEÇ° POÇ° UIFÇ° 0)4"4Ç° Ç° HVJEFMJOF Ç°*UÇ°JTÇ°JNQMFNFOUFEÇ°JOJUJBMMZÇ°JOÇ° Ç°VOJUTÇ° IFBEÇ°PGĹłDF Ç° Phuket International Airport and Mae Fah Luang-Chiang Rai International Airport. This enables AOT to have the same occupational health and safety standard across all airports and that the safety standards are accepted by organizations in country and overseas. AOT has already passed the $FSUJĹłDBUJPOÇ°"VEJUÇ°QSPDFTTÇ°BOEÇ°JTÇ°OPXÇ°CFJOHÇ°DPOTJEFSFEÇ°CZÇ° UIFÇ°$FSUJĹłDBUJPOÇ°#PEZ

ÄťÇ° 5SBJOJOHTÇ° POÇ° UIFÇ° BSFBTÇ° UIBUÇ° BEESFTTÇ° SJTLTÇ° SFMBUFEÇ° UP works, such as risk assessment, ergonomics for workplace safety and safety in works related to electricity ÄťÇ° 5SBJOJOHTÇ°UPÇ°FOIBODFÇ°LOPXMFEHFÇ°BOEÇ°TLJMMTÇ°GPSÇ°FGĹłDJFODZ enhancement, including accident investigation and Ç° SFQPSU Ç°TBGFUZÇ°DIFDLÇ°UFDIOJRVFÇ°BOEÇ°ĹłSTUÇ°BJE In addition AOT arranged seminars and study visits for its employees to observe and learn from leading organizations of outstanding performance on safety. This activities can create employeesâ&#x20AC;&#x2122; understanding on safety in the same direction while giving them opportunity to review their work in the past years and building a safety network within and outside AOT.

"OÇ°FYIJCJUJPOÇ°PGÇ°Äś4BGFUZÇ°%BZÄˇÇ°JTÇ°POFÇ°BDUJWJUZÇ°IFMEÇ°CZÇ°"05 Ç° Safety equipment display and demonstration, knowledge Trainings, Seminars, Study Visits and Campaigns transfer, health check-up and lecture were arranged in for Occupational Health and Safety order to raise awareness on safety among its employees Occupational health and safety trainings includes and communicate the safety standard to all employees. ÄťÇ° -FHBMMZÇ°SFRVJSFEÇ°USBJOJOHT Ç°PDDVQBUJPOBMÇ°TBGFUZÇ°PGĹłDFS Moreover, AOT also held trainings for its contractors to course for supervisor, management and advanced ensure they have good understanding of AOTâ&#x20AC;&#x2122;s rules, Ç° UFDIOJDBMÇ° MFWFM Ç° 4BGFUZÇ° $PNNJUUFFÇ° $PVSTF Ç° CBTJDÇ° ĹłSF regulations and work process, enabling contractors to fully Ç°Ç° ĹłHIUJOHÇ°DPVSTF Ç°ĹłSFÇ°ESJMMÇ°BOEÇ°FWBDVBUJPOÇ°USBJOJOHT comply and to prevent possible incident or accident that may be caused by contractorsâ&#x20AC;&#x2122; operations which may have impact on AOT.

Awards and outstanding works related to safety, occupational health and working environment In 2014, AOT participated in the Outstanding Workplace Safety, Occupational Health and Working Environment held by the Department of Labour Protection and Welfare, Ministry of -BCPVS Ç°*UTÇ° Ç°VOJUTÇ° Ç°IFBEÇ°PGĹłDF Ç°1IVLFUÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° and Mae Fah Luang-Chiang Rai International Airports won the Outstanding Workplace Awards of national level for NBOZÇ° DPOTFDVUJWFÇ° ZFBST Ç° "05Ç° IFBEÇ° PGĹłDFÇ° IBTÇ° XPOÇ° UIJTÇ° BXBSEÇ°GPSÇ° Ç°DPOTFDVUJWFÇ°ZFBSTÇ° Ç° Ç° Ç°XIJMFÇ°1IVLFUÇ° International Airport has won this award for 11 consecutive years (2004 - 2014) and Mae Fah Luang-Chiang Rai International "JSQPSUÇ°IBTÇ°XPOÇ°UIJTÇ°BXBSEÇ°GPSÇ° Ç°DPOTFDVUJWFÇ°ZFBSTÇ° Ç° Ç° Ç° Participation in the competition is one of AOTâ&#x20AC;&#x2122;s efforts to promote systematic safety practice and to be in compliance with the legal requirement in order to win national level awards every year for every airport.

5PÇ°GVSUIFSÇ°JNQSPWFÇ°TBGFUZÇ°TUBOEBSE Ç°UIFÇ° Ç°VOJUTÇ°IBWFÇ°QSFQBSFEÇ° BDDPSEJOHÇ°UPÇ°UIFÇ°0)4"4Ç° Ç° Ç°BOEÇ°BMSFBEZÇ°BQQMJFEÇ° the occupational health and safety management system GPSÇ°$FSUJĹłDBUJPOÇ°"VEJUÇ°GSPNÇ° Ç° Ç° Ç°+VMZÇ° Ç° Number of years AOT won national-level Outstanding Workplace Awards

Mae Fah Luang-Chiang Rai International Airport

Head OfĹłce

Phuket International Airport

Risk Indication and Assessment

Compliance to laws related to occupational health "05Ç°IBTÇ°BÇ°TZTUFNÇ°JOÇ°QMBDFÇ°XIFSFÇ°SJTLTÇ°BSFÇ°JEFOUJĹłFEÇ°BOEÇ° and safety BTTFTTFEÇ°BDDPSEJOHÇ°UPÇ°0)4"4Ç° Ç° Ç°5IFÇ°TZTUFNÇ°DPWFSTÇ° all activities performed by AOTâ&#x20AC;&#x2122;s employees, contractors and outsourcing labor. Measures related to reduction of risks in high-risk activities/work and control of risks at the acceptable level in the medium-level risk activities/works BSFÇ°TQFDJĹłFEÇ°UPÇ°QSFWFOUÇ°SJTLTÇ°BUÇ°UIFÇ°SPPUÇ°DBVTFÇ°BOEÇ°SFEVDFÇ° possibility of risks that may happen.

A safety visit was launched at all AOTâ&#x20AC;&#x2122;s airports, focusing on legal compliance and operation control in order to reduce risks to ensure strict legal compliance and effectiveness of the risk audit in operation process and workplace and to prevent and control risks that may happen in airports. The report from the risks assessment and visits, based on legal requirement, is submitted to the direct responsible units for improvement and correction to prevent repetition to incident.

Injury Statistics from occupational accidents Injury Frequency Rate (IFR and Injury Severity Rate (ISR (cases where absences from work

Injury Frequency Rate and Injury Severity Rate are the indices for passive safety success. They indicate the number of employees injured resulting in absence from work (person/million work hours) and the number of days lost from accident (day/million work hours) respectively. In 2014, UIFSFÇ°XFSFÇ°TFSJPVTÇ°BDDJEFOUTÇ°UIBUÇ°DBVTFEÇ°BOÇ°FNQMPZFFÇ°UPÇ°TUPQÇ°XPSLJOHÇ° BTÇ°PGÇ° Ç°4FQUFNCFSÇ° Ç° *'3Ç° Ç° Ç°BOEÇ°*43Ç° Ç°

Injury Frequency Rate (person/million work hours

0.5

0.43

0.14

0.26

0.37

2011

2012

2013

2014

Year

Injury Severity Rate (day/million work hours

10 8

7.25

6 4.27

4 2 0

2011

0.87

0.39

2012

2013

2014

Year "TÇ°PGÇ° Ç°4FQUFNCFSÇ°

Aviation and Airport Safety Standards

8JUIÇ°SFTQFDUÇ°UPÇ°JUTÇ°NJTTJPOÇ°UPÇ°ÄśCFÇ°PQFSBUFEÇ°XJUIÇ°BOÇ°FYDFQUJPOBMÇ°TFSWJDFÇ°TUBOEBSEÇ°BOEÇ°SFTQPOTJCJMJUZÇ° towards the society, environment and communityâ&#x20AC;?, AOT formulated service strategy focusing on improving and developing services at 6 airports under its supervision. Considering the importance of airport operations based on the internationally accepted standards, AOT has reviewed and improved organizational structure that better addresses such strategy. The Aviation Services Standard Department was set up under the Airport and Aviation Standard Line to be responsible for overseeing airport service standard of all AOTâ&#x20AC;&#x2122;s airports and ensure they meet with the government and international standards. For airport service and aviation standards, AOT coordinates with related domestic and international organizations in adopting and applying their service standards to AOTâ&#x20AC;&#x2122;s airports in parallel to the governmentâ&#x20AC;&#x2122;s regulations. AOT also controls and directs service operations of related units both internal and external of AOTâ&#x20AC;&#x2122;s airports. Internal audit is regularly conducted to ensure that all the service standards are aligned with those set by the government and AOT. In terms of passenger and customer service, AOT gives high priority to safety, speed and convenience. Each AOT airport has a Facilitation Committee, comprising representatives from various AOT departments and public and private service providers. The committee regularly holds the NFFUJOHÇ°UPÇ°EJTDVTTÇ°QSPCMFNTÇ°BOEÇ°XBZTÇ°UPÇ°JODSFBTFÇ°TFSWJDFÇ°FGĹłDJFODZ Ç°*OGPSNBUJPOÇ°SBJTFEÇ°JOÇ°UIFÇ°

meetings is used for quality control and service improvement in terms of facilities for general customers, the disabled and the elderly to enhance travelling convenience JOÇ°EPNFTUJDÇ°BOEÇ°JOUFSOBUJPOBMÇ°Ĺ´JHIUT Ç°5IJTÇ°JODMVEFTÇ°BEWBODFÇ° passenger processing system, medical service and health procedures according to the Ministry of Public Health and the World Health Organization regulations. Regular customer satisfaction survey has been conducted to improve level of services at airports, which can better serve passengers and airport usersâ&#x20AC;&#x2122; needs while enhancing airport service competitiveness.

%FDJTJPOÇ°.BLJOHÇ° " $%. Ç°BOEÇ°"JSÇ°5SBGĹłDÇ°.BOBHFNFOU Ç°4VDIÇ° study and development not only enhances AOTâ&#x20AC;&#x2122;s ability to handle more aircraft due to the freedom of the air policy in the future but also increases satisfaction level of airport users and stakeholders.

Considering cargo and other articles, AOT makes Suvarnabhumi Airport the main cargo depot that supports national logistics system. Free zone has been established to facilitate FGĹłDJFOUÇ° HPPETÇ° USBOTQPSUÇ° BOEÇ° NBOBHFNFOU Ç° )PXFWFS Ç° unloading processes of hazardous goods, general goods, import or export goods, aircraft parts or documents must 3FHBSEJOHÇ° Ĺ´JHIUÇ° TFSWJDFT Ç° "05Ç° QSPWJEFTÇ° WBSJPVTÇ° TFSWJDFT Ç° be managed, supervised, cleared and released according such as aircraft parking areas, air navigation information to legal requirement and accepted international standard. TFSWJDFT Ç°BJSDSBGUÇ°SFTDVFÇ°BOEÇ°ĹłSFÇ°ĹłHIUJOH Ç°BJSÇ°OBWJHBUJPOÇ°BJET Ç° In addition to aviation and airport service standards BJSĹłFMEÇ°MJHIUJOHÇ°TZTUFNÇ°BOEÇ°BSFBÇ°BOEÇ°GBDJMJUZÇ°NBJOUFOBODFÇ° which are the aviation industryâ&#x20AC;&#x2122;s goal, AOT gives top that meets government and international regulations priority to safety. and standard. In addition, AOT continuously studies and EFWFMPQTÇ°BJSQPSUÇ°BOEÇ°Ĺ´JHIUÇ°TFSWJDFTÇ°UPÇ°TVQQPSUÇ°BOEÇ°QSFQBSFÇ° According to the Safety Management System, AOT has for ASEAN Economics Community integration. It is working announced the Safety Policy and Safety Objectives to provide closely with other related organizations in the country the framework for safety management and environment for and within the region to prepare for ASEAN Single Aviation the organization. This will result in and enhance attitude Market by cooperating in technical measure and standard and work culture related to safety among all employees formulation that will be implemented for management of from the management to operational levels to raise aware"05Ä´TÇ°BJSQPSUT Ç°5IJTÇ°XJMMÇ°FOIBODFÇ°BJSÇ°USBGĹłDÇ°NPWFNFOUÇ°BOEÇ° ness on rules and regulations compliance. At the same HSPVOEÇ°TFSWJDFÇ°FGĹłDJFODZÇ°BTÇ°XFMMÇ°BTÇ°TUFQÇ°VQÇ°TBGFUZÇ°TUBOEBSET Ç° time, employees will practice and embrace safety to their Among other areas of cooperation are Airport Collaborative own which later becomes the Organization Safety Culture.

"TÇ°BÇ°SFTVMU Ç°TVDIÇ°DVMUVSFÇ°XJMMÇ°TJHOJĹłDBOUMZÇ°DPOUSJCVUFÇ°UPÇ°UIFÇ° In addition, the 6 airports also conducted tabletop reduction of hazard and accident/incident in the airports exercises in cooperation with related units to ensure BTÇ°XFMMÇ°BTÇ°JODSFBTFÇ°FGĹłDJFODZÇ°JOÇ°BJSQPSUÇ°PQFSBUJPOT smooth collaboration in case of emergency, low visibility and adverse weather. AOT has introduced various safety promotion activities in order to achieve AOTâ&#x20AC;&#x2122;s safety policy. Campaigns, commu- AOT also has in place Safety Risk Management (SRM) that nications, collaborations, trainings on safety to promote JEFOUJĹłFTÇ°BOEÇ°BOBMZTFTÇ°EBOHFSTÇ°BOEÇ°SJTLTÇ°UIBUÇ°NBZÇ°BGGFDUÇ°POÇ° good understanding and awareness among employees and airport safety, and sets measures to eliminate or reduce such emergency exercise according to the airport emergency dangers and risks to the acceptable level. At the same time, plans are among activities regularly introduced. safety assurance activities are prepared, including regular assessment and internal audit on safety and standard in At AOTâ&#x20AC;&#x2122;s 6 airports, emergency exercise is performed on "05Ç°BOEÇ°FYUFSOBMÇ°VOJUTÇ°JOÇ° Ç°BSFBTÇ°BTÇ°GPMMPXTÇ° annual basis. In 2014, the exercise covered aviation safety and aviation security as required by the international 1. Airport physical standards and environment standard. The exercises comprised full-scale exercise and Ç° "JSÇ°OBWJHBUJPOÇ°BJETÇ°BOEÇ°BJSĹłFMEÇ°MJHIUJOHÇ°TZTUFN partial exercise in which both internal and external units Ç° "JSTJEFÇ°PQFSBUJPOTÇ°TUBOEBSETÇ° participated. In 2014, the exercises comprised:

Full-scale Exercise

Ç° "JSDSBGUÇ°SFTDVFÇ°BOEÇ°ĹłSFÇ°ĹłHIUJOHÇ°

1. Suvarnabhumi Airport: Aircraft Accident on Airport Ç° "JSÇ°OBWJHBUJPOÇ°JOGPSNBUJPOÇ°TFSWJDF exercise (at night) 6. Civil aviation security 2. Chiang Mai International Airport: Aircraft Accident on 7. Airport safety management system Airport exercise (at night) Ç° "JSÇ°USBOTQPSUÇ°GBDJMJUBUJPO Ç° %POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ°"JSQPSU Ç°"JSDSBGUÇ°"DDJEFOUÇ°POÇ° Although AOT has introduced various innovations to reduce Airport exercise (at night) cost of operations and services, including passengers, airport 4. Mae Fah Luang-Chiang Rai International Airport: Natural users, aircraft and goods, AOT continues to pay highest disaster exercises - earthquake and building collapse importance on service quality to meet customersâ&#x20AC;&#x2122; needs, which is one of its core values. AOT also ensures airport Partial Exercise safety management that meets the regulations set by the 1. Phuket International Airport: Natural disaster exercises government and the International Civil Aviation OrganizaÇ° Ç° UTVOBNJ Ç° BOEÇ° 6OMBXGVMÇ° TFJ[VSFÇ° Ç° BJSDSBGUÇ° TFJ[VSF tion (ICAO). These are crucial factors that make passengers, hijacking customers, airport users, stakeholders and communities 2. Hat Yai International Airport: Aircraft Accident on Airport trust AOTâ&#x20AC;&#x2122;s service and safety standard. (at night)

Airport Security Standards Civil aviation industry is likely to be threatened by the acts of unlawful interference which means any action that is aimed at jeopardizing safety and security of passengers, crew, operators and the general public using airport services. They can be actions by a group of people, such as terrorists, QSPUFTUPSTÇ°PSÇ°QFPQMFÇ°XJUIÇ°TQFDJĹłDÇ°JOUFSFTUT Ç°PSÇ°JOEJWJEVBM Ç°TVDIÇ°BTÇ°DSJNJOBMÇ°PSÇ°BÇ°QTZDIPMPHJDBMMZÇ°JMMÇ° QFSTPO Ç°5IFÇ°JODJEFOUTÇ°DBOÇ°CFÇ°VOQSFEJDUBCMFÇ°BUUBDL Ç°MJLFÇ°UIFÇ° Ç°JODJEFOUÇ°XIFSFÇ°BJSDSBGUÇ°XBTÇ°VTFEÇ° in the attack or hiding a bomb in underwear/shoes/printer ink cartridge with an aim to blast an aircraft, and an attack on the public space in an airport, such as a suicide bombing at Domodedovo "JSQPSUÇ°JOÇ°3VTTJBÇ°BOEÇ°UIFÇ°TIPPUJOHÇ°BUÇ°-PTÇ°"OHFMFTÇ°"JSQPSUÇ°JOÇ°UIFÇ°6OJUFEÇ°4UBUFT Although there is no evidence showing that Thailand is a target for such attack, AOT, as the operator of 6 international airports, is fully aware of these threats, especially terrorist attack, and their degree of seriousness and the magnitude of possible impact. Security has therefore been made one of AOT core values that all AOT employees have to pay high attention to. AOT has formulated and implemented a single security measure across all airports which are in line with the governmentâ&#x20AC;&#x2122;s regulations issued by the Department of Civil Aviation and the International Civil Aviation Organization (ICAO)â&#x20AC;&#x2122;s Annex 17 on Security Measures. Details are as follows : 1. Airport Security Program (ASP : All AOTâ&#x20AC;&#x2122;s airports have in place security plans that are compliant to the National Civil Aviation Security Program (NCASP) prepared by the Department of Civil Aviation and the ICAO Regulation- Annex 17. These measures are strictly implemented as the practice guideline for each airport. 2. Preventive Security Measures which are implemented as standard and compliant to the Annex 17. Ç° Ç°

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2.1 Measures relating to access control : AOT allocated restricted areas for security reason. Ç° 1FPQMFÇ°BOEÇ°WFIJDMFÇ°FOUFSJOHÇ°BOEÇ°MFBWJOHÇ°UIFTFÇ°BSFBTÇ°IBWFÇ°UPÇ°IBWFÇ°BÇ°TFDVSJUZÇ°QBTT Ç°4QFDJĹłDÇ° Ç° FOUSBODFÇ°BOEÇ°FYJUÇ°BSFÇ°QSFQBSFEÇ°XJUIÇ°TFDVSJUZÇ°PGĹłDJBMÇ°TUBOE CZÇ°UPÇ°DIFDLÇ°QFSTPOT Ç°CBHHBHFÇ° and vehicles. 2.2 Measures relating to aircraft : AOT arranges security service for aircraft in the airside Ç° PGÇ°UIFÇ°BJSQPSU Ç°4VGĹłDJFOUÇ°MJHIUJOHÇ°JTÇ°QSPWJEFEÇ°BMPOHÇ°UIFÇ°GFODFÇ°PGÇ°UIFÇ°BJSTJEFÇ°BOEÇ°BJSDSBGUÇ° parking. Security guards are to patrol by foot and vehicle, and control security in aircraft parking areas while closed circuit televisions are in place. Aircraft operators can also provide additional security measures at the aircraft parking area, such as inspection of the aircraft prior to departure, control over persons/vehicles that access to the aircraft parking area, and control of all the entrance and channels that will lead to the aircraft.

2.3 Measures relating to passenger and their cabin baggage : AOT provides Walk Through Metal Detector and Hand Held Metal Detector for body search. It has tightened passenger search at Suvarnabhumi Airport, Phuket International Airport and Hat Yai International Airport by using Full Body Scanner that use the state-of-the-art Advanced Imaging Technology. Hand luggage meanwhile are X-rayed and scanned using Explosive Trace Detector (ETD) to prevent weapon/hazardous items from being carried onboard.

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2.4 Measures related to hold baggage : All loaded baggage must be scanned with an X-ray machine and Explosive Trace Detector. At Suvarnabhumi Airport, the In-line Screening system using Computed Tomography X-ray (CTX), an advanced explosive trace detector technology, is installed. All baggage that are scanned will be fully protected from unlawful interference until they are onboard under supervision of airline staff, airport security Ç°Ç° PGĹłDJBMTÇ°XIPÇ°QBUSPMÇ°UIFÇ°TPSUJOHÇ°BSFBÇ°BOEÇ°DMPTFE DJSDVJUÇ°UFMFWJTJPO

Searching using In-line Screening system and CTX

Passenger search using Full Body Scanner

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2.5 Measures relating to landside : AOT provides a regular security assessment in public area, patrolling of public Ç° BSFBTÇ°CZÇ°QBUSPMÇ°PGĹłDFSTÇ°BOEÇ°WFIJDMF Ç°DMPTFEÇ°DJSDVJUÇ°UFMFWJTJPO Ç°BJSQPSUÇ°BOOPVODFNFOUÇ°XBSOJOHÇ°BJSQPSUÇ°VTFSTÇ°OPUÇ° to leave their belongings unattended and encouraging airport users to report to the airport staff when they Ç° TFFÇ° TVTQFDUFEÇ° QFSTPO UIJOHT WFIJDMFT Ç° &YQMPTJWFÇ° 0SEOBODFÇ° %JTQPTBMÇ° PGĹłDFSTÇ° BOEÇ° DBOJOFÇ° BSFÇ° SFBEZÇ° UPÇ° DIFDLÇ° objects or luggage that may contain explosive. In the future, AOT plans to install X-ray machine to scan for explosive that may be hidden in a vehicle at Hat Yai and Phuket International Airports as part of their measures to step up security measures. 2.6 Measures relating to cargo/mail and other goods : Aircraft operators provide security for catering that will be carried onboard and scan air cargo and mail using X-ray machine. This is the security control process to ensure that all stuff is checked thoroughly and protected from unlawful interference. Aircraft operators have to prepare security plans that are in line with airport security plan. AOT also provides security service in the area where airfreight, mail and catering are provided, such as entrance and exit control and area patrol, for example.

3. Information Security Measures : AOT has been working with the government and international security and intelligence organizations, such as the Counter Terrorist Operations Center, the National Intelligence Coordinating Ç° $FOUFS Ç°UIFÇ°0GĹłDFÇ°PGÇ°5SBOTQPSUÇ°4FDVSJUZÇ° 054 Ç°PGÇ°"VTUSBMJBÇ°BOEÇ°UIFÇ°5SBOTQPSUBUJPOÇ°4FDVSJUZÇ°"ENJOJTUSBUJPOÇ°PGÇ°UIFÇ° Ç° 6OJUFEÇ°4UBUFT Ç°6QEBUFEÇ°JOGPSNBUJPOÇ°SFDFJWFEÇ°XJMMÇ°CFÇ°VTFEÇ°GPSÇ°BOBMZTJTÇ°BOEÇ°BTTFTTNFOUÇ°PGÇ°SJTLTÇ°UIBUÇ°NBZÇ°PDDVSÇ°UPÇ° AOTâ&#x20AC;&#x2122;s airports. After the analysis and assessment, the screened information will be dispatched to airports for further action and improvement on security measures to better address such threats. 4. Security under Emergency 4.1 Each of AOTâ&#x20AC;&#x2122;s airports has prepared Emergency Plan and Contingency Plan based on ICAOâ&#x20AC;&#x2122;s standard. Regular exercises have been arranged as recommended by ICAO, including Full-scale Exercise, Partial Exercise and Table-top Exercise.

Emergency Exercise in the case of crowd control

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4.2 AOT has categorized preparedness plans into 4 levels in accordance with the National Security Council. Ç° 6OEFSÇ°UIFÇ°QSFQBSFEOFTTÇ°QMBO Ç°EFHSFFÇ°PGÇ°TFSJPVTOFTT Ç°PQFSBUJPOTÇ°HVJEFMJOFÇ°BOEÇ°MFWFMÇ°PGÇ°TFDVSJUZÇ°BSFÇ°DMFBSMZ stated. Each AOTâ&#x20AC;&#x2122;s airport has increased its ability and readiness to better address the assessment of risks that may happen at the airport.

5. Ç° Ç°Ç° Ç°Ç°

Aviation Security Quality Control : AOT has prepared aviation security quality control plan and designated SFTQPOTJCMFÇ° EFQBSUNFOUTÇ° BOEÇ° QFSTPOTÇ° JOÇ° BDDPSEBODFÇ° XJUIÇ° UIFÇ° JOUFSOBUJPOBMÇ° TUBOEBSETÇ° BOEÇ° UPÇ° FOTVSFÇ° FGÅ³DJFODZ "GUFSÇ°UIFÇ°QMBOTÇ°BSFÇ°JOUSPEVDFE Ç°"05Ç°IBTÇ°BÇ°SFHVMBSÇ°TVSWFZ Ç°TQFDJÅ³DÇ°JOTQFDUJPO Ç°BOEÇ°FOUJSFÇ°TFDVSJUZÇ°TZTUFNÇ°BVEJUÇ°BOE UFTU Ç°8FBLOFTTÇ°BOEÇ°MPPQIPMFTÇ°GPVOEÇ°BSFÇ°VTFEÇ°GPSÇ°TZTUFNÇ°JNQSPWFNFOUÇ°JOÇ°PSEFSÇ°UPÇ°JODSFBTFÇ°BJSQPSUÇ°TFDVSJUZÇ°FGÅ³DJFODZ

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In addition to security quality control, AOTâ&#x20AC;&#x2122;s airports have been regularly inspected and checked for security standard CZÇ°*$"0Ç°VOEFSÇ°UIFÇ°6OJWFSTBMÇ°4FDVSJUZÇ°"VEJUÇ°1SPHSBNNFÇ° 64"1 Ç°BOEÇ°5IBJMBOEÄ´TÇ°%FQBSUNFOUÇ°PGÇ°$JWJMÇ°"WJBUJPO

6. Aviation Security Training : AOT highly values the development of people who are involved in security control Ç° CFDBVTFÇ°UIFZÇ°NVTUÇ°IBWFÇ°UIFÇ°TQFDJÅ³DÇ°LOPXMFEHF Ç°BCJMJUZÇ°BOEÇ°TLJMMTÇ°UPÇ°QFSGPSNÇ°UIFJSÇ°EVUJFT Ç°5PÇ°FOTVSFÇ°UIFJSÇ°DBQBCJMJUZÇ° and support AOTâ&#x20AC;&#x2122;s competitiveness when ASEAN Economics Community integration is effective, AOT has prepared Ç° BOEÇ° QSPWJEFEÇ° TFDVSJUZÇ° TUBOEBSEÇ° USBJOJOHTÇ° DVSSJDVMVN Ç° XIJDIÇ° BSFÇ° DFSUJÅ³FEÇ° CZÇ° BOEÇ° JOÇ° MJOFÇ° XJUIÇ° UIFÇ° SFHVMBUJPOTÇ° POÇ° aviation security as set by the Department of Civil Aviation and ICAOâ&#x20AC;&#x2122;s training guidelines. Such trainings include initial, recurrent and on-the-job trainings. Ç°

In addition to AOTâ&#x20AC;&#x2122;s personnel development, AOT has initiated various programs to inspire cooperation on security BNPOHÇ° TFDVSJUZÇ° PGÅ³DFSTÇ° PGÇ° "05Ç° BOEÇ° WBSJPVTÇ° VOJUT BJSQPSUÇ° PQFSBUPST Ç° 5IFÇ° QSPHSBNTÇ° BSFÇ° BJNFEÇ° BUÇ° SBJTJOHÇ° TFDVSJUZÇ° awareness and promoting security partnership.

7. AOT established the working committee on AOT Strategy House to promote security practice that is the Ç° GPVOEBUJPOÇ°PGÇ°"05Ç°4USBUFHZÇ°)PVTFÇ°BOEÇ°UPÇ°FOIBODFÇ°DPOUSPMÇ°FGÅ³DJFODZ Ç°5IFÇ°XPSLJOHÇ°DPNNJUUFFÇ°JTÇ°SFTQPOTJCMFÇ°GPSÇ° testing the security measures, overseeing on-the-job-trainings for airport staff members responsible for searching and security protection, and inspecting and preparing additional security announcement in AOTâ&#x20AC;&#x2122;s airports that are not initially included in the annual operations plan.

Environmental Operations 1. Environmental Operations Overview

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AOT places great emphasis on environmental care in the operations of its 6 international airports, namely Suvarnabhumi, Don Mueang, Chiang Mai, Mae Fah Luang-Chiang Rai, Phuket and Hat Yai. AOT also recognises its responsibility to preserve, improve and protect the environment as well as minimise the environmental impacts on the communities surrounding UIFÇ°BJSQPSUT Ç°"MMÇ° Ç°BJSQPSUTÇ°IBWFÇ°HPPEÇ°FOWJSPONFOUBMÇ°NBOBHFNFOUÇ°JODMVEJOHÇ°FGÅ³DJFOUÇ°XBTUFXBUFSÇ° treatment and hygienic waste management systems. Suvarnabhumi Airport, in particular, has CFFOÇ°BDDPSEFEÇ°UIFÇ°*40Ç° Ç°*40Ç° Ç°BOEÇ°*40Ç° Ç°DFSUJÅ³DBUJPOTÇ°GPSÇ°JUTÇ°XBTUFXBUFSÇ°USFBUNFOUÇ° system, water supply system, and water pumping and drainage stations.

2. Mitigation of Noise Impacts at Suvarnabhumi Airport Ç° Ç° Ç°

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"05Ä´TÇ° NFBTVSFTÇ° UPÇ° NJUJHBUFÇ° OPJTFÇ° JNQBDUTÇ° BDDPSEJOHÇ° UPÇ° UIPTFÇ° TQFDJÅ³FEÇ° JOÇ° UIFÇ° BEEJUJPOBMÇ° Environmental Impact Assessment (EIA) report (and due to a growing number of passengers JOÇ°UIFÇ°Å³STUÇ°ZFBSÇ°PGÇ°JUTÇ°PQFSBUJPO Ç°XIJDIÇ°XBTÇ°BQQSPWFEÇ°CZÇ°UIFÇ°/BUJPOBMÇ°&OWJSPONFOUÇ°#PBSEÇ°POÇ° Ç°.BSDIÇ° Ç°BOEÇ°UIFÇ°$BCJOFUÇ°SFTPMVUJPOTÇ°POÇ° Ç°.BZÇ° Ç°BOEÇ° Ç°"VHVTUÇ° Ç°"05Ç°JTTVFEÇ° a summary report of its operating progress as follows : 2.1 A total of 640 buildings and properties built before 2001 were affected by noise with an NEF above 40. AOT has negotiated with the building owners to purchase both land Ç° QMPUTÇ°BOEÇ°DPOTUSVDUJPOT Ç°XJUIÇ°UIFÇ°SJHIUTÇ°PGÇ°USBOTGFSÇ°PGÇ° Ç°CVJMEJOHT Ç°XPSUIÇ° Ç°NJMMJPO Ç°Ç° #BIUÇ° BDDPVOUJOHÇ°GPSÇ° Ç°'PSÇ°UIPTFÇ°CVJMEJOHÇ°PXOFSTÇ°XIPÇ°EPÇ°OPUÇ°XBOUÇ°UPÇ°TFMM Ç°"05Ç°XJMMÇ° Ç° PGGFSÇ°Å³OBODJBMÇ°TVQQPSUÇ°GPSÇ°JNQSPWFNFOUÇ°PGÇ°UIFÇ°CVJMEJOHTÇ°CBTFEÇ°POÇ°CVJMEJOHÇ°JNQSPWFNFOUÇ° criteria for reducing noise impact, in line with the result of a study by the National Institute Ç° PGÇ° %FWFMPQNFOUÇ° "ENJOJTUSBUJPOÇ° /*%" Ç° "05Ç° IBTÇ° BMSFBEZÇ° DPOUSJCVUFEÇ° Å³OBODJBMÇ° TVQQPSUÇ° Ç° UPÇ° Ç° CVJMEJOHTÇ° GPSÇ° TVDIÇ° JNQSPWFNFOUTÇ° BUÇ° UIFÇ° WBMVFÇ° PGÇ° Ç° NJMMJPOÇ° #BIUÇ° Ç° BDDPVOUJOHÇ°GPSÇ° Ç° 5IFSFÇ°XFSFÇ° Ç°CVJMEJOHTÇ°PSÇ°QSPQFSUJFTÇ°CVJMUÇ°CFGPSFÇ° Ç°XJUIÇ°/&'Ç°PGÇ°CFUXFFOÇ° Ç° Ç° Ç° Ç° "05Ç°QSPWJEFEÇ°Å³OBODJBMÇ°TVQQPSUÇ°UPÇ°UIFÇ°PXOFSTÇ°GPSÇ°JNQSPWFNFOUÇ°PGÇ°UIFÇ°CVJMEJOHTÇ°CBTFEÇ° on building improvement criteria for reducing noise impact, in line with the result of a study by the National Institute of Development Administration (NIDA). To date, AOT has Ç° TVQQPSUFEÇ° Ç°CVJMEJOHTÇ°XPSUIÇ° Ç°NJMMJPOÇ°#BIUÇ° BDDPVOUJOHÇ°GPSÇ° Ç°"05 will continue this operation until compensation is completed. Ç° "05Ç° QSPWJEFEÇ° Å³OBODJBMÇ° TVQQPSUÇ° GPSÇ° Ç° TFOTJUJWFÇ° BSFBTÇ° BGGFDUFEÇ° CZÇ° OPJTFÇ° JODMVEJOHÇ° Ç° FEVDBUJPOBMÇ°JOTUJUVUFT Ç°IPTQJUBMTÇ°BOEÇ°UFNQMFT Ç°XPSUIÇ° Ç°NJMMJPOÇ°#BIU

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In addition, AOT monitored and assessed noise impact and air quality both inside and around communities TVSSPVOEJOHÇ°4VWBSOBCIVNJÇ°"JSQPSU Ç°"05Ç°UPPLÇ°NFBTVSFNFOUTÇ°BSPVOEÇ°UIFÇ°DMPDLÇ°VTJOHÇ° Ç°TUBUJPOTÇ°UPÇ°NFBTVSFÇ°- , Leq 24 hrs, Lmax and Ldn. Moreover, PM 10, NOx, CO, and THC-NMHC are measured by 1 mobile air quality measurement station and meteorological information.

3. Suvarnabhumi Airport Carbon Footprint Study Ç°

"JSQPSUÇ°$BSCPOÇ°"DDSFEJUBUJPOÇ°XBTÇ°FTUBCMJTIFEÇ°CZÇ°UIFÇ°"JSQPSUTÇ°$PVODJMÇ°*OUFSOBUJPOBMÇ°&VSPQFÇ° "$*Ç°&6301& Ç°*UÇ°FODPVSBHFTÇ° airports to measure carbon emission and introduce effective energy management system to reduce carbon emission. The initiative is the way to express the airportâ&#x20AC;&#x2122;s responsibility towards impact on the environment and society that may be caused by airport operations due to the rising global awareness on global warming.

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"05Ç°Å³STUÇ°JOUSPEVDFEÇ°UIFÇ°"JSQPSUÇ°$BSCPOÇ°"DDSFEJUBUJPOÇ°QSPHSBNÇ°JOÇ° Ç°BOEÇ°XBTÇ°IJHIMZÇ°TVDDFTTGVMÇ°BTÇ°JUÇ°XBTÇ°SFDPHOJ[FEÇ° CZÇ°"JSQPSUÇ°$PVODJMÇ°*OUFSOBUJPOBMÇ°GPSÇ°UIFÇ°Å³STUÇ°MFWFMÇ°PGÇ°Ä¶.BQQJOHÄ·Ç°QSBDUJDFÇ°POÇ° Ç°'FCSVBSZÇ° Ç°BOEÇ°UIFÇ°TFDPOEÇ°MFWFMÇ° PGÇ°Ä¶3FEVDUJPOÄ·Ç°QSBDUJDFÇ°POÇ° Ç°+BOVBSZÇ°

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Don Mueang International Airport, Chiang Mai International Airport, Mae Fah Luang-Chiang Rai International Airport BOEÇ°)BUÇ°:BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°XFSFÇ°BMTPÇ°WFSZÇ°TVDDFTTGVMÇ°BOEÇ°XFSFÇ°SFDPHOJ[FEÇ°BUÇ°UIFÇ°Ä¶.BQQJOHÄ·Ç°MFWFMÇ°POÇ° Ç°"VHVTUÇ° 2014. According to ACIâ&#x20AC;&#x2122;s regulations, all airports receiving recognition in all levels shall regularly prepare carbon footprint on annual basis. Phuket International Airport, however, has not yet participated in the accreditation program because it was under construction according to its airport development plan. 1BSUJDJQBUJPOÇ°JOÇ°UIFÇ°"JSQPSUÇ°$BSCPOÇ°"DDSFEJUBUJPOÇ°QSPHSBNÇ°XJMMÇ°ZJFMEÇ°NBOZÇ°CFOFÅ³UTÇ°GPSÇ°BJSQPSUT Ç°&GGFDUJWFÇ°FNJTTJPOÇ° and energy consumption reduction affect directly to cost reduction and good corporate image related to environmental and social responsibility, which are crucial parts of the good corporate governance practice.

4. Hearing Ability Check-up in Noise-Affected Communities Surrounding Suvarnabhumi Airport

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AOT held the 2014 annual hearing ability check for those affected by noise from Suvarnabhumi Airport operations. The check-up was held in 27 communities in Khlong Sam Pravet and Lat Krabang Subdistricts in Lat Krabang District, Saen Saeb Subdistrict in Minburi District in Bangkok, and communities in Srisa Chorakhae Noi Subdistrict in the Bang Sao Thong District, Rajadeva Subdistrict, Bang chalong Subdistrict, Bang Pla Subdistrict and Bang Phli Yai Subdistrict in Bang Phli District, Samut Prakarn. The check-up service was also conducted in 10 schools that have experienced OPJTFÇ°JNQBDUÇ°GSPNÇ°UIFÇ°BJSQPSU Ç°5IFÇ°QSPKFDUÇ°DPWFSFEÇ°BÇ°UPUBMÇ°PGÇ° Ç°QBSUJDJQBOUT Ç°4JNJMBSÇ°BDUJWJUJFTÇ°XFSFÇ°BMTPÇ°MBVODIFEÇ° at Chiang Mai International Airport and Phuket International Airport.

5. Food Sanitation Ç° Ç° Ç° Ç°

5PÇ°FOTVSFÇ°UIBUÇ°QBTTFOHFST Ç°BJSQPSUÇ°VTFSTÇ°BOEÇ°BJSQPSUÇ°PQFSBUPSTÇ°JOÇ°UIFÇ°BJSQPSUTÇ°IBWFÇ°GVMMÇ°DPOÅ³EFODFÇ°JOÇ°UIFÇ°RVBMJUZ Ç° TBGFUZÇ°BOEÇ°DMFBOMJOFTTÇ°PGÇ°GPPEÇ°TPMEÇ°JOÇ°UIFÇ°BJSQPSU Ç°4VWBSOBCIVNJÇ°"JSQPSUÇ°JOÇ° Ç°FODPVSBHFEÇ° Ç°SFTUBVSBOUTÇ°JOÇ°UIFÇ° passenger terminal to participate in the Clean Food Good Taste Project under the standard of the Department of )FBMUI Ç°.JOJTUSZÇ°PGÇ°1VCMJDÇ°)FBMUI Ç°5IFÇ°4BNVUÇ°1SBLBSOÇ°1SPWJODJBMÇ°)FBMUIÇ°0GÅ³DFÇ°IFMQFEÇ°BTTFTTJOHÇ°GPPEÇ°RVBMJUZÇ°BOEÇ° TBGFUZÇ°BOEÇ°HSBOUFEÇ°DFSUJÅ³DBUJPOÇ°UPÇ° Ç°SFTUBVSBOUT Ç°5IFÇ°QSPHSBNÇ°XJMMÇ°CFÇ°GVSUIFSÇ°FYQBOEFEÇ°BOEÇ°JOUSPEVDFEÇ°BUÇ°PUIFS AOTâ&#x20AC;&#x2122;s airports in the near future.

Corporate Social Responsibility

5ISPVHIPVUÇ°UIFÇ°QBTUÇ° Ç°ZFBST Ç°"05Ç°IBTÇ°CFFOÇ°TUSPOHMZÇ°DPNNJUUFEÇ°UPÇ°PQFSBUFÇ°XPSME DMBTTÇ°BJSQPSUTÇ° with passion for excellent services as well as responsible towards the society, communities and environment under sustainable development framework along with good corporate governance and transparency practices according to AOT corporate plan (2010 - 2014) and AOT Corporate 4PDJBMÇ°3FTQPOTJCJMJUZÇ°.BTUFSÇ°1MBOÇ° Ç° Ç° Ç°VOEFSÇ°UIFÇ°DPODFQUÇ°PGÇ°Äś"JSÇ°1SFWFOUJPOÄˇÇ°JODMVEJOHÇ° Ç°TUSBUFHJFTÇ° Ç°Äś/JDFÇ°1FPQMFÇ°/JDFÇ°"JSÄˇ Ç°Äś$MFBOÇ°"JSÄˇÇ°BOEÇ°Äś%FFQÇ°#SFBUIJOHÄˇ

Strategy 1 : â&#x20AC;&#x153;Nice People, Nice Airâ&#x20AC;? Äś/JDFÇ°1FPQMF Ç°/JDFÇ°"JSÄˇÇ°QSPHSBN Ç°JOUSPEVDFEÇ°BUÇ°CPUIÇ°DPNNVOJUZÇ°BOEÇ°OBUJPOBMÇ°MFWFMT Ç°BSFÇ°EFTJHOFEÇ° to develop people and community across all areas, ranging from education to art, culture, religion and sports. Äť Educational Development Project for Border Patrol Police School.Ç°*OÇ°UIFÇ° Ç°ĹłTDBMÇ°ZFBS Ç° Ç° "05Ç°QSPWJEFEÇ°ĹłOBODJBMÇ°TVQQPSUÇ°UPÇ° Ç°TDIPPMT Ç°OBNFMZÇ° Ç°""5Ç°#PSEFSÇ°1BUSPMÇ°1PMJDFÇ°4DIPPMÇ°JOÇ° Celebration of H.M. the Kingâ&#x20AC;&#x2122;s 6thÇ°$ZDMFÇ°#JSUIEBZÇ°"OOJWFSTBSZÇ°POÇ° Ç°%FDFNCFSÇ° Ç°JOÇ°#BBOÇ°*KBSEB Ç° Ç° 3VTPI Ç°/BSBUIJXBUÇ°1SPWJODF Ç° Ç°""5Ç°#PSEFSÇ°1BUSPMÇ°1PMJDFÇ°4DIPPMÇ°JOÇ°$FMFCSBUJPOÇ°PGÇ°) 3 ) Ç°1SJODFTT Ç° 4SJOBHBSJOESBÄ´TÇ° $FOUFOBSZÇ° JOÇ° #BBOÇ° 5IBWPSOQBOB Ç° %POHÇ° -VBOHÇ° %JTUSJDU Ç° .VLEBIBOÇ° 1SPWJODF Ç° Ç° Ç°""5Ç°#PSEFSÇ°1BUSPMÇ°1PMJDFÇ°4DIPPMÇ°JOÇ°$FMFCSBUJPOÇ°PGÇ°) 3 ) Ç°1SJODFTTÇ°.BIBÇ°$IBLSJÇ°4JSJOEIPSOÄ´T 4thÇ°$ZDMFÇ°#JSUIEBZÇ°"OOJWFSTBSZÇ°POÇ° Ç°"QSJMÇ° Ç°JOÇ°#BBOÇ°/BÇ°5P Ç°.BFÇ°'BIÇ°-VBOHÇ°%JTUSJDU Ç°$IJBOHÇ°3BJÇ° Ç° 1SPWJODF Ç° Ç°"05Ç°#BBOÇ°)BOHÇ°.BFXÇ°#PSEFSÇ°1BUSPMÇ°1PMJDFÇ°4DIPPMÇ°JOÇ°$FMFCSBUJPOÇ°PGÇ° th Year Ç° PGÇ° 1BUSPOBHFÇ° JOÇ° ,BFOHÇ° )BOHÇ° .BFXÇ° %JTUSJDU Ç° $IBOUIBCVSJÇ° 1SPWJODF Ç° Ç° #PSEFSÇ° 1BUSPMÇ° 1PMJDF School in Celebration of H.M. the Kingâ&#x20AC;&#x2122;s 7th Cycle Birthday Anniversary in Baan Mong Kua,

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6NQIBOHÇ°%JTUSJDU Ç°5BLÇ°1SPWJODF Ç°BOEÇ° Ç°#PSEFSÇ°1BUSPMÇ° Police School in Celebration of H.M. the Kingâ&#x20AC;&#x2122;s 7th Cycle Birthday Anniversary in Baan Pae, Mae Lamat District, Tak Province. Considering their locations in remote areas, AOT allocated budget to support the schools in various areas, including scholarships, buildings, teachersâ&#x20AC;&#x2122; accommodation, accommodations for students from faraway villages and nursery buildings. AOT has provided ĹłOBODJBMÇ°TVQQPSUTÇ°UPÇ°UIFTFÇ°TDIPPMTÇ°TJODFÇ° Ç°&BDIÇ°ZFBS Ç° AOTâ&#x20AC;&#x2122;s executives and employees would visit these schools to follow up the schoolsâ&#x20AC;&#x2122; progress and donate more educational equipments. Considering that education is crucial to childrenâ&#x20AC;&#x2122;s future success, AOT has committed and will continue to support these projects in the long run. Buddhist Lent Candle 2014 : AOT has supported communities surrounding its headquarters and Don Mueang International Airport in promoting Thai culture and tradition. Prior to the Buddhist Lent Day, AOTâ&#x20AC;&#x2122;s President led a team of management to bring wax candles, cloth and other necessities to present to the monks at Wat Don Mueang, a spiritual center for people living in Don Mueang area.

Strategy 2 : â&#x20AC;&#x153;Clean Airâ&#x20AC;? Äś$MFBOÇ° "JSÄˇÇ° JTÇ° UIFÇ° BDUJWJUJFTÇ° BUÇ° OBUJPOBMÇ° BOEÇ° DPNNVOJUZÇ° level that place importance on environmental conservation both to improve the environment and to ensure clean air for communities and society. AOT recognises the need to reduce global warming and use the natural resources with increased awareness. The major activities are as follows : Äť Enhancement of Strengths to Reduce Ha[e and Open Burning Project : AOT teamed up with the Pollution Control Department under the Ministry of Natural

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Resources and Environment to reduce such haze in the northern region caused by open burning. In 2014, "05Ç°GVOEFEÇ°BÇ°UPUBMÇ°PGÇ° Ç°WJMMBHFTÇ°JOÇ°$IJBOHÇ°3BJÇ°XIFSFÇ° an AOTâ&#x20AC;&#x2122;s airport is situated, consisting of 6 former villages BOEÇ° Ç°BEEJUJPOBMÇ°POFT Ç°5IFÇ°ĹłSTUÇ° Ç°WJMMBHFTÇ°GVOEFEÇ°CZÇ° AOT are Pa Chan Village, Doi Ku Bia Community, Pa Sang Pattana Village, Pa Ngae Village, Mae Hang Nua Village BOEÇ°3POHÇ°/PUÇ°7JMMBHF Ç°5IFÇ°BEEJUJPOBMÇ° Ç°WJMMBHFTÇ°BSFÇ°4BOÇ° Ma Khet Village, Ban San Khi Lek, Ban Thoong Marn Nua, Ban Pa San, Ban Hua Fai Pattana, Ban Thoong Marn, Ban Mai Charoen, Ban Wiang Ka Long and Ban Dong. .PSFPWFS Ç° "05Ç° JOJUJBUFEÇ° UIFÇ° Äś1MBOUJOHÇ° UIFÇ° 'PSFTUÇ° UPÇ° &OIBODFÇ°$PNNVOJUZÇ°XJUIPVUÇ°'JSFÄˇÇ°GPSÇ° Ç°DPOTFDVUJWFÇ° years in the community of Pa Jan Village, Doi Ku Bia Community, Pa Ngae Village and Pa Sang Pattana Village. 6OEFSÇ°UIJTÇ°QSPKFDU Ç°"05Ç°FNQMPZFFTÇ°PGÇ°.BFÇ°'BIÇ°-VBOHÇ° Ç° Chiang Rai International Airport, communities, government agencies, teachers and students in Wiang Pa Pao District QMBOUFE Ç°USFFTÇ°POÇ° SBJÇ°GPSFTUÇ°BSFBÇ°QFSÇ°DPNNVOJUZ

Strategy 3 : â&#x20AC;&#x153;Deep Breathingâ&#x20AC;? This internal social responsibility campaign was introduced to allow its employees to embrace social responsibility spirit to their own. Äť 7olunteers for Mangrove Forest Planting Project : The project was initiated to preserve the natural resources and environment as well as raise awareness in social contribution among AOTâ&#x20AC;&#x2122;s staff members and encourage them to take part as volunteers. AOT, led by Ç°Ç° "05Ç°1SFTJEFOU Ç°MFEÇ°BÇ°UFBNÇ°PGÇ° Ç°QFPQMF Ç°DPNQSJTJOHÇ°"05Ç° management and employees, Samut Prakarn government Ç° PGĹłDJBMT Ç°UFBDIFSTÇ°BOEÇ°TUVEFOUTÇ°JOÇ°UIFÇ°TVSSPVOEJOHÇ°BSFBTÇ° Ç° BOEÇ°FNQMPZFFTÇ°BUÇ°"05Ä´TÇ°IFBEÇ°PGĹłDFÇ°BOEÇ°4VWBSOBCIVNJÇ° Ç° "JSQPSUÇ°UPÇ°QMBOUÇ° Ç°TFFEMJOHTÇ°PGÇ°"WJDFOOJBÇ° 4BNBF Ç° and Rhizophora (Kong Kang) at the Bang Pu Nature

Education Centre in Bang Pu Mai, Mueang, Samut Prakarn, the province in which Suvarnabhumi Airport is located. Äť Elderly Day :Ç°"05Ç°FYFDVUJWFTÇ°BOEÇ°PGĹłDFSTÇ°WJTJUFEÇ°#BOHLIBFÇ° Social Welfare Development Centre for Older Persons to host lunch and donate supplies to the elderly residents. Ç° *OÇ° Ç°BÇ°UPUBMÇ°PGÇ° Ç°"05Ç°FYFDVUJWFTÇ°BOEÇ°PGĹłDFSTÇ°MFEÇ° by the President participated in this activity. Based on its commitment to operate airport business and take care of society and environment in parallel, AOT has assured that all 6 airports adopt social contribution activities. In 2014, 6 airports of AOT organized activities that QSPNPUFÇ°HPPEÇ°DPSQPSBUFÇ°VOJUZÇ°UISPVHIÇ°UIFÇ°Äś/JDFÇ°1FPQMF Ç° Nice Airâ&#x20AC;? project which were Äť Green Airport, Green Community : The project is Ç° CBTFEÇ°POÇ°ÄśIBQQZÇ°DPNNVOJUZ Ç°IBQQZÇ°BJSQPSUÄˇÇ°DPODFQU Ç° The program focuses on environmental development in Ç° DPNNVOJUJFTÇ°JOÇ°PSEFSÇ°UPÇ°SFĹ´FDUÇ°UIFÇ°SFTQPOTJCJMJUZÇ°UPXBSETÇ° the environment and society as well as create good relations with communities surrounding airports for AOTâ&#x20AC;&#x2122;s strong image. The programs introduced by 6 airports included : Ç° Ç° 4VWBSOBCIVNJÇ°"JSQPSUÇ° Ç°ÄśBang Phli Elderly Community Parkâ&#x20AC;? project was introduced in Samut Prakarn Ç° Ç° 1SPWJODF Ç°5IFÇ°DPNNVOJUZÇ°QBSLÇ°BOEÇ°PVUEPPSÇ°ĹłUOFTTÇ° equipment were improved for the Bang Phli Municipality. Elderly club of approximately 700 persons Ç° Ç° GSPNÇ° Ç°DPNNVOJUJFTÇ° Ç°-VBOHÇ°1IPÇ°5P Ç°5IBSB Ç°,POHLBSPN Ç° Samakki Ruam Jai Pattana, Pratu Nam, Pattana, Rak Pracha and Prasan Samphan, have access to the Ç° Ç° QBSLÇ°BOEÇ°UIFÇ°ĹłUOFTTÇ°FRVJQNFOU Ç°5IFÇ°QSPKFDUÇ°JTÇ°UPÇ° raise awareness on the importance of the elderly. 2. Don Mueang International Airport : â&#x20AC;&#x153;Cycling for Mitigation of Air Pollutionâ&#x20AC;? project called for Don Ç° Ç° .VFBOHÇ° *OUFSOBUJPOBMÇ° "JSQPSUÇ° PGĹłDFST Ç° BJSMJOFT Ç° government agencies operating in the airport, the general public and students from schools in the airport surrounding areas to joinly ride the bicycles for air pollution reduction and health promotion. Ç° Ç° $IJBOHÇ°.BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Ç°5IFÇ°â&#x20AC;&#x153;3rd Forest Conservation and Environment Development in honor of Her Majesty the Queenâ&#x20AC;? was continued in the past year. The project followed Her Majesty the Queenâ&#x20AC;&#x2122;s forest preservation idea and invited the general public to participate in forest and environ-

ment preservation at Nam Bor Luang Subdistrict in San Pa Tong, Chiang Mai, the last forest area near the airport. 4. Mae Fah Luang - Chiang Rai International Airport : â&#x20AC;&#x153;Toxin Residue in Blood Screening Projectâ&#x20AC;? and the â&#x20AC;&#x153;Community Sports Ground Development Projectâ&#x20AC;? were introduced to promote health and quality of life of people living in the communities near the airport. Ç° Ç° 1IVLFUÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ° Ç°â&#x20AC;&#x153;Phuket Airport cares for Community Healthâ&#x20AC;? activity provided hearing ability test and exercise advice given to people living in 6 communities surrounding the airport, including Laem Sai, Mark Prok, Ban Bor Sai, Ban Saku, Ban Mai Khao and Ban Kho En. 6. Hat Yai International Airport : â&#x20AC;&#x153;Hat Yai International Airportâ&#x20AC;&#x2122;s Green Park for Health and Environment Projectâ&#x20AC;? was designed to promote health and the Ç° Ç°Ç° FOWJSPONFOU Ç°6OEFSÇ°UIJTÇ°QSPKFDU Ç°DPNNVOJUZÇ°QBSL Ç° Ç°Ç° XJUIÇ° ĹłUOFTTÇ° FRVJQNFOUÇ° XFSFÇ° EFWFMPQFEÇ° GPSÇ° UIFÇ° Ç° Ç° TVSSPVOEJOHÇ°DPNNVOJUJFTÇ°JOÇ°Ç° Ç°4VCEJTUSJDUTÇ°JOÇ°,IMPOH Hoi Khong District. Äť AOT 7olunteer Project : This project has been provided Ç° CBTJDÇ°ĹłSFÇ°ĹłHIUJOHÇ°USBJOJOHÇ°GPSÇ°UIFÇ°TVSSPVOEJOHÇ°DPNNV Ç° OJUJFTÇ°TJODFÇ° Ç°"05Ä´TÇ°PGĹłDFSTÇ°WPMVOUFFSFEÇ°UPÇ°CFÇ°UIFÇ° coaches who teach and transfer experience on basic Ç° SFTDVFÇ°BOEÇ°ĹłSFÇ°ĹłHIUJOHÇ°UPÇ°QFPQMFÇ°JOÇ°DPNNVOJUJFTÇ°BOEÇ° educational institutes near the airport. Those who participated in this training will have basic knowledge and Ç° BSFÇ°QSFQBSFEÇ°UPÇ°IBOEMFÇ°FNFSHFODZ Ç°FTQFDJBMMZÇ°ĹłSF Ç°UPÇ° protect their communities and lives. Äť Youth Football Match : This project encourages young people in high schools near 6 AOT airports to play sports for good health and unity. In 2014, AOT began to introduce CSR in process by training JUTÇ°PGĹłDFSTÇ°SFTQPOTJCMFÇ°GPSÇ°$43Ç°BDUJWJUJFTÇ°BOEÇ°UIFÇ°SFMBUFEÇ° OFUXPSLÇ°UISPVHIÇ°UIFÇ°Äś$43Ç°$IBMMFOHFÇ°UPXBSETÇ°4VTUBJOBCJMJUZÄˇ Ç° The project will later be further expanded throughout the entire organization. AOT also prepares the Corporate Social 3FTQPOTJCJMJUZÇ°.BTUFSÇ°1MBOÇ° Ç° Ç° Ç° TFDPOEÇ°JTTVF Ç°BOEÇ° the 2014 AOT Annual Corporat Social Responsibility Report that put the focus on the continual social responsibility for parallel sustainable growth of its business and communities.

Community Relations Activities Suvarnabhumi Airport Suvarnabhumi Airport has a policy to operate its business with good corporate governance practice. Being part of the surrounding communities, Suvarnabhumi Airport has participated in the development of society and economy of the TVSSPVOEJOHÇ°DPNNVOJUJFTÇ°UISPVHIÇ°WBSJPVTÇ°BDUJWJUJFTÇ°UIBUÇ°QSPNPUFÇ°UIFJSÇ°EFWFMPQNFOUÇ°BOEÇ°QVCMJDÇ°CFOFĹłUTÇ°DPOUJOVBMMZ Ç°*UÇ° encourages all concerned parties to participate in social development in order to drive stable and sustainable growth of the society in parallel to the airport business progress. Target communities of Suvarnabhumi Airport included Ç°DPNNVOJUJFTÇ°TVSSPVOEJOHÇ°UIFÇ°BJSQPSU Ç°HPWFSONFOUÇ°BHFODJFT Ç°TVDIÇ°BTÇ°-BEÇ°,SBCBOHÇ°%JTUSJDU Ç°4BNVUÇ°1SBLBSOÇ°1SPWJODF Ç° #BOHÇ°1IMJÇ°%JTUSJDU Ç°#BOHÇ°1IMJÇ°4VCEJTUSJDUÇ°.VOJDJQBMJUZÇ°0GĹłDFÇ°BOEÇ°#BOHÇ°1IMJÇ°"ENJOJTUSBUJWFÇ°0SHBOJ[BUJPO Ç°#BOHÇ°1IMJÇ°%JTUSJDUÇ° as well as 60 education institutes and religious places. In 2014, Suvarnabhumi Airport held various community relations activities and corporate social responsibility projects across all areas, including community economy, social development, education, religion, sports and quality of life improvement. Some of the activities were: 1. Green Airport Green Community:Ç°0OÇ° Ç° September 2014, Suvarnabhumi Airport Ç° QSFTFOUFEÇ°UIFÇ°Äś#BOHÇ°1IMJÇ°&MEFSMZÇ°$PNNVOJUZÇ° Parkâ&#x20AC;? to the Bang Phli Municipality. The park Ç° JODMVEFTÇ° PVUEPPSÇ° ĹłUOFTTÇ° FRVJQNFOUÇ° BOEÇ° green area for people in the community to relax and exercise. The park, located at Ç° #BOHÇ°1IMJÇ°.VOJDJQBMJUZÇ°0GĹłDF Ç°JTÇ°QBSUÇ°PGÇ°UIFÇ° plan to improve the environment and quality of life of people in the nearby area. 2. AOT 7olunteers:Ç°0OÇ° Ç°.BZÇ° Ç°CBTJDÇ°ĹłSFÇ°ĹłHIUJOHÇ°TLJMMTÇ°USBJOJOHÇ° was held at Wat Sangkaracha School for 100 teachers, students and people in the Wat Sangkaracha Temple community.

3. Youth Football Match:Ç° 0OÇ° Ç° Ç° Ç° +VMZÇ° Ç° UIFÇ° Äś4VWBSOBCIVNJÇ° Ç° "JSQPSUÇ° $VQÇ° ÄˇÇ° GPPUCBMMÇ° NBUDIÇ° XBTÇ° IFMEÇ° GPSÇ° UIFÇ° ZPVUIÇ° CFMPXÇ° Ç° years old from 10 schools surrounding the airport. This match is aimed at promoting sports skill of the youth. Thepsirin Romklao School was the winner while Poolcharoen Wittayakom School won the Fair Play Prize.

4. Labor Market:Ç°0OÇ° Ç° Ç° Ç°.BZÇ° Ç°UIFÇ° ndÇ°-BCPSÇ°.BSLFUÇ°XBTÇ°IFMEÇ°BGUFSÇ°UIFÇ°TVDDFTTÇ°PGÇ°UIFÇ°ĹłSTUÇ°POFÇ°IFMEÇ°JOÇ° Ç° Ç° .PSFÇ°UIBOÇ° Ç°MFBEJOHÇ°DPNQBOJFTÇ°PQFSBUJOHÇ°JOÇ°4VWBSOBCIVNJÇ°"JSQPSUÇ°XFSFÇ°JOWJUFEÇ°UPÇ°UIFÇ°FWFOUÇ°XIFSFÇ°KPCTÇ°XFSFÇ° Ç° PQFOFEÇ° GPSÇ° BQQMJDBUJPOT Ç° .PSFÇ° UIBOÇ° Ç° QFPQMFÇ° QBSUJDJQBUFEÇ° JOÇ° UIFÇ° BDUJWJUZÇ° BOEÇ° Ç° WBDBODJFTÇ° XFSFÇ° ĹłMMFE Ç° Suvarnabhumi Airport provided the venue, booth and facilities for the activity as well as promoted and invited people in the surrounding areas to apply for a job in the event. 5. Suvarnabhumi Airport Healthcare Project:Ç°)FMEÇ°EVSJOHÇ° Ç° Ç° Ç°"QSJMÇ° Ç°UIFÇ°QSPKFDU Ç°JOÇ°DPPQFSBUJPOÇ°XJUIÇ°MFBEJOHÇ° hospitals, offered health check-up for 200 people living in the community of Moo 12, in Bang Phli Yai Subdistrict, Bang Phli District, Samut Prakarn. The check-up result was presented to community leaders for further treatment by the local hospitals where people in the communities uses their services.

6. Suvarnabhumi Airport for World Protection: There were 2 environmental Ç° QSPUFDUJPOÇ°BDUJWJUJFTÇ°IFMEÇ°POÇ° Ç°BOEÇ° Ç°+VMZÇ° Ç°BTÇ°GPMMPXT Ç° Ç° Ç°

ÄťÇ° (BSCBHFÇ°CJOTÇ°GPSÇ°HBSCBHFÇ°TFQBSBUJPOÇ°DBNQBJHO Ç°"Ç°UPUBMÇ°PGÇ° Ç°HBSCBHFÇ° Ç° CJOTÇ° XFSFÇ° QSFTFOUFEÇ° UPÇ° Ç° DPNNVOJUJFTÇ° TVSSPVOEJOHÇ° 4VWBSOBCIVNJÇ° Ç° "JSQPSU Ç° *OÇ° BEEJUJPO Ç° BÇ° MFDUVSFÇ° XBTÇ° IFMEÇ° POÇ° UIFÇ° CFOFĹłUÇ° PGÇ° HBSCBHFÇ° separation. ÄťÇ° 1SFTFOUBUJPOÇ°PGÇ° Ç°HBSCBHFÇ°CJOT for garbage separation campaign to Wat Hua Khoo, Srisa Chorakhae Noi Subdistrict, Bang Sao Thong District, Samut Prakarn. ManageÇ° NFOUÇ°BOEÇ°WPMVOUFFSÇ°PGĹłDFSTÇ°KPJOUMZÇ° collected garbage, swept the Ç° Ĺ´PPSÇ°BOEÇ°DMFBOÇ°UIFÇ°UFNQMF

7. â&#x20AC;&#x153;Touring Suvarnabhumi on Two Wheelsâ&#x20AC;?: On 10 July 2014, Suvarnabhumi Airport invited students from schools nearby to take a ride on the green lane (bicycle lane) and participated in various activities that educate them on environmental protection and energy saving. The main objective is to raise awareness of young people on the importance of environmental preservation and green energy. Approximately 60 airport executives, employees and volunteers participated in this program.

. â&#x20AC;&#x153;Follow the Fatherâ&#x20AC;&#x2122;s Foot Steps on SufĹłciency Wayâ&#x20AC;?: On 21 and 22 August 2014, Suvarnabhumi Airport brought the commuÇ° OJUZÇ°MFBEFSTÇ°GSPNÇ° Ç° villages of Bang Phli District in Petchaburi Province to join the activity for harmony of people. In addition the 2-day-1-night trip Ç° BMTPÇ°JODMVEFEÇ°BÇ°WJTJUÇ°UPÇ°UIFÇ°Äś$IBOHÇ°)VBÇ°.BOÄˇÇ°QSPKFDUÇ° under His Majesty the Kingâ&#x20AC;&#x2122;s initiative project to Ç° MFBSOÇ°NPSFÇ°BCPVUÇ°TVGĹłDJFODZÇ°UIFPSZ

9. Others: Ç°

Ç° 8BYÇ°DBOEMFÇ°QSFTFOUBUJPOÇ°UPÇ°8BUÇ°#VFOHÇ°#VB Ç°-BNÇ°1MBÇ°5JFX Ç°-BUÇ°,SBCBOH Ç° UPÇ°DFMFCSBUFÇ°UIFÇ°#VEEIJTUÇ°-FOUÇ°%BZ Ç°"JSQPSUÇ°FYFDVUJWFT Ç°PGÅ³DFST Ç° students and people in the Wat Bueng Bua Community and Lam Puttha Community also participated in the event.

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Ç°Ç°%BUFTÇ°XFSFÇ°QSFTFOUFEÇ°UPÇ°GPVSÇ°NPTRVFTÇ°OFBSÇ°4VWBSOBCIVNJÇ°"JSQPSUÇ° to celebrate the Ramadan period for the Muslims.

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Ç°Ç°"Ç°WJTJUÇ°UPÇ°$BNJMJBOÇ°/VSTJOHÇ°$FOUFSÇ°GPSÇ°$IJMESFOÇ°XJUIÇ°%PVCMFÇ°%JTBCJMJUZ Ç° Lat Krabang and presenting snacks and drinks to the children.

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Ç°Ç°1BSUJDJQBUJPOÇ°BOEÇ°QSPWJTJPOÇ°PGÇ°Å³OBODJBMÇ°TVQQPSUÇ°BOEÇ°CPUUMFEÇ°XBUFSÇ° Ç° UPÇ°HPWFSONFOUÇ°BHFODJFT Ç°MPDBMÇ°BENJOJTUSBUJPOÇ°PGÅ³DFT Ç°SFMJHJPVTÇ°QMBDFTÇ° Ç° BOEÇ°FEVDBUJPOBMÇ°JOTUJUVUJPOTÇ°JOÇ°UIFJSÇ°QVCMJDÇ°CFOFÅ³UÇ°BDUJWJUJFT

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Ç°Ç°1BSUJDJQBUJPOÇ°JOÇ°#BOHÇ°1IMJÇ°3BUCBNSVOHÇ°4DIPPMÄ´TÇ°BOEÇ°,IMPOHÇ°-BUÇ° Krabang Schoolâ&#x20AC;&#x2122;s camp by sending airport representatives to be guest speakers.

Ç° Ç°Ç°1BSUJDJQBUJPOÇ°BOEÇ°TVQQPSUÇ°GPSÇ°$IJMESFOÄ´TÇ°%BZÇ°BDUJWJUZÇ°BUÇ°UIFÇ°4BNVU Ç°Ç° Ç° 1SBLBSOÇ°$JUZÇ°)BMMÇ°BOEÇ°-BUÇ°,SBCBOHÇ°%JTUSJDUÇ°0GÅ³DFÇ°POÇ° Ç°BOEÇ° Ç° January 2014.

Don Mueang International Airport Don Mueang International Airport has been operating under the operations guidelines provided by AOT with commitment to corporate social responsibility. The airport has put on importance on participating in development activities of surrounding communities, leading to harmony living between the airport and communities. In 2014, the airport handled the following activities:

1. Green Airport Green Community:Ç°0OÇ° Ç°4FQUFNCFSÇ° Ç° Ç°UIFÇ°BJSQPSUÇ°IFMEÇ°UIFÇ°Äś$ZDMJOHÇ°GPSÇ°.JUJHBUJPOÇ°PG Air Pollutionâ&#x20AC;? campaign under the Green Airport Green Community project. The activity was aimed at Ç° SBJTJOHÇ°BXBSFOFTTÇ°POÇ°UIFÇ°CFOFĹłUTÇ°PGÇ°DZDMJOHÇ°XIJDIÇ°JTÇ° not only provides transport convenience but also reduces air pollution which helps mitigating the impact on the Global Warming. In addition, cycling is a good exercise that also enhances peopleâ&#x20AC;&#x2122;s Ç° IFBMUI Ç°5IFÇ°Äś$ZDMJOHÇ°GPSÇ°.JUJHBUJPOÇ°PGÇ°"JSÇ°1PMMVUJPOÄˇÇ° activity was held on the Thewarit Phanluk Road and Ç° BUUSBDUFEÇ°BQQSPYJNBUFMZÇ° Ç°DZDMJTUTÇ°XIPÇ°BSFÇ°TUVEFOUTÇ° Ç° JOÇ°UIFÇ°ĹłWFÇ°TDIPPMTÇ°OFBSÇ°UIFÇ°BJSQPSUT Ç°BJSMJOFÇ°PQFSBUPSTÇ° and government agencies operating at the airport as well as cycling club of the Royal Thai Air Force. As part of this activity, Don Mueang International Airport also donated bicycles to participating schools for future use.

2. AOT 7olunteers:Ç°0OÇ° Ç°+VMZÇ° Ç°%POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ° Airport held the AOT Volunteers program to educate and Ç° USBJOÇ°ZPVOHÇ°QFPQMFÇ°JOÇ°UIFÇ°OFBSCZÇ°DPNNVOJUJFTÇ°POÇ°CBTJDÇ°ĹłSFÇ° Ç° ĹłHIUJOHÇ°TLJMMT Ç°CPUIÇ°JOÇ°UIFPSZÇ°BOEÇ°FYFSDJTF Ç°5IFÇ°BDUJWJUZÇ°XBTÇ° held at Petcharawutwitthaya School with 270 participants Ç° XIPÇ°BSFÇ°TUVEFOUTÇ°JOÇ°.BUUBZPNÇ° Ç°MFWFMT Ç°UFBDIFSTÇ°BOEÇ°BSNZ

PGĹłDFST Ç°5IFÇ°QBSUJDJQBOUTÇ°XFSFÇ°WFSZÇ° TBUJTĹłFEÇ°XJUIÇ°UIFÇ°BDUJWJUZÇ°BTÇ°UIFZÇ°DBOÇ° apply what they learn and experience from the exercise into day to day life.

3. Youth Football Match:Ç°0OÇ° Ç°4FQUFNCFSÇ° Ç°%POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°IFMEÇ°UIFÇ° Ç°:PVUIÇ°'PPUCBMMÇ°.BUDIÇ°BUÇ° the Dhupateme Royal Thai Air Force Sports Stadium. The competition was held to promote health, unity and skills among students living and studying in schools surrounding the airport as well as to strengthen relationship between the airport and community. This year, 4 schools participated in the competition, including Donmuang Thaharnagardbumrong School, Donmuangchaturachinda School, Seekan (Wattananunuppathum) School and Wat Phra Si Mahathat Demonstration 4FDPOEBSZÇ°4DIPPM Ç°5IFÇ°ĹłOBMÇ°SPVOEÇ° was held on 11 September 2014 and the winner was Donmuangchaturachinda School team.

Chiang Mai International Airport In the past year, Chiang Mai International Airport has been developing services and facilities to better serve greater number of passengers, especially foreigners. In parallel, the airport has continued to make sound contribution UPÇ°DPNNVOJUJFTÇ°BOEÇ°UIFÇ°TPDJFUZ Ç°#FOFĹłDJBMÇ°BDUJWJUJFTÇ°IFMEÇ°JOÇ°UIFÇ°QBTUÇ°ZFBSÇ°CZÇ° Chiang Mai International Airport were as follows:

1. Green Airport Green Community: On 4 August 2014, AOT arranged an activity in Community Forest, Nam Bor Luang Subdistrict, San Pa Tong District, Chiang Mai where over 2,000 people participated in this seedlings growing and a check dam building. The activity Ç° JTÇ° UPÇ° DPOUJOVFÇ° Äś5IFÇ° 'PSFTUÇ° $POTFSWBUJPOÇ° BOEÇ° &OWJSPONFOUÇ° Development in honor of Her Majesty the Queenâ&#x20AC;? for the third year in order to encourage people to be possessive with their Ç° GPSFTUÇ°BSFBT Ç°6QÇ°UPÇ°OPX Ç°UIJTÇ°GPSFTUÇ°IBTÇ°HSPXOÇ°TVDDFTTGVMMZÇ°BOEÇ° become a learning center for the younger generation.

2. AOT 7olunteers: Held on 7 July 2014, AOT volunteers sent out a team to train young people and community leaders at Ban Huay Sai School, Suthep Subdistrict, Mueang District, Chiang Mai, on Ç° CBTJDÇ°ĹłSFÇ°ĹłHIUJOHÇ°UFDIOJRVF Ç°5IFÇ°UFBNÇ°BMTPÇ°EPOBUFEÇ°ĹłSFÇ°FYUJOHVJTIFSÇ° and story books to the Ban Huay Sai School and the community.

3. Youth Football Match:Ç°5IFÇ°TFWFO QMBZFSÇ°GPPUCBMMÇ°NBUDIÇ°GPSÇ°UIFÇ°ZPVUIÇ°BHFEÇ°CFMPXÇ° Ç°ZFBST Ç°LOPXOÇ°BTÇ°Äś75$$Ç°$VQ 2014â&#x20AC;?, was held from 21 March - 4 April 2014. Ten schools surrounding Chiang Mai International Airport participated in the activities and the winner was Metta Suksa School team who received 20,000 Baht scholarship. In addition Chiang Mai International Airport also held various activities and participated in community events, including.

Äť Ç° Ç°

Annual kathinâ&#x20AC;?:Ç° 5IFÇ° BOOVBMÇ° SFMJHJPVTÇ° DFSFNPOZÇ° XBTÇ° IFMEÇ° POÇ° Ç° /PWFNCFSÇ° Ç° 8JOHÇ° $PNNBOEFSÇ° -VLDIBJÇ° $IBMFPZQSBDI Ç°$IJBOHÇ°.BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°(FOFSBMÇ°.BOBHFS Ç°BOEÇ°BJSQPSUÇ°PGĹłDFSTÇ°BOEÇ°FNQMPZFFTÇ°SFQSFTFOUFEÇ° "JSQPSUTÇ°PGÇ°5IBJMBOEÇ°1VCMJDÇ°$PNQBOZÇ°-JNJUFEÇ°BUÇ°UIFÇ° Ç°LBUIJOÇ°DFSFNPOZÇ°BUÇ°8BUÇ°$IPNÇ°$IBFOH Ç°/BNÇ°#PÇ°-VBOHÇ° Subdistrict, San Pa Thong District, Chiang Mai for the second consecutive year. Äť Ç°

Bicycle donation to the Red Cross Society:Ç°'MZJOHÇ°0GĹłDFSÇ° Thananrath Prasertsree, Deputy General Manager of Chiang Mai International Airport, and representatives of the airport FNQMPZFFTÇ°BOEÇ°PGĹłDFSTÇ°HBWFÇ° Ç°CJDZDMFTÇ°UPÇ°UIFÇ°$IJBOHÇ°.BJÇ° Red Cross Society to support the Winter Fair and Chiang Mai OTOP Fair 2014.

Äť

Blanket donation:Ç°'MZJOHÇ°0GĹłDFSÇ°5IBOBOSBUIÇ°1SBTFSUTSFF Ç°%FQVUZÇ° General Manager of Chiang Mai International Airport, presented Ç°CMBOLFUTÇ°UPÇ°TUVEFOUTÇ°BUÇ°4JSJNBOLMBDIBSOÇ°4DIPPM Ç°.BFÇ°)JBÇ°4VCEJTUSJDU Ç°.VBOHÇ°%JTUSJDU Ç°$IJBOHÇ°.BJ Ç°UPÇ°SFMJFWFÇ°UIFNÇ° from the trouble of cold weather.

Äť Ç° Ç°

Financial support for a multipurpose building construction andd toilet improvement at Ban Pang Sak School: Wing Commander Lukchai Chaleoyprach, Chiang Mai International "JSQPSUÇ°(FOFSBMÇ°.BOBHFS Ç°MFEÇ°BÇ°UFBNÇ°PGÇ°BJSQPSUÇ°PGĹłDFSTÇ°BOEÇ°TUBGGÇ°NFNCFSTÇ°UPÇ°QSFTFOUÇ°ĹłOBODJBMÇ°TVQQPSUÇ°GPSÇ°UIFÇ° construction of a multipurpose building and improvement of toilets at Ban Pang Sak School in Mae Soon Subdistrict, 'BOHÇ°%JTUSJDU Ç°$IJBOHÇ°.BJ Ç°5IFÇ°BDUJWJUZÇ°JTÇ°BÇ°QBSUÇ°PGÇ°UIFÇ°Äś"JSQPSUÇ°$PPQFSBUJPOÇ°GPSÇ°UIFÇ°:PVUIÇ°%FWFMPQNFOUÇ°UPXBSETÇ° AECâ&#x20AC;?. The team also gave blankets, sports equipment and some Childrenâ&#x20AC;&#x2122;s Day gifts to the students. Äť Ç° Ç°

Stakeholders relationship program:Ç°)FMEÇ°GSPNÇ° Ç° Ç° Ç°"VHVTUÇ° Ç°BUÇ°4JQÇ°4BFOÇ°3FTPSUÇ°BOEÇ°4QBÇ°JOÇ°.BFÇ°5BOH Ç° $IJBOHÇ°.BJ Ç°UIFÇ°BDUJWJUZÇ°JODMVEFEÇ°BÇ°TFNJOBSÇ°POÇ°Äś IPVSÇ° Airport Service, Think Differently and Creativelyâ&#x20AC;?. Attended by Wing Commander Lukchai Chaleoyprach, Chiang Mai International Airport General Manager, a representative of AOT, Mr. Pornchai Jitnavasathien, tthe President of the Chiang Mai Tourism Business Association, Associate Professor. Prasak 55IBWPSOZVUJLBSO Ç°UIFÇ°%JSFDUPSÇ°PGÇ°UIFÇ°6SCBOÇ°%FWFMPQNFOUÇ°*OTUJUVUFÇ°'PVOEBUJPO Ç°.S Ç°5IBXFFDIBJÇ° 44JOHUPSBU Ç°"EWJTPSÇ°UPÇ°.BFÇ°)JBÇ°.VOJDJQBMJUZ Ç°BOEÇ°.ST Ç°/BXBQBOÇ°$IBJXBOÇ°6UIBJZPU Ç°SFQSFTFOUBUJWFÇ° GSPNÇ° UIFÇ° 3FHJPOBMÇ° 1VCMJDÇ° 3FMBUJPOTÇ° 0GĹłDF Ç° UIFÇ° TFNJOBSÇ° FODPVSBHFEÇ° BOÇ° PQFOÇ° EJBMPHVFÇ° BOEÇ° G exchange of ideas in order to create good understanding of 24-hour service offered by Chiang e Mai International Airport. It also nurtured good relationship with people in the community as leaders from Suthep and Mae Hia Subdistricts, which are located next to the airport, representatives from concerned government agencies and UIFÇ°NFEJBÇ°XIPÇ°QBSUJDJQBUFEÇ°JOÇ°UIFÇ°BDUJWJUZÇ°BOEÇ°UIFÇ°XBMLÇ°SBMMZ Ç°5IFÇ°BDUJWJUZÇ°BUUSBDUFEÇ°NPSFÇ°UIBOÇ° Ç°QBSUJDJQBOUT

0OÇ° Ç° Ç° Ç°4FQUFNCFSÇ° Ç°UIFÇ°$IJBOHÇ°.BJÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°IFMEÇ°UIFÇ°Äś"JSQPSUÇ° Harmonization for Sustainable Quality Serviceâ&#x20AC;&#x2122; activityâ&#x20AC;?. Wing Commander Lukchai Chaleoyprach, Chiang Mai International Airport General Manager, led BÇ°HSPVQÇ°PGÇ°PWFSÇ° Ç°BJSQPSUÇ°FNQMPZFFTÇ°BOEÇ°PGĹłDFST Ç°SFQSFTFOUBUJWFTÇ°GSPNÇ° airlines, business operators and concerned government agencies operating in the airport, to attend a seminar at Mae Ping Lake, Bhumibol Dam, Tak. 5IFÇ°FWFOUÇ°XBTÇ°JOJUJBUFEÇ°UPÇ°TUSFOHUIFOÇ°HPPEÇ°SFMBUJPOTIJQÇ°BOEÇ°SFEVDFÇ°DPOĹ´JDUÇ° among organizations and people working together as well as to open an PQQPSUVOJUZÇ°GPSÇ°PQFSBUJPO MFWFMÇ°PGĹłDFSTÇ°BOEÇ°QBSUJDJQBOUTÇ°UPÇ°FYDIBOHFÇ°JEFBTÇ° and experience that will lead to service quality improvement at the airport. These activities are testimony of Chiang Mai International Airportâ&#x20AC;&#x2122;s commitment to taking good care of community, society and the environment in addition to its core missions of operating airport and providing air transport service with an ultimate goal to become â&#x20AC;&#x153;a world-class Thai airportâ&#x20AC;?.

Mae Fah Luang - Chiang Rai International Airport In 2014, Mae Fah Luang - Chiang Rai International Airport has been developed in all areas to support economic growth and prepare for the ASEAN Economics $PNNVOJUZÇ° "&$ Ç°JOUFHSBUJPO Ç°6OEFSÇ°UIFÇ°$PSQPSBUFÇ°4PDJBMÇ°3FTQPOTJCJMJUZÇ°1MBOÇ° 2014, activity framework was set out for all AOT airports to follow in order to strengthen relationship with community and ensure harmony living between airports and communities. 1. Green Airport Green Community: The two activities undertaken by Mae Fah Luang - Chiang Rai International Airport are as follows: 1.1 â&#x20AC;&#x153;Toxin Residue in Blood Screening Projectâ&#x20AC;?: Mae Fah Luang - Chiang Rai International Airport in cooperation with Pong Pra Bat Hospital introduced the project to screen agricultural chemical residue in blood of farmers in the surrounding communities. The activity is aimed at upgrading the peopleâ&#x20AC;&#x2122;s quality of life. The Airport and the hospital provided blood check service and training on how to protect themselves from agricultural chemicals and toxin.

1.2 â&#x20AC;&#x153;Community Sports Ground Development Projectâ&#x20AC;?: Mae Fah Luang - Chiang Rai International Airport has improved sports ground near its airport to encourage people to exercise for health, considering that there is a large number of residents around the airport and many of these communities do not have sports and exercise facilities. Sports equipment was also donated to these communities.

2. AOT 7olunteers: Mae Fah Luang - Chiang Rai International Airport launched the 2014 AOT Volunteer program at the Tessaban 6 Nakhon Chiang Rai School with students, teachers and people in surrounding communities participating Ç° JOÇ°UIFÇ°FWFOU Ç°"Ç°MFDUVSFÇ°XBTÇ°IFMEÇ°POÇ°CBTJDÇ°ĹłSFÇ°QSFWFOUJPOÇ°BOEÇ°BÇ°ĹłSFÇ°ESJMMÇ°VTJOHÇ°SFBMÇ°ĹłSFÇ°BOEÇ°ESZÇ°DIFNJDBMT Ç°5IFÇ°USBJOJOHÇ° is very useful for the participants as they can actually apply in real life.

3. Football Match:Ç°5IFÇ°BJSQPSUÇ°IPTUFEÇ°UIFÇ° rd AOT Cup football match at Ç° $IJBOHÇ°3BJÇ°$FOUSBMÇ°4QPSUTÇ°(SPVOEÇ°XJUIÇ° Ç°UFBNTÇ°QBSUJDJQBUJOH Ç°5IFÇ°XJOOFSÇ° is the Chiang Rai Provincial Administration Team.

*OÇ° BEEJUJPO Ç° UIFÇ° BJSQPSUÇ° QSPNPUFEÇ° DPNNVOJUZÇ° SFMBUJPOTÇ° QSPKFDUÇ° UIBUÇ° BMTPÇ° SFÅ´FDUTÇ° JUTÇ° DPSQPSBUFÇ° TPDJBMÇ° SFTQPOTJCJMJUZÇ° commitment at the operational level. The activities included: 1. Religious activities Mae Fah Luang - Chiang Rai International Airport hosted and participated in various religious ceremonies, such as wax candle presentation to temple to celebrate the Buddhist Lent at Wat Fang Min Temple, Chiang Rai, and the 2014 kathin ceremony at Wat Pang Lao Temple, Chiang Rai. 2. Education The airport provided funding for rice purchase to support lunch for students at Pa Sak Kai School, Chiang Rai. The airport also serves as the learning center for college students in Chiang Rai and nearby provinces that welcome students to have an experience trip at the airport.

33. Social Responsibility Activities 1. Social, community and environmental activities Ç° Ç° Ä»Ç° Ç°+BOVBSZÇ° Ç° $IJMESFOÄ´TÇ°%BZ Ç° Ç° Ä»Ç° Ç°"QSJMÇ° Ç°Ç° 4POHLSBOÇ°GFTUJWBM Ç° Ç° Ä»Ç° Ç°.BZÇ° Ç° Ç° -BCPSÇ°%BZ Ç° Ç° Ä»Ç° Ç°+VMZÇ° Ç° Ç° %POBUJPOÇ°FYUFOEFEÇ°UPÇ°FBSUIRVBLFÇ°BGGFDUFEÇ° people 2. Art, culture, religion and sports Ç° Ç° Ä»Ç° Ç°"QSJMÇ° Ç°Ç° 1SFTFOUJOHÇ°4POHLSBOÇ°TBDSFEÇ°XBUFSÇ°UPÇ°IJHI level monks in Chiang Rai Ç° Ç° Ä»Ç° Ç° Ç° Ç°.BSDIÇ° Ç° th Airport Games Ç° Ç° Ä»Ç° Ç°+VMZÇ° Ç° Ç° $IJBOHÇ°3BJÇ°#MFTTJOHÇ°$FSFNPOZ Ç° Ç° Ä»Ç° Ç°"VHVTUÇ° Ç° )FSÇ°.BKFTUZÇ°UIFÇ°2VFFOÄ´TÇ°#JSUIEBZÇ°$FMFCSB tion, held in cooperation with Chiang Rai Province 3. Education Ç° Ç° Ä»Ç° Ç°+BOVBSZÇ° Ç° &EVDBUJPOÇ° 1IBÇ° 1BÇ° DFSFNPOZÇ° BUÇ° %BNSPOHÇ° Ratchsongkroh School Ç° Ç° Ä»Ç° Ç°+VOFÇ° Ç°Ç° 3JDFÇ°EPOBUJPOÇ°UPÇ°#BOÇ°1BÇ°4BLÇ°,BJÇ°4DIPPM

Phuket International Airport Phuket International Airport follows AOTâ&#x20AC;&#x2122;s Corporate Social Responsibility 1PMJDZÇ° CZÇ° OVSUVSJOHÇ° HPPEÇ° SFMBUJPOTIJQÇ° BOEÇ° UBLJOHÇ° HPPEÇ° DBSFÇ° PGÇ° JUTÇ° PGĹłDFST Ç° employees, airlines, business operators, government agencies operating at the airport and surrounding communities, comprising 6 communities, 10 schools, Ç°NPTRVFTÇ°BOEÇ° Ç°UFNQMFT Ç°*UTÇ°DPSQPSBUFÇ°TPDJBMÇ°SFTQPOTJCJMJUZÇ°BDUJWJUJFTÇ°IBWFÇ° been initiated and introduced to promote unity among the airport and key stakeholders in the long run. In 2014, it introduced various activities as follows: Religion Phuket International Airport promoted and participated in various religious ceremonies and activities, such as kathin ceremony, wax candle presentation to celebrate Buddhist Lent, facilitation for travelers and families of Thai Muslims who are going to Hajj, and support for Muslims during their Ramadan period by providing dates, rice and rinks to mosques near Phuket International Airport. Education Phuket International Airport has always supported schools nearby, such as on Childrenâ&#x20AC;&#x2122;s Day and presentation for rice and drinks to support school lunch. The airport also welcomes students from various educational institutes on their FYQFSJFODFÇ°USJQÇ°UPÇ°UIFÇ°BJSQPSU Ç°*UÇ°BMTPÇ°IFMEÇ°UIFÇ°Äś1IVLFUÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°4VNNFSÇ°$BNQÄˇÇ°VOEFSÇ°XIJDIÇ°TUVEFOUTÇ°XFSFÇ° encouraged to participate in this trip to Khao Lampi - Hat Thai Muang National Park in Thai Mueang District, Phang Nga. Public beneĹłts and environment 1IVLFUÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°IBTÇ°DPOUJOVFEÇ°JUTÇ°DPNNVOJUZÇ°SFMBUJPOTÇ°BDUJWJUJFTÇ°CZÇ°FODPVSBHJOHÇ°JUTÇ°BJSQPSUÇ°PGĹłDFSTÇ°BOEÇ°TUBGGÇ° members to meet with residents in the surrounding communities in order to promote good understanding about the airport operations on monthly basis while listening to community leaders and villagers on their concerns and needs. In 2014, Phuket International Airport held various activities, including support for blood donation by arranging blood EPOBUJPOÇ°BUÇ°1IVLFUÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°FWFSZÇ° Ç°NPOUIT Ç°QBSUJDJQBUJPOÇ°JOÇ°UIFÇ°WFHFUBSJBOÇ°GFTUJWBMÇ°CZÇ°TFOEJOHÇ°BÇ°USVDLÇ° EFDPSBUFEÇ°XJUIÇ°GSVJUTÇ°BOEÇ°WFHFUBCMFTÇ°UPÇ°KPJOÇ°UIFÇ°GFTUJWBMÇ°QSPDFTTJPOÇ°BOEÇ°UPÇ°DFMFCSBUFÇ°UIFÇ° th Birthday Anniversary of His Majesty the King.

According to AOTâ&#x20AC;&#x2122;s 2014 Corporate Social Responsibility Action Plan, Phuket International Airport held various activities to promote and strengthen relationship between the airport and communities as follows:

1. Green Airport Green Community:Ç°0OÇ° Ç°4FQUFNCFSÇ° Ç°1IVLFUÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°IFMEÇ°Ä¶1IVLFUÇ°*OUFSOBUJPOBMÇ° Ç° "JSQPSUÇ°DBSFÇ°GPSÇ°&OWJSPONFOUÄ·Ç°BDUJWJUZÇ°XIFSFÇ°BJSQPSUÇ°PGÅ³DFSTÇ°BOEÇ°TUBGGÇ°NFNCFSTÇ°XFSFÇ°HJWFOÇ°PQQPSUVOJUZÇ°UPÇ°NBLFÇ° sound contribution to the society and strengthen relationship with people in surrounding communities. Such Ç° BDUJWJUJFTÇ°JODMVEFEÇ°DMFBOJOHÇ°BOEÇ°MBOETDBQFÇ°JNQSPWFNFOUÇ°GSPNÇ°UIFÇ°CFHJOOJOHÇ°PGÇ°3VOXBZÇ° Ç°UPÇ°4JSJOBUÇ°/BUJPOBMÇ°1BSL Ç° and garbage collection under water at Nai Yang Beach.

3. Youth Football Match:Ç°)FMEÇ°POÇ° Ç° Ç° Ç°"VHVTUÇ° Ç° the Phuket International Airport Cup football match was held at Khjorn Kiat Thalang Schoolâ&#x20AC;&#x2122;s football Ç° HSPVOE Ç° 5IFSFÇ° XFSFÇ° Ç° TDIPPMTÇ° QBSUJDJQBUFEÇ° JOÇ° UIFÇ° competition this year.

2. AOT 7olunteers: On 26 - 27 May 2014, Phuket International Airport held the AOT Volunteer activity Ç° UPÇ°QSPWJEFÇ°CBTJDÇ°LOPXMFEHFÇ°POÇ°Å³SFÇ°Å³HIUJOHÇ°UPÇ°TUVEFOUTÇ° in schools near the airport, allowing students to be equipped with practical skills that can be used in Ç° EBJMZÇ° MJGFÇ° BOEÇ° IBWFÇ° BXBSFOFTTÇ° POÇ° Å³SFÇ° QSFWFOUJPOÇ° and extinguishment. The trainings were held at Thalang Technical College and Mueang Thalang School.

Hat Yai International Airport Hat Yai International Airport highly values community relations activities both for organizations and communities that demonstrate its commitment to the social responsibilities. Activities held to strengthen relationship with surrounding communities vary from religious activities to education program where young people had a chance to visit and learn more about how Hat Yai International Airport is operated. According to the 2014 Corporate Social Responsibility action plan that provides activity framework for all AOT airports, Hat Yai International Airport held activities to strengthen relationships with the airport surrounding communities for sustainable living with happiness which were.

1. Green Airport Green Community ǰ ǰ

)BUǰ:BJǰ*OUFSOBUJPOBMǰ"JSQPSUǰIFMEǰUIFǰQSPKFDUǰĶ)BUǰ:BJǰ*OUFSOBUJPOBMǰ"JSQPSUĴTǰ(SFFOǰ1BSLǰGPSǰ)FBMUIǰBOEǰ&OWJSPONFOU GPSǰ$PNNVOJUJFTķǰJOǰ ǰ4VCEJTUSJDUTǰJOǰ,IMPOHǰ)PJǰ,IPOHǰ%JTUSJDU ǰJODMVEJOHǰ,IMPOHǰ-B ǰ,PLǰ.VBOHǰBOEǰ5PPOHǰ5BNǰ Sao subdistricts. The project encourages people to exercise for health and care more for the environment.

2. AOT 7olunteers ǰ ǰ

)BUǰ:BJǰ*OUFSOBUJPOBMǰ"JSQPSUǰIFMEǰBǰUSBJOJOHǰPOǰCBTJDǰųSFǰųHIUJOHǰ skills and safety awareness for students and teachers in Ban Na Wat Pho School, Khlong Hoi Khong District, Songkhla. The BJSQPSUǰBMTPǰQSFTFOUFEǰųSFǰFYUJOHVJTIFSTǰBOEǰTQPSUTǰFRVJQNFOUǰ to the school.

3. Youth Football Match ǰ

)BUǰ:BJǰ*OUFSOBUJPOBMǰ"JSQPSUǰIFMEǰUIFǰ rdǰ)BUǰ:BJǰ"JSQPSUǰ$VQ ǰBǰGPPUCBMMǰNBUDIǰGPSǰUIFǰZPVUIǰPGǰ ǰZFBSTǰPMEǰBUǰ)BUǰ:BJǰ International Airport Football Ground. The project is aimed at promoting health and unity among the youth of the schools in the airport sourrounding communities while strengthening relationship between the airport and surrounding communities. This year, 12 schools participated in the match with Songkhla Pittayanusorn School team as the winner.

Hat Yai International Airport also gives high importance on other community relations activities that demonstrate its social responsibilities at organization and community levels. Activities are as follows: 2. Education Scholarships were presented to Dhamma Sakol School for the Blind in Hat Yai and Songkhla Pattana Panya School. Hat Yai International Airport itself also serves as a learning center where students can come to have an experience trip to the airport.

1. Religion ǰ

0Oǰ ǰ +VMZǰ ǰ )BUǰ :BJǰ *OUFSOBUJPOBMǰ "JSQPSUǰ presented the wax candle to celebrate Buddhist Lent Day to Chaichanasongkram Temple, Kuan Lang Subdistrict, Hat Yai District, Songkhla.

Awards and Accolades AOT Head Office AOT head ofĹłce received the best national establishment in occupational health, safety and working environment award AOT won the Award for the national outstanding establishment in occupational health, safety and working environment of

Ç°GPSÇ° Ç°DPOTFDVUJWFÇ°ZFBST Ç°.ST Ç°1BSBOFFÇ°7BUBOPUBJ Ç°&YFDVUJWFÇ°7JDFÇ° President of Airport and Aviation Standard represented AOT at the award presentation ceremony held at Bangkok International Trade BOEÇ°&YIJCJUJPOÇ°$FOUSFÇ°POÇ° Ç°+VMZÇ° Mr. Makin Petplai, AOTâ&#x20AC;&#x2122;s President, received the Business of the Year Award 2014 - Service Category at the Money & Banking Awards 2014 at Conrad Hotel, Bangkok. AOT won â&#x20AC;&#x153;Sustainability Report Awards 2014â&#x20AC;? AOT won Outstanding Sustainability Report Award 2014 held by the Securities and Exchange Commission and Thai Listed Companies Association, CSR Club and Thaipat Institute. The award was granted at the 4th CSR Thailand Conference 2014: Sustainability Development Journey in ASEAN on 12 November 2014 at Queen Sirikit National Convention Center. This year, 64 companies participated in the contest and 1 received the Excellent Award, 2 won Very Good "XBSE Ç° BOEÇ° Ç° JODMVEJOHÇ° AOT received Outstanding Awards.

Suvarnabhumi Airport 2014Ç°

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2013Ç°

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th Ranking in the Best Asia Airports by www.agoda.com

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2012

2012â&#x20AC;&#x2122;s the Most popular Locations on Instagram 1st Ranking in the Worldâ&#x20AC;&#x2122;s Best Airport 2012 by www.edreams.com 10thÇ°3BOLJOHÇ°GPSÇ°UIFÇ°BJSQPSUÇ°XJUIÇ° Ç°NJMMJPOÇ°QBTTFOHFSTÇ°QFSÇ°ZFBSÇ°DBUFHPSZ Ç° th Ranking in the World Airport Awards 2012 by Skytrax Worldâ&#x20AC;&#x2122;s No.1 in Halal Friendly Airports 2012 (Non-OIC countries), CRaHFT Ranking by Crescentrating (www.crescentrating.com) 6thÇ°3BOLJOHÇ°JOÇ°UIFÇ°8PSMEÄ´TÇ°#FTUÇ°"JSQPSUT Ç°Äś#FTUÇ°JOÇ°5SBWFMÇ°1PMMÇ° ÄˇÇ°CZÇ°XXX TNBSUUBWFMBTJB DPN 6th Ranking for the airport of over 40 million passengers per year category, the Airport Service Quality Awards 2010 by ACI

2011 Ç°

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th Ranking in the World Airport Awards 2011 by Skytrax 7th Ranking for the airport of over 40 million passengers per year category, the Airport Service Quality Awards 2010 by ACI

2010Ç°

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th Ranking for the airport of over 40 million passengers per year category, the Airport Service Quality Awards 2010 by ACI 10th Ranking in the World Airport Awards 2010 by Skytrax

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2009 Ç°

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16thÇ°3BOLJOHÇ°JOÇ°UIFÇ°8PSMEÄ´TÇ°#FTUÇ°"JSQPSU Ç° rd Ranking in the best restaurant category in the 8PSMEÇ°"JSQPSUÇ°"XBSETÇ° Ç°CZÇ°4LZUSBY

2008Ç°

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th Ranking for the airport of over 40 million passengers per year category, the Airport 4FSWJDFÇ°2VBMJUZÇ°"XBSETÇ° Ç°CZÇ°"$*

2007

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Don Mueang International Airport Don Mueang International Airport was named the Outstanding establishment award winner with good facilities GPSÇ°UIFÇ°EJTBCMFEÇ°JOÇ° Ç°CZÇ°UIFÇ°.JOJTUSZÇ°PGÇ°4PDJBMÇ°%FWFMPQ ment and Human Security. The airport was invited to receive the award on the International Day of People XJUIÇ°%JTBCJMJUZ Ç° Ç°%FDFNCFSÇ° Ç°BUÇ°UIFÇ°3PZBMÇ°+VCJMFFÇ° Ballroom, Challenger, Muang Thong Thani in Nonthaburi Province. Wing Commander Songsak Tongtang, Deputy General Manager of Don Mueang International Airport, represented the airport in receiving the plaque of honor from Mr. Pongthep Thepkanchana, Deputy Prime Minister.

Chiang Mai International Airport Chiang Mai International Airport recognized for good facilities for the disabled 0OÇ° Ç°%FDFNCFSÇ° Ç°8JOHÇ°$PNNBOEFSÇ° Lukchai Chaleoyprach, General Manager of Chiang Mai International Airport, represented the airport in receiving the Outstanding establishment award in recognition of its good facilities for the disabled from Mr. Pongthep Thepkanchana, Deputy Prime Minister, at Royal Jubilee, Ballroom, Challenger, Muang Thong Thani.

Chiang Mai International Airport received the award for drug prevention On 26 June 2014, Squadron Leader Monthanik Rakngam, Deputy General Manager of Chiang Mai International Airport, representative of the AOT in receiving a plaque of honor from General Paiboon Koomchaya, Deputy Army Chief, as Chiang Mai International Airport was selected the organization with outstanding performance in drug QSFWFOUJPOÇ°JOÇ° Ç°GSPNÇ°UIFÇ°0GĹłDFÇ° of the Narcotic Control Board.

Mae Fah Luang-Chiang Rai International Airport Mae Fah Luang-Chiang Rai International Airport received the national award for safety Mr. Damrong Klongakara, General Manager of Mae Fah Luang-Chiang Rai International Airport, participated in the th National Safety Week and represented the airport in receiving the award for the national outstanding establishment, at Bangkok International Trade and &YIJCJUJPOÇ°$FOUSF Ç°#BOHOB Ç°#BOHLPLÇ°POÇ° Ç°+VMZÇ° Ç°5IJTÇ° JTÇ°UIFÇ° th consecutive year that the airport has received the prestigious award.

Mae Fah Luang-Chiang Rai International Airport Outstanding Business - Occupational Health and Safety 2014 received on 1 July 2014 from Mr. Makin Petplai, President of Airports of Thailand Public Company Limited

Phuket International Airport Phuket International Airport received the award for the national outstanding establishment on occupational health, safety and working environment Mr. Prathuang Sornkhum, General Manager of Phuket International Airport, and representatives of Phuket International "JSQPSUÄ´TÇ°PGĹłDFSTÇ°BOEÇ°FNQMPZFFT Ç°SFDFJWFEÇ°UIFÇ°BXBSEÇ°GPSÇ°UIFÇ°OBUJPOBMÇ°PVUTUBOEJOHÇ°FTUBCMJTINFOUÇ°POÇ°PDDVQBUJPOBMÇ°IFBMUI Ç° TBGFUZÇ°BOEÇ°XPSLJOHÇ°FOWJSPONFOUÇ°QSBDUJDFTÇ°GPSÇ° Ç°DPOTFDVUJWFÇ°ZFBST Ç°5IFÇ°BXBSEÇ°QSFTFOUBUJPOÇ°XBTÇ°IFMEÇ°POÇ° Ç°+VMZÇ° Ç° at Bangkok International Trade and Exhibition Centre, Bangna, Bangkok.

Financial Statements

Report of Board of Directorâ&#x20AC;&#x2122;s Responsibilities for the Financial Reports To shareholders, 5IFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°JTÇ°SFTQPOTJCMFÇ°GPSÇ°UIFÇ°ĹłOBODJBMÇ°TUBUFNFOUTÇ°PGÇ°"05Ç°BOEÇ°JUTÇ°TVCTJEJBSJFT Ç°5IFÇ°BGPSFNFOUJPOFEÇ°ĹłOBODJBMÇ° statements are prepared in accordance with generally accepted principles, under an appropriated accounting policies and applied consistently by using careful judgment and the best estimation. Important information is adequately and USBOTQBSFOUMZÇ°EJTDMPTFEÇ°JOÇ°UIFÇ°OPUFTÇ°UPÇ°ĹłOBODJBMÇ°TUBUFNFOUTÇ°GPSÇ°UIFÇ°$PNQBOZÄ´TÇ°TIBSFIPMEFSTÇ°BOEÇ°JOWFTUPST The Board of Directors provides good corporate governance and maintains the risk management system and internal controls to ensure that accounting records are accurate, reliable, timely and adequate to protect the Companyâ&#x20AC;&#x2122;s assets BTÇ°XFMMÇ°BTÇ°UPÇ°QSFWFOUÇ°GSBVEÇ°BOEÇ°TJHOJĹłDBOUÇ°JSSFHVMBSÇ°PQFSBUJPOT The Board of Directors has appointed an Audit Committee comprising independent directors to be responsible for SFWJFXJOHÇ°UIFÇ°SFMJBCJMJUZÇ°BOEÇ°DPSSFDUOFTTÇ°PGÇ°ĹłOBODJBMÇ°SFQPSUTÇ°BTÇ°XFMMÇ°BTÇ°FWBMVBUJOHÇ°UIFÇ°FGGFDUJWFOFTTÇ°PGÇ°JOUFSOBMÇ°DPOUSPMÇ° system and internal audit. The audit committeeâ&#x20AC;&#x2122;s comments on these issues are presented in the audit committee report included in this annual report. The Board of Directors considers that the internal control system and the internal audit of the Company provide DSFEJCJMJUZÇ°BOEÇ°SFMJBCJMJUZÇ°UPÇ°UIFÇ°ĹłOBODJBMÇ°TUBUFNFOUTÇ°PGÇ°UIFÇ°"05Ç°BOEÇ°JUTÇ°TVCTJEJBSJFTÇ°GPSÇ°UIFÇ°ZFBSÇ°FOEFEÇ° Ç°4FQUFNCFSÇ° Ç°XIJDIÇ°TIPXÇ°UIBUÇ°UIFÇ°ĹłOBODJBMÇ°QPTJUJPO Ç°PQFSBUJOHÇ°SFTVMUTÇ°BOEÇ°DBTIÇ°Ĺ´PXT Ç°BVEJUFEÇ°CZÇ°UIFÇ°JOEFQFOEFOUÇ°BVEJUPST Ç°BSFÇ° fairly presented in all material respects with generally accepted principles. The auditorsâ&#x20AC;&#x2122; opinion is presented in the auditorsâ&#x20AC;&#x2122; report as part of this annual report.

(Mr. Prasong Poontaneat

AOT Chairman

(Mr. Nirandra Theeranartsin

Acting AOT President

The Audit Committeeâ&#x20AC;&#x2122;s Report for the fiscal year 2014 AOTâ&#x20AC;&#x2122;s Audit Committee was appointed by the AOT Board of Directors. The committee comprises Ç°NFNCFSTÇ°XIPÇ°BSFÇ°JOEFQFOEFOUÇ°EJSFDUPSTÇ°XJUIÇ°WBTUÇ°FYQFSJFODFÇ°JOÇ°MBXT Ç°BENJOJTUSBUJPO Ç°JOGPSNBUJPOÇ° UFDIOPMPHZÇ°SFWJFXÇ°PGÇ°Å³OBODJBMÇ°TUBUFNFOUT Ç°.S Ç°/BOUBTBLÇ°1PPMTPPLÇ°XBTÇ°BQQPJOUFEÇ°UIFÇ°DIBJSNBOÇ°PGÇ° the committee while Air Marshal Prakit Skunasingha and Mr. Wara Tongprasin are members of the DPNNJUUFF Ç°%JSFDUPSÇ°PGÇ°UIFÇ°"VEJUÇ°0GÅ³DFÇ°BDUTÇ°BTÇ°UIFÇ°$PNNJUUFFÇ°4FDSFUBSZ The Audit Committee carried out its duties as assigned by AOTâ&#x20AC;&#x2122;s Board of Directors by adhering to operation manual for state enterprise audit committee of the Ministry of Finance, and the "VEJUÇ°$PNNJUUFFÇ°$IBSUFS Ç°XIJDIÇ°JTÇ°MJOFÇ°XJUIÇ°UIFÇ°OPUJÅ³DBUJPOÇ°PGÇ°UIFÇ°4UPDLÇ°&YDIBOHFÇ°PGÇ°5IBJMBOE Ç° The Audit Committee reviewed and ensured that AOTâ&#x20AC;&#x2122;s management, corporate governance, SJTLÇ°NBOBHFNFOU Ç°JOUFSOBMÇ°DPOUSPM Ç°JOUFSOBMÇ°BVEJU Ç°Å³OBODJBMÇ°SFQPSUTÇ°BOEÇ°PUIFSÇ°PQFSBUJPOTÇ°XFSFÇ°JOÇ° DPNQMJBODFÇ°XJUIÇ°SFMFWBOUÇ°MBXT Ç°SVMFT Ç°SFHVMBUJPOTÇ°BOEÇ°SFRVJSFNFOUTÇ°JOÇ°PSEFSÇ°UPÇ°CFÇ°PGÇ°FGÅ³DJFOUÇ°BOEÇ° effective operations. *OÇ°Å³TDBMÇ°ZFBSÇ° Ç°UIFÇ°"VEJUÇ°$PNNJUUFFÇ°IFMEÇ° Ç°NFFUJOHTÇ°XJUIÇ°TFOJPSÇ°FYFDVUJWFTÇ°BOEÇ°DPODFSOFEÇ° parties participating in various agendas, and with the auditor without involvement from executive.The Audit Committee reports were regularly and continually submitted to AOTâ&#x20AC;&#x2122;s Board of Directors as follows: Ä»Ç° 5IFÇ°SFWJFXÇ°PGÇ°RVBSUFSMZÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°GPSÇ°Å³TDBMÇ°ZFBSÇ° Ç°BOEÇ°UIFÇ°SFQPSUÇ°PGÇ°NPOUIMZÇ° operation results determined in cooperation with AOTâ&#x20AC;&#x2122;s involved executives and the auditor Ç° UPÇ° FOTVSFÇ° UIBUÇ° FTTFOUJBMÇ° JOGPSNBUJPOÇ° PGÇ° UIFÇ° Å³OBODJBMÇ° SFQPSUÇ° XBTÇ° DPSSFDUMZÇ° QSFQBSFEÇ° BOEÇ° Ç° TVGÅ³DJFOUMZÇ°EJTDMPTFE Ç°"MTP Ç°JUÇ°NVTUÇ°CFÇ°JOÇ°MJOFÇ°XJUIÇ°UIFÇ°HFOFSBMMZÇ°BDDFQUFEÇ°BDDPVOUJOHÇ°TUBOEBSET Ä»Ç° "Ç°TFQBSBUFÇ°NFFUJOHÇ°POÇ°UIFÇ°DPNQBOZÄ´TÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°BOEÇ°SFNBSLTÇ°BSJTFOÇ°GSPNÇ°UIFÇ°BVEJU Ç° etc. was held between the Audit Committee and the auditor without the executives. Ä»Ç° 5PÇ°SFWJFXÇ°PGÇ°NVUVBMÇ°USBOTBDUJPOTÇ°XIJDIÇ°NBZÇ°DBVTFÇ°DPOÅ´JDUTÇ°PGÇ°JOUFSFTUÇ°BNPOHÇ°UIFÇ°TUBLFIPMEFSTÇ° and AOT. The result of such review was in accordance with the nature of business. Ä»Ç° 5PÇ°SFWJFXÇ°PGÇ°FGÅ³DJFODZÇ°BOEÇ°FGGFDUJWFOFTTÇ°PGÇ°UIFÇ°JOUFSOBMÇ°DPOUSPMÇ°TZTUFNÇ°BOEÇ°SJTLÇ°NBOBHFNFOU Ç° The Audit Committee also provided suggestions to the Board of Directors and management to improve AOTâ&#x20AC;&#x2122;s internal control system and risk management to meet acceptable levels. In addition, the Audit Committee examined, suggested and reported the progress on the internal control system as per the Rules of the Auditor General on Internal Control Standards Ç° # & Ç° Ç°

Ä»Ç° 5PÇ°SFWJFXÇ°PGÇ°UIFÇ°DPSQPSBUFÇ°HPWFSOBODFÄ´TÇ°PQFSBUJPOÇ°SFTVMUÇ°UPÇ°FOTVSFÇ°UIBUÇ°UIFÇ°SVMFT Ç°SFHVMBUJPOT Ç°MBXT Ç°BOEÇ°MJTUFEÇ° companiesâ&#x20AC;&#x2122; good corporate governance principles were followed. Ä»Ç° 5PÇ°SFWJFXÇ°PGÇ°UIFÇ°"VEJUÇ°$PNNJUUFFÇ°$IBSUFS Ç°BQQSPWBMÇ°PGÇ°UIFÇ°"VEJUÇ°0GÅ³DFÄ´TÇ°DIBSUFSÇ°BOEÇ°JUTÇ°NBOVBMÇ°POÇ°JOUFSOBMÇ°BVEJU Ç° Ç° BTÇ°XFMMÇ°BTÇ°QFSGPSNBODFÇ°FWBMVBUJPOÇ°PGÇ°UIFÇ°EJSFDUPSÇ°PGÇ°UIFÇ°"VEJUÇ°0GÅ³DF Ä»Ç° 5PÇ°TVQFSWJTF Ç°TVHHFTUÇ°BOEÇ°TVQQPSUÇ°POÇ°UIFÇ°"VEJUÇ°0GÅ³DFÄ´TÇ°JOEFQFOEFOUÇ°PQFSBUJPOT Ç°5PÇ°SFWJFXÇ°PGÇ° Ç°JOUFSOBMÇ°BVEJUÇ° Ç° SFTVMUTÇ°BOEÇ°UIFÇ°GPMMPX VQÇ°POÇ°SFDUJÅ³DBUJPOTÇ°BTÇ°QFSÇ°TVHHFTUJPOTÇ°JOÇ°UIFÇ°SFQPSUÇ°UPÇ°DSFBUFÇ°FGÅ³DJFODZÇ°BOEÇ°FGGFDUJWFOFTT Ç° Additionally, the Audit Committee also approved AOTâ&#x20AC;&#x2122;s 2014 internal audit plan as well as the long term internal Ç° BVEJUÇ°QMBOÇ°GPSÇ° Ç° Ç° Ç°5IFÇ°"VEJUÇ°$PNNJUUFFÇ°TUSFOHUIFOFEÇ°UIFÇ°FGGFDUJWFOFTTÇ°PGÇ°UIFÇ°JOUFSOBMÇ°BVEJUÄ´TÇ°PQFSBUJPOÇ° Ç° XPSLÇ°TVDIÇ°BTÇ°EFWFMPQNFOUÇ°PGÇ°BVEJUJOHÇ°NFUIPEÇ°BOEÇ°BVEJUJOHÇ°USBJOJOHÇ°GPSÇ°TUBGGÇ°BUÇ°UIFÇ°"VEJUÇ°0GÅ³DF Ç° Ä»Ç° 5PÇ°QSPQPTFÇ°UIFÇ°BVEJUPSÇ°BOEÇ°UIFÇ°SFNVOFSBUJPOÇ°UPÇ°UIFÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°JOÇ°PSEFSÇ°GPSÇ°UIFÇ°TIBSFIPMEFSTÄ´Ç°BQQSPWBMÇ°UPÇ° Ç° BQQPJOUÇ°UIFÇ°0GÅ³DFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBMÇ°PGÇ°5IBJMBOEÇ°BTÇ°UIFÇ°DPNQBOZÄ´TÇ°BVEJUPSÇ°GPSÇ° Ç° The Audit Committee concluded that the AOTâ&#x20AC;&#x2122;s management and operations possessed good corporate governance QSJODJQMFT Ç°TVGÅ³DJFOUÇ°BOEÇ°BQQSPQSJBUFÇ°SJTLÇ°NBOBHFNFOUÇ°BOEÇ°JOUFSOBMÇ°DPOUSPM Ç°Å³OBODJBMÇ°SFQPSUTÇ°EJTDMPTFEÇ°BDDVSBUFÇ°BOEÇ° adequate information which were in conformity with the generally accepted accounting standards, including operations which were in compliance with rules, regulations and concerned laws.

(Mr. Nantasak Poolsuk

Chairman of the Audit Committee

Auditorâ&#x20AC;&#x2122;s Report To The Shareholders of Airports of Thailand Public Company Limited

5IFÇ°0GĹłDFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBMÇ°PGÇ°5IBJMBOEÇ°IBTÇ°BVEJUFEÇ°UIFÇ°BDDPNQBOZJOHÇ°DPOTPMJEBUFEÇ°ĹłOBODJBMÇ°TUBUFNFOUTÇ°PGÇ°"JSQPSUTÇ° PGÇ°5IBJMBOEÇ°1VCMJDÇ°$PNQBOZÇ°-JNJUFEÇ°BOEÇ°JUTÇ°TVCTJEJBSZ Ç°BOEÇ°DPNQBOZÇ°ĹłOBODJBMÇ°TUBUFNFOUTÇ°PGÇ°"JSQPSUTÇ°PGÇ°5IBJMBOEÇ°1VCMJDÇ° $PNQBOZÇ°-JNJUFE Ç°XIJDIÇ°DPNQSJTFÇ°UIFÇ°DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ°TUBUFNFOUTÇ°PGÇ°ĹłOBODJBMÇ°QPTJUJPOÇ°BTÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°BOEÇ°UIFÇ°DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ°TUBUFNFOUTÇ°PGÇ°JODPNF Ç°UIFÇ°DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ°TUBUFNFOUTÇ°PGÇ° comprehensive income, the consolidated and company statements of changes in shareholdersâ&#x20AC;&#x2122; equity and the DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ°TUBUFNFOUTÇ°PGÇ°DBTIÇ°Ĺ´PXTÇ°GPSÇ°UIFÇ°ZFBSÇ°UIFOÇ°FOEFE Ç°BOEÇ°BÇ°TVNNBSZÇ°PGÇ°TJHOJĹłDBOUÇ°BDDPVOUJOHÇ° policies and other explanatory information. Managementâ&#x20AC;&#x2122;s Responsibility for the Consolidated and Company Financial Statements .BOBHFNFOUÇ° JTÇ° SFTQPOTJCMFÇ° GPSÇ° UIFÇ° QSFQBSBUJPOÇ° BOEÇ° GBJSÇ° QSFTFOUBUJPOÇ° PGÇ° UIFTFÇ° DPOTPMJEBUFEÇ° BOEÇ° DPNQBOZÇ° ĹłOBODJBMÇ° statements in accordance with Thai Financial Reporting Standards, and for such internal control as management EFUFSNJOFTÇ°JTÇ°OFDFTTBSZÇ°UPÇ°FOBCMFÇ°UIFÇ°QSFQBSBUJPOÇ°PGÇ°DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ°ĹłOBODJBMÇ°TUBUFNFOUTÇ°UIBUÇ°BSFÇ°GSFFÇ°GSPNÇ° material misstatement, whether due to fraud or error. Auditorâ&#x20AC;&#x2122;s Responsibility 5IFÇ°0GĹłDFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBMÇ°PGÇ°5IBJMBOEÄ´TÇ°SFTQPOTJCJMJUZÇ°JTÇ°UPÇ°FYQSFTTÇ°BOÇ°PQJOJPOÇ°POÇ°UIFTFÇ°DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ° ĹłOBODJBMÇ°TUBUFNFOUTÇ°CBTFEÇ°POÇ°UIFÇ°BVEJU Ç°5IFÇ°0GĹłDFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBMÇ°PGÇ°5IBJMBOEÇ°DPOEVDUFEÇ°UIFÇ°BVEJUÇ°JOÇ°BDDPSEBODFÇ° XJUIÇ°5IBJÇ°4UBOEBSETÇ°POÇ°"VEJUJOH Ç°5IPTFÇ°TUBOEBSETÇ°SFRVJSFÇ°UIBUÇ°UIFÇ°0GĹłDFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBMÇ°PGÇ°5IBJMBOEÇ°DPNQMZÇ°XJUIÇ° ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated BOEÇ°DPNQBOZÇ°ĹłOBODJBMÇ°TUBUFNFOUTÇ°BSFÇ°GSFFÇ°GSPNÇ°NBUFSJBMÇ°NJTTUBUFNFOU An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated BOEÇ°DPNQBOZÇ°ĹłOBODJBMÇ°TUBUFNFOUT Ç°5IFÇ°QSPDFEVSFTÇ°TFMFDUFEÇ°EFQFOEÇ°POÇ°UIFÇ°BVEJUPSÄ´TÇ°KVEHNFOU Ç°JODMVEJOHÇ°UIFÇ°BTTFTTNFOUÇ° PGÇ°UIFÇ°SJTLTÇ°PGÇ°NBUFSJBMÇ°NJTTUBUFNFOUÇ°PGÇ°UIFÇ°DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ°ĹłOBODJBMÇ°TUBUFNFOUT Ç°XIFUIFSÇ°EVFÇ°UPÇ°GSBVEÇ°PSÇ° error. In making those risk assessments, the auditor considers internal control relevant to the entityâ&#x20AC;&#x2122;s preparation and GBJSÇ°QSFTFOUBUJPOÇ°PGÇ°UIFÇ°DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ°ĹłOBODJBMÇ°TUBUFNFOUTÇ°JOÇ°PSEFSÇ°UPÇ°EFTJHOÇ°BVEJUÇ°QSPDFEVSFTÇ°UIBUÇ°BSFÇ° appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entityâ&#x20AC;&#x2122;s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated and DPNQBOZÇ°ĹłOBODJBMÇ°TUBUFNFOUT Ç° 5IFÇ°0GĹłDFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBMÇ°PGÇ°5IBJMBOEÇ°CFMJFWFTÇ°UIBUÇ°UIFÇ°BVEJUÇ°FWJEFODFÇ°UIFÇ°0GĹłDFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBMÇ°PGÇ° 5IBJMBOEÇ°IBTÇ°PCUBJOFEÇ°JTÇ°TVGĹłDJFOUÇ°BOEÇ°BQQSPQSJBUFÇ°UPÇ°QSPWJEFÇ°BÇ°CBTJTÇ°GPSÇ°UIFÇ°0GĹłDFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBMÇ°PGÇ°5IBJMBOEÄ´TÇ° audit opinion. Opinion *OÇ°UIFÇ°0GĹłDFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBMÇ°PGÇ°5IBJMBOEÄ´TÇ°PQJOJPO Ç°UIFÇ°BCPWFÇ°NFOUJPOFEÇ°DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ°ĹłOBODJBMÇ° TUBUFNFOUTÇ°QSFTFOUÇ°GBJSMZ Ç°JOÇ°BMMÇ°NBUFSJBMÇ°SFTQFDUT Ç°UIFÇ°DPOTPMJEBUFEÇ°ĹłOBODJBMÇ°QPTJUJPOÇ°PGÇ°"JSQPSUTÇ°PGÇ°5IBJMBOEÇ°1VCMJDÇ° $PNQBOZÇ°-JNJUFEÇ°BOEÇ°JUTÇ°TVCTJEJBSZ Ç°BOEÇ°DPNQBOZÇ°ĹłOBODJBMÇ°QPTJUJPOÇ°PGÇ°"JSQPSUTÇ°PGÇ°5IBJMBOEÇ°1VCMJDÇ°$PNQBOZÇ°-JNJUFE Ç° SFTQFDUJWFMZ Ç°BTÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°BOEÇ°UIFJSÇ°DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ°ĹłOBODJBMÇ°QFSGPSNBODFÇ°BOEÇ°DBTIÇ°Ĺ´PXTÇ°GPSÇ° the year then ended in accordance with Thai Financial Reporting Standards. (Poungchomnad +ariyajinda

Deputy Auditor General

0GĹłDFÇ°PGÇ°UIFÇ°"VEJUPSÇ°(FOFSBMÇ°PGÇ°5IBJMBOE November 21, 2014

(Klednatee Manosan

Director of Financial Audit OfĹłce No.5

Statements of Financial Position Airports of Thailand Public Company Limited and Its Subsidiary As at September 30, 2014 6OJUÇ° Ç°#BIU

Consolidated Notes

Assets Current assets $BTIÇ°BOEÇ°DBTIÇ°FRVJWBMFOUTÇ° Ç° 4IPSU UFSNÇ°JOWFTUNFOUTÇ° Ç° 5SBEFÇ°BDDPVOUTÇ°SFDFJWBCMFÇ° Ç° 0UIFSÇ°SFDFJWBCMFTÇ° Ç° *OWFOUPSJFTÇ°BOEÇ°TVQQMJFTÇ° Ç° 0UIFSÇ°DVSSFOUÇ°BTTFUTÇ°Ç° Total current assets Non - current assets Ç° %FQPTJUÇ°BUÇ°Å³OBODJBMÇ°JOTUJUVUJPOÇ°XJUIÇ°NBUVSJUZÇ° Ç° Ç° NPSFÇ°UIBOÇ°POFÇ°ZFBSÇ° Ç° *OWFTUNFOUÇ°JOÇ°CPOETÇ°Ç°Ç° Ç° "WBJMBCMF GPS TBMFÇ°JOWFTUNFOUÇ°Ç° Ç° *OWFTUNFOUTÇ°JOÇ°TVCTJEJBSJFTÇ° Ç° (FOFSBMÇ°JOWFTUNFOUTÇ° Ç° *OWFTUNFOUÇ°QSPQFSUJFTÇ°Ç° Ç° 1SPQFSUZÇ° Ç°QMBOUÇ°BOEÇ°FRVJQNFOUÇ°Ç° Ç° "TTFUTÇ°VOEFSÇ°DPOTUSVDUJPOÇ°Ç° Ç° *OUBOHJCMFÇ°BTTFUTÇ° Ç° %FGFSSFEÇ°UBYÇ°BTTFUTÇ° Ç° 0UIFSÇ°OPOÇ° Ç°DVSSFOUÇ°BTTFUTÇ°Ç° Total non - current assets Total assets

Ç° Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç°

The accompanying notes are an integral part of these financial statements.

2014

Ç° Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° 47,355,453,665

2013

Ç° Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° 43,532,191,320

The Company 2014

Ç° Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° 47,340, 40,219

2013

Ç° Ç° Ç° Ç° Ç° Ç° 43,515,147,946

Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç° 106,433,3 7,965 109,52 ,762,764 105,553,292,792 147,151,736,92 153,7 , 41,630 153,060,954,0 4 152, 94,133,011 190,666, 4, 74

Statements of Financial Position Airports of Thailand Public Company Limited and Its Subsidiary As at September 30, 2014 6OJUÇ° Ç°#BIU

Consolidated Notes

Liabilities and shareholdersâ&#x20AC;&#x2122; equity Current liabilities #BOLÇ°0WFSESBGUTÇ° Ç° 5SBEFÇ°BDDPVOUTÇ°QBZBCMFÇ° Ç° 8PSLÇ°JOÇ°QSPDFTTFTÇ°QBZBCMFÇ°Ç° Ç° $VSSFOUÇ°QPSUJPOÇ°PGÇ°Ç°MPOHÇ° Ç°UFSNÇ°Ç°MJBCJMJUJFTÇ° Ç° 1SPNJTTPSZÇ°OPUFÇ°Ç° Ç° *ODPNFÇ°UBYÇ°QBZBCMFÇ° Ç° "DDSVFEÇ°FYQFOTFTÇ°Ç° Ç° 3FGVOEBCMFÇ°BOEÇ°HVBSBOUFFÇ°EFQPTJUTÇ° Ç° 4IPSUÇ° Ç°UFSNÇ°QSPWJTJPOTÇ° Ç° 0UIFSÇ°DVSSFOUÇ°MJBCJMJUJFTÇ° Total current liabilities Non - current liabilities Ç° -POHÇ° Ç°UFSNÇ°MPBOTÇ°Ç° Ç° 'JOBODFÇ°MFBTFEÇ°MJBCJMJUJFTÇ° Ç° &NQMPZFFÇ°CFOFÅ³UÇ°PCMJHBUJPOTÇ°Ç° Ç° -POHÇ° Ç°UFSNÇ°QSPWJTJPOTÇ°Ç° Ç° 0UIFSÇ°OPOÇ° Ç°DVSSFOUÇ°MJBCJMJUJFTÇ°Ç° Total non - current liabilities Total liabilities Shareholdersâ&#x20AC;&#x2122; equity Share capital Authorized share capital Ç°Ç° Ç° Ç°PSEJOBSZÇ°TIBSFTÇ° Ç°Ç° Ç° Ç° PGÇ°#BIUÇ° Ç°FBDIÇ°Ç° Issued and fully paid - up share capital Ç°Ç° Ç° Ç°PSEJOBSZÇ°TIBSFT Ç°Ç° Ç° Ç° PGÇ°#BIUÇ° Ç°FBDIÇ°Ç° Ç° 1SFNJVNÇ°POÇ°TIBSFÇ°DBQJUBMÇ° Retained earnings Ç° Ç° "QQSPQSJBUFEÇ° Ç°-FHBMÇ°SFTFSWFÇ°Ç° Ç°Ç° Ç° 6OBQQSPQSJBUFEÇ°Ç° Ç° 0UIFSÇ°DPNQPOFOUTÇ°PGÇ°TIBSFIPMEFSTÄ´Ç°FRVJUZÇ° Total equity attributable to owners of the parent Ç° /PO DPOUSPMMJOHÇ°JOUFSFTUTÇ° Total shareholdersâ&#x20AC;&#x2122; equity Total liabilities and shareholdersâ&#x20AC;&#x2122; equity

2014

The Company

2013

2014

2013

Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç°Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° 57,50 , 2 , 04

Ç°Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç°Ç°

Ç°Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç°Ç° 3 ,033,346,997 56,541,436,292

Ç°Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç°Ç° 41, 69,003, 3 61,321,02 ,0 2

Ç°Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç°Ç° 37,525,03 ,361 55,543,957,746

Ç° Ç° Ç° Ç° Ç° 41,209,9 4,00 9 ,71 , 12, 12

Ç°

Ç°Ç°

Ç°

Ç°Ç° Ç°Ç°

Ç° Ç°

Ç°Ç° Ç° Ç°Ç° Ç°Ç°

Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç° 97,350,175,265 91,94 ,072,062 97,044,246,109 91,57 ,917,226 Ç°Ç° Ç°Ç° Ç°Ç° Ç° 97,247,405,33 91,739,926,002 97,350,175,265 91,94 ,072,062 153,7 , 41,630 153,060,954,0 4 152, 94,133,011 190,666, 4, 74

The accompanying notes are an integral part of these financial statements.

(Nirandra Theeranartsin) Board of Directors Airports of Thailand Public Company Limited Acting President

(Poolsiri Virojanapa) Senior Executive Vice President

Statements of Income Airports of Thailand Public Company Limited and Its Subsidiary For the Year Ended September 30, 2014 6OJUÇ° Ç°#BIU

Consolidated Notes

Revenues from sales or services Ç° -BOEJOHÇ°BOEÇ°QBSLJOHÇ°DIBSHFTÇ° Ç° 1BTTFOHFSÇ°TFSWJDFÇ°DIBSHFTÇ° Ç° "JSDSBGUÇ°TFSWJDFÇ°DIBSHFTÇ°Ç° Ç° 0GĹłDFÇ°BOEÇ°TUBUFÇ°QSPQFSUZÇ°SFOUTÇ°Ç° Ç° 4FSWJDFÇ°SFWFOVFTÇ°Ç° Ç° $PODFTTJPOÇ°SFWFOVFTÇ° Total revenues from sales or services Other income Ç° (BJOÇ°POÇ°GPSFJHOÇ°FYDIBOHFÇ° Ç° *OUFSFTUÇ°JODPNFÇ°Ç° Ç° 0UIFSÇ°JODPNFÇ° Total other income Total revenues Expenses Ç° &NQMPZFFÇ°CFOFĹłUÇ°FYQFOTFTÇ°Ç° Ç° 6UJMJUJFTÇ°FYQFOTFTÇ°Ç° Ç° 0VUTPVSDJOHÇ°FYQFOTFTÇ° Ç° 3FQBJSTÇ°BOEÇ°NBJOUFOBODFÇ°Ç° Ç° 4UBUFÇ°QSPQFSUZÇ°SFOUBMÇ° Ç° %FQSFDJBUJPOÇ°BOEÇ°BNPSUJTBUJPOÇ°FYQFOTFÇ° Ç° -PTTÇ° SFWFSTBMÇ°PGÇ°MPTT Ç°POÇ°JNQBJSNFOUÇ°PGÇ°BTTFUTÇ° Ç° -PTTÇ° HBJO Ç°POÇ°TBMFTÇ°PGÇ°BTTFUTÇ° Ç° 0UIFSÇ°FYQFOTFTÇ° Ç° 'JOBODJBMÇ°DPTUTÇ° Total expenses ProĹłt before income tax expense *ODPNFÇ°UBYÇ°FYQFOTFÇ°Ç° ProĹłt for the year ProĹłt attributable to: Ç° 0XOFSTÇ°PGÇ°UIFÇ°QBSFOUÇ° Ç° /PO DPOUSPMMJOHÇ°JOUFSFTUTÇ° Ç° Ç°Ç° Ç° Ç° Earnings per share Ç° #BTJDÇ°FBSOJOHTÇ°QFSÇ°TIBSFÇ°

2014

The Company

2013

2014

2013

Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç° 37,5 5,460,070

Ç° Ç° Ç° Ç° Ç° Ç° 36, 10,405,466

Ç° Ç° Ç° Ç° Ç° Ç° 36,79 ,771,573

Ç° Ç° Ç° Ç° Ç° Ç° 36,110,767,631

Ç° Ç° Ç°

Ç° Ç° Ç° 2,1 5,271,121 39,770,731,191

Ç° Ç° Ç° 4, 61, 57,159 41,672,262,625

Ç° Ç° Ç° 2,091,246,127 3 , 90,017,700

Ç° Ç° Ç° 4,7 5, 29,95 40, 96,597,5 9

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° 24,501,756,327 15,26 ,974, 64 Ç° 12,262,204,517

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° 20,445,991,6 9 21,226,270,936 Ç° 16,356,790,0 1

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° 23,725,620,969 15,164,396,731 Ç° 12,157,626,3 4

Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° 19,693,939,200 21,202,65 ,3 9 Ç° 16,333,177,534

Ç° Ç° Ç°

Ç°

Ç° Ç° Ç° Ç° Ç°

The accompanying notes are an integral part of these financial statements.

(Nirandra Theeranartsin) Board of Directors Airports of Thailand Public Company Limited Acting President

(Poolsiri Virojanapa) Senior Executive Vice President

Statements of Comprehensive Income Airports of Thailand Public Company Limited and Its Subsidiary For the Year Ended September 30, 2014 6OJUÇ° Ç°#BIU

Consolidated 2014 ProĹłt for the year Other comprehensive income : Ç° (BJOÇ°POÇ°SFNFBTVSJOHÇ°BWBJMBCMF GPS TBMFÇ°JOWFTUNFOUÇ° Ç° "DUVBSJBMÇ°MPTTÇ° Income tax relating to components of other Ç° Ç° DPNQSFIFOTJWFÇ°JODPNFÇ° Other comprehensive income (loss for the year - net of income tax Total comprehensive income for the year Total comprehensive income attributable to: Ç° 0XOFSTÇ°PGÇ°UIFÇ°QBSFOUÇ° Ç° /PO DPOUSPMMJOHÇ°JOUFSFTUTÇ° Ç° Ç° Ç° Ç°

The Company

2013

2014

2013

12,262,204,517

16,356,790,0 1

12,157,626,3 4

16,333,177,534

Ç° Ç°

Ç°

Ç°Ç°

Ç°

(1 4,019,562

12,07 ,1 4,955

159,264,000 16,516,054,0 1

(1 4, 17,562

11,972, 0 , 22

159,264,000 16,492,441,534

Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

The accompanying notes are an integral part of these financial statements.

(Nirandra Theeranartsin) Board of Directors Airports of Thailand Public Company Limited Acting President

(Poolsiri Virojanapa) Senior Executive Vice President

Ç°

Consolidated

Premium on share capital

Ç° Ç°Ç° Ç° Ç°Ç° 14,2 5,700,000 12,567,669,243

Ç° Ç°Ç° Ç° Ç°Ç° 14,2 5,700,000 12,567,669,243 14,2 5,700,000 12,567,669,243 Ç° Ç°Ç° Ç° Ç°Ç°

Ç° Ç°Ç° 62, 17, 41,9 3 62, 17, 41,9 3 Ç° Ç°

Ç° Ç°Ç° 91,57 ,917,226 91,57 ,917,226 Ç° Ç° Ç° Ç°Ç° Ç° Ç°Ç° 739,37 ,174 97,044,246,109

Ç° Ç°Ç° 479,136,000 479,136,000 Ç° Ç°Ç°

319, 72,000 77,643,253,172 Ç° Ç°Ç° Ç° Ç°

Total shareholdersâ&#x20AC;&#x2122; equity

6OJUÇ° Ç°#BIU

Ç° Ç° 91,739,926,002 91,739,926,002 Ç°

(Poolsiri Virojanapa) Senior Executive Vice President

Ç° Ç°Ç° Ç° Ç° 203,159,229 97,247,405,33

Ç° Ç°Ç° 161,00 ,776 161,00 ,776 Ç° Ç°Ç°

151,563,757 77,794, 16,929 Ç° Ç°Ç° Ç°

Non-controlling interests

(Nirandra Theeranartsin) Board of Directors Airports of Thailand Public Company Limited Acting President

Ç° Ç°Ç° Ç° Ç°Ç° 1,42 ,570,000 6 ,022,92 ,692

Ç° Ç°Ç° 1,42 ,570,000 1,42 ,570,000 Ç° Ç°Ç°

1,42 ,570,000 49,041,441,929 Ç° Ç°Ç° Ç° Ç°

Legal reserve

Retained earnings

Other components of shareholdersâ&#x20AC;&#x2122; equity Other comprehensive Total equity income of attributable to available-for-sale owners of Unappropriated investment the parent

Total equity attributable to owners of the parent

14,2 5,700,000 12,567,669,243 Ç° Ç°Ç° Ç° Ç°Ç°

Issued and fully paid - up share capital

The accompanying notes are an integral part of these financial statements.

Balance as at October 1, 2012 %JWJEFOEÇ°QBJEÇ°Ç°Ç° Total comprehensive income Ç° GPSÇ°UIFÇ°ZFBSÇ°Ç° Balance as at September 30, 2013 Balance as at October 1, 2013 %JWJEFOEÇ°QBJEÇ° Total comprehensive income Ç° GPSÇ°UIFÇ°ZFBSÇ°Ç° Balance as at September 30, 2014

Note

For the Year Ended September 30, 2014

Airports of Thailand Public Company Limited and Its Subsidiary

Statements of Changes in Shareholdersâ&#x20AC;&#x2122; Equity

Ç° Ç°

14,2 5,700,000 Ç° Ç°Ç° Ç° Ç°Ç° 14,2 5,700,000 14,2 5,700,000 Ç° Ç°Ç° Ç° Ç°Ç° 14,2 5,700,000

Issued and fully Note paid - up share capital

The accompanying notes are an integral part of these financial statements.

Balance as at October 1, 2012 %JWJEFOEÇ°QBJEÇ° 5PUBMÇ°DPNQSFIFOTJWFÇ°JODPNFÇ°GPSÇ°UIFÇ°ZFBSÇ° Balance as at September 30, 2013 Balance as at October 1, 2013 %JWJEFOEÇ°QBJEÇ°Ç° 5PUBMÇ°DPNQSFIFOTJWFÇ°JODPNFÇ°GPSÇ°UIFÇ°ZFBSÇ° Balance as at September 30, 2014

For the Year Ended September 30, 2014

Airports of Thailand Public Company Limited and Its Subsidiary

12,567,669,243 Ç° Ç°Ç° Ç° Ç°Ç° 12,567,669,243 12,567,669,243 Ç° Ç°Ç° Ç° Ç°Ç° 12,567,669,243

Premiun on share capital

The Company

Statements of Changes in Shareholdersâ&#x20AC;&#x2122; Equity

49,424,764,293 Ç° Ç° Ç° Ç°Ç° 63,1 6,996, 19 63,1 6,996, 19 Ç° Ç° Ç° Ç°Ç° 6 ,32 , 57, 4

Unappropriated

7 ,026,575,536 Ç°

Ç° Ç° 91,94 ,072,062 91,94 ,072,062 Ç°

Ç° Ç° 97,350,175,265

(Poolsiri Virojanapa) Senior Executive Vice President

319, 72,000 Ç° Ç°Ç° Ç° Ç°Ç° 479,136,000 479,136,000 Ç° Ç°Ç° Ç° Ç°Ç° 739,37 ,174

Other components of shareholdersâ&#x20AC;&#x2122; equity Other comprehensive income of available-for-sale Total investment shareholdersâ&#x20AC;&#x2122; equity

(Nirandra Theeranartsin) Board of Directors Airports of Thailand Public Company Limited Acting President

1,42 ,570,000 Ç° Ç°Ç° Ç° Ç°Ç° 1,42 ,570,000 1,42 ,570,000 Ç° Ç°Ç° Ç° Ç°Ç° 1,42 ,570,000

Legal reserve

Retained earnings

6OJUÇ° Ç°#BIU

Statements of Cash Flows Airports of Thailand Public Company Limited and Its Subsidiary For the Year Ended September 30, 2014 6OJUÇ° Ç°#BIU

Consolidated Notes

Cash Å´ows from operating activities 1SPÅ³UÇ°CFGPSFÇ°JODPNFÇ°UBYÇ°FYQFOTFÇ° "EKVTUNFOUÇ°UPÇ°SFDPODJMFÇ°QSPÅ³UÇ°CFGPSFÇ°JODPNFÇ°UBYÇ°FYQFOTFÇ°Ç° to net cash provided by (paid from) operating activities : Ç° Ç° %PVCUGVMÇ°BDDPVOUÇ° Ç° Ç° "MMPXBODFÇ°GPSÇ°EBNBHFEÇ°BOEÇ°PCTPMFUFEÇ°TVQQMJFTÇ° Ç° Ç° %FQSFDJBUJPOÇ°BOEÇ°BNPSUJTBUJPOÇ°FYQFOTFTÇ° Ç° Ç° *ODPNFÇ°GSPNÇ°EPOBUFEÇ°BTTFUTÇ° Ç° Ç° -PTTÇ° SFWFSTBMÇ°PGÇ°MPTT Ç°POÇ°JNQBJSNFOUÇ°PGÇ°BTTFUTÇ°Ç° Ç° Ç° (BJOÇ°POÇ°GPSFJHOÇ°FYDIBOHFÇ°Ç° Ç°Ç° Ç° -PTTÇ° HBJO Ç°POÇ°EJTQPTBMÇ°PGÇ°FRVJQNFOUTÇ° Ç° Ç° %FGFSSFEÇ°JODPNFÇ°Ç° Ç°Ç° Ç° 1SPWJTJPOTÇ°Ç° Ç° Ç° %JWJEFOEÇ°JODPNFÇ° Ç° Ç° 1SPWJTJPOÇ°GPSÇ°FNQMPZFFÇ°CFOFÅ³UÇ°PCMJHBUJPOTÇ° Ç° Ç° *OUFSFTUÇ°JODPNFÇ° Ç° Ç° 'JOBODJBMÇ°DPTUTÇ°Ç° 0QFSBUJOHÇ°QSPÅ³UÇ°CFGPSFÇ°DIBOHFTÇ°JOÇ° Ç° PQFSBUJOHÇ°BTTFUTÇ°BOEÇ°MJBCJMJUJFTÇ° Decrease (increase) in operating assets Ç° Ç° 5SBEFÇ°BDDPVOUTÇ°SFDFJWBCMFÇ°Ç° Ç° Ç° 0UIFSÇ°SFDFJWBCMFTÇ° Ç° Ç° Ç°*OWFOUPSJFTÇ°BOEÇ°TVQQMJFTÇ° Ç° Ç° 0UIFSÇ°DVSSFOUÇ°BTTFUTÇ° Ç° Ç° 0UIFSÇ°OPOÇ° Ç°DVSSFOUÇ°BTTFUTÇ° Increase (decrease) in operating liabilities Ç° Ç° 5SBEFÇ°BDDPVOUTÇ°QBZBCMFÇ° Ç° Ç° "DDSVFEÇ°FYQFOTFTÇ° Ç° Ç° 3FGVOEBCMFÇ°BOEÇ°HVBSBOUFFÇ°EFQPTJUTÇ° Ç° Ç° 0UIFSÇ°DVSSFOUÇ°MJBCJMJUJFTÇ° Ç° Ç° -POHÇ° Ç°UFSNÇ°QSPWJTJPOTÇ° Ç° Ç° &NQMPZFFÇ°CFOFÅ³UÇ°PCMJHBUJPOTÇ° Ç° Ç° 0UIFSÇ°OPOÇ° Ç°DVSSFOUÇ°MJBCJMJUJFTÇ° Ç° Ç° Ç° Ç° Ç° Ç° *OUFSFTUÇ°SFDFJWFEÇ° Ç° Ç° *ODPNFÇ°UBYÇ°QBJEÇ° /FUÇ°DBTIÇ°QSPWJEFEÇ°CZÇ°PQFSBUJOHÇ°BDUJWJUJFTÇ°

2014

2013

The Company 2014

2013

Ç° Ç°

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Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°Ç° Ç° Ç° Ç° Ç° Ç° Ç°Ç° Ç° Ç° Ç° Ç° Ç° Ç°

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Ç° Ç° Ç° Ç° Ç°

Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°

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Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç°Ç° Ç° Ç°Ç° Ç° Ç° Ç° Ç° Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç°

Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç° Ç°Ç° Ç° Ç°Ç°

Ç° Ç° Ç°Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°Ç°

Ç°

Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

Ç°

The accompanying notes are an integral part of these financial statements.

Statements of Cash Flows Airports of Thailand Public Company Limited and Its Subsidiary For the Year Ended September 30, 2014 6OJUÇ° Ç°#BIU

Consolidated Notes

Cash Åóws from investing activities Ç° $BTIÇ°SFDFJWFEÇ°GSPNÇ°TIPSU UFSNÇ°JOWFTUNFOUTÇ° Ç° *OWFTUFEÇ°JOÇ°TIPSU UFSNÇ°JOWFTUNFOUTÇ°Ç° Ç° *OWFTUFEÇ°JOÇ°EFQPTJUÇ°BUÇ°Å³OBODJBMÇ°JOTUJUVUJPOÇ°XJUIÇ°NBUVSJUZÇ° Ç° Ç° NPSFÇ°UIBOÇ°POFÇ°ZFBSÇ° Ç° $BTIÇ°SFDFJWFEÇ°GSPNÇ°JOWFTUNFOUÇ°JOÇ°CPOETÇ° Ç° *OWFTUFEÇ°JOÇ°JOWFTUNFOUÇ°JOÇ°CPOETÇ° Invested in available-for-sale investment Ç° %JWJEFOEÇ°SFDFJWFEÇ°GSPNÇ°JOWFTUNFOUTÇ° Ç° $BTIÇ°SFDFJWFEÇ°GSPNÇ°TBMFÇ°PGÇ°HFOFSBMÇ°JOWFTUNFOUÇ° Ç° $BTIÇ°SFDFJWFEÇ°GSPNÇ°TBMFÇ°PGÇ°BTTFUTÇ°Ç° Ç° *OWFTUFEÇ°JOÇ°JOWFTUNFOUÇ°QSPQFSUJFTÇ° Invested in property plant and equipment Ç° Ç° BOEÇ°BTTFUTÇ°VOEFSÇ°DPOTUSVDUJPOÇ°Ç° Ç° *OWFTUFEÇ°JOÇ°JOUBOHJCMFÇ°BTTFUTÇ° /FUÇ°DBTIÇ°VTFEÇ°JOÇ°JOWFTUJOHÇ°BDUJWJUJFTÇ° Cash Åóws from Å³nancing activities Ç° $BTIÇ°QBJEÇ°GPSÇ°SFQBZNFOUÇ°PGÇ°Å³OBODFÇ°MFBTFEÇ°MJBCJMJUJFTÇ°Ç° Ç° $BTIÇ°QBJEÇ°GPSÇ°SFQBZNFOUÇ°PGÇ°MPOHÇ° Ç°UFSNÇ°MPBOTÇ° Ç° %JWJEFOEÇ°QBJEÇ° Ç° *OUFSFTUÇ°QBJEÇ°Ç° /FUÇ°DBTIÇ°VTFEÇ°JOÇ°Å³OBODJOHÇ°BDUJWJUJFTÇ° Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Supplementary cash Åóws information *ODSFBTFÇ°JOÇ°QPSQFSUZÇ°QMBOUÇ°BOEÇ°FRVJQNFOUÇ°GSPNÇ°EPOBUJPOÇ° Purchase of property plant and equipment, assets under Ç° DPOTUSVDUJPOÇ°BOEÇ°JOWFTUNFOUÇ°QSPQFSUJFTÇ°POÇ°QBZBCMFÇ° 1VSDIBTFÇ°PGÇ°FRVJQNFOUÇ°VOEFSÇ°Å³OBODJBMÇ°MFBTFTÇ°BHSFFNFOUÇ°

2014

The Company

2013

2014

Ç°Ç° Ç° Ç° Ç°

2013

Ç° Ç°

Ç°Ç° Ç°

Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç°Ç° Ç°Ç° Ç° (1,000,000) Ç°Ç° Ç°Ç° Ç°Ç° Ç°

Ç° Ç°Ç° Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç°

Ç° Ç°Ç° Ç° (1,000,000) Ç°Ç° Ç°Ç° Ç°Ç° Ç°

Ç°

Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç° 424,60 ,769 6,612, 39,371 7,037,44 ,140

Ç° Ç° Ç° Ç° Ç° 2,960,010,662 3,652, 2 ,709 6,612, 39,371

Ç° Ç° Ç° Ç° Ç° 434,450,314 6,607,701,246 7,042,151,560

2,964,674,642 3,643,026,604 6,607,701,246

Ç°

Ç°Ç°

Ç°

Ç° Ç°

Ç°Ç° Ç°Ç°

Ç°

The accompanying notes are an integral part of these financial statements.

(Nirandra Theeranartsin) Board of Directors Airports of Thailand Public Company Limited Acting President

(Poolsiri Virojanapa) Senior Executive Vice President

Notes to Financial Statements Airports of Thailand Public Company Limited and Its Subsidiary For the Year Ended September 30, 2014

Notes

Ç° Ç°

Ç° Ç° Ç° Ç°

Ç° Ç°

Ç°

1. Ç° Ç° 4. Ç° 6. Ç° Ç° Ç° 10. 11. 12. Ç° 14. Ç° 16. 17. Ç° Ç° 20. 21. 22. Ç° 24.

Contents General information #BTJTÇ°PGÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°QSFQBSBUJPO "DDPVOUJOHÇ°QPMJDJFT Critical accounting estimates, assumptions and judgments $BQJUBMÇ°SJTLÇ°NBOBHFNFOUÇ° Segment infomation 3FDMBTTJÅ³DBUJPOT $BTIÇ°BOEÇ°DBTIÇ°FRVJWBMFOUT 4IPSU UFSNÇ°JOWFTUNFOUT Trade accounts receivable Other receivables Inventories and supplies 0UIFSÇ°DVSSFOUÇ°BTTFUT Investment in bonds "WBJMBCMF GPS TBMFÇ°JOWFTUNFOU Investments in subsidiaries General investments *OWFTUNFOUÇ°QSPQFSUJFT 1SPQFSUZ Ç°QMBOUÇ°BOEÇ°FRVJQNFOU Assets under construction Intangible assets Deferred income tax and income tax 0UIFSÇ°OPO DVSSFOUÇ°BTTFUT Promissory note

Notes Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° 26. 27. Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° 40. Ç° 42. Ç° 44. Ç° 46. Ç°

Contents 5SBEFÇ°BDDPVOUTÇ°QBZBCMF Other current liabilities Long-term loans 'JOBODFÇ°MFBTFEÇ°MJBCJMJUJFT &NQMPZFFÇ°CFOFÅ³UÇ°PCMJHBUJPOT 1SPWJTJPOT 0UIFSÇ°OPO DVSSFOUÇ°MJBCJMJUJFT 4IBSFÇ°DBQJUBMÇ°BOEÇ°QSFNJVNÇ°POÇ°TIBSFÇ°DBQJUBM -FHBMÇ°SFTFSWF (BJOÇ°POÇ°GPSFJHOÇ°FYDIBOHF 4UBUFÇ°QSPQFSUZÇ°SFOUBM -PTTÇ° SFWFSTBMÇ°PGÇ°MPTT Ç°POÇ°JNQBJSNFOUÇ°PGÇ°Ç°Ç° assets 0UIFSÇ°FYQFOTFTÇ° 'JOBODJBMÇ°DPTUT %JWJEFOET Basic earnings per share %JTDMPTVSFÇ°PGÇ°Å³OBODJBMÇ°JOTUSVNFOUT Commitments 3FMBUFEÇ°QBSUZÇ°USBOTBDUJPOT Contingent liabilities "DRVJTJUJPOÇ°BOEÇ°EJTTPMVUJPOÇ°PGÇ°/#*" Dispute &WFOUTÇ°BGUFSÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°Å³OBODJBMÇ°Ç°Ç° position date

Notes to Financial Statements Airports of Thailand Public Company Limited and Its Subsidiary For the Year Ended September 30, 2014

1. General information Ç°

Ç° Ç°

Airports of Thailand Public Company Limited (AOT) which was registered as a public limited company on September Ç° Ç°5IFÇ°.JOJTUSZÇ°PGÇ°'JOBODFÇ°JTÇ°UIFÇ°NBKPSÇ°TIBSFIPMEFSÇ°XJUIÇ° Ç°TUBLF Ç°"05Ç°QFSGPSNTÇ°BOEÇ°QSPNPUFTÇ°UIFÇ°CVTJOFTTÇ° operation of international airports as well as related businesses. At present, the Company operates six international airports: Suvarnabhumi Airport (BKK), Don Mueang Airport (DMK), and four Regional International Airports (Chiang Mai (CNX), Hat Yai (HDY), Phuket (HKT) and Mae Fah Luang Chiang Rai (CEI)). $PNQBOZÄ´TÇ°BEESFTTÇ°PGÇ°UIFÇ°SFHJTUFSFEÇ°PGÅ³DFÇ°JTÇ°/P Ç° Ç°$IFSEXVUBHBSEÇ°3PBE Ç°%POÇ°.VFBOH Ç°#BOHLPLÇ° 5IFTFÇ°DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°XFSFÇ°BQQSPWFEÇ°CZÇ°UIFÇ°"VEJUÇ°$PNNJUUFF Ç°UIFÇ°BVUIPSJTFEÇ° Board of Directors, on November 21, 2014.

2. Basis of financial statements preparation Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

5IFTFÇ°DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°BSFÇ°QSFQBSFEÇ°JOÇ°BDDPSEBODFÇ°XJUIÇ°5IBJÇ°HFOFSBMMZÇ°BDDFQUFEÇ° BDDPVOUJOHÇ°QSJODJQMFTÇ°VOEFSÇ°UIFÇ°"DDPVOUJOHÇ°"DUÇ°# & Ç° Ç° Ç°CFJOHÇ°UIPTFÇ°5IBJÇ°"DDPVOUJOHÇ°4UBOEBSETÇ°JTTVFEÇ° VOEFSÇ°UIFÇ°"DDPVOUJOHÇ°1SPGFTTJPOTÇ°"DUÇ°# & Ç° Ç° Ç°JODMVEJOHÇ°JOUFSQSFUBUJPOTÇ°BOEÇ°BDDPVOUJOHÇ°HVJEBODFÇ°XIJDIÇ° XFSFÇ° BOOPVODFEÇ° CZÇ° UIFÇ° 'FEFSBUJPOÇ° PGÇ° "DDPVOUJOHÇ° 1SPGFTTJPOT Ç° BOEÇ° UIFÇ° Å³OBODJBMÇ° SFQPSUJOHÇ° SFRVJSFNFOUTÇ° PGÇ° UIFÇ° 4FDVSJUJFTÇ°BOEÇ°&YDIBOHFÇ°$PNNJTTJPOÇ°VOEFSÇ°UIFÇ°4FDVSJUJFTÇ°BOEÇ°&YDIBOHFÇ°"DUÇ°# & Ç° Ç° Ç°BOEÇ°BNFOENFOU 5IFÇ°DPNQBOZÇ°IBTÇ°QSFTFOUFEÇ°UIFÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°JOÇ°DPNQMJBODFÇ°XJUIÇ°UIFÇ°OPUJÅ³DBUJPOÇ°PGÇ°UIFÇ°%FQBSUNFOUÇ°PGÇ°#VTJOFTTÇ° %FWFMPQNFOUÇ°Ä¶%FÅ³OJUJPOÇ°PGÇ°UIFÇ°BCCSFWJBUFEÇ°DPNQPOFOUTÇ°SFRVJSFEÇ°JOÇ°UIFÇ°Å³OBODJBMÇ°TUBUFNFOUT Ç°# & Ç° Ç° Ä· Ç° VOEFSÇ°UIFÇ°UIJSEÇ°QBSBHSBQIÇ°PGÇ°4FDUJPOÇ° Ç°PGÇ°UIFÇ°"DDPVOUJOHÇ°"DUÇ°# & Ç° Ç° 5IFTFÇ°DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°BSFÇ°QSFQBSFEÇ°CBTFEÇ°POÇ°UIFÇ°BTTVNQUJPOÇ°UIBUÇ°VTFSTÇ°PGÇ°UIFÇ°Å³OBODJBMÇ° statements have an understanding of Thai generally accepted accounting principles and practices. The accounting principles applied may differ from generally accepted accounting principles adopted in other countries. 5IFTFÇ°DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°BSFÇ°QSFQBSFEÇ°VOEFSÇ°UIFÇ°IJTUPSJDBMÇ°DPTUÇ°DPOWFOUJPOÇ°XJUIÇ°UIFÇ° exception of certain amounts, which are accounted for using the fair value method as explained in the accounting policies. 5IFÇ°TJHOJÅ³DBOUÇ°USBOTBDUJPOTÇ°BSJTJOHÇ°CFUXFFOÇ°UIFÇ°$PNQBOZÇ°BOEÇ°TVCTJEJBSZÇ°BSFÇ°FMJNJOBUFEÇ°JOÇ°UIFÇ°DPOTPMJEBUFEÇ°Å³OBODJBMÇ° statements. 5IFÇ°DPOTPMJEBUFEÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°QSFTFOUÇ°Å³OBODJBMÇ°QPTJUJPOÇ°BOEÇ°Å³OBODJBMÇ°QFSGPSNBODFÇ°PGÇ°"05Ç°BOEÇ°JUTÇ°TVCTJEJBSZ The subsidiary is Suvarnabhumi Airport Hotel (SAH). AOT holds 60% of shares. 5IFÇ°DPNQBOZÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°QSFTFOUÇ°UIFÇ°Å³OBODJBMÇ°QPTJUJPOÇ°BOEÇ°Å³OBODJBMÇ°QFSGPSNBODFÇ°PGÇ°"05 'PSÇ°SFQPSUJOHÇ°QVSQPTFT Ç°UIFÇ°$PNQBOZÇ°BOEÇ°JUTÇ°TVCTJEJBSZÇ°BSFÇ°SFGFSSFEÇ°UPÇ°BTÇ°Ä¶UIFÇ°(SPVQÄ· 5IFTFÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°BSFÇ°QSFTFOUFEÇ°JOÇ°#BIUÇ°DVSSFODZÇ°BOEÇ°SPVOEFEÇ°UPÇ°UIFÇ°OFBSFTUÇ°#BIU Ç°5IFÇ°OVNCFSTÇ°BSFÇ° SPVOEFEÇ°UPÇ°UIFÇ°OFBSFTUÇ°NJMMJPOÇ°#BIUÇ°JOÇ°OPUFTÇ°UPÇ°Å³OBODJBMÇ°TUBUFNFOUT 5IFÇ°QSFQBSBUJPOÇ°PGÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°JOÇ°DPOGPSNJUZÇ°XJUIÇ°5IBJÇ°HFOFSBMMZÇ°BDDFQUFEÇ°BDDPVOUJOHÇ°QSJODJQMFTÇ°SFRVJSFTÇ° the use of certain accounting estimates. It also requires management to exercise its judgement in the process of applying the Groupâ&#x20AC;&#x2122;s accounting policies. The areas involving a higher degree of judgement or complexity, or areas XIFSFÇ°BTTVNQUJPOTÇ°BOEÇ°FTUJNBUFTÇ°BSFÇ°TJHOJÅ³DBOUÇ°UPÇ°UIFÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°BSFÇ°EJTDMPTFEÇ°JOÇ°OPUFÇ° "OÇ°&OHMJTIÇ°MBOHVBHFÇ°WFSTJPOÇ°PGÇ°UIFÇ°DPOTPMJEBUFEÇ°BOEÇ°DPNQBOZÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°IBWFÇ°CFFOÇ°QSFQBSFEÇ°GSPNÇ°UIFÇ° Å³OBODJBMÇ° TUBUFNFOUTÇ° UIBUÇ° BSFÇ° JOÇ° UIFÇ° 5IBJÇ° MBOHVBHF Ç° *OÇ° UIFÇ° FWFOUÇ° PGÇ° BÇ° DPOÅ´JDUÇ° PSÇ° BÇ° EJGGFSFODFÇ° JOÇ° JOUFSQSFUBUJPOÇ° CFUXFFOÇ°UIFÇ°UXPÇ°MBOHVBHFT Ç°UIFÇ°5IBJÇ°MBOHVBHFÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°TIBMMÇ°QSFWBJM

3. Accounting policies 3.1 Thai accounting standards, Thai financial reporting standards, Thai standing interpretations, Thai financial reporting interpretations and accounting guidance by the Federation of Accounting Professions. Ç° Ç°

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Effective for the period beginning on or after +anuary 1, 2013 Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° *ODPNFÇ°5BYFT Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° "DDPVOUJOHÇ°GPSÇ°(PWFSONFOUÇ°(SBOUTÇ°BOEÇ°%JTDMPTVSFÇ°PGÇ° Government Assistance Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° 5IFÇ°&GGFDUTÇ°PGÇ°$IBOHFTÇ°JOÇ°'PSFJHOÇ°&YDIBOHFÇ°3BUFT Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 0QFSBUJOHÇ°4FHNFOUTÇ° Ç°Ç° Ç° Ç° Ä»Ç° 5IBJÇ°4UBOEJOHÇ°*OUFSQSFUBUJPOTÇ°$PNNJUUFFÇ°/P Ç° Ç° (PWFSONFOUÇ°"TTJTUBODF /PÇ°4QFDJÅ³DÇ°3FMBUJPOÇ°UPÇ°0QFSBUJOH Activities Ä»Ç° 5IBJÇ°4UBOEJOHÇ°*OUFSQSFUBUJPOTÇ°$PNNJUUFFÇ°/P Ç° Ç° *ODPNFÇ°5BYFT 3FDPWFSZÇ°PGÇ°3FWBMVFEÇ°/PO %FQSFDJBCMFÇ°"TTFUT Ä»Ç° 5IBJÇ°4UBOEJOHÇ°*OUFSQSFUBUJPOTÇ°$PNNJUUFFÇ°/P Ç° Ç° *ODPNFÇ°5BYFT $IBOHFTÇ°JOÇ°UIFÇ°5BYÇ°4UBUVTÇ°PGÇ°BOÇ°&OUFSQSJTFÇ° or its Shareholders Ä»Ç° "DDPVOUJOHÇ°(VJEBODFÇ° 5SBOTGFSÇ°PGÇ°'JOBODJBMÇ°"TTFUT The Group has early adopted Thai accounting standard No. 12 Income Taxes since October 1, 2011, and adopted new and revised Thai accounting standards, related interpretations and accounting guidance since 0DUPCFSÇ° Ç° Ç°5IFÇ°BDDPVOUJOHÇ°TUBOEBSETÇ°XIJDIÇ°IBWFÇ°BOÇ°FGGFDUÇ°BOEÇ°BSFÇ°SFMFWBOUÇ°UPÇ°UIFÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ° are as follows: 5"4Ç° Ç° 3FWJTFEÇ° Ç°5IFÇ°FGGFDUTÇ°PGÇ°DIBOHFTÇ°JOÇ°GPSFJHOÇ°FYDIBOHFÇ°SBUFT Ç°UIJTÇ°TUBOEBSEÇ°SFRVJSFTÇ°UIFÇ°(SPVQÇ° to determine the functional currency which is the currency of the primary economic environment in which the entity operates. The Group assessed and concluded that Thai Baht is the Groupâ&#x20AC;&#x2122;s functional currency. "TÇ° BÇ° DPOTFRVFODF Ç° BQQMZJOHÇ° 5"4Ç° Ç° 3FWJTFEÇ° Ç° IBTÇ° OPÇ° JNQBDUÇ° UPÇ° BTTFUT Ç° MJBCJMJUJFTÇ° BOEÇ° QSPÅ³U Ç° /FXÇ° BDDPVOUJOHÇ°QPMJDZÇ°JTÇ°EFTDSJCFEÇ°JOÇ°/PUFÇ° 5'34Ç° Ç°0QFSBUJOHÇ°TFHNFOUT Ç°UIJTÇ°TUBOEBSEÇ°SFRVJSFTÇ°UIFÇ°PQFSBUJOHÇ°TFHNFOUTÇ°UPÇ°CFÇ°EFTDSJCFEÇ°JOÇ°UIFÇ°TBNFÇ° manner as internal reporting used by the chief operating decision-maker. New accounting policy is described JOÇ°/PUFÇ° Ç°5IFÇ°JNQBDUÇ°JOÇ°BQQMZJOHÇ°5'34Ç° Ç°JTÇ°POMZÇ°POÇ°BÇ°EJTDMPTVSF Effective for the period beginning on or after +anuary 1, 2014 Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° 1SFTFOUBUJPOÇ°PGÇ°'JOBODJBMÇ°4UBUFNFOUT Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° 4UBUFNFOUÇ°PGÇ°$BTIÇ°'MPXT Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° *ODPNFÇ°5BYFT Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° -FBTFT Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° 3FWFOVF Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° &NQMPZFFÇ°#FOFÅ³UT Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° 5IFÇ°&GGFDUTÇ°PGÇ°$IBOHFTÇ°JOÇ°'PSFJHOÇ°&YDIBOHFÇ°3BUFT Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° 3FMBUFEÇ°1BSUZÇ°%JTDMPTVSFT Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° *OWFTUNFOUTÇ°JOÇ°"TTPDJBUFT Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° *OUFSFTUTÇ°JOÇ°+PJOUÇ°7FOUVSFT Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° *OUFSJNÇ°'JOBODJBMÇ°3FQPSUJOH

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Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° Ä»Ç° 5IBJÇ°"DDPVOUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° 3FWJTFEÇ° Ç° Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° (Revised 2012) Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° (Revised 2012) Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° (Revised 2012) Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° (Revised 2012) Ä»Ç° 5IBJÇ°4UBOEJOHÇ°*OUFSQSFUBUJPOTÇ°$PNNJUUFFÇ°/P Ç° Ç° Ä»Ç° 5IBJÇ°4UBOEJOHÇ°*OUFSQSFUBUJPOTÇ°$PNNJUUFFÇ°/P Ç° Ç°

*NQBJSNFOUÇ°PGÇ°"TTFUT *OUBOHJCMFÇ°"TTFUT 4IBSF CBTFEÇ°1BZNFOU #VTJOFTTÇ°$PNCJOBUJPOT /PO DVSSFOUÇ°"TTFUTÇ°)FMEÇ°GPSÇ°4BMFÇ°BOEÇ°%JTDPOUJOVFEÇ° Operations 0QFSBUJOHÇ°4FHNFOUT

0QFSBUJOHÇ°-FBTFT *ODFOUJWFT &WBMVBUJOHÇ°UIFÇ°4VCTUBODFÇ°PGÇ°5SBOTBDUJPOTÇ°JOÇ°UIFÇ°-FHBM Form of a Lease Ä»Ç° 5IBJÇ°4UBOEJOHÇ°*OUFSQSFUBUJPOTÇ°$PNNJUUFFÇ°/P Ç° Ç° 4FSWJDFÇ°$PODFTTJPOÇ°"SSBOHFNFOUTÇ° Ç°%JTDMPTVSFTÇ° Ç° Ä»Ç° 5IBJÇ°4UBOEJOHÇ°*OUFSQSFUBUJPOTÇ°$PNNJUUFFÇ°/P Ç° Ç° *OUBOHJCMFÇ°"TTFUT 8FCÇ°4JUFÇ°$PTUT Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°*OUFSQSFUBUJPOTÇ°Ç° $IBOHFTÇ°JOÇ°&YJTUJOHÇ°%FDPNNJTTJPOJOH Ç°3FTUPSBUJPOÇ°BOEÇ° Committee No. 1 Similar Liabilities Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°*OUFSQSFUBUJPOTÇ°Ç° %FUFSNJOJOHÇ°8IFUIFSÇ°BOÇ°"SSBOHFNFOUÇ°$POUBJOTÇ°BÇ°-FBTF Committee No. 4 Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°*OUFSQSFUBUJPOTÇ°Ç° 3JHIUTÇ°UPÇ°*OUFSFTUTÇ°BSJTJOHÇ°GSPNÇ°%FDPNNJTTJPOJOH Ç° Ç° $PNNJUUFFÇ°/P Ç° Ç° 3FTUPSBUJPOÇ°BOEÇ°&OWJSPONFOUBMÇ°3FIBCJMJUBUJPOÇ°'VOET Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°*OUFSQSFUBUJPOTÇ° "QQMZJOHÇ°UIFÇ°3FTUBUFNFOUÇ°"QQSPBDIÇ°VOEFSÇ°5"4Ç° Ç° Ç° $PNNJUUFFÇ°/P Ç° Ç° 'JOBODJBMÇ°3FQPSUJOHÇ°JOÇ°)ZQFSJOÅ´BUJPOBSZÇ°&DPOPNJFT Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°*OUFSQSFUBUJPOTÇ°Ç° *OUFSJNÇ°'JOBODJBMÇ°SFQPSUJOHÇ°BOEÇ°*NQBJSNFOUÇ° Committee No. 10 Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°*OUFSQSFUBUJPOTÇ°Ç° 4FSWJDFÇ°$PODFTTJPOÇ°"SSBOHFNFOUT Committee No. 12 Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°*OUFSQSFUBUJPOTÇ°Ç° $VTUPNFSÇ°-PZBMUZÇ°1SPHSBNNFT Ç° $PNNJUUFFÇ°/P Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°*OUFSQSFUBUJPOTÇ° %JTUSJCVUJPOTÇ°PGÇ°/PO DBTIÇ°"TTFUTÇ°UPÇ°0XOFSTÇ° Committee No.17 Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°*OUFSQSFUBUJPOTÇ°Ç° 5SBOTGFSTÇ°PGÇ°"TTFUTÇ°GSPNÇ°$VTUPNFST Ç° $PNNJUUFFÇ°/P Ä»Ç° "DDPVOUJOHÇ°(VJEBODFÇ° UPDLÇ°%JWJEFOE Effective for the period beginning on or after +anuary 1, 2016 Ä»Ç° 5IBJÇ°'JOBODJBMÇ°3FQPSUJOHÇ°4UBOEBSEÇ°/P Ç° Ç° *OTVSBODFÇ°$POUSBDUT 5IFÇ° (SPVQÄ´TÇ° NBOBHFNFOUÇ° IBTÇ° EFUFSNJOFEÇ° UIBUÇ° UIFTFÇ° 5IBJÇ° BDDPVOUJOHÇ° TUBOEBSET Ç° 5IBJÇ° Å³OBODJBMÇ° SFQPSUJOHÇ° TUBOEBSET Ç° 5IBJÇ° TUBOEJOHÇ° JOUFSQSFUBUJPOT Ç° 5IBJÇ° Å³OBODJBMÇ° SFQPSUJOHÇ° JOUFSQSFUBUJPOTÇ° BOEÇ° BDDPVOUJOHÇ° HVJEBODFÇ° FGGFDUJWFÇ°GPSÇ°UIFÇ°QFSJPETÇ°CFHJOOJOHÇ°POÇ°PSÇ°BGUFSÇ°+BOVBSZÇ° Ç° Ç°BOEÇ°+BOVBSZÇ° Ç° Ç°XJMMÇ°OPUÇ°TJHOJÅ³DBOUMZÇ° JNQBDUÇ°UIFÇ°Å³OBODJBMÇ°TUBUFNFOUTÇ°CFJOHÇ°QSFTFOUFE

3.2 Significant accounting policies

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3.2.1 Group accounting - Investments in subsidiaries Subsidiaries are all entities (including special purpose entities) over which the Group has the power Ç°Ç° UPÇ°HPWFSOÇ°UIFÇ°ĹłOBODJBMÇ°BOEÇ°PQFSBUJOHÇ°QPMJDJFTÇ°HFOFSBMMZÇ°BDDPNQBOZJOHÇ°BÇ°TIBSFIPMEJOHÇ°PGÇ°NPSFÇ°UIBOÇ° one half of the voting rights. The existence and effect of potential voting rights that are currently exercisable or convertible, including potential voting rights held by another entity, are considered when assessing whether the Group controls another entity. Subsidiaries are consolidated from the date on which control is transferred to the Group and are no longer consolidated from the date that control ceases. Intercompany transactions, balances and unrealised gain or loss on transactions between group companies are eliminated. Accounting policies of subsidiaries have been changed when necessary to ensure consistency with the policies adopted by the Group. Ç°Ç° *OÇ°UIFÇ°DPNQBOZÇ°ĹłOBODJBMÇ°TUBUFNFOUT Ç°JOWFTUNFOUTÇ°JOÇ°TVCTJEJBSJFTÇ°BSFÇ°SFQPSUFEÇ°CZÇ°VTJOHÇ°UIFÇ°DPTUÇ°NFUIPE The Group will test for impairment of investments in subsidiaries when there is a factor indicating that an investment might be impaired. If the carrying value of the investment is higher than its recoverable amount, impairment loss is charged to the statements of income. 3.2.2 Foreign currency translation (a) Functional and presentation currency Ç°Ç° Ç° *UFNTÇ°QSFTFOUFEÇ°JOÇ°UIFÇ°ĹłOBODJBMÇ°TUBUFNFOUTÇ°PGÇ°FBDIÇ°PGÇ°UIFÇ°(SPVQÄ´TÇ°FOUJUJFTÇ°BSFÇ°NFBTVSFEÇ°VTJOH the currency of the primary economic environment in which the entity operates (the functional Ç°Ç° Ç° DVSSFODZ Ç°5IFÇ°ĹłOBODJBMÇ°TUBUFNFOUTÇ°BSFÇ°QSFTFOUFEÇ°JOÇ°#BIU Ç°XIJDIÇ°JTÇ°UIFÇ°DPNQBOZÄ´TÇ°GVODUJPOBMÇ°BOEÇ° presentation currency. (b) Transactions and balances Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transactions or valuation where items are re-measured. Foreign exchange gains and losses resulting from the settlement of such transactions and from translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are Ç°Ç° Ç° Ç° SFDPHOJTFEÇ°JOÇ°UIFÇ°QSPĹłUÇ°PSÇ°MPTT When a gain or loss on a non-monetary item is recognised in other comprehensive income, any exchange component of that gain or loss is recognised in other comprehensive income. Conversely, Ç°Ç° Ç° XIFOÇ°BÇ°HBJOÇ°PSÇ°MPTTÇ°POÇ°BÇ°OPO NPOFUBSZÇ°JUFNÇ°JTÇ°SFDPHOJTFEÇ°JOÇ°QSPĹłUÇ°PSÇ°MPTT Ç°BOZÇ°FYDIBOHFÇ°PGÇ°UIBUÇ° Ç°Ç° Ç° HBJOÇ°PSÇ°MPTTÇ°JTÇ°SFDPHOJTFEÇ°JOÇ°QSPĹłUÇ°BOEÇ°MPTT 3.2.3 Cash and cash equivalents Ç°Ç° $BTIÇ°BOEÇ°DBTIÇ°FRVJWBMFOUTÇ°JOÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°DBTIÇ°Ĺ´PXTÇ°DPNQSJTFÇ°DBTIÇ°POÇ°IBOE Ç°EFQPTJUTÇ°IFMEÇ°BUÇ° call with banks but do not include deposits with banks which are held to maturity, and other short-term highly liquid investments with maturities of three months or less from the date of acquisition and bank Ç°Ç° PWFSESBGUT Ç°#BOLÇ°PWFSESBGUTÇ°BSFÇ°JODMVEFEÇ°JOÇ°DVSSFOUÇ°MJBCJMJUJFTÇ°POÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°ĹłOBODJBMÇ°QPTJUJPO 3.2.4 Short-term investments Ç°Ç° 4IPSU UFSNÇ°JOWFTUNFOUTÇ°DPNQSJTFÇ°ĹłY UFSNÇ°EFQPTJUT Ç°CJMMTÇ°PGÇ°FYDIBOHF Ç°QSPNJTTPSZÇ°OPUFTÇ°BOEÇ°JOWFTUNFOUTÇ° Ç°Ç° JOÇ°EFCUÇ°TFDVSJUJFTÇ°XJUIÇ°PSJHJOBMÇ°NBUVSJUZÇ°PGÇ°NPSFÇ°UIBOÇ° Ç°NPOUIT Ç°CVUÇ°MFTTÇ°UIBOÇ° Ç°NPOUITÇ°BOEÇ°JOWFTUNFOUTÇ° in debt and equity securities that the management intends to hold for less than 12 months.

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3.2.5 Trade accounts receivable Trade accounts receivable are carried at the original invoice amount and subsequently measured at the remaining amount less any allowance for doubtful receivables based on a review of all outstanding amounts at the year end. The amount of the allowance is the difference between the carrying amount of the receivable and the amount expected to be collectible based on past collection experience Ç°Ç° BOEÇ°UIFÇ°DVSSFOUÇ°TUBUVTÇ°PGÇ°BDDPVOUTÇ°SFDFJWBCMFÇ°BTÇ°PGÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°ĹłOBODJBMÇ°QPTJUJPO Ç°#BEÇ°EFCUTÇ° Ç°Ç° BSFÇ°XSJUUFOÇ°PGGÇ°EVSJOHÇ°UIFÇ°ZFBSÇ°JOÇ°XIJDIÇ°UIFZÇ°BSFÇ°JEFOUJĹłFEÇ°BOEÇ°SFDPHOJTFEÇ°JOÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°JODPNFÇ° within other expenses. 3.2.6 Inventories and supplies Inventories are stated at the lower of cost or net realisable value. Cost is determined by the weighted average method. The cost of purchase comprises both the purchase price and costs directly attributable to the acquisition of the inventory, such as import duties and transportation charges, less all attributable discounts, allowances or rebates. Net realisable value is the estimate of the selling price in the ordinary course of business, less the costs to complete and to make the sale of inventories and supplies including selling expenses. The Group recognises allowance, where necessary, for obsolete, slow-moving and defective inventories and supplies 3.2.7 Investments Ç°Ç° *OWFTUNFOUTÇ°PUIFSÇ°UIBOÇ°JOWFTUNFOUTÇ°JOÇ°TVCTJEJBSJFTÇ°BSFÇ°DMBTTJĹłFEÇ°JOUPÇ°UIFÇ°GPMMPXJOHÇ°UXPÇ°DBUFHPSJFT Ç° Ç°Ç° Ç°"WBJMBCMF GPS TBMFÇ°JOWFTUNFOU Ç° Ç°HFOFSBMÇ°JOWFTUNFOUT Ç°5IFÇ°DMBTTJĹłDBUJPOÇ°JTÇ°EFQFOEFOUÇ°POÇ°UIFÇ°QVSQPTFÇ° Ç°Ç° GPSÇ°XIJDIÇ°UIFÇ°JOWFTUNFOUTÇ°XFSFÇ°BDRVJSFE Ç°.BOBHFNFOUÇ°EFUFSNJOFTÇ°UIFÇ°BQQSPQSJBUFÇ°DMBTTJĹłDBUJPOÇ°PGÇ° its investments at the time of the purchase and re-evaluates such designation on a regular basis. Ç°Ç° Ç° *OWFTUNFOUTÇ°JOUFOEFEÇ°UPÇ°CFÇ°IFMEÇ°GPSÇ°BOÇ°JOEFĹłOJUFÇ°QFSJPEÇ°PGÇ°UJNF Ç°XIJDIÇ°NBZÇ°CFÇ°TPMEÇ°JOÇ°SFTQPOTFÇ° Ç°Ç° Ç° UPÇ°MJRVJEJUZÇ°OFFETÇ°PSÇ°DIBOHFTÇ°JOÇ°JOUFSFTUÇ°SBUFT Ç°BSFÇ°DMBTTJĹłFEÇ°BTÇ°BWBJMBCMF GPS TBMF Ç°BOEÇ°BSFÇ°JODMVEFEÇ° in non-current assets unless management has expressed the intention of holding the investment Ç°Ç° Ç° GPSÇ°MFTTÇ°UIBOÇ° Ç°NPOUITÇ°GSPNÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°ĹłOBODJBMÇ°QPTJUJPOÇ°EBUFÇ°PSÇ°VOMFTTÇ°UIFZÇ°XJMMÇ°OFFEÇ° to be sold to raise operating capital, in which case they are included in current assets. Ç°Ç° Ç° *OWFTUNFOUTÇ°JOÇ°FRVJUZÇ°TFDVSJUJFTÇ°XIJDIÇ°BSFÇ°NBSLFUBCMFÇ°TFDVSJUJFTÇ°BSFÇ°DMBTTJĹłFEÇ°BTÇ°BWBJMBCMF GPS Ç°Ç° Ç° TBMFÇ°JOWFTUNFOUÇ°BOEÇ°DBSSJFEÇ°BUÇ°GBJSÇ°WBMVFÇ°JOÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°ĹłOBODJBMÇ°QPTJUJPO Ç°"OZÇ°WBMVFÇ°DIBOHFTÇ° are recognised as unrealized gain (loss) and presented separately in other components of shareholdersâ&#x20AC;&#x2122; equity. Changes in value during period are presented in the statements of comprehensive income. Ç°Ç° Ç°Ç° *OWFTUNFOUTÇ° JOÇ° OPO NBSLFUBCMFÇ° FRVJUZÇ° TFDVSJUJFTÇ° BSFÇ° DMBTTJĹłFEÇ° BTÇ° HFOFSBMÇ° JOWFTUNFOUTÇ° BOEÇ° presented at cost less allowance for impairment of investments. A test for impairment is carried out when there is a factor indicating that an investment might be impaired. If the carrying value of the investment is higher than its recoverable amount, impairment loss is charged to the statements of income. On disposal of an investment, the difference between the net disposal proceeds and the carrying amount is charged or credited to the statements of income. When disposing of part of the Groupâ&#x20AC;&#x2122;s holding of a particular investment in debt or equity securities, the carrying amount of the disposed part is determined by the weight average carrying amount of the total holding of the investment.

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3.2. Investment properties Investment properties mean properties that are held for long-term rental yields or for capital appreciation or both, and that are not occupied by the companies in the consolidated Group, are Ç°Ç° DMBTTJĹłFEÇ° BTÇ° JOWFTUNFOUÇ° QSPQFSUJFT Ç° *OWFTUNFOUÇ° QSPQFSUJFTÇ° BMTPÇ° JODMVEFÇ° QSPQFSUJFTÇ° UIBUÇ° BSFÇ° CFJOHÇ° constructed or developed for future use as investment properties. Investment properties are measured initially at its cost including related transaction costs. After initial recognition, investment properties are carried at cost less accumulated impairment loss (if any). Depreciation is calculated on the straight line basis to write off the cost of each asset, except for Ç°Ç° MBOEÇ°XIJDIÇ°JTÇ°DPOTJEFSFEÇ°UPÇ°IBWFÇ°BOÇ°JOEFĹłOJUFÇ°MJGF Ç°UPÇ°JUTÇ°SFTJEVBMÇ°WBMVFÇ°PWFSÇ°UIFÇ°FTUJNBUFEÇ°VTFGVMÇ°MJGF Depreciation is calculated on the straight line basis over the estimated useful life of each asset as follows: Useful life (years)

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Subsequent expenditure is capitalised to the assetâ&#x20AC;&#x2122;s carrying amount only when it is probable that GVUVSFÇ°FDPOPNJDÇ°CFOFĹłUTÇ°BTTPDJBUFEÇ°XJUIÇ°UIFÇ°FYQFOEJUVSFÇ°XJMMÇ°Ĺ´PXÇ°UPÇ°UIFÇ°(SPVQÇ°BOEÇ°UIFÇ°DPTUÇ°PGÇ°UIFÇ° item can be measured reliably. All other repairs and maintenance costs are expensed when incurred. 3.2.9 Property, plant and equipment Property, plant and equipment are recorded at cost as of the date of acquisition or at the completion date. All AOT buildings are constructed on state properties leased from the Treasury Department, Ministry of Finance. According to the regulations of the Ministry of Finance and the Royal Thai Air Force, all constructions become the property of the Ministry of Finance upon completion. However, Ç°Ç° "05Ç°SFDPSETÇ°TVDIÇ°QSPQFSUJFTÇ°BTÇ°BTTFUTÇ°TJODFÇ°"05Ç°BDDFQUTÇ°BMMÇ°SJTLTÇ°BOEÇ°CFOFĹłUTÇ°PGÇ°TVDIÇ°QSPQFSUJFT Ç°BOEÇ° pays compensation for the use of state properties to the Treasury Department. After AOT was converted to a limited public company, the Ministry of Finance and the Royal Thai Air Force issused a new regulation. Moreover, the Ministry of Finance and the Department of Commercial Aviation issued 2 new regulations. Ç°Ç° 5IFTFÇ°OFXÇ°SFHVMBUJPOTÇ°DBNFÇ°JOUPÇ°FGGFDUÇ°POÇ°4FQUFNCFSÇ° Ç° Ç°$MBVTFÇ° Ç°PGÇ°UISFFÇ°OFXÇ°SFHVMBUJPOTÇ° stated that the ownership of the buildings and constructions will belong to the Ministry of Finance when the contract to use the state property land made under these regulations is terminated. The Ç°Ç° UPUBMÇ°QFSJPEÇ°PGÇ°UJNFÇ°TIBMMÇ°OPUÇ°FYDFFEÇ° Ç°ZFBSTÇ°GSPNÇ°UIFÇ°FGGFDUJWFÇ°EBUFÇ°PGÇ°VUJMJ[BUJPOÇ°BHSFFNFOU Ç°"05Ç° Ç°Ç° IBEÇ°DPNNJUUFEÇ°UPÇ° Ç°VUJMJ[BUJPOÇ°BHSFFNFOUTÇ°TJODFÇ°4FQUFNCFSÇ° Ç° Ç°BOEÇ°BNFOEFEÇ° Ç°VUJMJ[BUJPOÇ° Ç°Ç° BHSFFNFOUÇ°POÇ°4FQUFNCFSÇ° Ç° Ç°5IFÇ°VTFÇ°PGÇ°TUBUFÇ°QSPQFSUZÇ°MBOEÇ°MBTUTÇ°GPSÇ° Ç°ZFBSTÇ° 4FQUFNCFSÇ° Ç° Ç°Ç° Ç°"05Ç°JTÇ°BMMPXFEÇ°UPÇ°FYUFOEÇ°UIFÇ°QFSJPEÇ°GPSÇ°VTJOHÇ°TUBUFÇ°QSPQFSUZÇ°MBOEÇ° Ç°UJNFT Ç° Ç°ZFBSTÇ°FBDIÇ°FYUFOTJPOÇ° Ç°Ç° 4FQUFNCFSÇ° Ç° Ç°"05Ç°IBTÇ°QBJEÇ°DPNQFOTBUJPOÇ°GPSÇ°VTJOHÇ°TUBUFÇ°QSPQFSUJFTÇ°UPÇ°UIFÇ°5SFBTVSZÇ°%FQBSUNFOUÇ° Ç°Ç° BTÇ°/PUFÇ° An item of property, plant and equipment is stated at cost less any accumulated depreciation and any accumulated impairment loss. The cost of an item of property, plant and equipment comprises its purchase price, import duties and non-refundable input taxes (after deducting trade discounts and rebates) and any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. These can include the initial estimated costs

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of dismantling and removing the item, and restoring the site on which it is located, the obligation for which an entity incurs either when the item is acquired or as a consequence of having used the item during a particular period. The cost of replacing part of plant and equipment is included in the carrying amount of the asset XIFOÇ°JUÇ°JTÇ°QSPCBCMFÇ°UIBUÇ°GVUVSFÇ°FDPOPNJDÇ°CFOFĹłUTÇ°XJMMÇ°Ĺ´PXÇ°UPÇ°UIFÇ°(SPVQÇ°BOEÇ°UIFÇ°DBSSZJOHÇ°BNPVOUÇ° of those replaced parts is derecognised. Repairs and maintenance are charged to the statements of JODPNFÇ°EVSJOHÇ°UIFÇ°ĹłOBODJBMÇ°QFSJPEÇ°JOÇ°XIJDIÇ°UIFZÇ°BSFÇ°JODVSSFE Depreciation is calculated on the straight line basis to write off the cost of each asset, to its residual value over the estimated useful life as follows: Useful life (years)

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The assetsâ&#x20AC;&#x2122; residual value, useful lives, and depreciation method are regularly reviewed at least at Ç°Ç° FBDIÇ°ĹłOBODJBMÇ°ZFBS FOE Where the carrying amount of an asset is greater than its recoverable amount, it is written down immediately to its recoverable amount. The decreasing amount is impairment loss. Gain or loss on disposal of property, plant and equipment is determined by compairing proceeds with the carrying amounts and is recognised as other income or expense in the statements of income. Ç°Ç° *OUFSFTUÇ°DPTUTÇ°POÇ°MPBOTÇ°UPÇ°ĹłOBODFÇ°UIFÇ°DPOTUSVDUJPOÇ°PGÇ°QSPQFSUZ Ç°QMBOUÇ°BOEÇ°FRVJQNFOUÇ°PSÇ°UIFÇ°QSPEVDUJPOÇ° of a qualifying asset are capitalised as part of cost of the asset, during the period of time required to complete and prepare the property for its intended use. 3.2.10 Intangible assets The Group intangible assets are software licenses which can be detached from the related equipment presented at cost deducted by accumulated amortisation expense. Software licenses are amortised Ç°Ç° POÇ°BÇ°TUSBJHIUÇ°MJOFÇ°CBTJTÇ°BDDPSEJOHÇ°UPÇ°UIFÇ° Ç°ZFBSTÇ°FTUJNBUFEÇ°VTFGVMÇ°MJGFÇ°PGÇ°BTTFUT 3.2.11 Impairment of assets Ç°Ç° "TTFUT Ç° XIJDIÇ° BSFÇ° OPUÇ° HPPEXJMM Ç° XJUIÇ° BÇ° EFĹłOJUFÇ° VTFGVMÇ° MJGFÇ° BSFÇ° SFWJFXFEÇ° GPSÇ° JNQBJSNFOUÇ° XIFOFWFSÇ° events or changes in circumstances indicate that the carrying amount may be higher than the recoverable amount. An impairment loss is recognised for the amount by which the carrying amount of the asset exceeds its recoverable amount which is the higher of an assetâ&#x20AC;&#x2122;s fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which Ç°Ç° UIFSFÇ°BSFÇ°TFQBSBUFMZÇ°JEFOUJĹłBCMFÇ°DBTIÇ°Ĺ´PXT Ç°"TTFUTÇ°UIBUÇ°IBWFÇ°TVGGFSFEÇ°JNQBJSNFOUÇ°BSFÇ°SFWJFXFEÇ°GPSÇ° Ç°Ç° QPTTJCMFÇ°SFWFSTBMÇ°PGÇ°UIFÇ°JNQBJSNFOUÇ°BTÇ°BUÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°ĹłOBODJBMÇ°QPTJUJPOÇ°EBUF

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3.2.12 Leases Where a Group company is the lessee Leases of property, plant or equipment, where the group assumes substantially all the risks and rewards Ç°Ç° PGÇ°PXOFSTIJQÇ°BSFÇ°DMBTTJÅ³FEÇ°BTÇ°Å³OBODFÇ°MFBTFT Ç°'JOBODFÇ°MFBTFTÇ°BSFÇ°DBQJUBMJTFEÇ°BUÇ°UIFÇ°JODFQUJPOÇ°PGÇ°UIFÇ° lease at the lower of the fair value of the leased property or the net present value of the minimum Ç°Ç° MFBTFÇ°QBZNFOUT Ç°&BDIÇ°MFBTFÇ°QBZNFOUÇ°JTÇ°BMMPDBUFEÇ°UPÇ°UIFÇ°QSJODJQBMÇ°BOEÇ°UPÇ°UIFÇ°Å³OBODFÇ°DIBSHFTÇ°TPÇ°BTÇ°UPÇ° Ç°Ç° BDIJFWFÇ°BÇ°DPOTUBOUÇ°SBUFÇ°POÇ°UIFÇ°Å³OBODFÇ°CBMBODFÇ°PVUTUBOEJOH Ç°5IFÇ°PVUTUBOEJOHÇ°SFOUBMÇ°PCMJHBUJPOT Ç°OFUÇ° Ç°Ç° PGÇ°Å³OBODFÇ°DIBSHFT Ç°BSFÇ°JODMVEFEÇ°JOÇ°PUIFSÇ°MPOH UFSNÇ°QBZBCMFT Ç°5IFÇ°JOUFSFTUÇ°FMFNFOUÇ°PGÇ°UIFÇ°Å³OBODFÇ°DPTUÇ° is charged to the statements of income over the lease period so as to achieve a constant periodic rate of interest on the remaining balance of the liability for each period. The property, plant or equipment Ç°Ç° BDRVJSFEÇ°VOEFSÇ°Å³OBODFÇ°MFBTFTÇ°JTÇ°EFQSFDJBUFEÇ°PWFSÇ°UIFÇ°TIPSUFSÇ°QFSJPEÇ°PGÇ°UIFÇ°VTFGVMÇ°MJGFÇ°PGÇ°UIFÇ°BTTFUÇ° or the lease term. Ç°Ç° -FBTFTÇ°OPUÇ°USBOTGFSSJOHÇ°BÇ°TJHOJÅ³DBOUÇ°QPSUJPOÇ°PGÇ°UIFÇ°SJTLTÇ°BOEÇ°SFXBSETÇ°PGÇ°PXOFSTIJQÇ°UPÇ°UIFÇ°MFTTFFÇ°BSFÇ° Ç°Ç° DMBTTJÅ³FEÇ°BTÇ°PQFSBUJOHÇ°MFBTFT Ç°1BZNFOUTÇ°NBEFÇ°VOEFSÇ°PQFSBUJOHÇ°MFBTFTÇ° OFUÇ°PGÇ°BOZÇ°JODFOUJWFTÇ°SFDFJWFEÇ° from the lessor) are charged to the statements of income on a straight-line basis over the period of the lease. When an operating lease is terminated before the lease period has expired, any payment required to be made to the lessor by way of penalty is recognised as an expense in the period in which termination takes place. Where a Group company is the lessor Assets leased out under operating leases are included in investment properties in the statements of Ç°Ç° Ç° Å³OBODJBMÇ°QPTJUJPO Ç°5IFZÇ°BSFÇ°EFQSFDJBUFEÇ°PWFSÇ°UIFJSÇ°FYQFDUFEÇ°VTFGVMÇ°MJWFTÇ°POÇ°BÇ°CBTJTÇ°DPOTJTUFOUÇ°XJUIÇ° other similar plant and equipment owned by the Group. Rental income (net of any incentives given to lessees) is recognised on a straight-line basis over the lease term. 3.2.13 Loans Loans are recognised initially at the fair value of proceeds received, net of transaction costs incurred. Loans are subsequently stated at amortised cost using the effective yield method, any difference between proceeds (net of transaction costs) and the redemption value is recognised in the statements of income over the period of the loans. Ç°Ç° -PBOTÇ°BSFÇ°DMBTTJÅ³FEÇ°BTÇ°DVSSFOUÇ°MJBCJMJUJFTÇ°VOMFTTÇ°UIFÇ°(SPVQÇ°IBTÇ°BOÇ°VODPOEJUJPOBMÇ°SJHIUÇ°UPÇ°EFGFSÇ°TFUUMFNFOUÇ° Ç°Ç° PGÇ°UIFÇ°MJBCJMJUZÇ°GPSÇ°BUÇ°MFBTUÇ° Ç°NPOUITÇ°BGUFSÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°Å³OBODJBMÇ°QPTJUJPOÇ°EBUF 3.2.14 Income tax Ä» Current income tax Ç°Ç° Ç° $VSSFOUÇ°JODPNFÇ°UBYÇ°JTÇ°JODPNFÇ°UBYÇ°FYQFDUFEÇ°UPÇ°CFÇ°QBJEÇ°XIJDIÇ°DBMDVMBUFEÇ°GSPNÇ°QSPÅ³UÇ°GPSÇ°UIFÇ°UBYBCMFÇ° period and tax rate enacted or will be enacted as at the reporting date including tax adjustment of prior yearâ&#x20AC;&#x2122;s transaction. Ä» Deferred income tax Deferred income tax is recognised by calculating from temporary differences arising between Ç°Ç° Ç° UIFÇ°UBYÇ°CBTFTÇ°PGÇ°BTTFUTÇ°BOEÇ°MJBCJMJUJFTÇ°BOEÇ°UIFJSÇ°DBSSZJOHÇ°BNPVOUTÇ°JOÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°Å³OBODJBMÇ° position. However, the deferred income tax is not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the Ç°Ç° Ç° USBOTBDUJPOÇ°BGGFDUTÇ°OFJUIFSÇ°BDDPVOUJOHÇ°OPSÇ°UBYBCMFÇ°QSPÅ³UÇ°PSÇ°MPTT Ç°%FGFSSFEÇ°JODPNFÇ°UBYÇ°JTÇ°EFUFSNJOFEÇ° using tax rates (and laws) that have been enacted or substantially enacted by the reporting

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period date and are expected to apply when the related deferred income tax asset is realised or the deferred income tax liability is settled. Deferred income tax assets are recognised only to the extent that it is probable that future taxable Ç°Ç° Ç° QSPĹłUÇ°XJMMÇ°CFÇ°BWBJMBCMFÇ°BHBJOTUÇ°XIJDIÇ°UIFÇ°UFNQPSBSZÇ°EJGGFSFODFTÇ°DBOÇ°CFÇ°VUJMJTFE Deferred income tax is provided on temporary differences arising on investments in subsidiaries, except where the reversal timing of the temporary difference is controlled by the Group and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred income tax assets and liabilities relate to income tax levied by the same taxation authority on either the taxable entity or different taxable entities where there is an intention to settle the balances on a net basis. 3.2.15 Provisions Provisions are recognised when the Group has a present legal or constructive obligation as a result of Ç°Ç° QBTUÇ°FWFOUT Ç°JUÇ°JTÇ°QSPCBCMFÇ°UIBUÇ°BOÇ°PVUĹ´PXÇ°PGÇ°SFTPVSDFTÇ°XJMMÇ°CFÇ°SFRVJSFEÇ°UPÇ°TFUUMFÇ°UIFÇ°PCMJHBUJPO Ç°BOEÇ° a reliable estimate of the amount can be made. Where the Group expects a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognised as a separate asset but only when the reimbursement is virtually certain. 3.2.16 Employee beneĹłt obligations Äť Post-employment beneĹłts Ç°Ç° Ç° 5IFÇ° (SPVQÇ° IBTÇ° QPTU FNQMPZNFOUÇ° CFOFĹłUTÇ° JODMVEJOHÇ° EFĹłOFEÇ° DPOUSJCVUJPOÇ° BOEÇ° EFĹłOFEÇ° CFOFĹłUÇ° Ç°Ç° Ç° QMBOT Ç° 5IFÇ° EFĹłOFEÇ° DPOUSJCVUJPOÇ° QMBOÇ° JTÇ° UIFÇ° QFOTJPOÇ° QMBOÇ° VOEFSÇ° XIJDIÇ° UIFÇ° (SPVQÇ° QBZTÇ° ĹłYFEÇ° contributions into a separate entity. The group has no legal or constructive obligations to pay Ç°Ç° Ç° Ç° GVSUIFSÇ°DPOUSJCVUJPOTÇ°JGÇ°UIFÇ°GVOEÇ°EPFTÇ°OPUÇ°IPMEÇ°TVGĹłDJFOUÇ°BTTFUTÇ°UPÇ°QBZÇ°BMMÇ°FNQMPZFFTÇ°UIFÇ°CFOFĹłUTÇ° Ç°Ç° Ç° SFMBUJOHÇ°UPÇ°FNQMPZFFÇ°TFSWJDFÇ°JOÇ°UIFÇ°DVSSFOUÇ°BOEÇ°QSJPSÇ°QFSJPET Ç°5IFÇ°EFĹłOFEÇ°CFOFĹłUÇ°QMBOÇ°JTÇ°UIF Ç°Ç° Ç° QFOTJPOÇ°QMBOÇ°UIBUÇ°JTÇ°OPUÇ°UIFÇ°EFĹłOFEÇ°DPOUSJCVUJPOÇ°QMBO Ç°5ZQJDBMMZÇ°EFĹłOFEÇ°CFOFĹłUÇ°QMBOTÇ°EFĹłOFÇ°BOÇ° Ç°Ç° Ç° BNPVOUÇ°PGÇ°QFOTJPOÇ°CFOFĹłUÇ°UIBUÇ°BOÇ°FNQMPZFFÇ°XJMMÇ°SFDFJWFÇ°POÇ°SFUJSFNFOU Ç°VTVBMMZÇ°EFQFOEFOUÇ°POÇ° one or more factors such as age, years of service and compensation. Ç°Ç° Ç° 1PTU FNQMPZNFOUÇ°CFOFĹłUTÇ°DPNQSJTFÇ°PG %FĹłOFEÇ°DPOUSJCVUJPOÇ°QMBO AOT has established a provident fund for staff and employees who voluntarily participate in the Ç°Ç° Ç° Ç° GVOE Ç°TJODFÇ°.BSDIÇ° Ç° Ç°JOÇ°BDDPSEBODFÇ°XJUIÇ°UIFÇ°1SPWJEFOUÇ°'VOEÇ°"DU Ç°# & Ç° Ç° Ç°4UBGGÇ° Ç°Ç° Ç° BOEÇ°FNQMPZFFTÇ°UIFNTFMWFTÇ°BSFÇ°SFRVJSFEÇ°UPÇ°DPOUSJCVUFÇ°BUÇ°UIFÇ°SBUFTÇ°SBOHJOHÇ°GSPNÇ° Ç° Ç° Ç° Ç°PGÇ°UIFJSÇ° salaries and shall not exceed AOT contribution rates. Ç°Ç° Ç° "DDPSEJOHÇ°UPÇ°"05Ç°CPBSEÇ°PGÇ°EJSFDUPSTÄ´Ç°SFTPMVUJPOÇ°BUÇ°UIFÇ°NFFUJOHÇ°/P Ç° Ç°EBUFEÇ°+VOFÇ° Ç° Ç° AOT contribution rates are adjusted as follows: Year of employment

/PUÇ°PWFSÇ° Ç°ZFBSTÇ° Over 10 years Over 20 years Ç°0WFSÇ° Ç°ZFBSTÇ°

AOT contribution rates 10 12

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5IFÇ°FNQMPZFFTÇ°DBOÇ°DIBOHFÇ°DPOUSJCVUJPOÇ°SBUFTÇ°GSPNÇ° Ç°BDDPSEJOHÇ°UPÇ°UIFJSÇ°FNQMPZNFOUÇ°QFSJPET Ç° Such change will be effective in April and October each year. AOT contributions are recognised as expenses in the statements of income in which they incurred. The provident fund is separated from AOT and managed by provident fund management company that is under the regulation of the provident fund committee. %FĹłOFEÇ°CFOFĹłUÇ°QMBO B Ç° 3FUJSFNFOUÇ°CFOFĹłU Case 1. 60-year old employees Ç° 5IFÇ°(SPVQÇ°QSPWJEFTÇ°QPTU SFUJSFNFOUÇ°CFOFĹłUÇ°UPÇ°JUTÇ°SFUJSFFT Ç°5IFÇ°FNQMPZFFTÇ°BSFÇ°FOUJUMFEÇ°UPÇ° Ç° CFOFĹłUTÇ°XIJDIÇ°BSFÇ°UIFÇ°BNPVOUÇ°PGÇ°SFUJSFNFOUÇ°CFOFĹłUÇ°CBTFEÇ°POÇ°SFMFWBOUÇ°SFHVMBUJPOTÇ°XIJDIÇ°BSFÇ° Ç° OPUJĹłDBUJPOÇ°PGÇ°4UBUFÇ°&OUFSQSJTFÇ°8PSLFSTÇ°3FMBUJPOTÇ°$POGFEFSBUJPOÇ°PSÇ°5IBJÇ°-BCPSÇ°-BX Ç°5IFÇ°TFWFSBODFÇ° pay will be at the rate according to salary and number of years of service which will happen in the future. Case 2. Early retirement - only AOTâ&#x20AC;&#x2122;s staff Ç° "05Ç°QSPWJEFTÇ°FBSMZÇ°SFUJSFNFOUÇ°CFOFĹłUÇ°UPÇ°JUTÇ°FNQMPZFFT Ç°5IFÇ°RVBMJĹłDBUJPOTÇ°PGÇ°FOUJUMFEÇ°FNQMPZFFTÇ° Ç° BOEÇ°DSJUFSJBÇ°GPSÇ°UIFÇ°QBZNFOUÇ°PGÇ°CFOFĹłUÇ°NVTUÇ°CFÇ°BQQSPWFEÇ°CZÇ°"05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPST (b) The staff pension fund of Airport Authority of Thailand (AAT) - only AOTâ&#x20AC;&#x2122;s staff Ç° "05Ç°IBTÇ°FTUBCMJTIFEÇ°Äś5IFÇ°4UBGGÇ°1FOTJPOÇ°'VOEÇ°PGÇ°"JSQPSUÇ°"VUIPSJUZÇ°PGÇ°5IBJMBOEÄˇÇ°BOEÇ°DPOUSJCVUFEÇ° to the pension fund at the rate 10% of its employeesâ&#x20AC;&#x2122; salaries who did not transfer to a provident fund, to provide an adequate reserve of the obligation due at the end of each Ç° BDDPVOUJOHÇ°QFSJPE Ç°$POUSJCVUJPOTÇ°BSFÇ°JODMVEFEÇ°JOÇ°FNQMPZFFÇ°CFOFĹłUÇ°PCMJHBUJPOTÇ°JOÇ°UIFÇ°TUBUFNFOUTÇ° Ç° PGÇ°ĹłOBODJBMÇ°QPTJUJPO Ç°5IFÇ°CFOFĹłUÇ°XJMMÇ°CFÇ°QBJEÇ°UPÇ°SFUJSFFTÇ°CBTFEÇ°POÇ°UIFÇ°"05Ç°SFHVMBUJPOÇ°POÇ°4UBGGÇ° Ç° 1FOTJPOÇ°'VOEÇ°# & Ç° Ç° Ç°5IFÇ°DBMDVMBUJPOÇ°PGÇ°UIJTÇ°CFOFĹłUÇ°DPNQPTFTÇ°PGÇ° Ç°QBSUT Ç° Ç° "OÇ°BNPVOUÇ°DBMDVMBUFEÇ°GSPNÇ°UIFÇ°TFSWJDFÇ°QFSJPEÇ°GPSÇ°""5Ç°UJMMÇ°4FQUFNCFSÇ° Ç° Ç°NVMUJQMJFEÇ° Ç° Ç° XJUIÇ°UIFÇ°TBMBSZÇ°SBUFÇ°BTÇ°BUÇ°4FQUFNCFSÇ° Ç° 2. An amount calculated from the service period for AOT multiplied with the salary rate of the last service month. Long-term beneĹłt - only AOTâ&#x20AC;&#x2122;s staff "05Ç° QSPWJEFTÇ° BÇ° SFXBSEÇ° GPSÇ° TFSWJDFÇ° ZFBSÇ° FNQMPZFFT Ç° 5IFÇ° OVNCFSÇ° PGÇ° TFSWJDFÇ° ZFBSTÇ° JODMVEFTÇ° probation period and is counted till July 1 of each year. 5IFÇ°PCMJHBUJPOÇ°BSJTJOHÇ°GSPNÇ°QPTU FNQMPZNFOUÇ°CFOFĹłUTÇ°XIJDIÇ°DMBTTJĹłFEÇ°BTÇ°EFĹłOFEÇ°CFOFĹłUÇ°QMBOÇ°BOEÇ° MPOH UFSNÇ°CFOFĹłUÇ°NFOUJPOFEÇ°BCPWFÇ°JTÇ°DBMDVMBUFEÇ°CZÇ°BOÇ°JOEFQFOEFOUÇ°BDUVBSZÇ°VTJOHÇ°UIFÇ°QSPKFDUFEÇ° unit credit method. The present value of liabilities from the plan stipulate by discount future QBJEÇ°DBTIÇ°Ĺ´PXTÇ°XJUIÇ°HPWFSONFOUÇ°CPOEÇ°JOUFSFTUÇ°SBUFÇ°XIJDIÇ°JTÇ°UIFÇ°TBNFÇ°DVSSFODZÇ°XJUIÇ°UIFÇ°CFOFĹłUÇ° paid to employees, included the condition and due date similar to condition of the liability of FTUJNBUFEÇ°CFOFĹłUÇ°BGUFSÇ°SFUJSFNFOU (BJOÇ°BOEÇ°MPTTÇ°GSPNÇ°BDUVBSJBMÇ°FTUJNBUJPOÇ°GPSÇ°QPTU FNQMPZNFOUÇ°CFOFĹłUÇ°JTÇ°SFDPHOJTFEÇ°JNNFEJBUFMZÇ° the statements of comprehensive income. Gain and loss from actuarial estimation for other longUFSNÇ°FNQMPZFFÇ°CFOFĹłUÇ°JTÇ°SFDPHOJTFEÇ°JOÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°JODPNFÇ°JOÇ°UIFÇ°QFSJPEÇ°XIJDIÇ°UIFZÇ°BSF incurred.

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Ç° Ç°

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Short-term beneĹłt The Group recognises liabilities and expenses arising from employeesâ&#x20AC;&#x2122; unused annual leave which are permitted to carry forward to the next period at the expected cost of the carried forward annual leave. The amount is undiscounted. 3.2.17 Revenues recognition Landing and parking charges, passenger service charges, use of utilities charges and service charges are recognised as revenues in which services are provided. Ç°Ç° 3FOUÇ° GPSÇ° PGĹłDFTÇ° BOEÇ° SFBMÇ° FTUBUFÇ° QSPQFSUJFT Ç° BOEÇ° DPODFTTJPOÇ° SFWFOVFTÇ° BSFÇ° SFDPHOJTFEÇ° BTÇ° SFWFOVFTÇ° Ç°Ç° BDDPSEJOHÇ°UPÇ°UIFÇ°QFSJPEÇ°PGÇ°UJNFÇ°BOEÇ°DPNNJTTJPOÇ°SBUFTÇ°TQFDJĹłFEÇ°JOÇ°UIFÇ°DPOUSBDU Revenues from hotel business and restaurant are recorded as revenues in which services are provided in accordance with the price in invoice (excluding VAT) for goods and services after discount and added service charges. Interest income is recognised according to the period of time to which it applies, taking into account the actual rate of return. Dividend income is recognised when the right to receive payment is established. 3.2.1 Financial instruments Ç°Ç° 5IFÇ°(SPVQÇ°VUJMJ[FTÇ°ĹłOBODJBMÇ°JOTUSVNFOUTÇ°UPÇ°SFEVDFÇ°JUTÇ°SJTLÇ°FYQPTVSFÇ°BTTPDJBUFEÇ°XJUIÇ°Ĺ´VDUVBUJPOTÇ°JOÇ° foreign currency exchange rates which affect liabilities. These instruments primarily comprise of cross currency swap contracts of liabilities for Japanese Yen to Thai Baht. 3.2.19 Segment information Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The chief operating decision-marker, who is responsible for allocating Ç°Ç° SFTPVSDFTÇ°BOEÇ°BTTFTTJOHÇ°QFSGPSNBODFÇ°PGÇ°UIFÇ°PQFSBUJOHÇ°TFHNFOUT Ç°IBTÇ°CFFOÇ°JEFOUJĹłFEÇ°BTÇ°1SFTJEFOU Ç°

4. Critical accounting estimates, assumptions and judgments

Ç° Ç° Ç°

Accounting estimates, assumptions and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by EFĹłOJUJPO Ç°TFMEPNÇ°FRVBMÇ°UIFÇ°SFMBUFEÇ°BDUVBMÇ°SFTVMUT Ç°%VSJOHÇ°UIFÇ°ZFBSÇ°FOEFEÇ°4FQUFNCFSÇ° Ç° Ç°UIFÇ°FTUJNBUFTÇ°BOEÇ° BTTVNQUJPOTÇ°UIBUÇ°IBWFÇ°BÇ°TJHOJĹłDBOUÇ°SJTLÇ°PGÇ°DBVTJOHÇ°BÇ°NBUFSJBMÇ°BEKVTUNFOUÇ°UPÇ°UIFÇ°DBSSZJOHÇ°BNPVOUTÇ°PGÇ°BTTFUTÇ°BOEÇ° MJBCJMJUJFTÇ°XJUIJOÇ°UIFÇ°OFYUÇ°ĹłOBODJBMÇ°ZFBSÇ°BSFÇ°PVUMJOFEÇ°CFMPX Allowance for doubtdul accounts Allowance for doubtful accounts is intended to adjust the value of receivables for probable credit losses. The management uses judgement to establish reserves for estimated losses for each outstanding debtor. The allowance for doubtful accounts is determined through the analysis of debt aging, collection experience, and taking into account of change in the current economic environment. However, the use of different estimates and assumptions could affect the amount of allowance for receivable losses and adjustments to the allowance may therefore be required in the future.

Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Plant and equipment and intangible assets Management has determined the estimated useful lives and residual value of plant and equipment and intangible assets of which are principally based on technical information. The management will also review to write down technically obsolete or non-used assets by sales or abandon. Estimated impairment of assets The Group tests any impairment of assets whenever there is an indication of impairment as explained in Note Ç°5IFÇ°SFDPWFSBCMFÇ°BNPVOUÇ°PGÇ°DBTI HFOFSBUJOHÇ°VOJUÇ°IBTÇ°CFFOÇ°EFUFSNJOFEÇ°CBTFÇ°POÇ°WBMVF JO VTFÇ°DBMDVMBUJPO Ç° 5IFÇ°DBMDVMBUJPOÇ°SFRVJSFTÇ°UIFÇ°VTFÇ°PGÇ°FTUJNBUFUFEÇ°QSPKFDUFEÇ°DBTIÇ°Ĺ´PXTÇ°GSPNÇ°PQFSBUJPOÇ°UISPVHIPVUÇ°UIFÇ°FYQFDUFEÇ° useful lives of assets. Employee beneĹłt obligations 5IFÇ°(SPVQÇ°QSPWJEFTÇ°GPSÇ°QPTU FNQMPZNFOUÇ°CFOFĹłUTÇ°PSÇ°SFUJSFNFOUÇ°CFOFĹłU Ç°QBZBCMFÇ°UPÇ°FNQMPZFFTÇ°CBTFEÇ°POÇ°SFMFWBOU SFHVMBUJPOTÇ°XIJDIÇ°BSFÇ°OPUJĹłDBUJPOÇ°PGÇ°4UBUFÇ°&OUFSQSJTFÇ°8PSLFSÇ°3FMBUJPOTÇ°$POGFEFSBUJPOÇ°BOEÇ°5IBJÇ°-BCPVSÇ°-BXÇ°BOEÇ° PUIFSÇ° MPOH UFSNÇ° CFOFĹłUÇ° XIJDIÇ° JTÇ° SFXBSEÇ° GPSÇ° TFSWJDFÇ° ZFBSÇ° FNQMPZFFT Ç° 5IFÇ° QSFTFOUÇ° WBMVFÇ° PGÇ° UIFTFÇ° FNQMPZFFÇ° CFOFĹłUTÇ°PCMJHBUJPOTÇ°JTÇ°EFUFSNJOFEÇ°CBTFEÇ°POÇ°WBSJPVTÇ°BTTVNQUJPOTÇ°XIJDIÇ°JODMVEFÇ°UIFÇ°EJTDPVOUÇ°SBUF Ç°UIFÇ°SBUFÇ°PGÇ°TBMBSZÇ° JOĹ´BUJPO Ç°BOEÇ°FNQMPZFFÇ°UVSOPWFS Ç° "OZÇ°DIBOHFTÇ°JOÇ°UIFTFÇ°BTTVNQUJPOTÇ°XJMMÇ°JNQBDUÇ°UIFÇ°OFUÇ°QFSJPEJDÇ°DPTUÇ°SFDPSEFEÇ°GPSÇ°QSPWJTJPOÇ°GPSÇ°FNQMPZFFÇ°CFOFĹłUT 0UIFSÇ°FTUJNBUFTÇ°BSFÇ°EJTDMPTFEÇ°JOÇ°FBDIÇ°SFMBUFEÇ°TFDUJPOÇ°PGÇ°UIFÇ°OPUFTÇ°UPÇ°ĹłOBODJBMÇ°TUBUFNFOUT

5. Capital risk management Ç°

The Groupâ&#x20AC;&#x2122;s objectives when managing capital are to safeguard the Groupâ&#x20AC;&#x2122;s ability to continue as a going concern JOÇ°PSEFSÇ°UPÇ°QSPWJEFÇ°SFUVSOTÇ°GPSÇ°TIBSFIPMEFSTÇ°BOEÇ°CFOFĹłUTÇ°GPSÇ°PUIFSÇ°TUBLFIPMEFSTÇ°BOEÇ°UPÇ°NBJOUBJOÇ°BOÇ°PQUJNBMÇ°DBQJUBMÇ° structure to reduce the cost of capital.

6. Segment infomation Ç° Ç° Ç° Ç° Ç°

The Group engages in airport and hotel business. Segment information of its airport business is presented by geographical areas. The airport business comprises both aeronautical and non-aeronautical revenues. Aeronautical SFWFOVFÇ°JTÇ°SFWFOVFÇ°EJSFDUMZÇ°SFMBUFEÇ°UPÇ°BJSÇ°USBGĹłD Ç°GPSÇ°FYBNQMF Ç°MBOEJOHÇ°BOEÇ°QBSLJOHÇ°DIBSHFT Ç°QBTTFOHFSÇ°TFSWJDFÇ°DIBSHFTÇ° BOEÇ°BJSDSBGUÇ°TFSWJDFÇ°DIBSHFT Ç°/PO BFSPOBVUJDBMÇ°SFWFOVFÇ°JTÇ°SFWFOVFÇ°OPUÇ°EJSFDUMZÇ°SFMBUFEÇ°UPÇ°BJSÇ°USBGĹłD Ç°GPSÇ°FYBNQMF Ç° PGĹłDFÇ°BOEÇ°TUBUFÇ°QSPQFSUZÇ°SFOUT Ç°TFSWJDFÇ°SFWFOVFTÇ°BOEÇ°DPODFTTJPOÇ°SFWFOVFT Ç°5IFÇ°DIJFGÇ°PQFSBUJOHÇ°EFDJTJPO NBLFSÇ° BTTFTTFEÇ°UIFÇ°QFSGPSNBODFÇ°PGÇ°PQFSBUJOHÇ°TFHNFOUTÇ°CZÇ°VTJOHÇ°QSPĹłUÇ°GSPNÇ°PQFSBUJPOÇ°PGÇ°TFHNFOUT 5IFÇ°BDDPVOUJOHÇ°QPMJDJFTÇ°GPSÇ°UIFÇ°PQFSBUJOHÇ°TFHNFOUTÇ°BSFÇ°UIFÇ°TBNFÇ°BTÇ°UIPTFÇ°VTFEÇ°JOÇ°UIFÇ°QSFQBSBUJPOÇ°PGÇ°UIFÇ°ĹłOBODJBMÇ° statements. The Group accounts for inter-segment sale/transfers as same as sale/transfers made to third parties.

Statements of income for the year ended September 30, 2013 Revenues &YUFSOBMÇ°SFWFOVFTÇ° *OUFS TFHNFOUÇ°SFWFOVFTÇ° Total revenuesÇ° ProĹłt (loss from operation of segmentÇ° 0UIFSÇ°JODPNFÇ° FYQFOTFT Ç° Ç°OFUÇ° *ODPNFÇ°UBYÇ° "MMPDBUFEÇ°OFUÇ°MPTTÇ°PGÇ°IFBEÇ°PGĹłDFÇ° ProĹłt (loss for the yearÇ°

Statements of income for the year ended September 30, 2014 Revenues &YUFSOBMÇ°SFWFOVFTÇ° *OUFS TFHNFOUÇ°SFWFOVFTÇ° Total revenuesÇ° ProĹłt (loss from operation of segmentÇ° 0UIFSÇ°JODPNFÇ° FYQFOTFT Ç° Ç°OFUÇ° *ODPNFÇ°UBYÇ° "MMPDBUFEÇ°OFUÇ°MPTTÇ°PGÇ°IFBEÇ°PGĹłDFÇ° ProĹłt (loss for the yearÇ°

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

BKK

Ç° Ç° Ç°

DMK

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

CNX

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

HDY

Airport business

Consolidated

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

HKT

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

CEI

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

Hotel business Elimination

Total

6OJUÇ° Ç°.JMMJPOÇ°#BIU

Assets as at September 30, 2013 4FHNFOUÇ°BTTFUTÇ° 6OBMMPDBUFEÇ°BTTFUTÇ° Total assets Liabilities as at September 30, 2013 4FHNFOUÇ°MJBCJMJUJFTÇ° 6OBMMPDBUFEÇ°MJBCJMJUJFTÇ° Total LiabilitiesÇ°

Statements of Ĺłnancial position Assets as at September 30, 2014 4FHNFOUÇ°BTTFUTÇ° 6OBMMPDBUFEÇ°BTTFUTÇ° Total assetsÇ° Liabilities as at September 30, 2014 4FHNFOUÇ°MJBCJMJUJFTÇ° 6OBMMPDBUFEÇ°MJBCJMJUJFTÇ° Total LiabilitiesÇ°

Ç° Ç°

Ç° Ç° Ç°

Ç° Ç°

Ç° Ç° Ç°

BKK

Ç° Ç°

DMK

Ç° Ç° Ç°

Ç° Ç°

Ç° Ç° Ç°

CNX

Ç° Ç° Ç°

Ç° Ç°

Ç° Ç° Ç°

HDY

Airport business

Consolidated

Ç° Ç° Ç°

Ç° Ç°

Ç° Ç° Ç°

HKT

Ç° Ç° Ç°

Ç° Ç°

Ç° Ç° Ç°

CEI

Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç°

Hotel business Elimination

Total

6OJUÇ° Ç°.JMMJPOÇ°#BIU

7. Reclassifications Ç° Ç°

5IFÇ°(SPVQÇ°SFDMBTTJÅ³FEÇ°JUFNTÇ°JOÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°JODPNFÇ°GPSÇ°UIFÇ°ZFBSÇ°FOEFEÇ°4FQUFNCFSÇ° Ç° Ç°UPÇ°DPOGPSNÇ°XJUIÇ° UIFÇ°DIBOHFTÇ°JOÇ°QSFTFOUBUJPOÇ°JOÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°JODPNFÇ°GPSÇ°UIFÇ°ZFBSÇ°FOEFEÇ°4FQUFNCFSÇ° Ç° Ç°5IFSFÇ°JTÇ°OPÇ° FGGFDUÇ°UPÇ°QSFWJPVTMZÇ°SFQPSUFEÇ°OFUÇ°QSPÅ³UÇ°PSÇ°TIBSFIPMEFSTÄ´Ç°FRVJUZ Ç°5IFÇ°SFDMBTTJÅ³DBUJPOTÇ°BSFÇ°BTÇ°GPMMPXT Consolidated As previously reported Million Baht Statements of income for the year ended September 30, 2013 Ç°Ç° 3FQBJSTÇ°BOEÇ°NBJOUFOBODFÇ°FYQFOTFTÇ° Ç°Ç° 0UIFSÇ°FYQFOTFTÇ°

Ç° Ç°

Reclassified Million Baht

After reclassification Million Baht

Ç° Ç°

8. Cash and cash equivalents Consolidated

$BTIÇ° $VSSFOUÇ°BDDPVOUÇ°BOEÇ°TBWJOHTÇ°EFQPTJUTÇ° 'JYFEÇ°EFQPTJUTÇ° Savings deposit at the AOT Savings and Ç° $SFEJUÇ°Ç°$PPQFSBUJWFÇ°-JNJUFEÇ° 5PUBMÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç°

Ç° Ç°

*OÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°DBTIÇ°Å´PXT Ç°DBTIÇ°BOEÇ°DBTIÇ°FRVJWBMFOUTÇ°DPNQSJTFÇ°PG Consolidated

$BTIÇ°BOEÇ°EFQPTJUTÇ°BUÇ°Å³OBODJBMÇ°JOTUJUVUJPOTÇ° #BOLÇ°PWFSESBGUTÇ° 5PUBMÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç°

9. Short-term investments Consolidated and The Company

'JYFEǰEFQPTJUTǰ Held-to-maturity debt securities - within one year Bill of Exchange 5PUBMǰ

2014 Million Baht

2013 Million Baht

2,000.00 ǰ

10. Trade accounts receivable Consolidated

5SBEFǰBDDPVOUTǰSFDFJWBCMFǰ ǰUIJSEǰQBSUJFTǰ Trade accounts receivable - related parties ǰ /PUFǰ ǰ 5PUBMǰ Lessǰ ǰ"MMPXBODFǰGPSǰEPVCUGVMǰBDDPVOUTǰ 5SBEFǰBDDPVOUTǰSFDFJWBCMFǰ ǰOFUǰ

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

ǰ ǰ ǰ ǰ

ǰ ǰ ǰ ǰ ǰ

"TǰBUǰ4FQUFNCFSǰ ǰ ǰUIFǰBMMPXBODFǰGPSǰEPVCUGVMǰBDDPVOUTǰJOǰUIFǰDPOTPMJEBUFEǰųOBODJBMǰTUBUFNFOUTǰBNPVOUJOHǰ PGǰ#BIUǰ ǰNJMMJPOǰDPOTJTUTǰPGǰ ǰFYFDVUJOHǰMFHBMǰDBTFTǰBDDPVOUFEǰGPSǰ#BIUǰ ǰNJMMJPO ǰ ǰDBTFTǰJOǰUIFǰQSPDFTTǰ PGǰIFBSJOHǰBOEǰDPOTJEFSBUJPOǰPGǰUIFǰDPVSUǰBNPVOUFEǰGPSǰ#BIUǰ ǰNJMMJPO ǰ ǰDBTFTǰVOEFSǰQSPDFTTǰPGǰHBUIFSJOHǰ FWJEFODFǰGPSǰGVSUIFSǰMFHBMǰBDUJPOǰBDDPVOUFEǰGPSǰ#BIUǰ ǰNJMMJPOǰBOEǰ ǰDBTFTǰJOǰUIFǰQSPDFTTǰDPNQSPNJTJOHǰBOEǰ QVSTVJOHǰUPUBMJOHǰ#BIUǰ ǰNJMMJPO

ǰ ǰ ǰ ǰ

"TǰBUǰ4FQUFNCFSǰ ǰ ǰUIFǰBMMPXBODFǰGPSǰEPVCUGVMǰBDDPVOUTǰJOǰUIFǰDPOTPMJEBUFEǰųOBODJBMǰTUBUFNFOUTǰBNPVOUJOHǰ PGǰ#BIUǰ ǰNJMMJPOǰDPOTJTUTǰPGǰ ǰFYFDVUJOHǰMFHBMǰDBTFTǰBDDPVOUFEǰGPSǰ#BIUǰ ǰNJMMJPO ǰ ǰDBTFTǰVOEFSǰQSPDFTTǰ PGǰ HBUIFSJOHǰ FWJEFODFǰ GPSǰ GVSUIFSǰ MFHBMǰ BDUJPOǰ BDDPVOUFEǰ GPSǰ #BIUǰ ǰ NJMMJPOǰ BOEǰ ǰ DBTFTǰ JOǰ UIFǰ QSPDFTTǰ DPNQSPNJTJOHǰBOEǰQVSTVJOHǰUPUBMJOHǰ#BIUǰ ǰNJMMJPO

5SBEFÇ°BDDPVOUTÇ°SFDFJWBCMFÇ°BSFÇ°DMBTTJÅ³FEÇ°BTÇ°GPMMPXT Consolidated

/PUÇ°PWFSEVFÇ° /PUÇ°PWFSÇ° Ç°NPOUITÇ° 0WFSÇ° Ç°NPOUITÇ° Ç° Ç°ZFBSÇ° 0WFSÇ° Ç°ZFBSÇ° Ç° Ç°ZFBSTÇ°Ç° 0WFSÇ° Ç°ZFBSTÇ° 5PUBMÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç° Ç° Ç° Ç°

11. Other receivables Consolidated

3FDFJWBCMFTÇ°GSPNÇ°UIFÇ°3FWFOVFÇ°%FQBSUNFOUÇ° "DDSVFEÇ°JOUFSFTUÇ° 3FDFJWBCMFTÇ°GSPNÇ°FYUFOEFEÇ°DSFEJUÇ° 0UIFSÇ°SFDFJWBCMFTÇ°Ç° 5PUBMÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç° Ç° Ç°

Ç° Ç°

3FDFJWBCMFTÇ°GSPNÇ°UIFÇ°3FWFOVFÇ°%FQBSUNFOUÇ°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPOÇ°QSFTFOUFEÇ°JOÇ°UIFÇ°DPOTPMJEBUFEÇ°Å³OBODJBMÇ° TUBUFNFOUTÇ°BTÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°DPNQSJTFÇ°PG

Ç° Ç°

Ä»Ç° Ç°

3FGVOEBCMFÇ° DPSQPSBUFÇ° JODPNFÇ° UBYÇ° CZÇ° "05Ç° BNPVOUJOHÇ° UPÇ° #BIUÇ° Ç° NJMMJPOÇ° BTÇ° BUÇ° 4FQUFNCFSÇ° Ç° Ç° SFGVOEBCMFÇ°DPSQPSBUFÇ°JODPNFÇ°UBYÇ°BOEÇ°TQFDJBMÇ°CVTJOFTTÇ°UBYÇ°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPO

Ç° Ç°

Ä»Ç° Ç°

3FGVOEBCMFÇ°XJUIIPMEJOHÇ°UBYÇ°CZÇ°4")Ç°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPOÇ° BTÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°SFGVOEBCMFÇ° XJUIIPMEJOHÇ°UBYÇ°CZÇ°4")Ç°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPO

12. Inventories and supplies Consolidated

*OWFOUPSJFTÇ° 4VQQMJFTÇ° Less Allowance for damaged and Ç° PCTPMFUFÇ°TVQQMJFTÇ° *OWFOUPSJFTÇ°BOEÇ°TVQQMJFTÇ° Ç°OFUÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç° Ç°

13. Other current assets Consolidated

$BTIÇ°QMBDFÇ°UPÇ°UIFÇ°DPVSUÇ° "DDSVFEÇ°JOQVUÇ°UBYÇ° 1SFQBJEÇ°JOTVSBODFTÇ° 0UIFSÇ°DVSSFOUÇ°BTTFUTÇ° 5PUBMÇ°

Ç° Ç° Ç° Ç° Ç°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

Ç° Ç° Ç° Ç° Ç°

2013 Million Baht

$BTIÇ°QMBDFÇ°UPÇ°UIFÇ°DPVSUÇ°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPOÇ°DPNQSJTFTÇ°PGÇ°#BIUÇ° Ç°NJMJPOÇ°SFMBUJOHÇ°UPÇ°UIFÇ°DBTFÇ°PGÇ°OPJTFÇ° QPMMVUJPOÇ°JNQBDUÇ°BOEÇ°#BIUÇ° Ç°NJMMJPOÇ°GPSÇ°BÇ°UFSNJOBUJPOÇ°PGÇ°DPOUSBDUÇ°XJUIÇ°BÇ°QSJWBUFÇ°DPNQBOZÇ°UPÇ°NBOBHFÇ°CVJMEJOHÇ° and parking lot at Suvarnabhumi Airport. That private company sued AOT for infringement and expelling and requested an injunction. The court issued a motion for the interests of the litigants during the consideration for UIFÇ° QFSJPEÇ° CFUXFFOÇ° %FDFNCFSÇ° Ç° BOEÇ° "QSJMÇ° Ç° BOEÇ° BMMPXFEÇ° UIFÇ° QMBJOUJGGÇ° BOEÇ° UIFÇ° EFGFOEBOUÇ° Ç° "05 Ç° UPÇ° collect the parking fees and the membership fees and submit the full amount collected to the court. Subsequently, the court dismissed the case and returned money held by the court to AOT. It is currently in consideration of the 4VQSFNFÇ°"ENJOJTUSBUJWFÇ°$PVSU Ç°"05Ç°IBTÇ°Å³MFEÇ°BÇ°QFUJUJPOÇ°UPÇ°SFDFJWFÇ°UIFÇ°NPOFZ Ç°CVUÇ°UIFÇ°4VQSFNFÇ°"ENJOJTUSBUJWFÇ°$PVSUÇ° PSEFSFEÇ°UPÇ°IPMEÇ°UIFÇ°QBZNFOUÇ°BTÇ°EFTDSJCFEÇ°JOÇ°/PUFÇ°

14. Investment in bonds Consolidated and The Company 2014 Million baht

2013 Million Baht

1.00 Ç° 0.06 Ç°

(0.42)

Bank of Thailandâ&#x20AC;&#x2122;s bond #BOLÇ°PGÇ°5IBJMBOEÄ´TÇ°CPOEÇ°VTFEÇ°BTÇ°DPMMBUFSBMÇ° Premium (discount) to bond 5PUBMÇ° Ç° Ç° Ç°

"05Ç°IBTÇ°QMFEHFEÇ°CPOEÇ°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPOÇ°BTÇ°DPMMBUFSBMÇ°GPSÇ°EFMBZÇ°QBZNFOUÇ°PGÇ°UBYÇ°QBZBCMFÇ°XJUIÇ°UIFÇ° 3FWFOVFÇ°%FQBSUNFOUÇ°VOUJMÇ°UIFÇ°EFUFSNJOBUJPOÇ°PGÇ°QFUJUJPOÇ°UPÇ°XBJWFÇ°PSÇ°SFEVDFÇ°Å³OFÇ°BOEÇ°TVSDIBSHFÇ°SFMBUJOHÇ°UPÇ°WBMVFÇ° added tax for the construction of Suvarnabhumi Airport and the terminal expansion of Chiang Mai and Phuket "JSQPSUTÇ°JTÇ°Å³OBMJTFE

15. Available-for-sale investment Consolidated and The Company Percentage of Shareholding 2014 %

- Bangkok Aviation Fuel 4FSWJDFÇ°1MD Ç° Ç° Ç° 7BZVQBLÇ°NVUVBMÇ°GVOEÇ° Ç° Ç° Ç° Ç° Ç° Ç°

2013 %

Ç° Ç° Ç°

At Cost 2014 Million Baht

Ç° Ç°

2013 Million Baht

Fair Value 2014 Million Baht

2013 Million Baht

Book Value 2014 Million Baht

2013 Million Baht

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Dividends 2014 Million Baht

Ç° Ç°

2013 Million Baht

16. Investments in subsidiaries The Company Percentage of Shareholding 2014 %

Ç° /FXÇ°#BOHLPLÇ°"JSQPSUÇ°$P Ç°-UE /#*" Ç° Less Allowance for impairment in value of investments Ç° Ç° Ç° - Suvarnabhumi Airport Hotel Co., Ltd. (SAH) 5PUBMÇ°

Ç°

Investments Cost method

2013 %

Ç°

Ç° 60.00 Ç°

Dividends

2014 2013 2014 2013 Million Baht Million Baht Million Baht Million Baht

Ç°

Ç° Ç°

Ç°

Ç° 60.00 Ç°

- (442.47) Ç° Ç° 610.67 610.67 Ç°

Ç° -

/#*"Ç°SFHJTUFSFEÇ°UIFÇ°DPNQMFUFOFTTÇ°PGÇ°MJRVJEBUJPOÇ°POÇ°0DUPCFSÇ° Ç° Ç°BTÇ°TIPXOÇ°JOÇ°/PUFÇ° Ç°

17. General investments Consolidated Percentage of Shareholding Name of Company

Airport Duty Free Co., Ltd. 1IVLFUÇ°"JSÇ°$BUFSJOHÇ°$P Ç°-UE Ç° "JSQPSUÇ°"TTPDJBUFEÇ°$P Ç°-UE Ç° Less : Allowance for impairment in value Ç° PGÇ°JOWFTUNFOUTÇ° %POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°)PUFMÇ°$P Ç°-UE Ç° 5SBEFÇ°4JBNÇ°$P Ç°-UE Ç° 5IBJÇ°"WJBUJPOÇ°3FGVFMMJOHÇ°$P Ç°-UE Ç° 5IBJÇ°"JSQPSUÇ°(SPVOEÇ°4FSWJDFTÇ°$P Ç°-UE Ç° Less : Allowance for impairment in value Ç° PGÇ°JOWFTUNFOUTÇ° 5PUBMÇ°

2014 %

At Cost

2013 %

2014 Million Baht

20.00 Ç° Ç°

2014 Million Baht

20.00 Ç° Ç°

2013 Million Baht

20.00 Ç° Ç°

Dividends 2014 Million Baht

2013 Million Baht

10.00 Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

Ç° Ç°

20.00 Ç° Ç°

2013 Million Baht

Book Value

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç°

Ç°

The Company Percentage of Shareholding Name of Company

Ç° Ç° Ç°

Ä»Ç° Ç° Ç° Ç°

Ç°Ç° Ç°

Ç° Ç°

Ç°

Ä»Ç°

2014 %

At Cost

2013 %

2014 Million Baht

20.00 Ç° Ç°

2014 Million Baht

20.00 Ç° Ç°

2013 Million Baht

20.00 Ç° Ç°

Dividends 2014 Million Baht

2013 Million Baht

10.00 Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

Ç° Ç°

20.00 Ç° Ç°

2013 Million Baht

Book Value

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç°

Ç°

"05Ç°JOWFTUTÇ°JOÇ° Ç°PSEJOBSZÇ°TIBSFT Ç°BUÇ°#BIUÇ° Ç°FBDI Ç°PGÇ°5IBJÇ°"JSQPSUÇ°(SPVOEÇ°4FSWJDFTÇ°$P Ç°-UE Ç°'VMMZÇ° QBZNFOUÇ°XBTÇ°NBEFÇ°GPSÇ° Ç°TIBSFTÇ°UPUBMJOHÇ°#BIUÇ° Ç°NJMMJPO Ç° Ç°QBZNFOUÇ°XBTÇ°NBEFÇ°GPSÇ° Ç° TIBSFTÇ° UPUBMJOHÇ° #BIUÇ° Ç° NJMMJPO Ç° 5IFÇ° $PNQBOZÇ° DBMMFEÇ° GPSÇ° BOÇ° BEEJUJPOBMÇ° Ç° QBZNFOU Ç° UPUBMJOHÇ° #BIUÇ° Ç°NJMMJPO Ç°"05Ç°IBTÇ°OPUÇ°ZFUÇ°QBJEÇ°UIJT Ç°5IJTÇ°BNPVOUÇ°JTÇ°SFDPSEFEÇ°BTÇ°BDDSVFEÇ°FYQFOTFTÇ°JOÇ°UIFÇ°Å³OBODJBMÇ° statements. The company is now requesting for rehabilitation at the Central Bankruptcy Court. Even though "05Ç°IPMEÇ° Ç°PGÇ°WPUJOHÇ°SJHIUT Ç°JUÇ°EPFTÇ°OPUÇ°IBWFÇ°BÇ°TJHOJÅ³DBOUÇ°JOÅ´VFODFÇ°CFDBVTFÇ°"05Ç°EPFTÇ°OPUÇ°IBWFÇ°BÇ°QPXFSÇ° UPÇ°QBSUJDJQBUFÇ°JOÇ°UIFÇ°Å³OBODJBMÇ°BOEÇ°PQFSBUJOHÇ°QPMJDZÇ°EFDJTJPOT Ç°5IFSFGPSF Ç°5IBJÇ°"JSQPSUÇ°(SPVOEÇ°4FSWJDFTÇ°$P -UE Ç° is not considered as an associate. "05Ç°SFDFJWFEÇ°DBTIÇ°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPOÇ°POÇ°+VOFÇ° Ç° Ç°GSPNÇ°SFUVSOJOHÇ°DPNNPOÇ°TUPDLTÇ°PGÇ°"JSQPSUÇ° Associated Co., Ltd. according to the shareholdersâ&#x20AC;&#x2122; agreement with Kamac Co., Ltd.

18. Investment properties Investment properties considering by type of assets are as follows: Ç°

Ä»Ç°

#VJMEJOHÇ°PSÇ°TQBDFÇ°PDDVQJFEÇ°CZÇ°"05Ç°BOEÇ°SFOUFEÇ°VOEFSÇ°PQFSBUJOHÇ°MFBTFÇ°DPOUSBDU

Ç°

Ä»Ç°

#VJMEJOHÇ°PSÇ°TQBDFÇ°PDDVQJFEÇ°CZÇ°"05Ç°UPÇ°CFÇ°SFOUFEÇ°VOEFSÇ°PQFSBUJOHÇ°MFBTFÇ°DPOUSBDU

Ç°

Ä»Ç°

-BOEÇ°IFMEÇ°CZÇ°"05Ç°GPSÇ°BÇ°DVSSFOUMZÇ°VOEFUFSNJOFEÇ°GVUVSFÇ°VTF

Consolidated and The Company

Cost "TÇ°BUÇ°0DUPCFSÇ° Ç° Ç° Ç° "EEJUJPOTÇ° Ç° 5SBOTGFSÇ°GSPNÇ°BTTFUTÇ°VOEFSÇ°DPOTUSVDUJPOÇ° Ç° 3FDMBTTJÅ³DBUJPOTÇ° Ç° 4BMFÇ°BOEÇ°EJTQPTBMTÇ° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç° Accumulated depreciation "TÇ°BUÇ°0DUPCFSÇ° Ç° Ç° Ç° %FQSFDJBUJPOÇ°GPSÇ°UIFÇ°ZFBSÇ° Ç° 3FDMBTTJÅ³DBUJPOTÇ° - Sale and disposals "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç° Allowance for impairment "TÇ°BUÇ°0DUPCFSÇ° Ç° Ç° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç° Book value - net "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°

Ç° Ç°

Land

Building with rental space

Total

Million Baht

Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç°

Ç° Ç° Ç° (14.24) Ç°

(14.24)

Ç° Ç°

"TÇ° BUÇ° 4FQUFNCFSÇ° Ç° Ç° UIFÇ° GBJSÇ° WBMVFÇ° PGÇ° JOWFTUNFOUÇ° QSPQFSUJFTÇ° JOÇ° UIFÇ° DPOTPMJEBUFEÇ° BOEÇ° DPNQBOZÇ° Å³OBODJBMÇ° TUBUFNFOUTÇ°BSFÇ°#BIUÇ° Ç°NJMMJPO Ç°5IFÇ°GBJSÇ°WBMVFÇ°PGÇ°MBOEÇ°BOEÇ°CVJMEJOHÇ°XJUIÇ°SFOUBMÇ°TQBDFÇ°JTÇ°EFUFSNJOFEÇ°CZÇ°NBSLFUÇ° approach and income approach, respectively. Amounts recognised in the statements of income that are related to investment properties are as follows:

Consolidated and The Company

Revenues from sale or service 0GÅ³DFÇ°BOEÇ°TUBUFÇ°QSPQFSUZÇ°SFOUTÇ° Ç° 4FSWJDFÇ°SFWFOVFTÇ° $PODFTTJPOÇ°SFWFOVFTÇ° Direct operating expenses arise from investment properties that generated rental Ç° JODPNFÇ°GPSÇ°UIFÇ°ZFBSÇ°

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç°

Ç°

19. Property, plant and equipment Consolidated

Land Million Baht

Cost "TÇ°BUÇ°0DUPCFSÇ° Ç° Ç° Ç° "EEJUJPOTÇ° - Transfer from assets under Ç° Ç° DPOTUSVDUJPOÇ° Ç° 3FDMBTTJÅ³DBUJPOTÇ° Ç° 4BMFÇ°BOEÇ°EJTQPTBMTÇ° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç° Accumulated depreciation "TÇ°BUÇ°0DUPCFSÇ° Ç° Ç° Ç° %FQSFDJBUJPOÇ°GPSÇ°UIFÇ°ZFBSÇ° Ç° 3FDMBTTJÅ³DBUJPOTÇ° Ç° 4BMFÇ°BOEÇ°EJTQPTBMTÇ° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°

Building, construction, landscape architecture Million Baht

Electricity, water supply, fuel, communication and air conditioning systems Million Baht

Machinery, tools & appliances, equipment Million Baht

Vehicle Million Baht

Furniture, fixture, office equipment Million Baht

Total Million Baht

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç°

Ç° Ç°

Ç°

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Consolidated Building, construction, landscape architecture Million Baht

Electricity, water supply, fuel, communication and air conditioning systems Million Baht

Ç°

Ç° Ç° Ç°

Ç° Ç° Ç° Ç°

Ç° Ç°

Land Million Baht

Allowance for impairment "TÇ°BUÇ°0DUPCFSÇ° Ç° Ç° - Allowance for impairment Ç° Ç° PGÇ°UIFÇ°ZFBSÇ° Ç° 4BMFÇ°BOEÇ°EJTQPTBMTÇ° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç° Book value - net "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°

Machinery, tools & appliances, equipment Million Baht

Vehicle Million Baht

Furniture, fixture, office equipment Million Baht

Total Million Baht

Ç° Ç°

The Company

Land Million Baht

Building, construction, landscape architecture Million Baht

Electricity, water supply, fuel, communication and air conditioning systems Million Baht

Machinery, tools & appliances, equipment Million Baht

Vehicle Million Baht

Furniture, fixture, office equipment Million Baht

Total Million Baht

Ç°Ç° Ç°Ç° Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°Ç°

Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç°

Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç° Ç° Ç°

Ç° Ç°

Ç°Ç° Ç°Ç° Ç° Ç° Ç°

Ç°Ç° Ç°Ç° Ç° Ç°Ç° Ç°Ç° Ç° Ç° Ç°

Ç° Ç°

The Company Building, construction, landscape architecture Million Baht

Electricity, water supply, fuel, communication and air conditioning systems Million Baht

Ç°

Ç° Ç° Ç°

Ç° Ç° Ç° Ç°

Ç° Ç°

Land Million Baht

Machinery, tools & appliances, equipment Million Baht

Vehicle Million Baht

Furniture, fixture, office equipment Million Baht

Total Million Baht

Ç° Ç°

Ç° Ç° Ç°

"TÇ° BUÇ° 4FQUFNCFSÇ° Ç° Ç° "05Ç° IBTÇ° BMMPXBODFÇ° GPSÇ° JNQBJSNFOUÇ° PGÇ° BTTFUTÇ° GPSÇ° .BFÇ° 'BIÇ° -VBOHÇ° $IJBOHÇ° 3BJÇ° "JSQPSUÇ° BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPOÇ° BTÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPO Ç°5IFÇ°(SPVQÇ°DPOTJEFSTÇ° JNQBJSNFOUÇ°PGÇ°BTTFUTÇ°BUÇ°UIFÇ°DBTI HFOFSBUJOHÇ°VOJUÇ°MFWFMÇ°BUÇ°FBDIÇ°BJSQPSU Ç°5IFÇ°SFDPWFSBCMFÇ°BNPVOUÇ°JTÇ°EFĹłOFEÇ°BTÇ°UIFÇ° value-in-use because all business activities are operated on state properties leased from the Treasury Department, Ministry of Finance. According to the regulations of the Ministry of Finance, all constructions become the property of the Ministry of Finance upon completion, so the fair value less cost to sell is equal to zero.

Ç° Ç°

"TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°BOEÇ° Ç°UIFÇ°ĹłOBODFÇ°MFBTFEÇ°BTTFUTÇ°XIJDIÇ°JODMVEFEÇ°JOÇ°NBDIJOFSZ Ç°UPPMTÇ° Ç°BQQMJBODFTÇ°BOEÇ° FRVJQNFOUÇ°BOEÇ°GVSOJUVSF Ç°ĹłYUVSFÇ°BOEÇ°PGĹłDFÇ°FRVJQNFOUÇ°BSFÇ°EFUBJMFEÇ°BTÇ°GPMMPXT Consolidated

$PTUÇ° LessÇ° Ç°"DDVNVMBUFEÇ°EFQSFDJBUJPOÇ° #PPLÇ°7BMVFÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç°

20. Assets under construction Consolidated and The Company Suvarnabhumi Airport Million Baht "TÇ°BUÇ°0DUPCFSÇ° Ç° Ç° Ç° "EEJUJPOTÇ° Ç° 3FDMBTTJÅ³DBUJPOTÇ° Ç° 5SBOTGFSÇ°UPÇ°BTTFUTÇ° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

Regional Airports Million Baht Ç° Ç° Ç° Ç° Ç°

Don Mueang Airport Million Baht Ç° Ç° Ç° Ç° Ç°

Head Office Million Baht

Total Million Baht

Ç° Ç° Ç° Ç° Ç°

21. Intangible assets Consolidated and The Company Million Baht Cost "TÇ°BUÇ°0DUPCFSÇ° Ç° Ç° Ç° "EEJUJPOTÇ° Ç° 5SBOTGFSÇ°GSPNÇ°BTTFUTÇ°VOEFSÇ°DPOTUSVDUJPOÇ° Ç° 3FDMBTTJÅ³DBUJPOTÇ° - Sale and disposals "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç° Amortisation "TÇ°BUÇ°0DUPCFSÇ° Ç° Ç° Ç° "NPSUJTBUJPOÇ°GPSÇ°UIFÇ°ZFBSÇ° Ç° 3FDMBTTJÅ³DBUJPOTÇ° - Sale and disposals "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç° Allowance for impairment "TÇ°BUÇ°0DUPCFSÇ° Ç° Ç° - Allowance for impairment of the year "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°

(0.01) (0.01) 0.16

Consolidated and The Company Million Baht Book value - net "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç° Ç°

"TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°BOEÇ° Ç°UIFÇ°ĹłOBODFÇ°MFBTFEÇ°BTTFUTÇ°XIJDIÇ°JODMVEFEÇ°JOÇ°JOUBOHJCMFÇ°BTTFUTÇ°BSFÇ°EFUBJMFEÇ°BTÇ° follows: Consolidated and The Company

$PTUÇ° LessÇ°"DDVNVMBUFEÇ°BNPSUJTBUJPOÇ° #PPLÇ°7BMVFÇ°

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç°

22. Deferred income tax and income tax Ç° %FGFSSFEÇ°JODPNFÇ°UBYÇ°BTÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°BOEÇ° Ç°DPNQSJTFÇ°PG Consolidated and The Company

%FGFSSFEÇ°UBYÇ°BTTFUTÇ° LessÇ°%FGFSSFEÇ°UBYÇ°MJBCJMJUJFTÇ° %FGFSSFEÇ°UBYÇ°BTTFUT OFUÇ°

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç°

Changes in deferred tax assets and liabilities are as follows: Consolidated and The Company Finance Allowance Depreciation Impairment leased for doubtful - plant and - plant and Impairment Employee Property liabilities accounts equipment equipment -investment benefits tax Provisions Others Total Million Baht Million Baht Million Baht Million Baht Million Baht Million Baht Million Baht Million Baht Million Baht Million Baht

Deferred tax assets: "TÇ°BUÇ°0DUPCFSÇ° Ç° Ç° - Transaction recorded in the Ç° Ç° TUBUFNFOUTÇ°PGÇ°JODPNFÇ° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç° - Transaction recorded in the Ç° Ç° TUBUFNFOUTÇ°PGÇ°JODPNFÇ° - Transaction recorded in other comprehensive income "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°

Ç°

Ç° Ç° Ç°

Ç°

Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç°

Ç°

Ç° Ç°

Ç°

Ç° Ç°

Ç°

111.26 Ç° Ç° Ç°

- 111.26 Ç°

Consolidated and The Company Investment in availablefor-sale investment Million Baht Deferred tax liabilities "TÇ°BUÇ°0DUPCFSÇ° Ç° Ç° - Transaction recorded in the Ç° Ç° TUBUFNFOUTÇ°PGÇ°JODPNFÇ° - Transaction recorded in other Ç° Ç° DPNQSFIFOTJWFÇ°JODPNFÇ° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç° - Transaction recorded in the Ç° Ç° TUBUFNFOUTÇ°PGÇ°JODPNFÇ° - Transaction recorded in other Ç° Ç° DPNQSFIFOTJWFÇ°JODPNFÇ° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°

Depreciation plant and equipment Million Baht

Others Million Baht

Total Million Baht

Ç°

Ç° Ç°

Ç°

Ç° Ç°

5IFÇ°NPWFNFOUÇ°POÇ°UIFÇ°EFGFSSFEÇ°JODPNFÇ°UBYÇ°BDDPVOUÇ°GPSÇ°UIFÇ°ZFBSTÇ°FOEFEÇ°4FQUFNCFSÇ° Ç° Ç°BOEÇ° Ç°BSFÇ° as follows: Consolidated and The Company

%FGFSSFEÇ°UBYÇ°BTTFUT OFUÇ°CBMBODFÇ°BTÇ°BUÇ°0DUPCFSÇ° Ç°Ç° Ç° 5SBOTBDUJPOÇ°SFDPSEFEÇ°JOÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°JODPNFÇ° Ç° 5SBOTBDUJPOÇ°SFDPSEFEÇ°JOÇ°PUIFSÇ°DPNQSFIFOTJWFÇ°JODPNFÇ° %FGFSSFEÇ°UBYÇ°BTTFUT OFUÇ°CBMBODFÇ°BTÇ°BUÇ°4FQUFNCFSÇ° Ç°

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç° Ç°

Deferred tax assets are recognised for all deductible temporary differences to the extent that it is probable UIBUÇ°UBYBCMFÇ°QSPĹłUÇ°XJMMÇ°CFÇ°BWBJMBCMFÇ°BHBJOTUÇ°XIJDIÇ°UIFÇ°EFEVDUJCMFÇ°UFNQPSBSZÇ°EJGGFSFODFÇ°DBOÇ°CFÇ°VUJMJTFE

Ç°

Ç° *ODPNFÇ° UBYÇ° FYQFOTFÇ° JOÇ° UIFÇ° TUBUFNFOUTÇ° PGÇ° JODPNFÇ° GPSÇ° UIFÇ° ZFBSTÇ° FOEFEÇ° 4FQUFNCFSÇ° Ç° Ç° BOEÇ° Ç° comprises of: Consolidated and The Company

$VSSFOUÇ°JODPNFÇ°UBYÇ°GPSÇ°UIFÇ°ZFBSÇ°Ç° "EKVTUNFOUTÇ°JOÇ°SFTQFDUÇ°PGÇ°QSJPSÇ°ZFBSÇ° Total income taxÇ° 0SJHJOBUJPOÇ°BOEÇ°SFWFSTBMÇ°PGÇ°UFNQPSBSZÇ°EJGGFSFODFTÇ° Total deffered income taxÇ° *ODPNFÇ°UBYÇ°FYQFOTFÇ° Ç°

Ç°

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç° Ç° Ç° Ç°

5IFÇ° UBYÇ° POÇ° UIFÇ° (SPVQÄ´TÇ° QSPĹłUÇ° CFGPSFÇ° UBYÇ° EJGGFSTÇ° GSPNÇ° UIFÇ° BNPVOUÇ° UIBUÇ° DBMDVMBUFEÇ° GSPNÇ° UBYÇ° CBTFEÇ° QSPĹłUÇ° multiplies by the tax rate as follows: Consolidated

1SPĹłUÇ°CFGPSFÇ°JODPNFÇ°UBYÇ°FYQFOTFÇ° Income tax calculated at a tax rate Ç° PGÇ° Ç° Ç° Ç° *ODPNFÇ°OPUÇ°TVCKFDUÇ°UPÇ°UBYÇ° &YQFOTFTÇ°OPUÇ°EFEVDUJCMFÇ°GPSÇ°UBYÇ°QVSQPTFTÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç°

Ç° Ç° Ç°

Consolidated

Additional taxable expenses 6OEFSTUBUFEÇ°JODPNFÇ°UBYÇ°JOÇ°QSJPSÇ°ZFBSÇ° Tax losses for which no deferred tax assets Ç° XFSFÇ°SFDPHOJTFEÇ° *ODPNFÇ°UBYÇ°FYQFOTFÇ°Ç°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

(244.44) Ç°

(1,170.47) Ç°

(244.44) Ç°

(1,170.47)

Ç° Ç°

5IFÇ°BQQMJDBCMFÇ°UBYÇ°SBUFÇ°XBTÇ° Ç° Ç° Ç°5IFÇ°EFDSFBTFÇ°JOÇ°UBYÇ°SBUFÇ°JTÇ°CFDBVTFÇ°PGÇ°DIBOHFÇ°JOÇ°DPSQPSBUFÇ° income tax rate announced by the Government. The tax relating to components of other comprehensive income comprises of: Consolidated 2014 Before tax Tax Million Baht Million Baht

Gain on remeasuring available-for-sale Ç° JOWFTUNFOUÇ° "DUVBSJBMÇ°MPTTÇ° Other comprehensive incomeÇ°

Ç° Ç° Ç°

2013 After tax Before tax Tax Million Baht Million Baht Million Baht

Ç° Ç° Ç°

After tax Million Baht

The company 2014 Before tax Tax Million Baht Million Baht

Gain on remeasuring available-for-sale Ç° JOWFTUNFOUÇ° "DUVBSJBMÇ°MPTTÇ° Other comprehensive incomeÇ°

Ç° Ç° Ç°

2013 After tax Before tax Tax Million Baht Million Baht Million Baht

Ç° Ç° Ç°

After tax Million Baht

23. Other non-current assets Consolidated

"EWBODFÇ°QBZNFOUÇ° (VBSBOUFFEÇ°NPOFZÇ° $SPTTÇ°$VSSFODZÇ°4XBQÇ°DPOUSBDUTÇ° 5PUBMÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç° Ç°

AOT entered into cross currency swap contracts to protect risk of exchange rates. AOT recognised gain or loss from exchange rate of each contract to settle or receive separately on a gross basis by recording as other non-current assets or other non-current liabilities and recognised by offsetting in case AOT intended to settle or receive on a net basis. Ç° Ç°

"TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°DSPTTÇ°DVSSFODZÇ°TXBQÇ°DPOUSBDUT Ç°QSFTFOUFEÇ°VOEFSÇ°PUIFSÇ°OPO DVSSFOUÇ°BTTFUTÇ°BOEÇ°PUIFSÇ° OPO DVSSFOUÇ°MJBCJMJUJFTÇ° /PUFÇ° Ç°XFSFÇ°TJHOJÅ³DBOUMZÇ°DIBOHFEÇ°CZÇ°UIFÇ°FGGFDUÇ°PGÇ°GPSFJHOÇ°FYDIBOHFÇ°SBUFÇ°PGÇ°MPOH UFSNÇ° loans.

24. Promissory note Ç°

Ç°

"05Ç°IBTÇ°JTTVFEÇ°QSPNJTTPSZÇ°OPUFÇ°UPÇ°/#*"Ç°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPOÇ° /PUFÇ° Ç°POÇ°+BOVBSZÇ° Ç° Ç°GPSÇ° EJTDSFQBODZÇ°CFUXFFOÇ°UIFÇ°BTTFUTÇ°BOEÇ°MJBCJMJUJFTÇ°USBOTGFSSFEÇ°GSPNÇ°/#*" Ç° Ç° Ç°PGÇ°JOUFSFTUÇ°SBUFÇ°QFSÇ°BOOVN Ç°"05Ç°IBTÇ° not to pay interest since the dissolution date of NBIA. The maturity date of this note will be the last working day prior to the date that the remaining of share value, (if any), will be returned to shareholders of NBIA. /#*"Ç°SFHJTUFSFEÇ°UIFÇ°DPNQMFUFOFTTÇ°PGÇ°MJRVJEBUJPOÇ°POÇ°0DUPCFSÇ° Ç° Ç°BTÇ°QSFTFOUFEÇ°JOÇ°/PUFÇ°

25. Trade accounts payable Consolidated

5SBEFÇ°BDDPVOUTÇ°QBZBCMFÇ° Trade accounts payable - related parties Ç° /PUFÇ° Ç° 5PUBMÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç°

Ç° Ç°

26. Other current liabilities Consolidated

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

&NQMPZFFÄ´TÇ°CPOVTÇ°QBZBCMFÇ° "DDSVFEÇ°PVUQVUÇ°UBYÇ° "DDSVFEÇ°QSPQFSUZÇ°UBYÇ° 7BMVFÇ°BEEFEÇ°UBYÇ°QBZBCMFÇ° 3FWFOVFÇ°SFDFJWFEÇ°JOÇ°BEWBODFÇ° 8JUIIPMEJOHÇ°UBYÇ°QBZBCMFÇ° 0UIFSÇ°MJBCJMJUJFTÇ° 5PUBMÇ°

27. Long-term loans Consolidated 2014

The Company 2013

2014

2013

Million Yen Million Baht Million Yen Million Baht Million Yen Million Baht Million Yen Million Baht

'PSFJHOÇ°MPBOTÇ°

Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Less : Current portion Ç° PGÇ°MPOH UFSNÇ°MJBCJMJUJFTÇ°

Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç°

%PNFTUJDÇ°MPBOTÇ°

Ç°

Ç° PGÇ°MPOH UFSNÇ°MJBCJMJUJFTÇ°

Ç°

Ç° Ç° Ç°

Ç°

Less : Current portion

5PUBMÇ°

Ç° Ç° Ç° Ç°Ç° Ç° Ç° Ç°

Foreign loans ǰ ǰ ǰ ǰ

"05ǰGPSFJHOǰMPBOTǰXFSFǰCPSSPXFEǰJOǰ+BQBOFTFǰZFOǰGSPNǰPWFSTFBǰųOBODJBMǰJOTUJUVUFT ǰHVBSBOUFFEǰCZǰUIFǰ.JOJTUSZǰPGǰ 'JOBODFǰXJUIǰųYFEǰBOOVBMǰJOUFSFTUǰSBUFǰBUǰ ǰ ǰ ǰBOEǰ ǰ ǰ ǰQBZNFOUǰEVF ǰ"05ǰFOUFSFEǰJOUPǰDSPTTǰ DVSSFODZǰTXBQǰDPOUSBDUTǰGPSǰ ǰPGǰUIFǰSFNBJOJOHǰCBMBODFǰPGǰMPBOǰ BTǰBUǰ4FQUFNCFSǰ ǰ ǰFYDIBOHFǰSBUFǰ XBTǰ:FOǰ ǰ ǰ#BIUǰ ǰ Domestic loans

ǰ ǰ ǰ

%PNFTUJDǰMPBOTǰXFSFǰCPSSPXFEǰGSPNǰMPDBMǰųOBODJBMǰJOTUJUVUJPOTǰGPSǰUIFǰDPOTUSVDUJPOǰPGǰ4VWBSOBCIVNJǰ"JSQPSUǰ)PUFMǰ BNPVOUJOHǰUPǰ#BIUǰ ǰNJMMJPOǰXJUIǰJOUFSFTUǰSBUFǰPGǰ.-3ǰ ǰ ǰQFSǰBOOVNǰGSPNǰ'FCSVBSZǰ ǰ ǰUPǰ'FCSVBSZǰ ǰ ǰBOEǰPGǰ.-3ǰ ǰ ǰQFSǰBOOVNǰTJODFǰ'FCSVBSZǰ ǰ ǰUPǰUIFǰEVFǰEBUFǰPOǰ/PWFNCFSǰ ǰ ǰ The movements in the borrowings can be analysed as follows:

0QFOJOHǰBNPVOUǰBTǰBUǰ0DUPCFSǰ ǰ ǰ ǰǰ 3FQBZNFOUǰPGǰCPSSPXJOHTǰ ǰǰ %JGGFSSFODFǰGSPNǰFYDIBOHFǰSBUFǰǰ $MPTJOHǰBNPVOUǰBTǰBUǰ4FQUFNCFSǰ ǰ ǰ

Consolidated

The Company

Million Baht

ǰ ǰ ǰ ǰ

28. Finance leased liabilities Consolidated

'JOBODFǰMFBTFEǰMJBCJMJUJFTǰ Lessǰ%FGFSSFEǰJOUFSFTUǰ 5PUBMǰǰ Lessǰ$VSSFOUǰQPSUJPOǰPGǰųOBODFǰMFBTFEǰ ǰ MJBCJMJUJFTǰ Finance leased liabilities (over 1 year ǰ CVUǰOPUǰPWFSǰ ǰZFBST ǰ

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

ǰ ǰ ǰ

29. Employee benefit obligations 5IFÇ°BNPVOUTÇ°SFDPHOJTFEÇ°JOÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°Å³OBODJBMÇ°QPTJUJPOÇ°BTÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°BOEÇ° Ç°BSFÇ°EFUFSNJOFEÇ° as follows: Consolidated

Ç° 4IPSU UFSNÇ°FNQMPZFFÇ°CFOFÅ³UTÇ° Ç° Ç° "DDVNVMBUJOHÇ°BCTFODFTÇ° Ç° -POH UFSNÇ°FNQMPZFFÇ°CFOFÅ³UTÇ° Ç° Ç° 1PTU FNQMPZNFOUÇ°CFOFÅ³UTÇ° Ç° Ç° 0UIFSÇ°MPOH UFSNÇ°FNQMPZFFÇ°CFOFÅ³UTÇ° 5PUBMÇ°Ç° 5PUBMÇ°FNQMPZFFÇ°CFOFÅ³UÇ°PCMJHBUJPOTÇ° Ç°

2014 Million Baht

2013 Million Baht

2014 Million Baht

Ç° Ç° Ç° Ç° Ç° Ç° Ç°

2013 Million Baht

-POH UFSNÇ°FNQMPZFFÇ°CFOFÅ³UÇ°PCMJHBUJPOTÇ°BSFÇ°BTÇ°GPMMPXT Consolidated

1SFTFOUÇ°WBMVFÇ°PGÇ°FNQMPZFFÇ°CFOFÅ³UÇ° Ç° PCMJHBUJPOTÇ° Ç°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç°

5IFÇ°NPWFNFOUTÇ°JOÇ°UIFÇ°MPOH UFSNÇ°FNQMPZFFÇ°CFOFÅ³UÇ°PCMJHBUJPOTÇ°GPSÇ°UIFÇ°ZFBSTÇ°FOEFEÇ°4FQUFNCFSÇ° Ç° Ç°BOEÇ° Ç° are as follows: Consolidated

#FHJOOJOHÇ°CBMBODFÇ°BTÇ°BUÇ°0DUPCFSÇ° Ç° $VSSFOUÇ°TFSWJDFÇ°DPTUÇ° *OUFSFTUÇ°DPTUÇ° 1BTUÇ°TFSWJDFÇ°DPTUÇ° "DUVBSJBMÇ°MPTTÇ° #FOFÅ³UTÇ°QBJEÇ° &OEJOHÇ°CBMBODFÇ°BTÇ°BUÇ°4FQUFNCFSÇ° Ç°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç° Ç° Ç° Ç° Ç°

&YQFOTFTÇ°SFDPSEFEÇ°JOÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°JODPNFÇ°GPSÇ°UIFÇ°ZFBSTÇ°FOEFEÇ°4FQUFNCFSÇ° Ç° Ç°BOEÇ° Ç°BSFÇ°BTÇ°GPMMPXT Consolidated

$VSSFOUÇ°TFSWJDFÇ°DPTUÇ° *OUFSFTUÇ°DPTUÇ° 1BTUÇ°TFSWJDFÇ°DPTUÇ° "DUVBSJBMÇ°HBJOÇ° Expenses recorded in the statements Ç° PGÇ°JODPNFÇ°Ç°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç° Ç°

Ç°

Major actuarial assumptions Consolidated 2014 %JTDPVOUÇ°SBUFÇ° 1FSDFOUBHF Ç° "WFSBHFÇ°TBMBSZÇ°JODSFBTFÇ°SBUFÇ° 1FSDFOUBHF Ç°Ç° *OÅ´BUJPOÇ°SBUFÇ° 1FSDFOUBHF Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

The Company 2013 Ç° Ç° Ç°

2014 Ç° Ç° Ç° Ç° Ç°

2013

*OÇ° Ç°UIFÇ°(SPVQÇ°IBTÇ°SFDBMDVMBUFEÇ°UIFÇ°FNQMPZFFÇ°CFOFÅ³UÇ°PCMJHBUJPOTÇ°GSPNÇ°UIFÇ°DIBOHFTÇ°JOÇ°BTTVNQUJPOÇ°SFTVMUFEÇ°JOÇ° BDUVBSJBMÇ°MPTTÇ°JOÇ°BOÇ°BNPVOUÇ°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°DPNQSJTJOHÇ°PGÇ°BDUVBSJBMÇ°MPTTÇ°POÇ°QPTU FNQMPZNFOUÇ°CFOFÅ³UTÇ°PGÇ° #BIUÇ° Ç°NJMMJPOÇ°BOEÇ°BDUVBSJBMÇ°HBJOÇ°POÇ°PUIFSÇ°MPOH UFSNÇ°FNQMPZFFÇ°CFOFÅ³UTÇ°JOÇ°BOÇ°BNPVOUÇ°PGÇ°#BIUÇ° Ç°NJMMJPO

30. Provisions Consolidated and The Company Noise impact Million Baht "TÇ°BUÇ°0DUPCFSÇ° Ç° Ç° Ç° "EEJUJPOÇ°PGÇ°QSPWJTJPOTÇ° Ç°Ç°6TFEÇ°EVSJOHÇ°UIFÇ°ZFBSÇ° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç° Ç°Ç°4IPSUÇ° Ç°UFSNÇ°QSPWJTJPOTÇ° Ç°Ç°-POHÇ° Ç°UFSNÇ°QSPWJTJPOTÇ° 5PUBMÇ°

Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Lawsuit compensation Million Baht Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Property tax penalties compensation Million Baht

Total Million Baht

Ç° Ç° Ç° Ç° Ç° Ç° Ç°

31. Other non-current liabilities Consolidated and The Company

3FUFOUJPOTÇ° %FGFSSFEÇ°SFWFOVFÇ° $SPTTÇ°DVSSFODZÇ°TXBQÇ°DPOUSBDUTÇ° Other non-current liabilities 5PUBMÇ°

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç° 14.64 Ç°

16.06

32. Share capital and premium on share capital

"TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°BOEÇ° Ç° Ç° Ç° Ç°

No. of Shares Shares

Share capital Baht

Premium on share capital Baht

Ç°

Total Baht

"05Ç°IBEÇ°BVUIPSJ[FEÇ°TIBSFÇ°DBQJUBMÇ°PGÇ° Ç°PSEJOBSZÇ°TIBSFTÇ°XJUIÇ°BÇ°QBSÇ°WBMVFÇ°PGÇ°#BIUÇ° Ç°QFSÇ°TIBSFÇ° Ç° Ç°PSEJOBSZÇ°TIBSFTÇ°XJUIÇ°BÇ°QBSÇ°WBMVFÇ°PGÇ°#BIUÇ° Ç°QFSÇ°TIBSF Ç°5IFÇ°TIBSFTÇ°XFSFÇ°JTTVFEÇ°BOEÇ°GVMMZÇ°QBJE VQÇ° UPUBMMZÇ°#BIUÇ° Ç°NJMMJPO

33. Legal reserve Ç°

"DDPSEJOHÇ°UPÇ°"SUJDMFÇ° Ç°PGÇ°UIFÇ°1VCMJDÇ°-JNJUFEÇ°$PNQBOJFTÇ°"DUÇ°# & Ç° Ç°"05Ç°JTÇ°SFRVJSFEÇ°UPÇ°BQQSPQSJBUFÇ°OPUÇ° MFTTÇ°UIBOÇ° Ç°PGÇ°JUTÇ°BOOVBMÇ°OFUÇ°JODPNFÇ°BTÇ°BÇ°SFTFSWFÇ°VOUJMÇ°UIFÇ°SFTFSWFÇ°GVOEÇ°SFBDIFTÇ° Ç°PGÇ°UIFÇ°BVUIPSJ[FEÇ°TIBSFÇ° capital. AOT reserve fund was already appropriated to 10% of the issued and fully paid-up share capital.

34. Gain on foreign exchange Consolidated

3FBMJTFEÇ°(BJOÇ° 6OSFBMJTFEÇ°(BJOÇ°Ç° 5PUBMÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

Ç° Ç° Ç°

2013 Million Baht

35. State property rental Consoliated and The Company

-BOEÇ°VTFEÇ°CZÇ°"05Ç° -BOEÇ°VTFEÇ°CZÇ°%POÇ°.VFBOHÇ°*OUFSOBUJPOBMÇ°"JSQPSUÇ°)PUFMÇ°$P -UE Ç°GPSÇ°IPUFMÇ°CVTJOFTTÇ° 5PUBMÇ°

Ç°

Ç° Ç°

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç°

The Treasury Department demanded for collect the compensation for using the state property from AOT at the rate PGÇ° Ç°PGÇ°UIFÇ°PQFSBUJOHÇ°JODPNFÇ°PGÇ°%POÇ°.VFBOHÇ°"JSQPSUÇ°BOEÇ°4VWBSOBCIVNJÇ°"JSQPSUÇ°BOEÇ° Ç°GPSÇ°UIFÇ°PUIFSÇ°3FHJPOBMÇ° Airports without any expense deduction. After the opening of Suvarnabhumi Airport, the compensation rates for Don Mueang Airport and Regional Airports will be adjusted according to the result of consultant study provided by the Treasury Department. At present, the Treasury Department and AOT are negotiating for the new compensation rates, therefore, state property rental has been recorded at the former rates since the opening of Suvarnabhumi Airport. For the state property which AOT has rent to the Don Mueang International Airport Hotel Co., Ltd. to operate a hotel business, the Treasury Department approved AOT to use the state property for another 20 years since June Ç° Ç°POXBSET Ç°5IFÇ°TUBUFÇ°QSPQFSUZÇ°SFOUBMÇ°GFFÇ°JTÇ°#BIUÇ° Ç°NJMMJPOÇ°QFSÇ°ZFBSÇ°BOEÇ°XJMMÇ°CFÇ°JODSFBTFEÇ° Ç°FWFSZÇ° Ç°ZFBST

36. Loss (reversal of loss) on impairment of assets Consolidated

Reversal of loss on impairment of %POÇ°.VFBOHÇ°"JSQPSUÇ° -PTTÇ°POÇ°JNQBJSNFOUÇ°PGÇ°%POÇ°.VFBOHÇ°"JSQPSUÇ° Loss on impairment of Mae Fah Luang Ç° $IJBOHÇ°3BJÇ°"JSQPSUÇ°Ç° Reversal of loss on impairment of Ç° JOWFTUNFOUÇ° -PTTÇ°POÇ°JNQBJSNFOUÇ°PGÇ°JOWFTUNFOUÇ° 5PUBMÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç° Ç°

Ç°

Ç° Ç° Ç°

37. Other expenses Consolidated

0QFSBUJOHÇ°FYQFOTFTÇ°Ç° /PO PQFSBUJOHÇ°FYQFOTFTÇ° 5PUBMÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç°

38. Financial costs Consolidated

*OUFSFTUÇ°FYQFOTFÇ°PGÇ°MPBOTÇ°GSPNÇ°Å³OBODJBMÇ° Ç° JOTUJUVUJPOTÇ° *OUFSFTUÇ°FYQFOTFÇ°GSPNÇ°Å³OBODFÇ°MFBTFEÇ°MJBCJMJUJFTÇ° 5PUBMÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç°

39. Dividends Ç° Ç° Ç° Ç°

0OÇ°+BOVBSZÇ° Ç° Ç°UIFÇ°"OOVBMÇ°4IBSFIPMEFSTÄ´Ç°NFFUJOHÇ°PGÇ°"05Ç°BQQSPWFEÇ°UIFÇ°EJWJEFOEÇ°QBZNFOUÇ°GPSÇ°UIFÇ°ZFBSÇ° Ç° PGÇ°#BIUÇ° Ç°QFSÇ°TIBSFÇ°UPÇ°TIBSFIPMEFSTÇ°XIPÇ°BSFÇ°FOUJMUMFEÇ°UPÇ°EJWJEFOET Ç°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPO Ç°"05Ç° paid the dividends on February 6, 2014. 0OÇ°+BOVBSZÇ° Ç° Ç°UIFÇ°"OOVBMÇ°4IBSFIPMEFSTÄ´Ç°NFFUJOHÇ°PGÇ°"05Ç°BQQSPWFEÇ°UIFÇ°EJWJEFOEÇ°QBZNFOUÇ°GPSÇ°UIFÇ°ZFBSÇ° Ç° PGÇ°#BIUÇ° Ç°QFSÇ°TIBSFÇ°UPÇ°TIBSFIPMEFSTÇ°XIPÇ°BSFÇ°FOUJUMFEÇ°UPÇ°EJWJEFOET Ç°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPO Ç°"05Ç°QBJEÇ° UIFÇ°EJWJEFOETÇ°POÇ°'FCSVBSZÇ° Ç°

40. Basic earnings per share #BTJDÇ°FBSOJOHTÇ°QFSÇ°TIBSFÇ°JTÇ°DBMDVMBUFEÇ°CZÇ°EJWJEJOHÇ°QSPÅ³UÇ°BUUSJCVUBCMFÇ°UPÇ°PSEJOBSZÇ°FRVJUZÇ°IPMEFSTÇ°PGÇ°UIFÇ°QBSFOUÇ°CZÇ°UIFÇ° weighted average number of ordinary shares outstanding during the year. Consolidated 1SPÅ³UÇ°BUUSJCVUBCMFÇ°UPÇ°PSEJOBSZÇ°FRVJUZÇ° Ç° IPMEFSTÇ°PGÇ°UIFÇ°QBSFOUÇ° #BIU Ç° Weighted average number of ordinary Ç° TIBSFTÇ° 4IBSF Ç° #BTJDÇ°FBSOJOHTÇ°QFSÇ°TIBSFÇ° #BIU Ç°

The Company

2014

2013

2014

2013

Ç°

Ç° Ç°

The Group didnâ&#x20AC;&#x2122;t issue diluted ordinary shares during the reporting period, therefore, there was no presentation of diluted earnings per share.

41. Disclosure of financial instruments

Ç° Ç° Ç°

5IFÇ°(SPVQÇ°GBDFTÇ°UIFÇ°QSJODJQBMÇ°Å³OBODJBMÇ°SJTLTÇ°BTÇ°GPMMPXT Interest rate risk Interest rate risk arises from changes in market interest rate which may have and effects on AOT operating results BOEÇ°DBTIÇ°Å´PXÇ°JOÇ°UIFÇ°QSFTFOUÇ°BOEÇ°UIFÇ°GVUVSF Ç°"05Ç°IBTÇ°TIPSUÇ°UFSNÇ°BOEÇ°MPOHÇ°UFSNÇ°EFQPTJUTÇ°JOÇ°UIFÇ°Å³OBODJBMÇ°JOTUJUVUFT "05Ç°IBTÇ°MJBCJMJUJFTÇ°GSPNÇ°MPBOTÇ°XJUIÇ°Å³YFEÇ°JOUFSFTUÇ°SBUFÇ°BOEÇ°"05Ä´TÇ°TVCTJEJBSZÇ°IBTÇ°MJBCJMJUJFTÇ°GSPNÇ°MPBOTÇ°XJUIÇ°Å´PBUJOHÇ° interest rate. "WFSBHFÇ°JOUFSFTUÇ°SBUFTÇ°PGÇ°UIFÇ°Å³OBODJBMÇ°BTTFUTÇ°BOEÇ°MJBCJMJUJFTÇ°XJUIÇ°JOUFSFTUÇ°BTÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°BOEÇ° Ç°BSFÇ°BTÇ° follows: Consolidated 2014 Interest rate (%)

Cash and current account $BTIÇ°FRVJWBMFOUTÇ° Short-term investments and investment Ç° JOÇ°CPOETÇ° Ç°Ç° Ç° Ç° %PNFTUJDÇ°MPBOTÇ° 'PSFJHOÇ°MPBOTÇ° Ç° Ç° Ç°

Within 1 year Million Baht

Ç°

212.67 Ç°

Ç° Ç° Ç° Ç° Ç°

More than More than More than 1 year 2 years 5 years Million Baht Million Baht Million Baht

Ç°

Total Million Baht

Ç°

212.67

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç°Ç° Ç°Ç° Ç°

More than More than More than 1 year 2 years 5 years Million Baht Million Baht Million Baht

Total Million Baht

Consolidated 2013 Interest rate (%)

$BTIÇ°BOEÇ°DVSSFOUÇ°BDDPVOUÇ° $BTIÇ°FRVJWBMFOUTÇ° Short-term investments and investment Ç° JOÇ°CPOETÇ° %FQPTJUÇ°BUÇ°Å³OBODJBMÇ°JOTUJUVUJPOÇ° Ç°Ç° Ç° Ç° %PNFTUJDÇ°MPBOTÇ° 'PSFJHOÇ°MPBOTÇ° Ç° Ç° Ç°

Within 1 year Million Baht

Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç°Ç° Ç°Ç° Ç°

The Company 2014 Interest rate (%)

Cash and current account $BTIÇ°FRVJWBMFOUTÇ° Short-term investments and investment Ç° JOÇ°CPOETÇ° Ç°Ç° Ç° Ç° 'PSFJHOÇ°MPBOTÇ°

Within 1 year Million Baht

Ç°

210.11 Ç°

Ç° Ç° Ç°

More than More than More than 1 year 2 years 5 years Million Baht Million Baht Million Baht

Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç°

Total Million Baht

210.11

Ç° Ç° Ç°Ç°

The Company 2013 Interest rate (%)

$BTIÇ°BOEÇ°DVSSFOUÇ°BDDPVOUÇ° $BTIÇ°FRVJWBMFOUTÇ° Short-term investments and investment Ç° JOÇ°CPOETÇ° %FQPTJUÇ°BUÇ°Å³OBODJBMÇ°JOTUJUVUJPOÇ° Ç°Ç° Ç° Ç° 'PSFJHOÇ°MPBOTÇ°

Ç° Ç° Ç°

Ç°

Ç° Ç°

Within 1 year Million Baht

Ç° Ç°

Ç° Ç° Ç° Ç°

More than More than More than 1 year 2 years 5 years Million Baht Million Baht Million Baht

Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç°

Total Million Baht

Ç° Ç° Ç° Ç°Ç°

Exchange rate risk AOT had risk from the variance of currency exchange rate that affects liabilities, operating expenses and interest payment in foreign currency. AOT risk management policy is to set up the risk management subcommittee on foreign EFCU Ç°"05Ç°FOUFSFEÇ°JOUPÇ°DSPTTÇ°DVSSFODZÇ°TXBQÇ°GPSÇ°+BQBOFTFÇ°:FOÇ°MPBOTÇ°UPÇ°5IBJÇ°#BIUÇ°XIJDIÇ°XBTÇ° Ç° Ç°PGÇ°UIFÇ°SFNBJOJOHÇ° BNPVOUÇ°PGÇ°MPBOTÇ°CZÇ°BQQMZJOHÇ°Å³OBODJBMÇ°EFSJWBUJWFÇ°PGÇ°$SPTTÇ°$VSSFODZÇ°4XBQ Ç°1BSUJDJQBUJOHÇ°4XBQÇ°BOEÇ°$SPTTÇ°$VSSFODZÇ°4XBQÇ° XIJDIÇ°SFGFSSJOHÇ°UPÇ°UIFÇ°,JOHEPNÇ°PGÇ°5IBJMBOEÇ°TPMWFODZÇ°JOÇ°QSPQPSUJPOÇ°PGÇ° Ç°XJUIÇ°5IBJÇ°BOEÇ°GPSFJHOÇ°Å³OBODJBMÇ°JOTUJUVUJPOT Ç° Credit risk Credit risk is arisen from the delayed payment of debt of the client. Setting the clear service payment , continually trace the client of outstanding debt, and ask for the guarantee from the client schedule, are the ways to hedge UIFÇ°TBJEÇ°NBUUFS Ç°5IFÇ°DMJFOUÄ´TÇ°GBJSÇ°WBMVFÇ°TUBUFEÇ°JOÇ°UIFÇ°TUBUFNFOUTÇ°PGÇ°Å³OBODJBMÇ°QPTJUJPOÇ°JTÇ°UIFÇ°OFUÇ°WBMVFÇ°PGÇ°UIFÇ°EFCUPSÇ° after deducting doubtful account. Liquidity risk "05Ç°BOEÇ°JUTÇ°TVCTJEJBSZÇ°NBOBHFÇ°MJRVJEJUZÇ°SJTLÇ°CZÇ°TVGÅ³DJFOUMZÇ°NBJOUBJOJOHÇ°UIFÇ°MFWFMÇ°PGÇ°DBTIÇ°BOEÇ°DBTIÇ°FRVJWBMFOUTÇ°UPÇ° TVQQPSUÇ°UIFÇ°DPNQBOZÄ´TÇ°PQFSBUJPOTÇ°BOEÇ°EFDSFBTFÇ°SJTLÇ°GSPNÇ°UIFÇ°FGGFDUTÇ°PGÇ°DBTIÇ°Å´PXÇ°Å´VDUVBUJPO

Ç° Ç° Ç° Ç°

Fair value of Å³nancial instruments 5IFÇ°Å³OBODJBMÇ°BTTFUTÇ°BOEÇ°MJBCJMJUJFT Ç°JODMVEJOHÇ°CPSSPXJOH Ç°CFBSÇ°JOUFSFTUÇ°DMPTFÇ°UPÇ°UIFÇ°NBSLFUÇ°SBUF Ç°5IFÇ°NBOBHFNFOUÇ° CFMJFWFEÇ°UIBUÇ°GBJSÇ°WBMVFÇ°PGÇ°Å³OBODJBMÇ°BTTFUTÇ°BOEÇ°MJBCJMJUJFTÇ°EJEÇ°OPUÇ°IBWFÇ°TJHOJÅ³DBOUÇ°EJGGFSFODFÇ°GSPNÇ°CPPLÇ°WBMVF 5IFÇ° VOGBWPVSBCMFÇ° GBJSÇ° WBMVFÇ° PGÇ° DSPTTÇ° DVSSFODZÇ° TXBQÇ° DPOUSBDUTÇ° PGÇ° "05Ç° XBTÇ° #BIUÇ° Ç° NJMMJPO Ç° *UÇ° IBTÇ° CFFOÇ° calculated based on foreign exchange and interest rates quoted by AOT lending bankers at the statements of Å³OBODJBMÇ°QPTJUJPOÇ°EBUF Ç°BTÇ°JGÇ°UIFTFÇ°DPOUSBDUTÇ°IBEÇ°CFFOÇ°UFSNJOBUFE Ç°Ç°

42. Commitments Ç°

The Group legal commitments, which are not considered as expenses in the accounting period, are as follows: $BQJUBMÇ°FYQFOTFÇ°DPNNJUNFOUT Ç°BTÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°BOEÇ° Ç°DPNQSJTFTÇ°PG Consolidated and The Company

$POUSBDUTÇ°GPSÇ°)FBEÇ°0GÅ³DF Ç°%POÇ°.VFBOHÇ°BOEÇ°3FHJPOBMÇ°"JSQPSUTÇ° $POUSBDUTÇ°GPSÇ°4VWBSOBCIVNJÇ°"JSQPSUÇ°Ç° /PJTFÇ°*NQBDUÇ°Ç° 5PUBMÇ° Ç°

2013 Million Baht

Ç° Ç° Ç° Ç°

0QFSBUJOHÇ°FYQFOTFÇ°DPNNJUNFOUTÇ° 7"5Ç°JODMVEFE Ç°BTÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°BOEÇ° Ç°DPNQSJTFTÇ°PG Consolidated

$POUSBDUTÇ°XJUIÇ°QSJWBUFÇ°TFDUPSÇ° )PUFMÇ°NBOBHFNFOUÇ°DPOUSBDUÇ°BOEÇ°MPHPÇ°GFFÇ° 3FQBJSÇ°BOEÇ°NBJOUFOBODFÇ°DPOUSBDUTÇ° 1SPQFSUJFTÇ°MFBTJOHÇ°DPOUSBDUTÇ° 5PUBMÇ°

Ç° Ç° Ç°

2014 Million Baht

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç°

Ç°

"TÇ° BUÇ° 4FQUFNCFSÇ° Ç° Ç° 4VWBSOBCIVNJÇ° "JSQPSUÇ° )PUFMÇ° IBTÇ° PCMJHBUJPOTÇ° BSJTJOHÇ° GSPNÇ° ZFBS DPOUSBDUÇ° PGÇ° IPUFMÇ° NBOBHFNFOUÇ° 'FCSVBSZÇ° Ç° +BOVBSZÇ° Ç° Ç°JOÇ°UIFÇ°BNPVOUÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°GPSÇ°IPUFMÇ°NBOBHFNFOUÇ° GFFÇ° XBHFTÇ°BOEÇ°QFSTPOOFMÇ°FYQFOTFT Ç°BOEÇ°#BIUÇ° Ç°NJMMJPOÇ°GPSÇ°UIFÇ°MPHPÇ°GFF Ç°5IFÇ°UPUBMÇ°PCMJHBUJPOTÇ°XFSFÇ°#BIUÇ° Ç° million.

43. Related party transactions Ç°

Enterprises and individuals that directly, or indirectly through one or more intermediaries, control, or are controlled by, or are under common control with, the company, subsidiaries and fellow subsidiaries are related parties of the DPNQBOZ Ç° "TTPDJBUFTÇ° BOEÇ° JOEJWJEVBMTÇ° PXOJOH Ç° XIPÇ° IBWFÇ° UIFÇ° WPUJOHÇ° QPXFSÇ° XJUIÇ° TJHOJÅ³DBOUÇ° JOÅ´VFODFÇ° PWFSÇ° UIFÇ° company, key management personnel, including directors of the company and close members of the family of these individuals, such associated and individuals are also considered as related parties. In considering relationship between individuals and related parties, attention is directed to the substance of the relationship, and not merely the legal form.

Ç° Ç° Ç° Ç° Ç°Ç° Ç°

"DDPSEJOHÇ°UPÇ°UIFÇ°'"1Ä´TÇ°OPUJÅ³DBUJPOÇ°/P Ç°Ä¶(VJEBODFÇ°GPSÇ°EJTDMPTVSFTÇ°PGÇ°HPWFSONFOU SFMBUFEÇ°FOUJUJFTÄ·Ç°XIJDIÇ° effective for annual periods beginning on or after 1 January 2011, a reporting entity is exempt from the disclosure SFRVJSFNFOUTÇ°PGÇ°5"4Ç° Ç° SFWJTFEÇ° Ç° Ç°3FMBUFEÇ°QBSUZÇ°EJTDMPTVSFT Ç°QBSBHSBQIÇ° Ç°JOÇ°SFMBUJPOÇ°UPÇ°SFMBUFEÇ°QBSUZÇ°USBOTBDUJPOTÇ° BOEÇ°PVUTUBOEJOHÇ°CBMBODFT Ç°JODMVEJOHÇ°DPNNJUNFOUT Ç°XJUIÇ°BÇ°HPWFSONFOUÇ°UIBUÇ°IBTÇ°DPOUSPM Ç°KPJOUÇ°DPOUSPMÇ°PSÇ°TJHOJÅ³DBOUÇ° JOÅ´VFODFÇ°PWFSÇ°UIFÇ°SFQPSUJOHÇ°FOUJUZÇ°BOEÇ°XJUIÇ°BOPUIFSÇ°FOUJUZÇ°UIBUÇ°JTÇ°BÇ°SFMBUFEÇ°QBSUZÇ°CFDBVTFÇ°TVDIÇ°SFQPSUJOHÇ°FOUJUZ JTÇ°DPOUSPMMFE Ç°KPJOUÇ°DPOUSPMMFE Ç°PSÇ°JTÇ°VOEFSÇ°UIFÇ°TJHOJÅ³DBOUÇ°JOÅ´VFODFÇ°CZÇ°UIFÇ°TBNFÇ°HPWFSONFOUÇ°CPEZ Ç°5IFSFGPSF Ç°"05 is exempt from disclosure of the above information. Ç° 1VSDIBTFT Ç°TBMFTÇ°PSÇ°TFSWJDFTÇ°DBSSJFEÇ°PVUÇ°XJUIÇ°SFMBUFEÇ°QBSUZ The following transactions were carried out with related party. Prices between AOT and its related party are based on normal prices as same as business transactions carried out with non-related parties.

Ç°

Ç° 0VUTUBOEJOHÇ°CBMBODFTÇ°BSJTJOHÇ°GSPNÇ°QVSDIBTFT Ç°TBMFTÇ°PSÇ°TFSWJDFTÇ°Ç° Consolidated

Trade accounts receivable Ç° 4VCTJEJBSZÇ° Trade accounts payable Subsidiary Other current liabilities Ç° 4VCTJEJBSZÇ° Ç°

Ç°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

2013 Million Baht

Ç°

0.12

Ç°

Ç°Ç° 3FWFOVFTÇ°BOEÇ°FYQFOTFT Consolidated

Revenues 3FOUBMÇ°JODPNFTÇ°GSPNÇ°TVCTJEJBSZÇ° 4FSWJDFÇ°SFWFOVFTÇ°GSPNÇ°TVCTJEJBSZÇ° $PODFTTJPOÇ°SFWFOVFTÇ°GSPNÇ°TVCTJEJBSZÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

Ç° Ç° Ç°

2013 Million Baht

Consolidated

Other income from subsidiary 5PUBMÇ° Expenses &NQMPZFFÇ°CFOFÅ³UÇ°FYQFOTFTÇ°GSPNÇ°TVCTJEJBSZÇ° 0UIFSÇ°FYQFOTFTÇ°GSPNÇ°TVCTJEJBSZÇ° 5PUBMÇ° Ç°

Ç°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

Ç°

0.01 Ç°

0.12

Ç° Ç° Ç°

Ç° .BOBHFNFOUÇ°SFNVOFSBUJPO Consolidated

4IPSU UFSNÇ°FNQMPZFFÇ°CFOFÅ³UTÇ° 1PTU FNQMPZFFÇ°CFOFÅ³UTÇ° 5PUBMÇ° Ç°

2013 Million Baht

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

Ç° Ç° Ç°

2013 Million Baht

Ç° 5SBOTBDUJPOTÇ°JODVSSFEÇ°GSPNÇ°BDRVJTJUJPOÇ°BOEÇ°EJTTPMVUJPOÇ°PGÇ°/#*"Ç° /PUFÇ°

Consolidated

0UIFSÇ°SFDFJWBCMFTÇ° Accrued expenses 1SPNJTTPSZÇ°OPUFÇ°

The Company

2014 Million Baht

2013 Million Baht

2014 Million Baht

Ç° Ç°

2013 Million Baht 111.76

44. Contingent liabilities 44.1 Assessment of property tax (Don Mueang Airport) Ç°

Ç°

4JODFÇ° Ç°#BOHLPLÇ°.FUSPQPMJUBOÇ°"ENJOJTUSBUJPOÇ° #." Ç°IBTÇ°DIBOHFEÇ°QSPQFSUZÇ°UBYÇ°BTTFTTNFOUÇ°NFUIPEÇ°GSPNÇ° using only rent as a calculation base to use both rent and remuneration amount AOT obtained from operators for rental of spaces as a calculation base. AOT disagreed with this method because it made rental rate at Don Mueang Airport higher than a proper rate, for some spaces the monthly rate was as high as Baht 100,000 QFSÇ°TRVBSFÇ°NFUFS Ç°"05Ç°BQQFBMFEÇ°UPÇ°UIFÇ°0GÅ³DFÇ°PGÇ°UIFÇ°"UUPSOFZÇ°(FOFSBMÇ°POÇ°+VMZÇ° Ç° Ç°GPSÇ°UIFÇ°EFUFSNJOBUJPOÇ° of the committee on the assessment of property tax. AOT has applied this approach as criteria to appeal for the property tax until present.

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

Ç° Ç°Ç° Ç°

"05Ç°XBTÇ°JOGPSNFEÇ°CZÇ°UIFÇ°0GÅ³DFÇ°PGÇ°UIFÇ°"UUPSOFZÇ°(FOFSBMÇ° MFUUFSÇ°/P Ç° Ç°EBUFEÇ°.BSDIÇ° Ç° Ç°GPS UIFÇ°Å³OBMÇ°EFUFSNJOBUJPOÇ°PGÇ°UIFÇ°DPNNJUUFFÇ°POÇ°UIFÇ°BTTFTTNFOUÇ°PGÇ°QSPQFSUZÇ°UBYÇ°SFMBUJOHÇ°UPÇ°UIFÇ°QSPQFSUZÇ°UBYÇ° BTTFTTNFOUÇ°PGÇ° Ç° Ç° Ç°%VSJOHÇ° Ç° Ç° Ç°UIFÇ°0GÅ³DFÇ°PGÇ°UIFÇ°"UUPSOFZÇ°(FOFSBMÇ°JOGPSNFEÇ°"05Ç°GPSÇ°UIFÇ°Å³OBMÇ° determination of the committee on the assessment of property tax relating to the property tax assessment Ç° PGÇ° Ç° Ç° Ç°"TÇ°BÇ°SFTVMU Ç°UIFÇ°QSPQFSUZÇ°UBYÇ°GPSÇ° Ç°XBTÇ°PWFSÇ°BTTFTTFEÇ°CZÇ°#." Ç° Ç° "05Ç°BDDFQUFEÇ°UIFÇ°Å³OBMÇ°EFUFSNJOBUJPOÇ°PGÇ°UIFÇ°DPNNJUUFFÇ°POÇ°UIFÇ°BTTFTTNFOUÇ°PGÇ°QSPQFSUZÇ°UBYÇ°BOEÇ°GVMMZÇ°QBJEÇ° property tax to BMA in according to the criteria set by the committee on the assessment of property tax Ç° TJODFÇ° Ç° VOUJMÇ° QSFTFOU Ç° #."Ç° EJTBHSFFEÇ° XJUIÇ° UIFÇ° TUBUFEÇ° DSJUFSJBÇ° GPSÇ° QSPQFSUZÇ° UBYÇ° BTTFTTNFOUÇ° BOEÇ° BMXBZTÇ° Ç° BTTFTTFEÇ°UIFÇ°QSPQFSUZÇ°UBYÇ°CZÇ°VTJOHÇ°UIFÇ°TBNFÇ°DSJUFSJBÇ°BTÇ° Ç°5IFÇ°5SFBTVSZÇ°%FQBSUNFOU Ç°UIFÇ°PXOFSÇ°PGÇ°UIFÇ° Ç° QSPQFSUZÇ°XIJDIÇ°SFOUFEÇ°CZÇ°"05 Ç°JOGPSNFEÇ°UIBUÇ°UIFÇ°0GÅ³DFÇ°PGÇ°UIFÇ°"UUPSOFZÇ°(FOFSBMÇ°XPVMEÇ°TVCNJUÇ°UIFÇ°NBUUFSÇ° to the cabinet for ordering BMA to act in accordance with the determination of the committee. At present, there are no further progress. Ç° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°#."Ç°IBTÇ°JOGPSNFEÇ°"05Ç°DPODFSOJOHÇ°UIFÇ°QSPQFSUZÇ°UBYÇ°BTTFTTNFOUÇ°UJMMÇ° Ç°"05Ç°IBTÇ° Ç° #BIUÇ° Ç°NJMMJPOÇ°PGÇ°BQQFBMJOHÇ°UBYÇ°QBZBCMFÇ° #."Ç°IBTÇ°BTTFTTFEÇ°UIFÇ°QSPQFSUZÇ°UBYÇ°BNPVOUFEÇ°UPÇ°#BIUÇ° Ç° Ç° NJMMJPO Ç°MFTTÇ°UIFÇ°QBJEÇ°UBYÇ°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°BOEÇ°QFOBMUJFTÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ°BDDPSEJOHÇ°UPÇ°4FDUJPOÇ° Ç° Ç°PGÇ°UIFÇ°1SPQFSUZÇ°5BYÇ°"DU Ç°# & Ç° Ç°BNFOEFEÇ°CZÇ°UIFÇ°1SPQFSUZÇ°5BYÇ°"DUÇ° /P Ç°# & Ç° Ç°JOÇ° case the result of the appeal complied with the assessment of BMA. 44.2 Lawsuits AOT was prosecuted with 62 cases and seven litigation groups which comprise of: Ç° Ç° Ç° HFOFSBMÇ° DBTFT Ç° 5IFÇ° QMBJOUJGGÇ° Å³MFEÇ° BÇ° MBXTVJUÇ° BHBJOTUÇ° "05Ç° UPÇ° DPNQFOTBUFÇ° GPSÇ° UIFÇ° EBNBHFTÇ° JOÇ° BOÇ° Ç° Ç°Ç° BQQSPYJNBUFÇ°BNPVOUÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ° FYDMVEJOHÇ°JOUFSFTU Ç°5IFÇ°DBTFTÇ°BSFÇ°VOEFSÇ°DPOTJEFSBUJPOÇ° Ç° Ç°Ç° PGÇ°UIFÇ°DPVSUÇ°BOEÇ°JOTVSBODFÇ°DPNQBOZÇ°BOEÇ°OPUÇ°TFUUMFE Ç°5IFÇ°BUUPSOFZ BU MBXÇ°PGÇ°UIFÇ°0GÅ³DFÇ°PGÇ°UIFÇ°"UUPSOFZ General represents AOT. 44.2.2 7 cases and 7 litigation groups resulting from impact of noise pollution. The plaintiff has claimed Ç° Ç°Ç° "05Ç°GPSÇ°EBNBHFTÇ°UPUBMMJOHÇ°#BIUÇ° Ç°NJMMJPO Ç° Ç°DBTFTÇ°PGÇ°UIFTFÇ°XFSFÇ°JOÇ° Ç°UPÇ° Ç°BOEÇ°UIFÇ°PUIFSÇ° Ç° Ç°Ç° TFWFOÇ°XFSFÇ°JOÇ° Ç°UPÇ° Ç° UIFÇ°DBTFTÇ°JOÇ° Ç°UPÇ° Ç°BSFÇ°DBMMFEÇ°Ä¶TFWFOÇ°MJUJHBUJPOÇ°HSPVQTÄ·Ç°BTÇ°UIFZÇ° included several cases which the central administrative court subsequently had divided these seven litigation groups based on each plaintiff). The cases are under consideration by the court and have Ç° Ç°Ç° OPUÇ°ZFUÇ°CFFOÇ°Å³OBMJTFE Ç°5IFÇ°BUUPSOFZ BU MBXÇ°PGÇ°UIFÇ°0GÅ³DFÇ°PGÇ°UIFÇ°"UUPSOFZÇ°(FOFSBMÇ°SFQSFTFOUTÇ°"05 Ç° Ç° "Ç°QSJWBUFÇ°DPNQBOZÇ°Å³MFEÇ°BÇ°MBXTVJUÇ°BHBJOTUÇ°"05Ç°JOWPMWJOHÇ° Ç°DBTFÇ°DPODFSOJOHÇ°UIFÇ°XSPOHGVMÇ°UFSNJOBUJPOÇ° of contract for building and parking management at Suvarnbhumi Airport. The plaintiff sued AOT at Ç° Ç°Ç° UIFÇ°"ENJOJTUSBUJWFÇ°$PVSUÇ°UPÇ°QBZÇ°GPSÇ°EBNBHFTÇ°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPO Ç°"05 Ç°BTÇ°BÇ°EFGFOEBOU Ç° Ç° Ç°Ç° DPVOUFSDMBJNFEÇ°UIFÇ°QMBJOUJGGÇ°GPSÇ°CSFBDIÇ°PGÇ°UIFÇ°DPOUSBDU Ç°0OÇ° Ç°4FQUFNCFSÇ° Ç°UIFÇ°$FOUSBMÇ°"ENJOJT trative Court dismissed the case and ordered the plaintiff to pay for damages from breach of the Ç° Ç°Ç° DPOUSBDUÇ°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPOÇ°UPÇ°"05 Ç°UIFÇ°EFGFOEBOU Ç°BTÇ°BOÇ°JOTUBMMNFOUÇ°BMPOHÇ°XJUIÇ°UIFÇ° Ç° Ç°Ç° JOUFSFTUÇ°SBUFÇ°PGÇ° Ç°QFSÇ°BOOVNÇ°GSPNÇ°UIFÇ°QSPTFDVUJPOÇ°EBZÇ°VOUJMÇ°UIFÇ°QBZNFOUÇ°JTÇ°DPNQMFUFE Ç°5IFÇ°$PVSUÇ° also ordered the bank to take responsible with the plaintiff at amount of outstanding collateral not Ç° Ç°Ç° FYDFFEÇ°PGÇ°#BIUÇ° Ç°NJMMJPO Ç°5IFÇ°DBTFÇ°JTÇ°DVSSFOUMZÇ°POÇ°BOÇ°BQQFBMÇ°QSPDFTT The plaintiff sued AOT at the civil court for infringement and requested for an injunction. On December 14, 2012, the civil court considered that the case should be under the authority of the Administrative Ç° Ç°Ç° $PVSUÇ°BOEÇ°USBOTGFSSFEÇ°UIFÇ°DBTFÇ°UPÇ°UIFÇ°$FOUSBMÇ°"ENJOJTUSBUJWFÇ°$PVSU Ç°0OÇ°.BSDIÇ° Ç° Ç°UIFÇ°$FOUSBMÇ° Administrative Court decided to reject the accusation of infringement and stroked the case out of the case list. The private company appealed the order of the Central Administrative Court. Subsequently, Ç° Ç°Ç° POÇ°+VMZÇ° Ç° Ç°UIFÇ°4VQSFNFÇ°"ENJOJTUSBUJWFÇ°$PVSUÇ°JTTVFEÇ°BOÇ°PSEFSÇ°UPÇ°VQIPMEÇ°UIFÇ°$FOUSBMÇ°"ENJOJT trative Courtâ&#x20AC;&#x2122;s decision, which rejected the plaint and returned money that the litigant placed at

Ç°

UIFÇ°DPVSUÇ°UPÇ°"05 Ç°4VCTFRVFOUMZ Ç°UIFÇ°QSJWBUFÇ°DPNQBOZÇ°Å³MFEÇ°BÇ°NPUJPOÇ°SFRVFTUJOHÇ°UIFÇ°$FOUSBMÇ°"ENJOJT trative Court to reconsider the case. However, the Central Administrative Court rejected this motion. Ç° Ç°Ç° 5IFSFGPSF Ç°UIFÇ°QSJWBUFÇ°DPNQBOZÇ°Å³MFEÇ°BOÇ°BQQFBMÇ°UPÇ°UIFÇ°4VQSFNFÇ°"ENJOJTUSBUJWFÇ°$PVSU Ç°5IFÇ°DBTFÇ°JTÇ° Ç° Ç°Ç° OPXÇ°JOÇ°DPOTJEFSBUJPOÇ°PGÇ°UIFÇ°4VQSFNFÇ°"ENJOJTUSBUJWFÇ°$PVSU Ç°"05Ç°IBEÇ°BMSFBEZÇ°Å³MFEÇ°BÇ°QFUJUJPOÇ°UPÇ°SFDFJWFÇ° the money but the Supreme Administrative Court had an order to hold the payment. Ç° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°"05Ç°IBWFÇ°QSPWJTJPOÇ°GPSÇ°MJBCJMJUJFTÇ°JODVSSFEÇ°GSPNÇ° Ç°DBTFTÇ°PGÇ°MBXTVJUTÇ°BNPVOUJOHÇ°UPÇ° Ç° #BIUÇ° Ç°NJMMJPO Ç° /PJTFÇ°*NQBDU Ç° "05Ä´TÇ°#PBSEÇ°PGÇ°%JSFDUPSTÇ°IBWFÇ°SFTPMVUFEÇ°POÇ°.BZÇ° Ç° Ç°UPÇ°QBZÇ°DPNQFOTBUJPOÇ°UPÇ°QFPQMFÇ°XIPÇ°BSFÇ°BGGFDUFEÇ° by noise pollution arisen from the operations of Suvarnabhumi Airport in accordance with the cabinet resolution Ç° POÇ°.BZÇ° Ç° Ç°BOEÇ°"VHVTUÇ° Ç° Ç°5IFÇ°DPNQFOTBUJPOÇ°QBZNFOUTÇ°CBTFÇ°POÇ°BDUVBMÇ°BJSÇ°USBGÅ³DÇ°BOEÇ°BSFÇ°GPSÇ° buildings that were constructed before 2001as follows: Ç° Ä»Ç° "SFBTÇ°XJUIÇ°/&'Ç°PWFSÇ° Ç°5PÇ°OFHPUJBUFÇ°BOEÇ°QVSDIBTFÇ°CVJMEJOHTÇ°BOEÇ°DPOTUSVDUJPOTÇ°CZÇ°DPNQBSJOHÇ°XJUIÇ°UIFÇ° compensation guideline for expropriated immovable property as stated in the Act on Expropriation of Ç° Ç° *NNPWBCMFÇ°1SPQFSUZÇ°# & Ç° Ç°*GÇ°PXOFSTÇ°EPÇ°OPUÇ°XBOUÇ°UPÇ°TFMMÇ°UIFÇ°QSPQFSUZ Ç°UIFZÇ°XJMMÇ°SFDFJWFÇ°NPOFZÇ° for building improvement. Ç° Ä»Ç° "SFBTÇ°XJUIÇ°/&'Ç° Ç°5PÇ°TVQQPSUÇ°CVJMEJOHÇ°BOEÇ°DPOTUSVDUJPOÇ°JNQSPWFNFOUÇ°CZÇ°FWBMVBUJOHÇ°OPJTFÇ°MFWFM Ç°*GÇ°UIFÇ° noise level is over 10 decibel (a), an owner will receive money for buildings and constructions improvement according to the criteria of the study of National Institute of Development Administration (NIDA). Ç° "UÇ°UIFÇ°DBCJOFUÇ°NFFUJOHÇ°POÇ°0DUPCFSÇ° Ç° Ç°UIFÇ°DBCJOFUÇ°DPOTFOUFEÇ°UPÇ°UIFÇ°CBTJTÇ°PGÇ°FYUFOEJOHÇ°UIFÇ°DPNQFOTBUJPOÇ° for noise pollution resulting from the operations of Suvarnabhumi Airport in accordance with the cabinetâ&#x20AC;&#x2122;s Ç° SFTPMVUJPOTÇ°POÇ°.BZÇ° Ç° Ç°BOEÇ°"VHVTUÇ° Ç° Ç°GPSÇ°CVJMEJOHTÇ°DPOTUSVDUFEÇ°GSPNÇ° Ç°UPÇ°UIFÇ°DPNNFODFNFOUÇ° Ç° EBUFÇ°PGÇ°4VWBSOBCIVNJÇ°"JSQPSUÇ°POÇ°4FQUFNCFSÇ° Ç° Ç°5IFÇ°CBTJTÇ°PGÇ°QBZNFOUÇ°GPMMPXTÇ°UIFÇ°DBCJOFUÄ´TÇ°SFTPMVUJPOT Ç°Ç° POÇ°.BZÇ° Ç° Ç°BOEÇ°"VHVTUÇ° Ç° Ç°*OÇ°BEEJUJPO Ç°UIFÇ°DBCJOFUÇ°BHSFFEÇ°UIBUÇ°"05Ç°TIPVMEÇ°DPOTJEFSÇ°QBZJOHÇ°UIFÇ° compensation for noise pollution resulting from the operations of Suvarnabhumi Airport in cases outside the Ç° TDPQFÇ°PGÇ°UIFÇ°DBCJOFUÄ´TÇ°SFTPMVUJPOTÇ°POÇ°.BZÇ° Ç° Ç°BOEÇ°"VHVTUÇ° Ç° Ç°POÇ°BÇ°DBTFÇ°CZÇ°DBTFÇ°CBTJTÇ°GPSÇ°CVJMEJOHTÇ° Ç° DPOTUSVDUFEÇ°VOUJMÇ°UIFÇ°DPNNFODFNFOUÇ°EBUFÇ°PGÇ°4VWBSOBCIVNJÇ°"JSQPSUÇ°POÇ°4FQUFNCFSÇ° Ç° Ç° "TÇ°BUÇ°4FQUFNCFSÇ° Ç° Ç°"05Ç°IBWFÇ°QSPWJTJPOÇ°GPSÇ°DPNQFOTBUJPOÇ°GPSÇ°OPJTFÇ°JNQBDUÇ°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç° million to improve building and construction. However, AOT established compensation fund committee for the impact of Suvarnabhumi Airport. The objective of the fund is to set criteria and methods to mitigate and help people who are affected from the operations of Suvarnabhumi Airport. It is in compliance with the resolution of the National Environment Board Ç° NFFUJOHÇ°/P Ç° Ç°EBUFEÇ°.BZÇ° Ç°

45. Acquisition and dissolution of NBIA

Ç° Ç° Ç° Ç°

According to the cabinetâ&#x20AC;&#x2122;s resolution dated September 10, 2002, the cabinet agreed to transfer all activities, rights, liabilities, commitment, assets, as well as employees of NBIA to AOT when Suvarnabhumi Airport has completely been constructed. This would take place before the airport start its operation. Besides, NBIA should be dissolved and all its activities transfer to AOT as a business unit. This arrangement has already occurred on January 1, 2006 BOEÇ°BDLOPXMFEHFEÇ°CZÇ°UIFÇ°DBCJOFUÄ´TÇ°SFTPMVUJPOÇ°EBUFEÇ°'FCSVBSZÇ° Ç° Ç°JOÇ°BDDPSEBODFÇ°XJUIÇ°UIFÇ°SFTPMVUJPOTÇ°PGÇ°UIFÇ° .JOJTUSZÇ°PGÇ°'JOBODFÇ°BOEÇ°UIFÇ°.JOJTUSZÇ°PGÇ°4PDJBMÇ°%FWFMPQNFOUÇ°BOEÇ°)VNBOÇ°4FDVSJUZ Ç°0OÇ°%FDFNCFSÇ° Ç° Ç°BMMÇ°QFSTPOOFMÇ° from NBIA have already been transferred to AOT. After that, business, assets, rights, and commitment of that have also been transferred to AOT on January 1, 2006. All properties and liabilities have been transferred from NBIA VOEFSÇ°CPPLÇ°WBMVFÇ°SFDPSEFEÇ°JOÇ°/#*"Ç°BDDPVOUÇ°BTÇ°BUÇ°%FDFNCFSÇ° Ç° Ç°BUÇ°UIFÇ°BNPVOUÇ°PGÇ°#BIUÇ° Ç°NJMMJPOÇ° JODMVEJOHÇ°#BIUÇ° Ç°NJMMJPOÇ°PGÇ°BTTFUTÇ°VOEFSÇ°DPOTUSVDUJPO Ç°#BIUÇ° Ç°NJMMJPOÇ°PGÇ°MBOE Ç°QMBOUÇ°BOEÇ°FRVJQNFOUÇ° Ç°

Ç° Ç° Ç° Ç° Ç°

OFUÇ°BOEÇ°#BIUÇ° Ç°NJMMJPOÇ°PGÇ°PUIFSÇ°JUFNT Ç°BOEÇ°#BIUÇ° Ç°NJMMJPO Ç°SFTQFDUJWFMZ Ç°5IVT Ç°UIFÇ°BNPVOUÇ°PGÇ°UIFÇ° QSPNJTTPSZÇ°OPUFÇ°UIBUÇ°"05Ç°JTTVFEÇ°UPÇ°/#*"Ç°XBTÇ°#BIUÇ° Ç°NJMMJPOÇ°XJUIÇ°JOUFSFTUÇ°SBUFÇ°PGÇ° Ç°QFSÇ°BOOVN Ç°5IFÇ° maturity date of this note will be the last working day prior to the date that the remaining of share value, (if any), XJMMÇ°CFÇ°SFUVSOFEÇ°UPÇ°"05 Ç°/#*"Ç°XBTÇ°SFHJTUFSFEÇ°GPSÇ°EJTTPMVUJPOÇ°POÇ°+VMZÇ° Ç° Ç°JOÇ°BDDPSEBODFÇ°XJUIÇ°UIFÇ°SFTPMVUJPOTÇ°PGÇ° UIFÇ°/#*"Ç°&YUSBPSEJOBSZÇ°4IBSFIPMEFSTÄ´Ç°.FFUJOHÇ°/P Ç°POÇ°+VMZÇ° Ç° Ç°BOEÇ°/P Ç°POÇ°+VMZÇ° Ç° Ç°*OUFSFTUÇ°PGÇ°UIFÇ° promissory note was not calculated since the dissolution date of NBIA. "UÇ°/#*"Ç°4IBSFIPMEFSTÄ´Ç°.FFUJOHÇ°/P Ç°EBUFEÇ°0DUPCFSÇ° Ç° Ç°UIFÇ°NFFUJOHÇ°IBTÇ°VOBOJNPVTÇ°SFTPMVUJPOÇ°UPÇ°SFUVSOÇ° cash to all shareholders. NBIA will offset account receivable from AOT with the amount payment to shareholders. "UÇ°QSFTFOU Ç°/#*"Ç°SFHJTUFSFEÇ°UIFÇ°DPNQMFUFOFTTÇ°PGÇ°MJRVJEBUJPOÇ°POÇ°0DUPCFSÇ° Ç°

46. Dispute Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç° Ç°

AOT received the letter from the Thai Arbitration Institute acknowledging the receipt of the Statement of Claim as follows: Ä»Ç° "Ç° KPJOUÇ°WFOUVSFÇ°TVCNJUUFEÇ°UIFÇ°4UBUFNFOUÇ°PGÇ°$MBJN Ç°BSJTJOHÇ°JOÇ°SFTQFDUÇ°PGÇ°UIFÇ°DPOTUSVDUJPOÇ°DPOUSBDUÇ°PGÇ°UIFÇ° passenger terminal and aerobridge for Suvarnabhumi Airport, to the Thai Arbitration Institute in accordance Ç° XJUIÇ°UIFÇ°DBTFTÇ°/P Ç° #MBDL Ç° Ç°BOEÇ°/P Ç° #MBDL Ç° Ç°EBUFEÇ°0DUPCFSÇ° Ç° Ç°5IFÇ°KPJOUÇ°WFOUVSFÇ° Ç° SFRVFTUFEÇ°"05Ç°UPÇ°QBZÇ°GPSÇ°EBNBHFTÇ°BNPVOUJOHÇ°UPÇ°#BIUÇ° Ç°NJMMJPOÇ°BOEÇ°:FOÇ° Ç°NJMMJPOÇ°JODMVEJOHÇ° interest. Later on, a joint venture amended the Statement of Claim for the agreed claim. As a result, the Ç° BNPVOUTÇ°PGÇ°DMBJNÇ°GPSÇ°CPUIÇ°DBTFTÇ°EFDSFBTFEÇ°UPÇ°#BIUÇ° Ç°NJMMJPOÇ°BOEÇ°:FOÇ° Ç°NJMMJPO On March 24, 2014, AOT and the joint venture entered into the compromise agreement to resolve the dispute. On April 17, 2014, both parties appointed the arbitrator to have the judgement based on such agreement Ç° BOEÇ°NVUVBMMZÇ°BHSFFEÇ°UPÇ°SFRVFTUÇ°UIFÇ°Å³OBMÇ°QBZNFOUÇ°GSPNÇ°"05Ç°PGÇ°#BIUÇ° Ç°NJMMJPOÇ° FYDMVEJOHÇ°7"5 Ç°8IFOÇ° the joint venture received this claim, both parties agreed to extinguish all disputes and not to claim each other anymore. At present, AOT had alredy paid to the joint venture in accordance with the compromise Ç° BHSFFNFOUÇ°POÇ°4FQUFNCFSÇ° Ç° Ä»Ç° "Ç°KPJOUÇ°WFOUVSFÇ°TVCNJUUFEÇ°UIFÇ°4UBUFNFOUÇ°PGÇ°$MBJN Ç°BSJTJOHÇ°GSPNÇ°UIFÇ°DPOTUSVDUJPOÇ°DPOUSBDUÇ°PGÇ°UIFÇ°FMFWBUFEÇ° Ç° GSPOUBHFÇ°SPBETÇ°GPSÇ°4VWBSOBCIVNJÇ°"JSQPSU Ç°UPÇ°UIFÇ°5IBJÇ°"SCJUSBUJPOÇ°*OTUJUVUFÇ°XJUIÇ°UIFÇ°DBTFTÇ°/P Ç° #MBDL Ç° Ç° dated May 4, 2010. The joint venture requested AOT to pay for damages amounting to Baht 1,206.17 million Ç° BOEÇ°:FOÇ° Ç°NJMMJPOÇ°JODMVEJOHÇ°JOUFSFTU Ç°5IFÇ°5IBJÇ°"SCJUSBUJPOÇ°*OTUJUVUFÇ°IBTÇ°BMSFBEZÇ°BQQPJOUFEÇ°UIFÇ°BSCJUSBUPSÇ° to consider the dispute. The case is under the process of examination of witnesses of claimants. Therefore, AOT could not estimate whether and to what extent the damages will incur according to the claimants.

47. Events after the statements of financial position date Ç° Ç° Ç° Ç° Ç°

"UÇ° "05Ç° #PBSEÇ° PGÇ° %JSFDUPSTÄ´Ç° .FFUJOHÇ° /P Ç° Ç° EBUFEÇ° Ç° 0DUPCFSÇ° Ç° BHSFFEÇ° GPSÇ° UIFÇ° QMBOÇ° UPÇ° JNQSPWFÇ° UIFÇ° 4VWBSOBCIVNJÇ°"JSQPSUÇ°%FWFMPQNFOUÇ°1SPKFDUÇ° Å³TDBMÇ°ZFBSÇ° Ç°BTÇ°QSFWJPVTMZÇ°BQQSPWFEÇ°CZÇ°UIFÇ°$BCJOFU Ç°5IFÇ° 4VWBSOBCIVNJÇ° "JSQPSUÇ° OFFETÇ° UPÇ° TQFFEÇ° VQÇ° UIFÇ° DPOTUSVDUJPOÇ° PGÇ° UIFÇ° BJSDSBGUÇ° QBSLJOHÇ° BSFBTÇ° BEKBDFOUÇ° UPÇ° UIFÇ° Å³STUÇ° .JEÅ³FMEÇ°4BUFMMJUFÇ°BMPOHÇ°XJUIÇ°UIFÇ°DPOTUSVDUJPOÇ°PGÇ°UBYJXBZÇ°DPOOFDUJOHÇ°&BTUÇ°SVOXBZÇ°BOEÇ°8FTUÇ°SVOXBZ Ç°5IJTÇ°JTÇ°UPÇ°VTFÇ° when the aircraft parking areas and the runway are closed for maintenance. The plan to improve the Suvarnabhumi "JSQPSUÇ°%FWFMPQNFOUÇ°1SPKFDUÇ° Å³TDBMÇ°ZFBSÇ° Ç° Ç° Ç°XIJDIÇ°XBTÇ°BQQSPWFEÇ°CZÇ°UIFÇ°$BCJOFUÇ°BOEÇ°"05Ç°IBTÇ°OPUÇ°ZFUÇ° commenced, AOT will reconsider the plan and the construction for appropriateness and to have the investment values for money spent according to the guideline as introduced by the Monitoring and Auditing Committee on 'JTDBMÇ°&YQFOEJUVSFT Ç°"05Ç°XJMMÇ°BMTPÇ°DPOTJEFSÇ°UIFÇ°BJSÇ°USBGÅ³DÇ°BOEÇ°UIFÇ°BCJMJUZÇ°UPÇ°TFSWJDFÇ°DVTUPNFSTÇ°JOÇ°UIFÇ°GVUVSFÇ°JODMVEJOHÇ° the customerâ&#x20AC;&#x2122;s convenience and AOTâ&#x20AC;&#x2122;s long-term liquidity. AOTâ&#x20AC;&#x2122;s Board of Director agreed for the revision of project management contract because AOT has to revisit its plan for an improvement of the Suvarnabhumi Airport Development Project. AOTâ&#x20AC;&#x2122;s board of director will report such plan to the Ministry of Transportation, accordingly.