Management Discussion and Analysis Quarter 1 Ending 31-Mar-2014

Management Discussion and Analysis Company name : THE ERAWAN GROUP PUBLIC COMPANY LIMITED Year : 2014 Quarter : Quarter 1 Ending : 31-Mar-2014 This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.