2

Model Boeing 737-800 ATR 72 - 500 SAAB 340B/2

Fleet/1

(Aircrafts) 12 2 5

Capacity (Seats)

186 - 189 66 - 72 34

Free Flexible Free 15 kg

“Serve with Nok Kanom”

“Seat Selection”

“Free of charge at least

a weight of 15 kg. ”

Nan

Chaing Rai

Phrae

Phitsanulok Loei Nakhon Panom

Sakon Nakhon

Ubon Ratchathani Roi Et

Buriram

Mae Sot

Mae Hong Son

Mukdahan

Nong Kai

Vientiane

Phuket

Chumphon

Surat Thani

Trang Nakhon Si Thammarat

Had Yai

Koh Nang Yuan Koh Tao

Koh Phangan Koh Samui

Koh Lipe

Kod Kradan Koh Mook

Koh Ngai Koh Lanta

Ranong

Krabi

Penang

Chiang Mai

Udon Thani

Bangkok

Remark: 1/ As of 31 July 2013 2/ Operated by Siam General Aviation under “Nok Mini” brand

3

Source: Airport of Thailand PCL and Department of Civil Aviation as of 30 June 2013

Primary route Secondary route

From Bangkok From Chiang Mai H1/2013 Market share by no. of passengers

Feeder route

71.1%

56.4% 49.6% 47.7%

40.0% 34.8% 21.5%

8.9%

100%

47.6%

100% 100% 100% 100% 100% 100% 100% 100%

46.2%

100% 100% 100%

0%

25%

50%

75%

100%

4

16.16 19.66 22.33 26.70

23.19 23.54

25.48 27.01

39.51 35.59 33.71

30.05

14.80 14.64 14.81 14.14 6.35 6.57 3.67 2.10

2010 2011 2012 H1/13

Unit: % Unit: %

35.4% 39.5% 43.4% 47.8%

50.7% 47.3% 49.5%

48.4%

13.9% 13.2% 7.1% 3.8%

0%

20%

40%

60%

80%

100%

2010 2011 2012 H1/13

Other

Other

5

Unit: Mil. Seat-Km. Unit: Mil.

1.92

2.83

0.93

1.40

0.00

0.50

1.00

1.50

2.00

2.50

3.00

H1/12 H1/13 Q2/12 Q2/13

1,335

2,008

654

993 1,111

1,748

548

860

0

500

1,000

1,500

2,000

2,500

H1/12 H1/13 Q2/12 Q2/13

ASK RPK

Unit: % Unit: THB/Pax/Sector

1,797

1,927 1,904 1,904

1,854

1,754

1,000

1,100

1,200

1,300

1,400

1,500

1,600

1,700

1,800

1,900

2,000

1Q12 2Q12 3Q12 4Q12 1Q13 2Q13

Remark; Average airfare exclude VAT, airport tax

6

82.7%

83.7%

84.5%

85.6%

87.6%

86.5%

75.0%

77.0%

79.0%

81.0%

83.0%

85.0%

87.0%

89.0%

Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13

Unit: THB Million

3,764

5,444

1,887

2,618

0

1,000

2,000

3,000

4,000

5,000

6,000

H1/12 H1/13 Q2/12 Q2/13

Unit: THB Million

120

676

110

260

0

100

200

300

400

500

600

700

800

1H/12 1H/13 2Q/12 2Q/13

7

Unit: THB/Seat/Km.

Unit: THB/Seat/Km.

8

2.69 2.83 2.82

2.65 2.89

2.64

1.12 1.10 1.11 1.10 1.19 1.05 0.12 0.18 0.10

0.30 0.19 0.29

2011 2012 H1/12 H1/13 Q2/12 Q2/13

RASK Operating profit exc. Fuel / ASK Operating profit / ASK

Unit: THB/Seat/Km.

1.02 1.00 0.83 0.87 0.84 0.76

0.56 0.50 0.48 0.54

0.40 0.44

0.26 0.27 0.28

0.25 0.27 0.33

0.27 0.25 0.22 0.22

0.21 0.19

0.17 0.18

0.17 0.24

0.15 0.16

0.46 0.49 0.54

0.56

0.49 0.48

0.0

0.5

1.0

1.5

2.0

2.5

3.0

Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13

Other operating costs

SG&A and D&A

Airport fee, Navigation,

Ground handling

Aircraft lease rent

Maintenance

Fuel

2.74

2.34 2.35

2.67 2.51 2.70

Maesot

Mae Sot – Mawlamyine starts 1 Sep 2013

Mae Sot – Yangon starts 1 Oct 2013

DMK – Yangon starts 1 Nov 2013

Mawlamyine

Yangon

9

Thai Airways 21

Bangkok Airways 21

Thai AirAsia 14

Myanmar Airways Int’l 14

Golden Myanmar 7

Weekly Flight per Week

Model Boeing 737-800 ATR 72 - 500 SAAB 340B/1

Fleet

(Aircrafts) 14 2 5

Capacity (Seats)

186 - 189 66 - 72 34

2 Boeing 737-800 inception Oct 2013

Expected No. of aircrafts at year end 2013

(Unit: Fleet)

Q2/2013 2013 2014 2015 2012 2011 2010

2013 2014

Boeing 737-800 2 in Oct. Mar (LOI signed)

Jul (Lease Agreement Signed)

Aug (Lease Agreement Signed)

Oct (Lease Agreement Signed)

Remark: 1/ Operated by Siam General Aviation under “Nok Mini” brand 10

6 10

3

3

8 12 14 18

22

2

2 3 2

2

3

6

3 5 5 5

5

5

737-400 737-800 Turbo Propeller 1/ SAAB

2013 2014 2015

Seat Capacity

(seat) 2,547 3,185 4,099

% Growth (YoY) 20.8% 25.0% 28.7%

Terms Definition

ASK (available seat kilometers)

Total number of seats available on scheduled flight multiplies by the number of kilometers those seats were flown

RPK (revenue passenger seat kilometers)

Total number of revenue passengers carried on scheduled flights multiplied by the number of kilometers those seats were flown

Cabin factor A measure of the amount of utilization of the total available capacity (ASK) of airline

RASK (Unit Revenue)

Revenue per available seat kilometer and is derived by taking total revenue divided by ASK

CASK

(Unit Cost)

Cost per available seat kilometer and is derived by taking total operating cost divided by ASK

CASK (Ex-Fuel)

(Cost exclude fuel Per ASK)

Cost excluding fuel per available seat kilometer and is derived by taking total operating cost (excluding fuel) divided by ASK

11