Thai Airways International PCL : 15 Aug 2016 Submission of F/S the three-month period and the six-month period ended June 30, 2016

TG. 07/ 093

August 15 , 2016

Subject Submission of financial statements for the three-month period and the six- month period ended June 30, 2016

To President of the Stock Exchange of Thailand

Thai Airways International Public Company Limited is pleased to submit the Company's consolidated financial statements and its subsidiaries for the three- month period and six-month period ended June 30, 2016 which has been reviewed by the Office of the Auditor General of Thailand and also Management's Discussion and Analysis (MD&A) for the second quarter of the financial year 2016 ended June 30, 2016. Details have been enclosed and can be summarized as follows:

During the second quarter of 2016, THAI continued the second phase of transformation plan "Strength building" and established the 10 years strategic plan. THAI also took further steps by implementing the ROP "MyWallet" for better convenience of ROP members, process redesign to enhance efficiency among Business Units such as Catering, Ground Customer service, and so on, and 2016's Mutual Separation Plan (MSP) that there were 280 staff joining the package effective on June 1 and July 1, 2016, consecutively.

Normally, the second quarter is the low season period combining with the fierce competition, especially in Asia-Pacific area caused by the enlargement of low cost airlines and Middle East carriers and the terrorism in Europe where is the leading market of THAI. These caused the 0.6% decrease in passenger traffic (RPK) while production traffic (ASK) reduced by 0.2%. Average cabin factor was 69.0% which was slightly dropped from last year. In June 2016, THAI decommissioned 1 operating lease aircraft: Boeing B777-200 which made the total 94 active aircrafts as of June 30, 2016, 1 less aircraft from the previous quarter. Aircraft utilization increased from 10.9 hours last year to 11.0 hours this year with 5.11 million passengers carried representing a 0.8% increase from last year.

THAI and its subsidiaries' financial performance for the second quarter of 2016 showed an operating loss of THB 1,782 million - a decrease of THB 2,931 million (62.2%) since the fuel expenses decreased by THB 3,182 million (21.3%) resulting from the falling jet fuel prices by 27.9%. Non-fuel operating expense decreased by THB 184 million (0.6%) from last year. Surprisingly, the decreasing fuel surcharge caused reduction of passenger and excess baggage revenue only by THB

536 million(1.6%) due to the better revenue management which made the better coverage of revenue over fuel cost.

2

THAI and its subsidiaries had THB 427 million of Mutual Separation plan programs and THB 1,873 million loss of impairment on assets and aircraft expenses but had THB 595 million gain of foreign currency exchange. Consequently, THAI and its subsidiaries reported the net loss of THB 2,915 million, a decrease of THB 9,839 million loss from last year. Loss attributable to owners of the parent amounted to THB 2,921 million. Loss per share was THB 1.34 compared to last year of 5.85.

As of June 30, 2016, THAI's consolidated total assets were THB 292,895 million, a decrease of THB 9,576 million (3.2%) from as at December 31, 2015. Most of them were both short-term and long-term repayment. Total liabilities totaled THB 257,923 million, which was a decrease of THB 11,622 million (4.3%). Total shareholders' equity amounted to THB 34,972 million, which was an increase of THB 2,046 million (6.2%).

Please be informed accordingly.

Yours faithfully,

Mr. Narongchai Wongthanavimok Executive Vice President

Finance and Accounting Department

Management Accounting and MIS Department 0-2545-2499