KASIKORNBANK Financial Overview

K EXCELLENCE Highlights of Government Stimulus Plans Consumption Stimuli (Increase income/ boost consumption/ease spending burden) Investment Stimuli (Confidence and competitiveness enhancement) Projects/ Campaigns FY2012 Budget Act (Bt2.38trn) FY2012: Disbursed = Bt2.1trn or 90.3% FY2013 Budget Act (Bt2.4trn) FY2013: Disbursement as of April 2013 = Bt1.4trn or 57.6% Emergency Decree for Water Resource Management (Bt350bn) * Disbursement As of April 2013 = 2.9% Infrastructure Development (around Bt2trn) ** Corporate Income Tax Reduction (from 30% to 23% in 2012 and to 20% in 2013) 'First-Home' buyer The National Catastrophe Insurance Fund The BOT Soft Loans Bt300 daily minimum wage Bt15,000 monthly income for civil servants Rice pledging policy Performing-debt suspension 'First-Car' buyer Energy / cost of livings VAT maintained at 7.0% 2012 Note: * Bt50bn is allocated for short-term / emergency projects, and Bt300bn is allocated for long-term projects, which are in process of Term of Reference (TOR) ** Preliminary data; pending more information from the authorities Source: Compiled by KResearch, information as of May 2013 บริการทุกระดับประทับใจ ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK 2013 91 K EXCELLENCE ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Funding Needed from the Government for Investment Stimuli 1,000 Billion Baht 800 600 300 FY2013 F ■In addition to commercial bank loan expansion, funding needed from the government to finance budget deficit, as well as to invest in the water resource management and infrastructure development projects may affect liquidity in the system 342.5 400 1.9 200 344 0 FY2012 Economic Policies ■2013 Budget Act Budget Deficit Extra-budget borrowing Key Points ■FY2013 expenditures set at Bt2.4trn with a budget deficit of Bt300bn, compared to Bt2.38trn in expenditures with a Bt400bn deficit in FY2012 Implementation Process FY2013 ■ Effective date: announced in the Royal Gazette on Sep 30, 2012 Possible Impacts/ Expected Budget ■ Government spending help lessen flood impacts and risks from global economic uncertainty ■Fiscal discipline to remain manageable in the near-term; however, continued debt creation, both from budget and other borrowings, may impact long- term fiscal sustainability Sources: MOF, KResearch (As of May 2013) Note: FY2012 is actual data, and FY2013 is estimated data บริการทุกระดับประทับใจ 92 22

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