Y2K

-Form57 (Y2K)- Preparation to resolve the Year2000 impact. Company Phata Leasing Public Company Limied. Type of Business "Leasing". Head Office located at 252/6 29th Fl. Muang Thai-Phatra Complex 1, Rachadaphisek Rd., HuayKwang, Bangkok 10320 Thailand. Telephone (662) 693-2288 Fax (662) 693-2299. Submitting the report concerning the preparation to resolve the Year2000 impact. The 3rd report submitted as of 31 December 1998 Y2K Implementation Progress During previous period, the company has performed the implementation as planned. It is currently on Phase 2 of the implementation plan. Expenses incurred from the beginning is approximately 600,000 baht. Management Conclusion The company has started implementing plan to resolve the Year2000 impacts since June 1998. The implementation has been progress according to the plan. It is projected to be fully completed by June 1999. We have reviewd this document and agree that all details and information in this document are presented on a need to know basis, and to the best of our knowledge the information are correct, complete, truthful and does not contain any misleading information which may cause any damage or loss to the shareholders. Mrs.Bunjarat Suharitdamrong has been deligated by the board of directors to verify the details in this document. Her signature must appear on every pages of the document to signify the authentication of the document. This document is a translated version and should be distributed together with the original Thai version for reference. Name Position Signature 1. Mr. Banthoon Lamsam Chairman of the Board As per the original Thai version 2. Mr. Visal Khongkha Director " 3. Mr. Vinai Punyarattabandhu Director " 4. Mr. Luxaman Bunnag Director " 5. Mr. Vasant Chariyatantiwate Director " 6. Mr. Krirkchai Siribhakdi Managing Director " Authorised Representative Name Position Signature Mrs.Bunjarat Suharitdamrong Vice President. As per the origianl Thai Version Business Development & Technology Office