OPERATING RESULTS - PL

A/C 00248/2000 August 11,2000 Managing Director The Stock Exchange of Thailand Subject: Explanation of the operating resulting with over 20 percent change According to PHATRA LEASING PUBLIC COMPANY LIMITED operating result which show amounting approximately Baht 15.05 million of net income in the interim financial statements for the three-month period ended June 30,2000 increase from the prior quarter Baht 2.58 million or 20.66 % change. We would like to clarify that this change came from as follows: 1. The interest expense decrease amounting approximately Baht 8.37 million or 32.93% 2. The direct rental cost decrease amounting approximately Baht 10.30 million or 8.84% whereas the leasing rental income decrease amounting approximately Baht 12.68 million or 7.57 % Yours truly, (Krirkchai Siribakdi) President