OPERATING RESULTS - PL

A/C 0454/2001 November 26, 2001 Managing Director The Stock Exchange of Thailand Re: Clarification of the company net profit change more than 20 % for the year ended financial statement as of September 30,2001 when compared to the financial statement as of September 30,2000. The company operating result which show net profit amount of Baht 91.43 million for the year ended financial statements as of September 30,2001 increase from the same of the previous year by Baht 28.44 million or 45.16% which exceed 20 %. We would like to explain the cause of this change as follows: 1. The revenue from rental income increase by Baht 69.94 million or 11.12% because of increase in business volume from the previous year. 2. The revenue from sale of assets and others income increase by Baht 10.65 million or 27.37% from the previous year. 3. The direct rental cost and expenses increase by Baht 34.58 million or 6.04 % from the previous year. Hence, the operating result of the company net profit was 45.16% more than the previous year. Sincerely, (Krirkchai Siribhakdi) President