Clarification of change in the operating result excess 20%

A/C 0110/2007 14 February 2007 Managing Director The Stock Exchange of Thailand Subject: Clarification of the change in the operating results according to the financial statement (profit and loss statement) in excess of 20% of net profit for the first quarter ended December 31,2006 The Company's operating results showed a net profit of Baht 72.25 million in the interim financial statements for the period ended 31 December 2006, being an increase in the net profit of Baht 26.76 million or 58.82 % compared to the period ended 31 December 2005 the Company's operating results showed a net profit of Baht 45.49 million or in excess of 20%.The Company would accordingly like to clarify the reasons for this change as follows: Since the granted period in the Royal Decree No.387 B.E.2544 in expired on 1 October 2006, therefore, the Company adjusted income tax expenses and deferred income tax assets which measured at the tax rate of 30% that are expected to apply to the period when the assets is realized or the liability is settled, base on tax rate (and tax laws) that have been enacted or substantively enacted at 31 December 2006 (equivalent to 30%). As a result, the Company has recorded an increase in deferred income tax assets of approximately Baht 33.6 million and a decrease in income tax expenses of approximately Baht 33.6 million. Accordingly for your kind attention Yours Sincerely, (Krirkchai Siribhakdi) President