Clarification of chang in the Operation results excess 20%

A/C 0420/2007 28 November 2007 To: Director and Manager The Stock Exchange of Thailand Subject: Clarification of the change in the operating results according to the financial statements (profit and loss statements) in excess of 20% of net profit for the year ended 30 September 2007 Whereas the Company's operating results showed a net profit of Baht 266.92 million in the financial statements for the year ended 30 September 2007, compared to Baht 172.67 million for the year ended 30 September 2006, being an increase in the net profit of Baht 94.24 million or 54.58% or an excess of 20%.The Company would accordingly like to clarify the reasons for this change as follows:- 1.The Company's earnings from gain on the disposal of assets held for lease and property foreclosed in the year 2007 increased compared to the same year in 2006 of Baht 46.17 million or 89.82%. This is due to the fact that the volume of the rental leased termination type with no option to buy in the year 2007 is greater than the same year in 2006, reflecting in the Company making an increase in profit from the sale of assets held for lease and property foreclosed. 2. The Company's income tax in the year 2007 reduced compared to the year 2006 in the amount of Baht 71 million or 110.45% due to the corporate income tax exemption according to the Notification of the Director of the Revenue Department (No. 156) on money paid as investment at the rate of 25 % of the actual amount paid during the relevant accounting period. The Company has accordingly exercised the right under such Notification in the computation of its corporate income tax for the year 2007 in the amount of Baht 71 million, reflecting in the reduction of its corporate income tax. For your kind attention. Yours sincerely, (Mr. Krirkchai Siribhakdi) President