Carification of change in the Operation results excess 20%

No. 0183/2008 14 May 2008 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 second quarter ended 31 March 2008 The Company's operating results showed a net profit of Baht 44.97 million in the financial statements for the period ended 31 March 2008, being a decrease in the net profit of Baht 21.41 million or 32.26% compared to the net profit of Baht 66.38 million for the period ended 31 March 2007, or in excess of 20%. The Company would accordingly like to clarify the reasons for this change as follows:- The Company's earnings from gain on the disposal of assets held for lease and property foreclosed in the year 2008 decreased compared to the same period in 2007 of Baht 31.80 million or 78.19%. This is due to the fact that the volume of the rental leased termination type with no option to buy in the year 2008 is lesser than the same period in 2007, reflecting in the Company making a reduction in profit from the sale of assets held for lease and property foreclosed. Despite this operating results in 2008 is still satisfactory in terms of uninterrupted replacements of customers whose leases have expired with new ones. Furthermore, in 2008 the Company has developed its business by investing in new assets by launching aviation services in addition to car leasing which has resulted in an increase in the Company's total assets of Baht 476.35 million from September 2007 or 9.81%, making an increase in Company's leasing assets and revenue. The Company is therefore confident that it is capable of making continued profits. Accordingly for your kind attention. Yours sincerely, (Mr. Krirkchai Siribhakdi) President