COMPANY OPERATING RESULTS

A/C 00148/2001 August 14, 2001 Managing Director The Stock Exchange of Thailand Re: Clarification of the company net profit change more than 20 % for the third interim financial statement for the period ended June 30,2001 when compared to the same period of the previous year. The company operating result which show net profit amount of Baht 18.80 million for the third interim financial statements for the period ended June 30,2001 increase from the same period of the previous year by Baht 3.75 million or 24.91% which exceed 20 %. We would like to explain the cause of this change as follows: 1. The revenue from rental income increase by Baht 19.31 million or 12.47% because of increase in business volume. 2. The revenue from sale of assets and others income increase by Baht 4.70 million or 40.55% from the previous year. 3. The direct rental cost and expenses increase by Baht 12.37 million or 8.67 % from the previous year. Hence, the operating result of the company net profit was 24.91% more than the previous year. Sincerely, (Krirkchai Siribhakdi) President