CLARIFITION OF OPERATING RESULTS CHANGE FOR MORE THAN 20%

A/C 0506/2002 November 28, 2002 Managing Director The Stock Exchange of Thailand Subject: Clarification of the operating results change for more than 20 % of net profit for the year ended financial statement as of September 30,2002 when compared to the financial statement as of September 30,2001 The company operating result which show net profit amount of Baht 115.66 million for the year ended financial statements as of September 30,2002 increased from the same of previous year by Baht 24.24 million or 26.51% which excess 20 %. We would like to explain the causes of this change as follows: 1. The total revenue increased by Baht 137.62 million or increased 18.39 % and total costs increased by Baht 115.43 million or increased 19.02%. This because of the increasing in customer since the Company is growing together with the economic growth. Resulting in the Company's assets held for lease revenues and profit increased, In addition to effect of the interest rate decrease. 2. Income tax decreased by Baht 2.05 million or decreased 4.09% from previous year due to corporate tax reduced form 30% to 25% for five (5) year. For your acknowledgement Sincerely, (Krirkchai Siribhakdi) President