Clarificition of change in the Operation results excess 20%

A/C 0216/2007 14 May 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 second quarter ended 31 March 2007 Whereas the Company's operating results showed a net profit of Baht 66.38 million in the interim financial statements for the period ended 31 March 2007, being an increase in the net profit of Baht 23.32 million or 54.16% compared to the period ended 31 March 2006, the Company's operating results showed a net profit of Baht 43.06 million or an 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 second quarter of 2007 increased compared to the same period in 2006 of Baht 30.01 million or 281.73%. This is due to the fact that the volume of the rental leased termination type with no option to buy in the second quarter of 2007 is greater than the same period in 2006, reflecting in the Company making an increase in profit from the sale of assets held for lease and property foreclosed. For your kind attention. Yours sincerely, (Mr. Krirkchai Siribhakdi) President