Clarification of change in the Operation results excess 20%

No. 076/2008 14 February 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 first quarter ended 31 December 2007 The Company's operating results showed a net profit of Baht 46.03 million in the financial statements for the period ended 31 December 2007, being a decrease in the net profit of Baht 26.22 million or 36.29% compared to the net profit of Baht 72.25 million for the period ended 31 December 2006, or change in 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 decreased compared to the same period in 2006 of Baht 19.80 million or 63.73%. 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 lesser than the same period in 2006, reflecting in the Company making a reduction in profit from the sale of assets held for lease and property foreclosed. 2. Since the granted period for the reduction of tax under the Royal Decree No. 387 of B.E. 2544 has expired on 1 October 2006, the Company has accordingly adjusted its income tax expenses and deferred income tax assets in the year 2006, resulting in an increase payment of income tax in 2007 of Baht 14.25 million. Accordingly for your kind attention. Yours sincerely, (Mr. Krirkchai Siribhakdi) President