SET Announcements

July 11, 2002 TO: President Stock Exchange of Thailand RE: Correction of our previous report on setting up of "Virgin BEC-TERO Radio Services (Thailand) Limited" REF: Our letter dated July 10, 2002 Re: setting up of "Virgin BEC-TERO Radio Services (Thailand) Limited" As we informed by the referred letter that the Board of Directors of BEC-TERO had passed its resolution to set up the joint venture company to be named "Virgin BEC-TERO Radio Services (Thailand) Limited and its auditor is Mr.Veerachai Ratanajaraskul, auditor's license No. 4323 of PricewaterhouseCoopers ABAS Limited. We were informed that Mr. Veerachai is not with PricewaterhouseCoopers ABAS Limited but in fact, is with KPMG Audit (Thailand) Limited. Please be informed accordingly. Sincerely Yours, (Chatchai Thiamtong) Vice President - Finance