SET Announcements

December 19, 2002 To: President Stock Exchange of Thailand Re: Roll-over loans to BEC - TERO Entertainment Co., Ltd. [BEC-TERO] As we reported the short-term loans granted by the company to BEC - TERO Entertainment Co., Ltd. [BEC-TERO] our subsidiary which the company's holding is not exceeding 90% of the paid-up capital of the subsidiary and the minority shareholder is not a connected person. Today we have agreed to roll-over loans to BEC-TERO of Baht 17.0 million which is due for repayment on 19th December 2002 and Baht 12.1 million which is due for repayment on 20th December 2002, for another year at an interest rate of 3.5% per annum. Details of the transaction are as per the enclosed disclosure form. Please be informed accordingly. Sincerely Yours, (Chatchai Thiamtong) Vice President - Finance Information of transactions between company and its subsidiaries which the company's holding is not exceeding 90% of the paid-up capital of the subsidiaries. Report date: 19th December 2002 1. Type of transaction: Short term loans to subsidiaries which the company's holding is not exceeding 90% of the paid-up capital of the subsidiaries. 2. Parties: Between BEC World Plc. (lender) [BEC] and BEC-TERO Entertainment Co.,Ltd.(borrower) [BEC-TERO] Relation: BEC-TERO is a subsidiary of BEC, which BEC holds 60% of BEC-TERO and Mr.Brian Lindsay Marcar who is not a connected person holds 40%. 3. Transaction Date and amount of money: 19th December 2002 Baht 17.0 million 20th December 2002 Baht 12.1 million 4. Characteristic of transaction: The transactions are the roll-over of the existing loan for another year. The interest rates are fixed at 3.5% per annum, at a higher rate than the banks' deposit rate on the transaction date.