SET Announcements

February 25, 2003 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 1.7 million which is due for repayment on 25 February 2003, for 6 months 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: 25 February 2003 1. Type of transaction: Short term loans to subsidiary, which the company's holding is not exceeding 90% of the paid-up capital of the subsidiary. 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: 25 February 2003 4. Amount of money: Baht 1.7 million 5. Characteristic of transaction: The transactions are the roll-over of the existing loan for 6 months. The interest rates are fixed at 3.5% per annum, at a higher rate than the banks' deposit rate on the transaction date.