SET Announcements

April 22, 2003 To: President Stock Exchange of Thailand Re: Roll-over loans to TVB 3 Network Co.,Ltd. [TVB 3] As we reported the short-term loans granted by the company to TVB 3 Network Co.,Ltd. [TVB 3] 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 TVB 3 of Baht 1.0 million which is due for repayment on 22 April 2003, for another year at an interest rate of 3.0% 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: April 22, 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 TVB 3 Network Co.,Ltd.(borrower) [TVB 3] Relation: BEC has effectively 60% interest in TVB 3, through its 100% subsidiary BEC-International Distribution Co.,Ltd. The other 40% is held by TVB Oversea Co., Ltd. [TVB] a company in Television Broadcasts Limited (Hong Kong) Group. TVB is not a connected person. 3. Transaction Date: April 22, 2003 4. Amount of money: Baht 1.0 million 5. Characteristic of transaction: The transaction is the roll-over of the existing loan for another year. The interest rate is fixed at 3.0% per annum, at a higher rate than the banks' deposit rate on the transaction date.