SET Announcements

Date : 12/05/2003 08:14 BEC : GIVE NEW SHORT TERM LOAN TO TVB 3 NETWORK CO.,LTD. May 9, 2003 To: President Stock Exchange of Thailand Re: Give new short term loan to TVB 3 Network Co.,Ltd. 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 give a new loan of Baht 0.7 million which will be due for repayment within a year from May 13, 2003 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 subsidiary which the company's holding is not exceeding 90% of the paid-up capital of the subsidiary. Report date: May 9, 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] Relationship: BEC has effectively 60% interest in TVB 3, through its 100% subsidiary BEC International Distribution Co.,Ltd. The other 40% is held by TVB Investment Co., Ltd. [TVB] a company in Television Broadcasts Limited (Hong Kong) Group. TVB is not a connected person. 3.Transaction Date: May 13, 2003 4.Amount of money: Baht 0.7 million 5.Characteristic of transaction: The transaction is a new loan for a year. The interest rate is fixed at 3.0% per annum, at a higher rate than the banks' deposit rate on the transaction date.