12 May 2003

CHANGE OF SHAREHOLDER IN OUR SUBSIDIARY

Date : 12/05/2003 08:16 BEC : CHANGE OF SHAREHOLDER IN OUR SUBSIDIARY May 9, 2003 To: President Stock Exchange of Thailand Re: Change of shareholder in our subsidiary This is to inform that the minority shareholder of our subsidiary company, TVB 3 Network Co., Ltd. [TVB 3] has changed from TVB (Overseas) Ltd. [TVBO], to TVB Investment Ltd. [TVBI]. This is in line with the restructure within Television Broadcasting Ltd. [TVB] and both TVBO and TVBI are wholely owned subsidiaries of TVB. Please be informed accordingly. Sincerely Yours, (Chatchai Thiamtong) Vice President - Finance