SET Announcements

May 26, 2003 To: President Stock Exchange of Thailand Re: Roll-over loans to BEC - TERO Entertainment Plc. [BEC-TERO] As we reported the short-term loans granted by the company to BEC - TERO Entertainment Plc. [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 of Baht 12.5 million which is due for repayment on 26 May 2003 respectively, for 6 months at an interest rate of 2.75% 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 26, 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 Plc.(borrower) [BEC-TERO] Related: 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: May 26,2003 4.Amount of money: Baht 12.5 million 5.Characteristic of transaction: The transaction is the roll-over of an existing loan for 6 months. The interest rate is fixed at 2.75% per annum, at a higher rate than the banks' deposit rate on the transaction date.