27 January 1998

OUTLAY OF FUNDS DATED DEC 31, 97

BEC World Plc reported on progress on utilisation of proceeds as follows: 1. improve broadcasting equipment = Bt400 m -1996 : Bt70.2 m -1997 : Bt122.7 m (totalling to Bt192.9 m) -this year : expectedly Bt150 m 2. purchase 350-metre-tall pole = Bt700 m As the company announced to sell location in IX Rama Rd for its office , this project had to be postponed. 3. repay for loans = Bt945 m 4. working capital = Bt740 m, including some remian from (1)-(3)