EN TH
14 พฤษภาคม 2542

EXPLANATION ON THE DIFFERENCE FROM THE SAME PERIOD LAST YEAR

May 13, 1999 To : President Stock Exchange of Thailand Re : Submission of financial statements for the 1st quarter of 1999 and explanation on the difference over 20 per cent from the same period last year. Enclosures : Financial statements for the 1st quarter of 1999. We are sending you herewith the enclosed financial statement of the Company and the consolidated statement of the group for the 1st quarter of 1999 ended 31st March, 1999. The operating result of the group for this 1st quarter of 1999 is a profit of Baht240 million. Even our overall sales revenues increased slightly over those of the same period last year but as the interest income was lower than that of the same period last year over 54 percent because of the big drop of interest rate in the market, thus the net profit declined from that of the same period last year over 20 per cent. The afore-mentioned reasons apply for both the result of the Company as well as the consolidated result of the group. Please be informed accordingly. Sincerely Yours, (Chatchai Thiamtong) Vice President - Finance