29 กรกฎาคม 2546
                                Roll-over loans to TVB 3 Network Co., Ltd. [TVB 3]
                                    July 28, 2003
To:     President
        Stock Exchange of Thailand
Re:     Roll-over loans to TVB 3 Network Co.,Ltd. [TVB 3]
        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 roll-over loans to TVB 3 of Baht 0.5 million which is due for
repayment on 28 July 2003, for another year at an interest rate of 2.25% 
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 subsidiaries which
the company's holding is not exceeding 90% of the paid-up capital of 
the subsidiaries.
Report date:  July 28, 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] 
   Relation:            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:    July 28, 2003
4. Amount of money:     Baht 0.5 million 
5. Characteristic of transaction:  The transaction is the roll-over of the
                                   existing loan for another year. The interest
                                   rate is fixed at 2.25% per annum, at a higher
                                   rate than the banks' deposit rate on the
                                   transaction date.
                                
                            