SET Announcements

June 22, 2000 To : President The Stock Exchange of Thailand Re : Report on Resolution of the Board of Directors Meeting No. 6/2000. According to the Board of Directors Meeting No. 6/2000 held on June 22, 2000 at 10.30 am, passed the following resolution concerning the disposal of investment in Bannsiam Co., Ltd., details are as follows: The party involved : Buyer - Krittiya Law Office Relationship with the company : No Relationship The details of asset disposed of Company name : Bannsiam Co.,Ltd Type of business : Property Development Number of shares disposed of : 1,019,994 shares Liabilities arisen from investment : (337.98) million Baht (as of March 31,2000) Selling Price : 0.20 million Baht The General Characteristic of the Transaction This transaction is not classified as transaction under the Notification of the Stock Exchange of Thailand Re: Rules, Procedures and Disclosure of Information concerning the Acquisition and Disposition of Assets and is not connected transactions. Benefit to the company Since Bannsiam Co.,Ltd has loss from its operations, after the disposition of investment the company can cease the realization of the said loss. The Companys net profit and shareholders equity will be improved. Sincerely, Sitti Leelakasamelerk Director