SET Announcements

Ref. SS/0987/1998 August 31 , 1998 Director and Manager of The Stock Exchange of Thailand Re: Report the Resolutions of the Board of Directors Meeting # 8/1998 The Sansiri Public Company board of directors meeting (# 8/1998) held on August 28 , 1998, at 2.00 p.m. has passed the following resolutions: 1. THAT the Company will offer its new issue shares in the amount of 137,023 shares (One Hundred Thirty Seven Thousand and Twenty Three Shares) with the par value of Baht 10.- (Ten Baht) each to Modernform Group Public Company Limited , one of the 17 institution investors as specified in the SEC Announcement , at the price of Baht 10.- (Ten Baht) per share. The share subscription period of the said offer will commence from August 28 , 1998 to September 3 , 1998 during 8.00 - 17.00 hour each day , provided that if the total amount of the offering shares are subscribed on any day earlier than the last day of the said subscription period , such day will deemed to be the closing date of the subscription period. Thus the objective of this shares offering was to raise money from Modernform Group Public Company Limited to repay the outsatnding debt owe to it. Prior to this offering, Modernform Group Public Company Limited did not hold any shares in the company so that after the subscription of the said offering shares , Modernform Group Public Company Limited will hold 137,023 shares (One Hundred Thirty Seven Thousand and Twenty Three Shares) in the Company which equal to 0.20 % of the Company's paid up capital. Yours sincerely, .............................. Mr. Srettha Thavisin - Managing Director