SET Announcements

Ref. SS/0100/1999 March 5, 1999 Director and Manager of Stock Exchange of Thailand RE : Clarification of the Increase of capital of Sansiri Public Company Limited References : Letter of the Company Ref. SS/0094/1999 re: Report of the Resolutions of the Board of Directors # 3/1999 dated March 4, 1999. As Sansiri Public Company Limited has reported the Boards resolution # 3/1999 regarding the increase of its registered capital as details in Reference. And SET has asked for the additional details. On this issue, the Company would like to give additional report on the above issue as follows:- According to the shareholders resolution in the Extraordinary Shareholders meeting of the Company No. 1/1998 held on December 17, 1998 ("Resolution") which approved to increase the registered capital of the Company from Baht 697,375,060.- to Baht 3,312,991,260.- by issuing a new ordinary share in the amount of 261,561,620 shares. Thereafter, the Company had allotted and issued 250,000,000 shares to Merrill Lynch Phatra Securities Co.,Ltd. (a institutional investor in accordance with SEC) of which the Company had already registered the changing of its paid up capital (increase capital) with Commercial Registrar Ministry of Commerce on January 21, 1999. And SET has accepted such newly issued shares to be listed and traded in SET since January 29, 1999. Therefore, the number of authorized but unissue shares of the Company are 261,331,620 shares (Presently the registered capital of the Company are Baht 3,312,991,620- which already been paid up capital at Baht 699,875,060.-) and Whereas the Board of Director has passed the resolution on March 3, 1999 that it will decrease its registered capital from Baht 3,312,991,260.- to Baht 794,743,810.- by cancelling all the authorized but unissue shares in the number of 251,824,745 shares because the Company has to reserved certain number of shares authorized by the Shareholders' Resolution in number of 9,486,875 shares by divided into 2 portion as follows:- 1) the number of 6,000,000 shares to be allotted and issued to the investors as per detail in Reference. 2) the number of 3,486,875 shares to be reserved for the exercising of the warrant holder in accordance with the plan to issue warrant to newly issued ordinary shares to be privately to directors and employees of the Company which issued by the Shareholders' Resolution. Please be informed accordingly. Yours sincerely, (Mr. Srettha Thavisin) President Pre-elcid\set1999\let_cap-inE.doc