REPORT THE RESULTS OF THE SHARE OFFERING

(F53-5) Page 1 of 4 Pages SANSIRI PUBLIC COMPANY LIMITED REPORTS THE RESULTS OF THE SHARE OFFERING 14 June 1999 Whereas the Company had already decreased the registered capital of the Company from Baht 3,312,991,260 (Three Thousand, Three Hundred and Twelve Million, Nine Hundred and Ninety One Thousand, Two Hundred and Sixty Baht) to Baht 794,743,810 (Seven Hundred and Ninety Four Million, Seven Hundred and Forty Three Thousand, Eight Hundred and Ten Baht); and Increased the registered capital of the Company from Baht 794,743,810 (Seven Hundred and Ninety Four Million, Seven Hundred and Forty Three Thousand, Eight Hundred and Ten Baht) to Baht 13,294,143,810 (Thirteen Thousand, Two Hundred and Ninety Four Million, One Hundred and Forty Three Thousand, Eight Hundred and Ten Baht) by issuing the new ordinary shares in the amount of 1,249,940,000 (One Thousand, Two Hundred and Forty Nine Million, Nine Hundred and Forty Thousand Shares) with the par value of Baht 10.- (Ten Baht) each , totaling Baht 12,499,400,000 (Twelve Thousand, Four Hundred and Ninety Nine Million, Four Hundred Thousand Baht) By approved to allot the new issued ordinary shares in the amount 8,000,000 (Eight Million) ordinary shares as the Private Placement to Starwood Thailand Corporation , one of the 17 institutional investors as specified in clause 2 of the Notification of the Securities Exchange Commission Re: Rules Conditions and Procedure for Applying for and Granting Permission to Offer Newly-Issued Shares for Sale, at the price of Baht 5 (Five Baht) per share (being less than par value of registered shares). The remaining new issued shares (after allotted to Starwood Thailand Corporation at the price of Baht 5 (Five Baht) as specified in the preceding paragraph) in the amount of 1,241,940,000 (One Thousand, Two Hundred and Forty One Million, Nine Hundred and Forty Thousand) shares will be issued and allotted as follows: (1) in the amount of 478,840,000 (Four Hundred and Seventy Eight Million, Eight Hundred and Forty Thousand) ordinary shares to be issue at no less than Baht 10.-(Ten Baht) by will be allotted wholly in one time or partly from time to time to the 17 type institutional investors and/or to the specific investors not more than 35 persons within each 12 month period in accordance with the clause 2 of the Securities Exchange Commission Re: Rules Conditions and Procedure for Applying for and Granting Permission to Offer Newly-Issued Shares for Sale, and (2) in the amount of 763,100,000 (Seven Hundred and Sixty Three Million, One Hundred Thousand) ordinary shares to be issue at no less than Baht 10.-(Ten Baht) by will be allotted wholly in one time or partly from time to time to the 17 type institutional investors and/or to the specific investors not more than 35 persons within each 12 month period in accordance with the clause 2 of the Securities Exchange Commission Re: Rules Conditions and Procedure for Applying for and Granting Permission to Offer Newly-Issued Shares for Sale, and (Mr. Apichart Chutrakul) (Mr. Wanchak Buranasiri) Directors (F53-5) Page 2 of 4 Pages SANSIRI PUBLIC COMPANY LIMITED REPORTS THE RESULTS OF THE SHARE OFFERING 14 June 1999 (3) that the Board of Directors be authorized to determine the details of the allotments including, the identity of the subscriber, the terms, conditions, date, time, procedures or other details relating to the offer of those shares, as appropriate, and This time the Company had made the share offering in the amount of 98,786,000 (Ninety Eight Million, Seven Hundred Eighty Six Thousand) the detail of which are as follows: (1) in the amount of 23,077,200 (Twenty Three Million, Seventy Seven Thousand and Two Hundred) shares at the price of Baht 10.- (Ten); and (2) in the amount of 75,708,800 (Seventy Five Million, Seven Hundred Eight Thousand, Eight Hundred) shares at the price of Baht 5.- (Five) Therefore, leaving the number of shares to be further offered in the amount of 1,119,800,154 (One Thousand, One Hundred Nineteen Million, Eight Hundred Thousand, One Hundred and Fifty Four) shares. The Company , then , report the results of the said offering to Stock Exchange of Thailand, as follows: 1. Information relating to the share offering - Class of shares offered : Ordinary shares - Number of shares offered (Total) : 98,786,000 shares - Offered to : The 17 institutional investors as specified in the SEC Announcement, the details of which are described as below: - Price per share : Baht 5.- and Baht 10.- - Subscription and payment period : commence from 8 June 1999 to 14 June 1999 during 8.00 - 17.00 hour each day at the Company's office. (Mr. Apichart Chutrakul) (Mr. Wanchak Buranasiri) Directors (F53-5) Page 3 of 4 Pages SANSIRI PUBLIC COMPANY LIMITED REPORTS THE RESULTS OF THE SHARE OFFERING 14 June 1999 No. Subscribers Nationality Share Amount Share Amount Total (@ 5 Bt/Shares) (@ 10 Bt/Shares) Shares 1 Parkmix Limited-JFS House/Clearing A/C British 30,240,000 11,710,000 41,950,000 2 Albouys Nominees Ltd. British 12,678,800 3,169,700 15,848,500 3 Coventry Management International Limited BVI 2,201,200 550,300 2,751,500 4 Private Fund c/o One Asset Management Limited Thai 3,760,000 940,000 4,700,000 5 One Multiple Growth Fund Thai 205,680 51,420 257,100 6 One High Yield Fund Thai 292,160 73,040 365,200 7 One Wealth Builder Fund Thai 308,160 77,040 385,200 8 One Progressive Fund Thai 93,680 23,420 117,100 9 One UB Fund Thai 216,800 54,200 271,000 10 One UB2 Fund Thai 230,080 57,520 287,600 11 One UB3 Fund Thai 464,160 116,040 580,200 12 One UB4 Fund Thai 459,680 114,920 574,600 13 Nithipat Progressive Fund Thai 310,240 77,560 387,800 14 One Plus One Fund Thai 705,120 176,280 881,400 15 One-Fas Prosperity Fund Thai 246,240 61,560 307,800 16 One Prime Fund Thai 346,880 86,720 433,600 17 Thana One Fund Thai 572,160 143,040 715,200 18 One Fundamental Fund Thai 81,120 20,280 101,400 19 One UB5 Fund Thai 253,440 63,360 316,800 20 One Prosperous Fund Thai 123,760 30,940 154,700 21 One UB Growth Fund Thai 56,320 14,080 70,400 22 Siam Select Fund Thai 954,320 238,580 1,192,900 23 Private Fund c/o Jardine Fleming Thai 3,548,800 887,200 4,436,000 Thanakom Securities Limited 24 Private Fund c/o Bangkok Bank Public Thai 800,000 200,000 1,000,000 Company Limited 25 Jardine Fleming Thanakom Securities Limited Thai 16,000,000 4,000,000 20,000,000 26 AJF Star Capital Fund Thai 560,000 140,000 700,000 Total 75,708,800 23,077,200 98,786,000 (Mr. Apichart Chutrakul) (Mr. Wanchak Buranasiri) Directors (F53-5) Page 4 of 4 Pages SANSIRI PUBLIC COMPANY LIMITED REPORTS THE RESULTS OF THE SHARE OFFERING 14 June 1999 2. Results of the share sale ( / ) totally sold (__) partly sold, with ______-No-______ shares remaining The Company will deal with the remaining shares as follows:- ____________________________-No-_________________________________ 3. Details of sale Thai investors Foreign investors Total Juristic Natural Juristic Natural persons persons persons persons - Number of persons 23 __-___ 3 __-___ 26 - Number of shares subscribed 38,236,000 __-___ 60,550,000 __-___ 98,786,000 - Percentage of total shares offered for sale (in this time) 38.71 __-___ 61.29 ___-__ 100 4. Amount of money received from the share sale Total amount : Baht 609,316,000.- (Six Hundred Nine Million, Three Hundred Sixteen Thousand Baht) Less expenses : -None- Net amount received : Baht 609,316,000.- (Six Hundred Nine Million, Three Hundred Sixteen Thousand Baht) Signature ________________________________________ Authorized director (Mr. Apichart Chutrakul) Position Director Signature ________________________________________ Authorized director (Mr. Wanchak Buranasiri) Position Director

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