SET Announcements

(English Translation) Ref. SS./ 0163 /2001 26 June 2001 Subject : Report the reductions of capital of the subsidiaries. To : President The Stock Exchange of Thailand Sansiri Public Company Limited would like to report the reductions of capital of Prakarn Limited and Sanpinyo Limited, the subsidiaries, as follows: Prakarn Limited 1. Registration date : 26 June 2001 2. The company name : Prakarn Limited 3. The existing capital -Registered capital : 1 million baht by divided into 1,000 shares at the par value of 1,000 baht -Paid up capital : 1 million baht by divided into 1,000 shares at the par value of 1,000 baht After capital reduced -Registered capital : 250,000 baht by divided into 1,000 shares at the par value of 250 baht -Paid up capital : 250,000 baht by divided into 1,000 shares at the par value of 250 baht (reduced the amount of its registered capital of 750,000 baht by lowering the par value of each share) 4. The general characteristics : The entry into the transaction by the Company and the size of the transaction are not fell within any jurisdiction of the notification of the SET Re: Rule, Procedures and Disclosure of Connected Transaction of Listed Companies and Re: Rule, Procedures and Disclosure of Information Concerning the Acquisition and Disposition of Asset of Listed Companies. 5. The objective of a reduction : The economic slow-down which makes it inappropriate for any new investments. And considering the Company's business and investment at present, the amount of the current working capital are too high. Therefore, it is appropriate to reduce the company's capital and return the reduced amount to the shareholders. /Sanpinyo ... -2- Sanpinyo Limited 1. Registration date : 26 June 2001 2. The company name : Sanpinyo Limited 3. The existing capital -Registered capital : 11 million baht by divided into 110,000 shares at the par value of 100 baht -Paid up capital : 11 million baht by divided into 110,000 shares at the par value of 100 baht After capital reduced -Registered capital : 2,750,000 baht by divided into 110,000 shares at the par value of 25 baht -Paid up capital : 2,750,000 baht by divided into 110,000 shares at the par value of 25 baht (reduced the amount of its registered capital of 8,250,000 baht by lowering the par value of each share) 4. The general characteristics : The entry into the transaction by the Company and the size of the transaction are not fell within any jurisdiction of the notification of the SET Re: Rule, Procedures and Disclosure of Connected Transaction of Listed Companies and Re: Rule, Procedures and Disclosure of Information Concerning the Acquisition and Disposition of Asset of Listed Companies. 5. The objective of a reduction : The economic slow-down which makes it inappropriate for any new investments. And considering the Company's business and investment at present, the amount of the current working capital are too high. Therefore, it is appropriate to reduce the company's capital and return the reduced amount to the shareholders. Please be informed accordingly. Yours sincerely, (Mr. Srettha Thavisin) President