SET Announcements

(Translation) Ref. SS./ 0426 /2001 28 December 2001 Subject : Disposal of investment To : President The Stock Exchange of Thailand Refer to Section 57 of the Securities and Exchange Act B.E. 2535 as well as Clause 3 (9) of the Regulations of the Stock Exchange of Thailand Re: Rules, Conditions and Procedures Governing the Disclosure of Information or any Act of a Listed Company The Company would like to report the information concerning the Disposition of Assets of the Company as follows: Prakarn Limited 1. Transaction Date : 28 December 2001 2. The parties involved Seller : Ms. Uthumporn Sungpetch Buyer : Sansiri Public Company Limited Relationship with the Company : -none- 3. The details of securities disposed of - Type of securities : Ordinary share - The company name : Prakarn Limited - The nature of its business : Real Estate Development - Registered capital : 125,000 baht - Paid-up capital : 125,000 baht - Number of shares disposed of : 1,000 shares - Selling price per share : 125 baht - Proportion of shares holding before: 100% - Proportion of shares holding after : -0- 4. The total value of the transaction and the condition of payment : 125,000 baht and the payment of the purchasing would made on the transaction date 5. The basis used to determine the value of consideration : Par value 6. The reason for the disposal of the shares : Prakarn Limited, one of the company's subsidiary have no business operation 7. The proposed utilization of the proceeds received : For working capital 8. The general characteristics of the transaction : The entry into the transaction by the Company and the transaction size are not fell within any jurisdiction of the notification of the SET Re: Rule, Procedures and Disclosure of Information Concerning the Acquisition and Disposition of Asset of Listed Companies /Sanpinyo.. -2- Sanpinyo Limited 1. Transaction Date : 28 December 2001 2. The parties involved Seller : Ms. Uthumporn Sungpetch Buyer : Sansiri Public Company Limited Relationship with the Company : -none- 3. The details of securities disposed of - Type of securities : Ordinary share - The company name : Sanpinyo Limited - The nature of its business : Real Estate Development - Registered capital : 2,750,000 baht - Paid-up capital : 2,750,000 baht - Number of shares disposed of : 110,000 shares - Selling price per share : 25 baht - Proportion of shares holding before: 100% - Proportion of shares holding after : -0- 4. The total value of the transaction and the condition of payment : 2,750,000 baht and the payment of the purchasing would made on the transaction date 5. The basis used to determine the value of consideration : Par value 6. The reason for the disposal of the shares : Sanpinyo Limited, one of the company's subsidiary have no business operation 7. The proposed utilization of the proceeds received : For working capital 8. The general characteristics of the transaction : The entry into the transaction by the Company and the transaction size are not fell within any jurisdiction of the notification of the SET Re: Rule, Procedures and Disclosure of Information Concerning the Acquisition and Disposition of Asset of Listed Companies Please be informed accordingly. Yours sincerely, (Mr. Srettha Thavisin) President