SET Announcements

(Translation) Ref. SS./ 0354 /2002 12 July 2002 Subject: Additional report to summarize the Plan to Privately Issue and Offer Warrants (ESOP#4) To: President The Stock Exchange of Thailand Reference: Letter of the Company Ref. SS./ 0328 /2002 dated 4 July 2002 As Sansiri Public Company Limited has reported the summary of the Plan to Privately Issue and Offer the Ordinary Share-Purchase Warrants to Directors and Employees of the Company (ESOP#4) and informed that it will disclose the name of all directors who will be entitled to purchase the warrants and the name of employees who will be entitled to purchase more than 5% of the total warrants issued under the ESOP#4 as well as the number of warrants to be issued to each of them, including the summary of opinion of the board of director and compensation committee to the SET so as to disclose to general public, as per details in the Reference. In this regard, the Company would like to inform the additional report concerning the ESOP# 4 as discussed above as follows: 1. The names of the directors being entitled to purchase warrants under this plan and the number of warrants to be issued to each of them No. Names Number of warrants Percentage of total warrants issued 1 Mr. Kovit Poshyananda 1,000,000 3.41 2 Mr. Chittin Sibunruang 800,000 2.73 3 Mr. Vasant Chatikavanij 800,000 2.73 4 Mr. Visarl Chowchuvech 800,000 2.73 5 Ms. Chittra Srisakorn 800,000 2.73 6 Mr. Apichart Chutrakul* 3,000,000 10.22 7 Mr. Srettha Thavisin* 3,000,000 10.22 8 Mr. Wanchak Buranasiri* 3,000,000 10.22 9 Mr. Thalin Aeimtitiwat* 1,500,000 5.11 Total 14,700,000 50.09 2. The names of the employees being entitled to purchase warrants more than 5% of the total warrants issued under this plan and the number of warrants to be issued to each of them * Mr. Apichart Chutrakul, Mr. Srettha Thavisin, Mr. Wanchak Buranasiri and Mr. Thalin Aeimtitiwat are the employees and also the directors of the Company, being entitled to purchase the warrants as per details on the clause 1 above-mentioned. Mr. Kovit Poshyananda, Mr. Visarl Chowchuvech and Ms. Chittra Srisakorn were appointed as the compensation committee by the board of directors meeting # 3/2002 held on 3 July 2002, the authorities of them are as follows: -2- (1) Set the names of directors and employees to be entitled to purchase warrants more than 5% of the total warrants issued under the plan ESOP#4. (2) Set the number of warrants to be offered to each of director and employee who will be entitled to purchase more than 5% of the total warrants issued under the plan ESOP#4. (3) To give the commentary concerning the reasonableness, necessity and the benefit with respect to the issue and allotment of the warrants more than 5% of the total warrants issued under the plan ESOP#4 to such directors and employees. 3. Summary of the commentary concerning the reasonable, necessity and the benefit which the Company would be received from the allotment of warrant more than 5% of the total warrants issued under the plan ESOP#4 Mr. Apichart Chutrakul, Mr. Srettha Thavisin, Mr. Wanchak Buranasiri and Mr. Thalin Aeimtitiwat, who are the executive officer and also being the directors of the Company. They are top executives and their contribution are quite important to the Company. The purposes of the allotment of the warrant above-mentioned would be to compensate, create confidence and stimulate the best performance of their participate for the progress of the Company in the long term. The compensation committee has approved the allotment of the warrant to the said employees (directors) based on the said purposes. Please be informed accordingly. Sincerely yours, (Mr. Srettha Thavisin) President