SET Announcements

(English Translation) Ref. SS./ 0439 /2002 15 August 2002 Subject : Report an increase of paid-up capital of a subsidiary. To : President The Stock Exchange of Thailand Sansiri Public Company Limited would like to report an increase of paid-up capital of Absolute Business Co., Ltd., a subsidiary, as follows: 1. Payment date : 9 August 2002 2. Registration date : 14 August 2002 3. The company name : Absolute Business Co., Ltd. 4. The existing capital -Registered capital : 100,000 Baht by divided into 10,000 shares at the par value of 10 Baht -Paid up capital : 100,000 Baht by divided into 10,000 shares at the par value of 10 Baht After capital increase -Registered capital : 1,530,000 Baht by divided into 153,000 shares at the par value of 10 Baht -Paid up capital : 1,530,000 Baht by divided into 153,000 shares at the par value of 10 Baht 5. 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. 6. The objective of investment: To be used as additional working capital of Absolute Business Co., Ltd. 7. The benefit expected to be received : Profit from operation, dividend 8. The source of funds : The Company's working capital The Absolute Business Co., Ltd. has already registered the changing name of the company to "Sansiri Venture Co., Ltd." as well as registered the changing of its Board of directors to the executive officer of Sansiri Public Company Limited i.e. Mr. Apichart Chutrakul, Mr. Srettha Thavisin and Mr. Wanchak Buranasiri which effective from 14 August 2002 onwards. Please be informed accordingly. Yours sincerely, (Mr. Srettha Thavisin) President