SET Announcements

Ref. SS./ 0502 /2002 9 September 2002 Subject : Investment by setting up S.U.N. Management Co., Ltd. To : President The Stock Exchange of Thailand The Sansiri Public Company Limited's board of directors meeting # 7/2002 held on 9 September 2002 during 14.00 to 15.00 hours, has passed the following resolutions. 1. Name of the Company : S.U.N. Management Co., Ltd. 2. Type of Business : Real Estate Development and Project Management 3. Objective of the Investment : To be the Company's subsidiary, which will be focused on real estate business of the Company in the future 4. Registered Capital : 10 Million Baht Paid-up Capital : 10 Million Baht (1,000,000 ordinary shares with the par value of 10 Baht each) 5. The number of shares to be invested by the Company and the proportion: 1,000,000 ordinary shares (equals to 100% of the amount of registered capital of the Company) 6. Criteria in calculating the amount of compensation : Par value 7. The general characteristic : The entry into the transaction by the Company and its of the transaction size 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. 8. Names of the Directors : (1) Mr. Apichart Chutrakul (2) Mr. Srettha Thavisin (3) Mr. Wanchak Buranasiri 9. The Expected Return : Dividend Please be informed accordingly, Yours truly, (Mr. Srettha Thavisin) President