SET Announcements

(English Translation) Ref. SS./ 0635 /2002 31 October 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 Sansiri Property Plus Limited ("SPPL"), a subsidiary, as follows: 1. Payment date : 28 October 2002 2. The company name : Sansiri Property Plus Limited 3. The existing capital -Registered capital : 32 million Baht by divided into 3,200,000 shares at the par value of 10 Baht -Paid up capital : 32 million Baht by divided into 3,200,000 shares at the par value of 10 Baht After capital increase -Registered capital : 102 million Baht by divided into 10,200,000 shares at the par value of 10 Baht -Paid up capital : 102 million Baht by divided into 10,200,000 shares at the par value of 10 Baht 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 investment: To be used as additional working capital of SPPL 6. The benefit expected to be received : Profit from operation, dividend 7. The source of funds : The Company's working capital Please be informed accordingly. Yours sincerely, (Mr. Srettha Thavisin) President