SET Announcements

(Translation) Ref. SS./ 0001 /2003 3 January 2003 Subject : Investment by setting up Siri Phuket Limited To : President The Stock Exchange of Thailand Refer to Section 57 of the Securities and Exchange Act B.E. 2535 and the Regulation of the Stock Exchange of Thailand Re: Rules, Conditions and Procedures Governing the Disclosure of Information or and any Act of a Listed Company. Sansiri Public Company Limited would like to report the information concerning the investment by setting up the subsidiary company as follows: 1. Name of the Company : Siri Phuket Limited 2. Type of Business : Real Estate Development 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 : 1 Million Baht Paid-up Capital : 1 Million Baht (100,000 ordinary shares with the par value of 10 Baht each) 5. The number of shares to be invested by the Company and the proportion: 100,000 ordinary shares (equals to 100% of the amount of registered capital) 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