SET Announcements

Sansiri Public Company Limited announces a connected transaction, concerning the providing of the financial assistance to, Sansiri Venture Co., Ltd., a subsidiary of the Company A board of directors meeting of Sansiri Public Company Limited ("the Company") # 8/2003 held on 14 August 2003, passed resolutions to provide the financial assistance to Sansiri Venture Co., Ltd., a subsidiary the shares of which are held by the Company. It is a transaction in the case of the granting of financial assistance in proportion to the interest which the Company has in that company, under normal or better commercial terms. The details are as follows: 1. The parties involved - Borrower : Sansiri Venture Co., Ltd. - Lender : Sansiri Public Company Limited 2. The general characteristics of the transaction : The providing of the financial assistance into the subsidiary. 3. Details of the transaction - Nature of financial assistance: The transaction in which the Company provides financial assistance in proportion to the interest which the Company has in it. The Company holding shares 51% in Sansiri Venture Co., Ltd., and there is no connected person is a shareholder. It is a connected transaction prescribed under Clause 9 (2) (a) of the Notification of the Stock Exchange of Thailand, Re : Rules and Procedures and Disclosure of Connected Transactions of Listed Companies. It is a transaction in which a Listed Company has an objective of, or which will result in, providing financial assistance to a subsidiary in which the listed company holds shares in an amount not exceeding 90% of the paid-up capital of that company and in which no connected person is a shareholder, and the financial assistance is provided under normal or better commercial terms. - Total value of the assistance : providing additional Loan of 94,350,000 Baht (or equivalent to 51% of the additional amount of the Shareholders Loan of 185,000,000 Baht), from the existing approval of 89,250,000 Baht (or equivalent to 51% of the existing amount of the Shareholders Loan of 175,000,000 Baht), total value of the assistance are 183,600,000 Baht (or equivalent to 51% of the total Shareholders Loan of 360,000,000 Baht). - Interest Rate : 15% per annum - Loan Period : around 25 months, to be drawdown in the installment as needed by Sansiri Venture Co., Ltd. - Loan Payment : Installation payment from the operation cash flow - Loan Objective : For working capital of the projects developed by Sansiri Venture Co., Ltd. - Source of Funds : Working capital and increased registered capital - Expected Return : Interest income Signature ......................................... Authorized director (Mr. Apichart Chutrakul) (Mr. Wanchak Buranasiri) Directors