SET Announcements

(Translation) Ref. no. SS./ 1056 / 2003 17 December 2003 Subject : Changing in the shareholding structure by increase the proportion of shareholding in a subsidiary. To : The 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 changing in the shareholding structure by increasing the proportion of shareholding in Plus Property Partners Co., Ltd., a subsidiary as follows: 1. Transaction Date During 1 December 2003 to 17 December 2003 (Offering to buy shares period) 2. The parties involved Buyer : Sansiri Public Company Limited Seller : (1) Univentures Asset Management Co., Ltd. (2) Shining Route (Thailand) Co., Ltd. (3) Mr. Surakiat Wongwasin (4) Cathay Asset Management Co., Ltd. (5) Mr. Janewit Kraprayoon (6) Mr. Kriengsak Thiannukul (7) Mr. Petch Wanglee (8) Mr. Ekarit Boonpiti (9) Mrs. Pichittra Pathomsak (10) Mr. Supanich Jaiyawat (11) Mr. Pojchana Wichittranont (12) Mr. Sakda Sanrak (13) Mr. Thirayutt Supapanpinyo (14) Mr. Chana Asdathon (15) Mr. Promsek Yen-u-ra (16) Mrs. Jeerapa Sankingthong (17) Mr. Piradej Noptheepkangwal (18) Ms. Warissara Puengthonglor (19) Ms. Daowipa Setakasikorn (20) Mr. Bhasakorn Cheusuay (21) Ms. U-sa Prapairat (22) Mrs. Chidarat Wangchingchai (23) Ms. Anuradee Jaroensook (24) Mr. Suraphan Phatanapitoon Relationship with the listed company : The Sellers did not have any relationship with the Company and also are not the persons having the power or influence in the management in the Company. In this case, only Cathay Asset Management Co., Ltd. is a associated company of the Company, which the Company holds shares in the aggregate of 20 % of its total voting shares, and there are no other Connected Persons of the Company holding shares in it. 3. The general characteristics of the transaction 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. 4. The details of the shares acquired - The company name : Plus Property Partners Co., Ltd. - The nature of its business : Property Management - Registered capital : 168,640,000 Baht - Paid-up capital : 168,640,000 Baht - Number of shares acquired : 5,864,000 shares - Purchasing price per share : 11.50 Baht - Proportion of shares holding before: 60.48 % - Proportion of shares holding after : 95.26 % - Board of directors : (1) Mr. Apichart Chutrakul (2) Mr. Srettha Thavisin (3) Mr. Wanchak Buranasiri (4) Mr. Thalin Aeimtitiwat (5) Mr. Nopporn Boonthanom (6) Mr. Yongyutt Chaipromprasith 5. The value of the shares purchased : 67,436,000 Baht 6. The basis used to determine the value of the consideration : Book value 7. The benefit expected to be received : profit, dividend 8. The sources of funds : working capital Please be informed accordingly. Yours sincerely, (Mr. Srettha Thavisin) President