28 January 2004

Registration of reduction of registered capital and paid up

(Translation) Ref. SS./ 0039 / 2004 27 January 2004 Subject : Report on the registration of reduction of the registered capital and the paid up capital (reduction of capital) To : President The Stock Exchange of Thailand Sansiri Public Company Limited has completed the registration of reduction of the registered capital from 7,713,624,276.90 Baht to 4,510,891,390 Baht by lowering the par value of each share, from 8.55 Baht to 5 Baht, as well as registered paid up capital (reduction of its capital) from 7,556,726,929.05 Baht to 4,419,138,555 Baht (total number of shares sold are 883,827,711 shares) with the Registrar of Public Company Division, Business Development Department, Ministry of Commerce on 27 January 2004. Please be informed accordingly. Yours sincerely, . (Mr. Apichart Chutrakul) Chief Executive Officer