SET Announcements

Ref. No. SS./ 2975 / 2004 21 October 2004 Subject : To Inform the Expiration of the Exercise Period of warrants issued and offered under the ESOP # 2 Plan (only Lot 1) of Sansiri Public Company Limited To : The President The Stock Exchange of Thailand As Sansiri Public Company Limited ("the Company") has issued and allotted the Common Share-Purchase Warrants pursuant to the Plan to Privately Issue and Offer the Common Share- Purchase Warrants to the Directors and Employees # 2 ("the ESOP # 2 Plan"), totaling 8,553,400 units, which stipulated the exercising period on the end working day of every month between 9.00 a.m. to 4.00 p.m. at the exercise ratio (after adjustment of the warrant) of 1 unit per 1.30901 shares at the exercising price of 5 baht per share. The allotment has been made in three lots as follows; (a) Lot 1, in the number of 7,339,400 units Expiration date : 17 October 2004 ("Lot 1") (b) Lot 2, in the number of 1,104,000 units Expiration date : 20 February 2006 ("Lot 2") (c) Lot 3, in the number of 110,000 units Expiration date : 14 March 2007 ("Lot 3") Furthermore, after the latest exercising date on 30 September 2004 up until 17 October 2004 there are total balance of warrants issued and allotted under the ESOP # 2 Plan in aggregate of all allotments which remaining unexercised in the number of 764,404 units and total balance of shares reserved for the exercising right of the said warrants in the number of 1,000,611 shares. In this regard, the Company would like to inform that now, the exercising period of warrants issued and offered under the ESOP # 2 Plan (only Lot 1) is expired since 17 October 2004, but there were no warrant holders exercised at this last exercising period. Therefore, the warrants being unexercised under the ESOP # 2 Plan (only Lot 1), totaling 391,106 units and the shares reserved for the exercising right of warrant, totaling 511,961 shares would be canceled on the said expiration date. The Board of Directors will propose to decrease of the registered capital of the Company by canceling the said shares for the shareholder's approval in the next shareholders' meeting of the Company. Therefore, at present, the Company has total balance of the warrants issued and allotted under the ESOP # 2 Plan in aggregate of all allotments (lot 2 and lot 3) which remaining unexercised in the number of 373,298 units and total balance shares reserved for the exercising right of the said warrant which issued and offer in the number of 488,650 shares. Please be kindly informed accordingly. Sincerely yours, (Mr. Wanchak Buranasiri) Executive Vice President