SET Announcements

(English Translation) Sansiri Public Company Limited announces acquisition of ordinary shares of Pacific Challenge Holding Co., Ltd. The Board of Directors Meeting of Sansiri Public Company Limited ("SIRI") # 5/2006 held on 29 June 2006 passed the resolution in approving SIRI to acquire 212,500 ordinary shares or equivalent to 85 percent of paid-up capital of Pacific Challenge Holding Co., Ltd. ("Pacific") from Mrs. Supaporn Chittmittrapap, a shareholder of Pacific. The transaction is categorized as Class 3 pursuant to the Notification of the Board of Governors of the Stock Exchange of Thailand regarding Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004, the details of which are as follow: 1. The date on which the transaction will occur SIRI shall acquire the ordinary shares of Pacific within 15 July 2006 2. The parties involved Buyer : Sansiri Public Company Limited Seller : Mrs. Supaporn Chittmittrapap Relationship with SIRI : - none - 3. The general characteristics of the transaction - Transaction class : The transaction is categorized as Class 3 pursuant to the Notification of the Board of Governors of the Stock Exchange of Thailand regarding Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004. - The basis used to : The value of consideration paid basis consider the volume - The volume of the transaction : The total value of the transaction is equivalent to 0.0001 percent of the total assets of SIRI and its subsidiaries. (Based on financial statements of Pacific as at 31 December 2005 which are adjusted to reflect the transaction occurring after the date specified in the financial statements until 30 June 2006 (forecasted) and the Consolidated financial statements of SIRI as at 31 March 2006). 4. The details of assets acquired Securities - Type of securities : Ordinary shares - Name of Issuer : Pacific Challenge Holding Co., Ltd. - Nature of business : investment in real estate for rent - Registered capital : 2,500,000 baht - Paid-up capital : 2,500,000 baht - Number of shares acquired : 212,500 shares - Purchasing price per share : 10 baht - Proportion of share holding by SIRI before acquisition : -none- - Proportion of share holding by SIRI after acquisition : 85 percent - Board of director of Pacific : Mrs. Supaporn Chittmittrapap - Major shareholders of Pacific Name percentage of shares held Mrs. Supaporn Chittmittrapap 99.99 percent 5. Objective of the acquisition : To be a subsidiary of SIRI, which will be focused on real estate business related to the Office for rent. 6. Basis used to determine the Consideration Value : Determined by Income Approach Method 7. The total value of consideration and the type of payment : - The total value of consideration : 2,125,000 baht - type of payment : wholly paid by cash within 15 July 2006 8. The source of funds : Working capital of SIRI 9. The return on investment : Dividend 10.Other : The entry into the transaction by the Company and the transaction size does not fall within any jurisdiction of the Notification of the Board of Governors of the Stock Exchange of Thailand regarding Disclosure of Information and Other Acts of Listed Companies Concerning the Connected Transaction, 2003. Verification of Information Directors of Sansiri Public Company Limited hereto certified the accuracy of information disclosed herein. ......................... (Mr. Wanchak Buranasiri) Director