SET Announcements

(Translation) Ref. SS./ 0592 /2007 27 February 2007 Subject : The Explanation for the cause of the change in the Company's performance with respect of year 2006 financial statement of the Company ending 31 December 2006. To : President The Stock Exchange of Thailand Referring to Sansiri Public Company Limited's year 2006 financial statement ending 31 December 2006, it has reported a profit which varied more than 20%, compared to the previous year. With this regard, the Company would like to explain as the following. Total revenue value of the 4th quarter conjugated around 7% to 3,258 million baht meanwhile capability of gross profit margin further being the same. However, selling and administration expenses to revenue climbed up compared to prior year's. Such continuous effort of pushing sale increase under uncertainty of economy fluctuation has been very prospering with commercial transaction at about 1.8 times of previous year's. This would be the principal factor that has resulted in more than 20% variance of the profit of the Company and its subsidiaries when compared to the previous year. Therefore, we inform you respectfully. Yours sincerely, ........................ (Mr. Wanchak Buranasiri) Director ........................ (Mr. Thalin Aeimtitiwat) Director