SET Announcements

(Translation) Ref. SS./ 1408 /2007 14 May 2007 Subject : The Explanation for the cause of the change in the Company's performance with respect of the 1st quarter of 2007 financial statement of the Company ending 31 March 2007. To : President The Stock Exchange of Thailand Referring to Sansiri Public Company Limited's the 1st quarter of 2007 financial statement of the Company ending 31 March 2007, 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. Not only total 2007 revenue for the first quarter increased by 12% to 2,690 million baht compared to the same period of prior year, but also total expenses went up more by 16% reaching at 2,648 million baht. Three main spending have a great influence on. Increased marketing expenditure has well-supported on several million baht of unrecognized revenue under unsteady economic and politics. Secondly, home care outlay after sales grew up to successively satisfy patronage. Lastly, income taxes almost doubled owing to the original recognition method of revenue department on existing projects for sales. 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