SET Announcements

(Translation) Ref. No. SS./ 2752 / 2007 9 July 2007 Subject : Notification of the approval of offering financial assistance to the subsidiary company To : President The Stock Exchange of Thailand The Board of Directors of Sansiri Public Company Limited ("SIRI) in its meeting # 5/2007 held on 9 July 2007 has passed a resolution to approve a connected transaction where Plus Property Co., Ltd. or Plus (a subsidiary in which SIRI holds 100 percent of its registered capital) offer financial assistance to a connected person as follows: 1. The parties involved - Lender : Plus Property Co., Ltd. ("Plus") - Borrower : Plus Property Space Co., Ltd. ("PPS") - Relationship with the listed company Borrower : (1) Plus is a subsidiary wholly own 100 percent of its registered capital by SIRI (2) PPS is a subsidiary own 51 percent of its registered capital by Plus (a company in which SIRI indirectly holds shares) 2. The general characteristic of the transaction : offer financial assistance to a connected person 3. Details of the transaction - Nature of financial assistance : Plus agrees to give a revolving term loan to PPS by jointly offering financial assistance based on the proportion of its interest therein (51 percent) under the ordinary business terms and condition. - Total value of the assistance : providing additional loan of 99.40 million baht (or equivalent to 51 percent of the additional amount of the Shareholders Loan of 194.90 million baht), from the existing approval of 30.60 million baht (or equivalent to 51 percent of the existing amount of the Shareholders Loan of 60 million baht), total value of the assistance are 130 million baht (or equivalent to 51 percent of the total Shareholders Loan of 254.90 million baht). - Rates of interest : At the Minimum Overdraft Rate (MOR) of the commercial banks registered in Thailand which is calculated and published by the Bank of Thailand as at the last working day of each calendar month ("the average MOR") per annum plus 2 percent. - Loan period : to be further agreed before making each drawdown. - Payment installments : The repayment schedule will be in accordance with the cash flow surplus from the operation. - Source of fund : working capital of Plus - Expected Return : Interest income - Loan Objective : For working capital of the projects developed by PPS - Other : In the event that the guarantee against PPS's liabilities is required by the financial institutions who provide credit facility to PPS, Plus agrees to, jointly with the other shareholders, guarantee PPS based on the proportion of its interest therein (51 percent) under the ordinary business terms and conditions. Please be informed accordingly. Yours sincerely, (Mr. Wanchak Buranasiri) Senior Executive Vice President