SET Announcements

(Translation) Ref. SS./ 0504 /2008 28 February 2008 Subject : The Explanation for the cause of the change in the Company's performance with respect of the year 2007 financial statement of the Company ending 31 December 2007. To : President The Stock Exchange of Thailand Referring to Sansiri Public Company Limited's the year 2007 financial statement of the Company ending 31 December 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. The last quarter's resulted in 491 million baht profit, a significant improvement at about 6 times over 77 million baht earnings of the same period in prior year. Total revenue expanded around 59% or 1,928 million baht from 3,258 million baht to 5,186 million baht. Major reasons came from a meaningful enhancement of realization on projects for sales at 1,713 million baht or by 56% coupled with net gain from selling investment at around 163 million baht. Also overall expenses increased in less percentage than revenue by 50% as well as 20% growth of net profit margin to 31% compared to last year period. 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. 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