ข่าวแจ้งตลาดหลักทรัพย์

Capital Increase Report Form Sansiri Public Company Limited 7 June 1999 We Sansiri Public Company Limited hereby report the resolution at the Board of Directors Meeting No. 6/1999 held on 7 June 1999 during 2.00 pm. to 3.30 pm. in respect of a capital increase/share allotment as follows:- 1. Capital increase: The Annual General Shareholders Meeting No. 4/1999 of Sansiri Public Company Limited held on 9 April 1999 has approved to decrease of the registered capital of the Company from Baht 3,312,991,260.- to Baht 794,743,810.- and Increase of the registered capital of the Company from Baht 794,743,810.- to Baht 13,294,143,810.- by issuing 1,249,940,000 new shares with a par value of Baht 10.- each, totalling Baht 12,499,400,000.- by means of the issuance of the following shares. (a) 478,840,000 ordinary shares, to be issued at par value of Baht 10.- (b) 771,100,000 ordinary shares to be at issued Baht 5.- (being less than par) with a fixed discount of Baht 5.- per share. 2. Allotment of new shares: The Board of Directors Meeting No. 6/1999 has approved the allocation of the newly issued ordinary shares in the amount of 98,786,000 Shares with a par value of Baht 10.- each, the details of which are as follows: 2.1 Detail of allotment Allocated to Number of Ratio Selling Share Remark Shares (units) (old:new) price subscription (Baht/Share) and payment date The 17 institutional 75,708,800 - 5.- From 8 June 1999 to 10 investors as specified in the 23,077,200 - 10.- June 1999 during Notification of the Securities 8.00 - 17.00 hours each Exchange Commission day,provided that if the Re: Rules Conditions and total amount of the offering Procedure for the Applying shares are subscribed on for and Granting Permission any day earlier than the last to Offer Newly- Issued day of the said subscription Shares for Sale. period, such day will deemed to be the closing date of the subscription period. (Mr. Srettha Thavisin)(Mr. Wanchak Buranasiri) Directors Capital Increase Report Form Sansiri Public Company Limited 7 June 1999 -2- 2.2 The Company's plan where there is a fraction of shares remaining This allotment has not a fraction of shares remaining. 2.3 The number of shares remaining from the allotment (The number of shares to be further offered) is 1,119,800,154 shares 3. Approval of the capital increase/share allotment by relevant governmental agency and conditions thereto (if any) - To register the Paid-up capital (Capital Increase) of the Company with the Department of Commercial Registration, Ministry of Commerce. 4. Objective of the capital increase and plans for utilizing proceeds received from the capital increase - To raise money from the said shares offering in the amount of Baht 609,316,000.- to spend as follows: 4.1 in the amount of Baht 200,000,000.- to invest in Starwood Thailand Property Fund 1 who has acquired Core Asset from Financial Sector Restructuring Authority (FRA). 4.2 in the amount of Baht 359,316,000.- to invest in future project. 4.3 in the amount of Baht 50,000,000 to invest for the upgrading of Information Technology system of the Company. 5. Benefits which the Company will receive from the capital increase/share allotment: - To create investor confidence and strengthen the company's foundation by having institutional investors as shareholders. Furthermore, to generate revenue from new investment in and project management services rendered to real estate projects and other related projects. (Mr. Srettha Thavisin)(Mr. Wanchak Buranasiri) Directors Capital Increase Report Form Sansiri Public Company Limited 7 June 1999 -3- 6. Benefits which the shareholders will receive from the capital increase/share allotment 6.1 The dividend policy : Unless otherwise required, the policy of the Board of Directors is to recommend that the Shareholders meetings resolve to distribute dividends to every shareholder each and every year. The percentage expected to be appropriated as a dividend will not be less than 50% of the net profit after tax. 6.2 Subject to legal requirements and other obligations of the Company the subscribers of the shares allotted this time will be entitled to any dividend paid from the 1999 performance or the subscription year. Signed .................................. director (Mr. Srettha Thavisin) Signed ................................... director (Mr.Wanchak Buranasiri)