ข่าวแจ้งตลาดหลักทรัพย์

Date : 10/06/2003 13:21 SIRI : CLARIFY THE NEWS "SANSIRI VIOLATED SHARE LOCK-UP AGREEMENT" (Translation) Ref. No. SS. / 0416 / 2003 10 June 2003 Subject : Clarify the news that Sansiri had violated the terms and conditions of the share lock-up agreement To : President The Stock Exchange of Thailand With respect to the contents in the Manager Weekly newspaper dated 6 June 2003 stating that: - Sansiri had violated the terms and conditions of the share lock-up agreement (entered between the Company and Step Balance Co., Ltd), and; - Step Balance Co., Ltd had not complied with the share lock-up agreement (allowing Step Balance Co., Ltd. to sell Sansiri shares after the subscription date: up to 25% within the first year; another 25% within the second year; and another 50% in the third year) by over-selling Sansiri shares (totaling 76.8% of the lock up amount) in less than a year from the subscription date, the Company would like to inform you that both statements above are totally incorrect. The Company would like to clarify that none of the previous shares transfer by Step Balance Co., Ltd had violated the terms and conditions of the share lock-up agreement because all of the said share transfers were done outside the Stock Exchange of Thailand. The share lock-up agreement allows a share transfer outside SET, provided that the transferee must agree to be bound by the same terms and conditions as those binding Step Balance Co., Ltd). In this respect, the Company would like to further explain that the summary of the said terms and conditions of the share lock-up agreement was disclosed in the Opinion of Financial Advisor appointed by the Company to provide an opinion and a justification for the whitewash application (Form 247-7) of Step Balance Co., Ltd. The Company had already submitted the said Opinion to SEC and SET, and distributed to all shareholders of the Company together with the invitation letter for the extraordinary meeting of the shareholders # 1/2002 which was held to approve the issue and allotment of the said share to Step Balance Co., Ltd for their consideration. Please be informed accordingly. Yours sincerely, (Mr. Srettha Thavisin) President