11 สิงหาคม 2549

Operating Results (Quarter 2/2006)

(Translation) Ref. SS./ 1442 / 2006 11 August 2006 Subject : The Explanation for the cause of the change in the Company's performance with respect of the 2nd quarter of 2006 financial statement of the Company ending 30 June 2006. To : President The Stock Exchange of Thailand Referring to Sansiri Public Company Limited's 2nd quarter of 2006 financial statement of the Company ending 30 June 2006, it has reported a profit which varied more than 20%, compared to the previous year. With this regard, the Company would like to explain two main reasons. Under economic situation affected by continuous increase of both lending interest rate and oil price as well as fierce competition, significant sales volume expansion could be accelerated by a huge growing of selling and administration expenses which increased two times over prior year period's, at the mean time, normal revenue has been improved to recognize at only 1.5 times of year's before. Secondly, last year profit for the same period significantly acquired from selling shares of hotel subsidiary making net gain of 340 million baht, therefore 118 million baht's left for normal net profit. Those 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. Apichart Chutrakul) Director ........................ (Mr. Wanchak Buranasiri) Director