ข่าวแจ้งตลาดหลักทรัพย์

(Translation) Ref. No. SS./ 1411 / 2007 14 May 2007 Subject : Notification of the investment by setting up a subsidiary (a company in which Sansiri indirectly holds shares). To : President The Stock Exchange of Thailand The Board of Directors' meeting no. 3/2007 of Sansiri Public Company Limited ("Sansiri") held on 11 May 2007 has passed the resolution that Plus, a 100% owned subsidiary of Sansiri, to invest by setting up a subsidiary company which Plus holds shares in the proportion of 51% of its registered capital (a company in which Sansiri indirectly holds shares). Therefore, Sansiri would like to report the information to the SET concerning the investment by setting up the said subsidiary, the details of which are as follows: 1. Name of the Company : Plus Property Space Co., Ltd. 2. Type of Business : Real Estate Development 3. Objective of the investment : To be Plus's subsidiary, which will invest in the real estate development projects which will be further agreed with the investors. 4. Registered Capital : 10 million baht by divided into 1 million ordinary shares at the par value of 10 baht Paid-up Capital : 10 million baht 5. The number of shares to be invested by Plus and the proportion : 510,000 ordinary shares, equivalent to 51% of the registered capital of Plus Property Space Co., Ltd. 6. The shareholding structure : Name of the shareholders Proportion of shareholding (1) Plus Property Co.,Ltd. 51 % (2) Space Development Co.,Ltd 49 % Total 100 % Space is a company in which J&W Development Co., Ltd.directly holds shares in the proportion of 51% of its registered capital, and J&W holds shares in Plus Property Venture Co., Ltd. ("PPV", a subsidiary of Plus) equivalent to 20%. However, J&W is not a connected person of Sansiri and Plus. 7. Board of Directors of Plus Property Space Co., Ltd. : (1) Mr. Mayta Chanchamcharat (2) Mr. Piyabutr Lertdumrikarn (3) Mrs. Chitraporn Tangsuwan (4) Mr. Somchai Sirivichayakul 8. Criteria in calculating the amount of compensation : Par value 9. The total value of the Consideration : Investment at the par value of the new company, which is the fair and reasonable price 10. The sources of funds : Plus's Working Capital 11. The return on investment : Dividend 12. Other : At the same time, Plus agrees to give a revolving term loan in the amount of 30.60 million baht which equal to 51% of the totaling loan (Shareholders Loan) of 60 million baht, with an interest at the average Minimum Lending Rate (MLR) of the commercial banks registered in Thailand according to the data of the interest lending rates as at the last working day of every calendar month which will be calculated and published by the Bank of Thailand ("the average MLR") per annum. The loan will be repaid in full within 3 years from the drawdown date. The repayment schedule will be in accordance with the cash flow surplus from the operation. 13. The general characteristics of the transaction : (1) The entry into the transaction by Plus (the investment of setting up a subsidiary) and its transaction size are not fell within any jurisdiction of the notification of the SET Re: Rule, Procedures and Disclosure of Connected Transaction of Listed Companies and Re: Rule, Procedures and Disclosure of Information Concerning the Acquisition and Disposition of Asset of Listed Companies. (2) The entry into the transaction by Plus (give a revolving term loan) is a transaction where Plus offer financial assistance to Plus Property Space Co., Ltd. in proportion of 51% based on the ratio it has an interest therein according to business conditions in general within the notification of the SET Re: Rule, Procedures and Disclosure of Connected Transaction of Listed Companies. Please be informed accordingly. Yours sincerely, (Mr. Wanchak Buranasiri) Senior Executive Vice President