NOTIFIES DEBENTURE OFFERING RESULT

Singer Thailand Plc. (SINGER) announced the offering result of its 500,000 units of unsecured debentures without trustees in the 2nd tranche, due in 2000. This offering have previously been approved at the 29th shareholders' meeting of SINGER, held on October 25, 1996. The debentures have a face value of Bt1,000 apiece, Bt500 million totally. The offering has already been carried out between May 6 and 7, 1997, so the company summarized the offering result as follows: Report on Debenture Offering Result 1. Information about the debentures offered: Offerer: SINGER Debenture Name: SINGER #2 Debentures due in 2000 Issuer Company: SINGER Type of Debenture Offered: Unsecured debentures, without trustees Value of Offering: Bt500 million Number of Debenture Offered: 500,000 units Offering Price Per Unit: Bt1,000 Face Value Per Unit: Bt1,000 Coupon Rate: Fixed rate of 12.35% p.a. Maturity: 3 years Date of Issuance: May 8, 1997 Subscription and Paid-up Period: May 6-7, 1997 2. Offering result 2.1 Subscription Thai Investors Foreign Investors Total Corp. Indv. Corp. Indv. No. of subscribers 16 - 1 - 18 No. of debentures subscribed 485,000 - 15,000 - 500,000 % of total debentures offered 97 - 3 - 100 2.2 Offering result Thai Investors Foreign Investors Total Corp. Indv. Corp. Indv. No. of subscribers 16 - 1 - 71 No. of debentures subscribed 485,000 - 15,000 - 500,000 % of total debentures offered 97 - 3 - 100