REASONS FOR OVER 20,HANGE IN COMPANY'S OPERATIONS

(Translation) 034/2000 Date: May 12, 2000 Re: Reasons for over 20% change in company's operations To: President The Stock Exchange of Thailand As shown in the three months Consolidated Financial Statements as of 31 March 2000, the Company has a net profit after tax amounting to Baht 37 million representing a significant increase of 68% over the Net Profit after Tax of Baht 22 million achieved for the same period of the prior year. The two major reasons for such an improvement are: 1) The company's turnover increased from the same period of the prior year by 8 % or 65 million baht. 2) The company's interest expenses decreased from the same period of the prior year with the amount of 16 million baht as the main result of a decrease of interest rate of borrowing from 10.8 % per annum to 9.1 % per annum. Yours sincerely,