REASONS FOR OVER 20,HANGE IN COMPANY'S OPERATIONS

(Translation) H.T. 062/2001 Date : November 13, 2001 Re : Reasons for over 20% change in company's operations To : President The Stock Exchange of Thailand The Consolidated financial statements as of September 30, 2001 of the Company indicated an increase of 32.9% in net profit after tax compared with the same period of last year due to the following reasons: 1. Increase in Sales 1.5%. 2. Lower interest expenses resulted from better cost of fund management and less borrowing due to market contraction. Yours sincerely, (Noppadol Mingchinda) Finance Director