Transfer of Shares of the Major shareholder

(Translation) H.T. 049/2003 October 13, 2003 To: President The Stock Exchange of Thailand Subject:Transfer of Shares of the Major shareholder The Singer Company B.V., the major shareholder of Singer Thailand Public Company Limited holding 12,960,000 shares representing a 48% stake, informs that on October 10, 2003, they transferred the shares to Singer (Thailand) B.V. as part of the overseas internal reorganization. For this transfer of shares, there is no change of the Company's operation. Yours sincerely,