(F53-4) Capital Increase Report Form

(F53-4) Capital Increase Report Form Singer Thailand Public Company Limited Date 14 August 2007 We Singer Thailand Public Company Limited hereby report of the resolution of the board of directors no.167 , held on 14 August 2007 at 2:30 p.m.in respect of a capital increase/share allotment as follows: 1.Capital increase: The meeting of the board of directors passed a resolution approving the increase of a registered capital of the Company from 270,000,000 Baht to 283,500,000 Baht by means of the issuance of 13,500,000 ordinary shares with a par value of 1 Baht each, totaling 13,500,000 Baht. 2. Allotment of new shares: 2.1 The meeting of the board of directors passed a resolution approving the allotment of 13,500,000 ordinary shares with par value of 1 Baht each, totaling 13,500,000 Baht, the detail of which are as follows: Sale price Number Ratio per share Subscription and Allotted to (shares) (old:new) (Baht) payment period Note For supporting the 13,500,000 - 1.78 After obtaining - conversion/exercising approval from the right of warrants shareholders' under ESOP to the meeting and the director, i.e., director office of SEC Mr. Daniel Michel Philiponet 2.2 The Company's plan in case where there is a fraction of shares remaining - None - 2.3 The number of shares remaining from the allotment is - None - shares with par value of - Baht each, totaling - million Baht. 3. Schedule for shareholders meeting to approve the capital increase/allotment The ordinary/extraordinary meeting of shareholders no.1/2007 is scheduled to be held on 19 September 2007 at time 2.00 p.m. at 30th Floor, CAT Telecom Tower, 72 Charoenkrung Road, Kwaeng Bangrak, Khet Bangrak,Bangkok.The share register will be closed for share transfer in order to determine the right to attend this meeting from August 30, 2007 at 12.00 o'clock,until the meeting has been duly convened. 4. Approval of the capital increase/share allotment by relevant governmental agency and conditions thereto The increase of capital requires to be registered with the Ministry of Commerce, and sale report is required to be submitted to the Stock Exchange of Thailand and the Office of Securities and Exchange Commission. 5. Objectives of the capital increase and plans for utilizing proceeds received form the capital increase The proceeds received from the exercise of the warrants will be used as working capital in the management of the Company. 6. Benefits which the Company will received from capital increase/share allotment: 6.1 The proceeds received from the exercise of the warrants will increase the Company's working capital. 6.2 The allocation of shares to accommodate the exercise of the warrants to be issued and offered for sale to the director will encourage the director to use his knowledge, skill and vision to manage the Company and improve the performance of the Company in the long run for the benefits of all shareholders. 7. Benefits which the shareholders will received from the capital increase/share allotment: The Company expects that the allocation of shares to accommodate the exercise of the warrants to be issued and offered for sale to the director will facilitate the improvement of the performance of the Company and the improvement of returns to shareholders without any material cost which may be incurred by the Company.Meanwhile, the Company will have more working capital to be received from the payment for the increase of capital. 8. Other details necessary for shareholders to approve the capital increase/share allotment: 8.1 With regard to the price dilution effect, it would not cause all shares of the Company after the capital increase (283,500,000 shares) to be theoretically reduced in value. However, effects upon price dilution due to the exercise of warrants will be subject to the market price of the Company's shares on the day that new shares from the exercise of warrants start trading on the SET. 8.2 With regard to the control dilution effect if rights under the warrants in the whole amount are exercised, the voting right of the existing shareholders will be diluted by 4.7619%. 9. Schedule of action where the board of directors of the Company passes a resolution approving with out Actions Period 1. Board of Directors' Meeting No.167 to 14 August 2007 approve the capital increase 2. The Date of the closure of share register 30 August 2007 book in order to determine the right to attend the Extraordinary Meeting of Shareholders No. 1/2007 3. The Date of the Extraordinary Meeting of 19 September 2007 Shareholders No. 1/2007 4. Registering the capital increase approved within 14 days of the date on by the Shareholders at the Department of which the Extraordinary Business Development in the Ministry of Meeting of Shareholders No. Commerce 1/2007 was convened The Company hereby certifies that the information contained in this report form is true and complete in all respects. Signed authorized director (To be signed by the authorized ( Mr. Daniel Michel Philiponet ) directors who are authorized to Position Managing Director sign on behalf of the Company with the Company's seal affixed Signed authorized director ( Mr. Sophon Pholvilai ) Position Director