Report On The Exercise Of Warrants AP-W1

BackJan 04, 2006

January 4, 2006

Re.:Report on The exercise of Warrants (AP-W1)
Attn.:Director and Manager
The Stock Exchange of Thailand

According to the allotment of warrants to purchase new ordinary shares of the Company to existing shareholders on 15 August 2001, each warrantholder could exercise warrants at the exercise ratio of 1 unit of warrant : 1 ordinary share, at the exercise price of Baht 1.- for each new ordinary share on every last business day of March, June, September and December. The Company would like to inform that there were 1 warrantholders, held 15,000 warrants, intended to buy 15,000 ordinary shares in Baht 1.- each on 30 December, 2005. Therefore, the outstanding amount of warrant is 3,097,380 units.

Please acknowledge the above matter.

Yours faithfully,

Mr. Pichet Vipavasuphakorn
Managing Director