Report on The exercise of Warrants AP-W1

BackJul 04, 2006

July 3, 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  :  1.00165 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 23,000 warrants, intended to buy 23,037 ordinary shares in
       Baht 1.-  each on  30  June, 2006. Therefore, the outstanding
       amount of warrant is 2,870,380 units.
      
       Please acknowledge the above matter.
       
       Yours faithfully,
       
      
       Mr. Pichet  Vipavasuphakorn
       Managing Director