Report the use of Capital Increase from warrant conversion

BackJan 31, 2008

January 30, 2008

Subject:To report the use of Capital Increase from warrant conversion

To :The President, The Stock Exchange of Thailand

According to an increase of the company's capital from the conversion of ESOP-S2 at 3.60 Baht per share and ESOP-W1 at 3.578 Baht per share during July 1, 2007 to December 31, 2007, The total conversion of 26,355,218 common shares in the amount of 94,826,970 Baht could be classified as follows;

1.ESOP-S2 for 2sd at July 13, 2007 converted to be 24,000,000 shares or 86,400,000 Baht

2.ESOP-W1 for 7th at August 20, 2007 converted to be 1,347,463 shares or 4,821,222.61 Baht

3.ESOP-W1 for 8th at November 20, 2007 converted to be1,007,755 shares or 3,605,747.39 Baht

We would like to inform that the above capital increase has been used as the Company's working capital.

Please be informed accordingly.

 

Yours faithfully,

 

Mr. Pichet Vipavasuphakorn
Managing Director