SET Announcements

May 14, 2001 To: President Stock Exchange of Thailand Re: Submission of financial statements for the 1st quarter of 2001 and explanation on the difference over 20 per cent from the same period last year. Enclosures: Financial statements for the 1st quarter of 2001 We are sending you herewith the enclosed financial statement of the Company and the consolidated statement of the group for the 1st quarter of 2001 ended 31st March, 2001 which were reviewed by both the Auditor and our Audit Committee. The operating result of the group for this 1st quarter of 2001 is a profit of Baht500 million, higher than the profit of the same period last year by forty-eight percent. The increase of our profitability is the direct result of the increase over 28% of our sales revenues over the same period of last year. The additional revenues came from an increase in volume of business, from the increase of our air-time rates during the evening slots which was effective since last October and from the BEC-Tero's revenues from movie and shows. As the increase of our revenues was much higher than the inflation of costs and expenses, which were mostly fixed in nature, thus the profit of the group improved a lot. Please be informed accordingly. Sincerely Yours, (Chatchai Thiamtong) Vice President - Finance