SET Announcements

December 3, 2001 To: President Stock Exchange of Thailand Re: Loan to subsidiary which the company's holding is not exceeding 90% of the paid -up capital of the subsidiary. Referring to: Our previous letter dated July 30, 2001. As we reported by the said referred letter, the short-term loans granted by the company to BEC - TERO Entertainment Co., Ltd. [BEC-TERO] our subsidiary which the company's holding is not exceeding 90% of the paid-up capital of the subsidiary and the minority shareholder is not a connected person. Today we have agreed to roll-over loans of Baht 19.5 million which are due for repayment on December 1, 2001 for another year at an interest rate of 4.25% per annum. Details of the transaction are as per the enclosed disclosure form. Please be informed accordingly. Sincerely Yours, (Chatchai Thiamtong) Vice President - Finance Information of transactions between company and its subsidiary which the company's holding is not exceeding 90% of the paid-up capital of the subsidiary. Report date: December 3, 2001 1. Type of transaction: Short term loans to subsidiary which the company's holding is not exceeding 90% of the paid-up capital of the subsidiary. 2. Parties: Between BEC World Plc. (lender) [BEC] and BEC-TERO Entertainment Co.,Ltd.(borrower)[BEC-TERO] Related: BEC-TERO is a subsidiary of BEC, which BEC holds 60% of BEC-TERO and Mr.Brian Lindsay Marcar who is not a connected person holds 40%. 3. Transaction Date: December 1, 2001 4. Amount of money: Baht 19.5 million 5. Characteristic of transaction: The transaction is the roll-over of an existing loan for another year. The interest rate is fixed at 4.25% per annum, at a higher rate than the banks' deposit rate on the transaction date.