SET Announcements

May 17, 2004 To: President Stock Exchange of Thailand Re: Submission of financial statements for the 1st quarter of 2004 Enclosures: Financial statements for the 1st quarter of 2004 We are sending you herewith the enclosed financial statement of the Company and the consolidated statement of the group for the 1st quarter of 2004 ended 31st March 2004, which were reviewed by both the Auditor and our Audit Committee. The BEC World group was able to improve its operating results for the 1st quarter of 2004 higher than that of the previous quarter by Baht70 million (19.4%) to Baht431 million, from the improvement of profitability of our other activity. However, this is still lower than that of the same period of last year by 20.5% or Baht 111 million, because of the increases in costs due to the introduction of additional local drama in the afternoon, the switching back to local drama during the super-primetime replacing the Chinese series and the release of our not-so-success movie "The Siam Renaissance" and this year the group does not have the tax benefits that it enjoyed last year. Please be informed accordingly. Sincerely Yours, (Chatchai Thiamtong) Vice President - Finance