SET Announcements

August 10, 2005 To: President, Stock Exchange of Thailand. Re: Submission of Financial Statements for the 2nd Quarter of 2005. Enclosures: Financial Statements for the 2nd Quarter of 2005 and the relevant management discussion and analysis. We are sending you herewith the enclosed financial statements of the company and the consolidated statement of the group for the 2nd quarter of 2005 ended June 30, 2005, which were reviewed by the Auditor and our Audit Committee has already reviewed them, also. BEC World group was able to made Baht229 millions as its net profit for the second quarter of 2005, an increase of Baht 76 millions - 50 percent higher than that of the prior quarter as the result of the increase of advertising income. However, this profit is still lower than that of the same period of last year by Baht319 millions as the advertising income was sharply lower down as a consequence of the deterioration of general economic situation which reflected in the lower utilization rate of our commercial air-time, whereas, our costs and expenses were increasing thus lowering down the profit margin as discussed further in the attached management discussion and analysis. Please be informed accordingly. Sincerely Yours, (Chathai Thiamtong) Vice President - Finance BEC World Plc. Consolidated Financial Statements for the 2nd Quarter of 2005 Management Discussion and Analysis: Operating Results: BEC World group was able to made Baht229 millions as its net profit for the second quarter of 2005, an increase of Baht 76 millions - 50 percent higher than that of the prior quarter as the result of the increase of advertising income. However, this profit is still lower than that of the same period of last year by Baht 319 millions as the advertising income was sharply lower down as a consequence of the deterioration of general economic situation which reflected in the lower utilization rate of our commercial air-time, whereas, our costs and expenses were increasing thus lowering down the profit margin. Revenue: Sales Revenues: 2Q05 1Q05 QoQ 2Q04 YoY Adverting Income 1,270 1,109 160 14.5% 1,557 -288 -18.5% Copyright and Other Services 42 75 -32 -43.4% 23 19 81.9% Concerts and Shows 402 267 135 50.5% 126 276 218.4% Total Sales Revenues 1,714 1,451 263 18.1% 1,707 7 0.4% For the second quarter of 2005 BEC World group had Baht1,270 millions as advertising income higher than that of the prior quarter by 14 percent as industry improved from the stagnancy at the beginning of the year but still lower that that of the same period last year by 18 percent. This is the results of lower utilization rates achieved the quarter, especially during the primetime, as a consequence of the softness in overall ad-spending caused by deteriorating general economic conditions. However, other services revenue has continued increasing for another quarter as this year it includes revenue from shows organized outside of Thailand by ThemeStar the new subsidiary of BEC-TERO. Costs and Operating Expenses: Costs of TV business were stabilized when compares with prior period but increased when compares with the same period of last year as expansion of primetime and an increase of local dramas were happened in the second half of last year. Costs of other services were increased in line with the increase of revenue especially those of the shows organized outside of Thailand by ThemeStar the new subsidiary of BEC-TERO. The increase of SG&A are coming from additional office costs, because of the move into the new expanded office since the middle of last year, and the increase in staff costs caused by salary adjustments and increase in headcount and the inclusion of ThemeStar. Financial positions: Our assets and liabilities, in general, are about the same as the balance at the end the prior year, except the deduction of cash and cash equivalent as a result of dividend and final corporate income tax payments made in May 2005.