SET Announcements

December 1, 2005 TO: President Stock Exchange of Thailand RE: Setting up of new subsidiaries Today, we were informed that the Board of Directors of BEC-TERO Entertainment Plc. [BEC-TERO] - our subsidiary which BEC holds 60% of the paid up capital and the substantial portion of the rest is held by non - connected parties, has passed resolutions approving BEC-TERO to set up 2 new subsidiaries. The details are as follows:- 1. Setting up a subsidiary to manage football club and related business. Name of subsidiary company:BEC-TERO Sasana Company Register Capital: 18 Million Baht Company Structure: BEC-TERO holds share 99.99% Source of fund: Existing working capital Purpose: To spin-off the existing football business as a new subsidiary Business: To manage football club and related business Benefit/Returns: Dividend Characteristics of the transaction: The transaction is not a connected transaction and the size of transaction is about 0.33% of BEC's net tangible assets, according to the consolidated financial statement as at September 30, 2005. 2. Setting up a joint venture company to manage exhibition organizing business. Name of the JV company: BEC-TERO Exhibition Company Register Capital: 5 Million Baht Company Structure: BEC-TERO holds 51% PICO (Thailand) Public Co., Ltd. holds 39% Asia Congress Events Co., Ltd. holds 10% Source of fund: Existing working capital Business: Exhibition organizer and relating business Benefit/Returns: Dividend Characteristics of the transaction: The transaction is not a connected transaction and the size of transaction is about 0.05% of BEC's net tangible assets, according to the consolidated financial statement as at September 30, 2005. Please be informed accordingly. Yours sincerely, (Mr.Chatchai Thiamtong) Vice President - Finance