SET Announcements

BEC : REPORTS THE APPROVAL TO ACQUIRE ORDINARY SHARES OF BEC-TERO CO., LTD. AND TO SUBMIT INFORMATION ON RELATED TRANSACTION This is to inform that the board of directors approved during the2 /1998 meeting held on March 27, 1998, an acquisition of 599,995ordinary shares of BEC-Tero Entertainment Co., Ltd. which is equal to 60% of its paid-up capital, at the par value of 10 Baht a share amounting Baht5,999,950.- The size of investment is about 0.07% of BECs total net asset value and does not fall under the Notification of SET concerning the Acquisition of Disposition of Assets of Listed Companies but fall under the Notification of SET concerning the related transaction, forwhich the disclosure of information is enclosed. BEC World Public Company Limited. Information on related transaction 1. Date of Transaction : The Board of Directors meeting no. 2/1998 held on March 27, 1998 has resolved in principle to acquire 599,995 ordinary shares of BEC-Tero Entertainment Co., Ltd. (BEC-Tero) of 59.99% of its paid-up capital. The purchase price is Baht 10 and total investment value is Baht 5,999,950. 2. Parties involved Buyer : BEC World Public Company Limited. Seller : 1.) Mr.Prasarn Maleenont 74,999 shares 2.) Mr.Pracha Maleenont 74,999 shares 3.) Mr.Pravit Maleenont 74,999 shares 4.) Mr.Prachum Maleenont 74,999 shares 5.) Miss Ratana Maleenont 74,999 shares 6.) Miss Nipa Maleenont 75,000 shares 7.) Miss Amporn Maleenont 75,000 shares 8.) Mrs.Ratchanee Nipathkusol 75,000 shares 3. Nature of Transaction : The acquisition size of 599,995 ordinary shares of BEC-Tero is 0.07% of BECs total net asset value and does not fall under the Notification of SET, Re : Rules, Procedures, and Disclosure of Information concerning the Acquisition of Disposition of Assets of Listed Companies. 4. Details of Asset Type : 599,995 ordinary shares. Company : BEC-Tero Entertainment Co., Ltd. Business Type : Programs producer, organize and/or promote international shows, concerts, sport events and/or television shows, produce and/or promote music and/of songs, provide sponsorship and/or marketing promotion activities to all kinds of entertainment events within the country and in Myanmar through its subsidiary which incorporated within that country. Registered capital : Baht 10,000,000 at par of Baht 10 Paid-up capital : Baht 10,000,000 Directors : 1.) Mr.Prasarn Maleenont 2.) Mr.Pracha Maleenont 3.) Mr.Pravit Maleenont 4.) Mr.Prachum Maleenont 5.) Miss Ratana Maleenont 6.) Miss Amporn Maleenont 7.) Mr. Brian L. Marcar Shareholder : 1.) Mr.Prasarn Maleenont 75,000 shares 2.) Mr.Pracha Maleenont 75,000 shares 3.) Mr.Pravit Maleenont 75,000 shares 4.) Mr.Prachum Maleenont 75,000 shares 5.) Miss Ratana Maleenont 75,000 shares 6.) MissNipa Maleenont 75,000 shares 7.) Miss Amporn Maleenont 75,000 shares 8.) Mrs.Ratchanee Nipathkusol 75,000 shares 9.) Mr.Brian L. Marcar 400,000 shares 5. Value of Investment : Total investment value of 599,995 ordinary share of BEC-Tero is Baht 5,999,950 at Baht 10 per share. 6. Connected Transaction 1.) Mr.Prasarn Maleenont : Major shareholders and a director of BEC 2.) Mr.Pracha Maleenont : Major shareholders and a director of BEC 3.) Mr.Pravit Maleenont : Major shareholders and a director of BEC 4.) Mr.Prachum Maleenont : Major shareholders and a director of BEC 5.) Miss Ratana Maleenont : Major shareholders and a director of BEC 6.) Miss Nipa Maleenont : Major shareholders and a director of BEC 7.) Miss Amporn Maleenont : Major shareholders and a director of BEC 8.) Mrs. Ratchanee Nipathkusol : Major shareholders and a director of BEC 7. Nature and extent of benefits to connected persons. : The connected persons are major shareholders taking part in the Board of Directors of BEC.