รายงานต่อตลาดหลักทรัพย์ฯ

May 16, 2005 To: President, Stock Exchange of Thailand. Re: Submission of Financial Statements for the 1st Quarter of 2005. Enclosures: Financial Statements for the 1st 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 1st quarter of 2005 ended March 31, 2005, which were reviewed by the Auditor and our Audit Committee has already reviewed them. BEC World group was able to made only Baht153 millions as its net profit for the first quarter of 2005, lower than that of the prior quarter by 84 millions thus a drop of 35 percent and lower than that of the same period last year by 64 percent or Baht278 millions as the advertising income was shapely lower down as a consequence of the tsunami and the deterioration of general economic situation which reflected in the lower utilization rate of our commercial air-time. Whereas, the developments on other networks, which started since early last year, also have created additional supplies; while the overall ad-spending was soft, thus had forced a lower air-time rate, as well. The drop of revenue was happened while the costs and expenses were increasing thus the margin was lower down 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 1st Quarter of 2005 Management Discussion and Analysis: Operating Results: BEC World group was able to made only Baht153 millions as its net profit for the first quarter of 2005, lower than that of the prior quarter by 84 millions and lower than that of the same period last year by Baht278 millions as the advertising income was shapely lower down as a consequence of the tsunami and the deterioration of general economic situation which reflected in the lower utilization rate of our commercial air-time. Whereas, the developments on other networks, which stared since early last year, also have created additional supplies; while the overall ad-spending was soft, thus had forced a lower air-time rate, as well. The drop of revenue was happened while the costs and expenses were increasing thus the margin was lower down. Revenue: For the first quarter of 2005 BEC World group had Baht1,109 millions as advertising income lower than that of the prior quarter by 14 percent and lower that that of the same period last year by 15 percent. This is the results of lower utilization rates achieved in the fist two months especially during the primetime as a consequence of the tsunami. Despite the loading improved greatly in March but still not as strong as prior year as the general economic conditions were deteriorating after the adjustment of diesel price. The developments on other networks, which stared since early last year, also have created additional supplies; while the overall ad-spending was soft, thus had forced a lower air-time rate, as well. 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 and operating expense were lower down than the prior quarter in line with the decline in number of activities after the festive season, but increased a lot year-on-year mainly related to the events 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 increases are also come 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 head-count. Financial positions: Our total assets at the end the quarter increased when compared with that of the end of last year in line with profit. Majority of our assets is still in the form of cash, deposits with financial institutions or short-term investment in fixed income funds as usual. Fixed assets increased because of the move of the office and the investment is new UHF system for Bangkok area. In term of liabilities, the group also has higher liabilities as we recognized the accrued final dividend. The Shareholders' equity as at March 31, 2005 lower down when compared with that at the end of previous year because of the said dividend, now is amounting to Baht5,475 millions.