PROGRESSION OF DEBT RESTRUCTURING

Our Ref : ST./1999/1053 4 November 1999 Subject : Progression of Debt Restructuring Attention : President The Stock Exchange of Thailand In accordance with debt restructuring process of The Corporate Debt restructuring Advisory Committee, the company steadily has negotiation with the creditors. The debt restructuring plan has achieved Sufficient Plan Approval and is therefore deemed an Approved Restructuring Plan binding on the debtor and all creditors. Please be advised and disclose to investors and public Very Truly Yours, Sino-Thai Engineering & Construction Plc. ( Mr.Anutin Charnvirakul ) President