CLARIFICATION OF STECON'S FINANCIAL STATEMENT...Q3/99

Ref. No. : A/C ST. 400/1999 November 15, 1999 To : President of the Stock Exchange of Thailand Subject : Clarification of Stecon ' s financial statement ended September 30, 1999 Dear Sirs, We, Sino-Thai Engineering & Construction Public Company Limited, would like to clarify our quarterly financial statement ended September 30, 1999.For the three month period has showing net loss increasing by 764.01% and for the nine month period has showing net loss increasing by 257.01% from the same period of the previous year as follows: 1. The company has exchange gain (loss) amounting to Baht (368.23) million and Baht (383.26) million for the three month period and nine month period ended September 30,1999 comparing to Baht 280.15 million and Baht 727.10 million respectively in the same period of the previous year. 2. The company has recognized gain (loss) from investment in subsidiaries and associated companies and joint ventures (equity method) of Baht (57.42) million and Baht (83.97) million for the three month period and nine month period ended September 30,1999 comparing to Baht (8.93) million and Baht 27.46 million respectively in the same period of the previous year. Please kindly be informed. Yours sincerely, (Mr. Anuthin Charnvirakul) Director