THE DISCLOSURE FOR BUSINESS REHABILITATION UNDER THE BANKRUP

Our Ref ST/2000/0136 20 March 2000 Subject The Disclosure for Business Rehabilitation under the Bankruptcy Act. To The President The Stock Exchange of Thailand Reference Your letter no. BJ.494/2543 Subject Notice of possibility in being delisted as listed company Pursuant to the above reference letter, the company would like to inform that the company applied for business rehabilitation under the bankruptcy act. The court orders to allow the company to go under rehabilitation process and to appoint Mr.Chavarat Charnvirakul and Mr.Anutin Charnvirakul as the rehabilitation planner. The schedule under rehabilitation process is shown at attachment. The company expects that the shareholders' equity will be positive after the debt restructuring process finishes. Pleased be advised accordingly Faithfully Yours, ( Mr.Anutin Charnvirakul ) President Attachment The Disclosure for Business Rehabilitation under the Bankruptcy Act. Items Process Date Processor Remarks/Place 1. Advertisement of going 24 January 2000 in The official receiver The reconstruction office under rehabilitation newspapers. process and appointing 24 February 2000 in the rehabilitation planner Government Gazette 2. The creditors submit the Within 1 month The official receiver The reconstruction office claims for settlement to (24 March 2000 ) the court. from the advertisement date. 3. Investigation for claims The official receiver will inform . The official receiver The reconstruction office for settlement. later 4. The rehabilitation plan Within 3 months STECON and financial The reconstruction office is submited to the (24 May 2000) from the advisor official receiver. advertisement date. 5. Request for extension in The extension can be applied for Dej-Udom & Associates The reconstruction office submitting the plan. 2 times;each time will not exceed Ltd. 1 month. 6. The creditors' meeting Within 1 month from the date of The official receiver The reconstruction office is conducted to consider submitting plan. or other suitable places. the rehabilitation plan. 7. The court reviews the Within 1 month from the creditors' Central Bankruptcy Court, Central Bankruptcy submited plan. meeting date. Dej-Udom & Associates Court Ltd. 8. The court approves the The date for plan approval. Central Bankruptcy Court Central Bankruptcy rehabilitation plan. Court 9. The rehabilitation plan The process will take 5 years The plan administrator The plan administrator is put into action. following the approved The extension procedures. can be made 2 times; each extension will not exceed 1 year. 10.The plan finishes, The The plan must be executed within The plan administrator Central Bankruptcy court appeals the 5 years. The extension can be made reports to the court. Court rehabilitation. 2 times; each extension will not exceed 1 year.