"SP" SIGN TO BE LIFTED FROM STECON

"SP" SIGN TO BE LIFTED FROM STECON As the Board of Governors of the SET revised rules on allowing securities trading of listed companies in the REHABCO sector with the concept that the companies make certain level of progress in solving their financial problems and fully disclose relevant information to investors. Listed companies can submit a petition for trading reinstatement to the SET if their debt restructuring completed by more than 50% worth of total debts and rehabilitation plans have either been approved by their shareholders or the Bankruptcy Court. Applicants are also required to disclose major elements of their debt restructuring agreements signed by such companies and their creditors together with major elements of the rehabilitation plans as approved by their shareholders or the Bankruptcy Court. STECON has completed its debt restructuring agreement by more than 50% worth of total debts. The rehabilitation plan of STECON has been approved by the Bankrupcy Court on 4 September 2000 respectively. STECON has also submitted the petition for trading reinstatement to the SET. In addition, STECON has already disclosed major elements of its debt restructuring agreements and rehabilitation plan as specified by the SET's rules (details as on Public SIMS dated 5 September 2000). Therefore, the SET decides to lift "SP" sign from STECON's securities which include common shares (STECON) and prefered shares (STECON-P) on 20 December 2000 to allow the trading of such securities in REHABCO sector. Shareholders and investors should follow the companies' debt restructuring and their rehabilitation plans before making investment decision. However, since this issue may affect the stock price of the company in the market. Therefore, according to Clause 24 (3) and (6) of the regulation on trading, clearing and settlement for listed securities 1999, the ceiling and floor limits on the main board of the securities of STECON will be temporarily removed on 20 December 2000 to allow the market mechanism to work freely. Case-T/NE-STECON