CLARIFICATION OF STECON'S F/S ENDED DEC. 31, 2000

Ref. No. : A/C ST. 044 / 2001 February 27, 2001 To : President of the Stock Exchange of Thailand Subject : Clarification of STECON' s financial statement ended December 31, 2000. Dear Sirs, We, Sino-Thai Engineering & Construction Public Company Limited, would like to clarify our yearly financial statement ended December 31, 2000 which shows net profit increasing by 261.00% as follows : - Due to the accomplishment from debt restructuring process, the company has gain from restructuring of Baht 3,565.33 million. Please kindly be informed. Yours sincerely, ___________________________ (Mr. Anuthin Charnvirakul) Director