CLARIFICATION ON THE SELLING OF STC

Our Ref ST/2001/0143 March 27 2001 Subject Clarification on the selling of STC Attention The President The Stock Exchange of Thailand Where as Sino-Thai Engineering & Construction Public Company Limited has convened an Executive Committee Meeting No 6 2001 during 9 00 hour 10 00 hour on March 14 2001 The company would like to inform the SET that following concluded resolution was adopted at the said meeting The Company sells the STC (companys subsidiary) shares at Baht 1 per share for 299993 shares at the total cost of Baht 299993 (Baht Two hundred Ninety Nine thousand and Nine hundred Ninety Three Only) on date March 27 2001 to CTMC Company limited which does not have any related business with the Company in accordance with the SET regulation The purpose of the selling is to utilize the money as working capital of the Company Please be advised and disclose to investors and public Yours sincerely Mr Woraphant Chontong Senior Vice President Finance and Account