CLARIFICATION OF STECON'S FINANCIAL STATEMENT Y'2001

Ref. No. : A/C ST. 024 / 2002 13 February 2002 Subject : Clarification of STECON' s financial statement ended December 31, 2001. To : President of the Stock Exchange of Thailand Dear Sirs, We, Sino-Thai Engineering & Construction Public Company Limited, would like to clarify our yearly financial statement ended December 31, 2001 which shows the decreased in net profit of 80.41% as the following reasons : In 2000, due to the accomplishment of debt restructuring process, the company had recorded from restructuring of 3,565.33 million Baht . Where as the year 2001, net profit of 354.27 million Baht came from the normal business operation. Please kindly be informed. Yours sincerely, ___________________________ (Mr.Vallop Rungkijvorasathien) Director ___________________________ (Mr. Woraphant Chontong) Director