CLARIFICATION ABOUT REVENUES AND STATUS IN SBIA PROJECT

Our ref: ST/2002/0275 5 June 2002 Subject : Clarification about the status in the Second Bangkok International Airport project. To : Director and President The Securities Exchange of Thailand According to the articles in website www.qthai.com on 5 June 2002 specifying that Mr. Anutin Charnvirakul, President of STECON, has revealed information about securing the work in the Second Bangkok International Airport project from Italian Thai Development Public Company Limited. The Company would like to clarify as follow: The Company is still negotiating with ITO Joint Venture, not Italian Thai Development Public Company Limited, on the structural steel work packages for Passengers' Main Terminal Building whereby the major issues have substantially been concluded and details of contract are being finalized. The total weight for the said package is nearly 50,000 tonnes out of the total of 100,000 tonnes of steel works for the whole project. It is expected that the negotiation will be concluded by the end of the month. Please acknowledge and disclose to the public. Sincerely yours, Mrs. Ayuporn Wongkomet Executive Office Manager