Report on the Disposal of the Common Shares of Subsidiary

Ref: ST/010/2008/0015 March 18th, 2008 Re: Report on the Disposal of the Common Shares of the Company's Subsidiary To: The President The Stock Exchange of Thailand The information regarding on the disposal of the common shares of HTR Company Limited- the Company's subsidiary, as follows: 1. Transaction Date: March 14th, 2008 2. Related contract: A.P.F. Hospitality Company Limited 3. Type of Transaction: To sell the common shares of P.P. Coral Resort Company Limited amounting to 681,000 shares at 84.366 per share, where the total amount is 57,453,429.77 Baht. The transaction is equaled to 1.51% of total assets of the company and it is not the connected transaction. 4. Value of Consideration: Total amount: 57,453,429.77 Baht. 5. Basis of Transaction: The comparison between acquisition or disposition Classification value and Company assets value. 7. Beneficial: Increase working capital It is therefore informed for your acknowledgement and dissemination to the public and other investors. Yours sincerely, Mr. Woraphant Chontong SEVP.Financial and Administration Division