Additional infos:compensate loss/loan for HTR/share of IIMC

ST. 010/2009/0010 16th March 2009 Subject: Clarify additional information of the report on resolutions of the Board of Directors Meeting No. 1/2009 To: Directors and Manager of the Stock Exchange of Thailand Whereas the Board of Directors of Sino-Thai Engineering & Construction Public Company Limited (the "Company") reported on resolutions of the Board of Directors Meeting No. 1/2009 and the disclosure of information concerning the related parties transaction in purchasing ordinary shares of Inter IMC Pte Ltd. on March 12, 2009. The Company would like to report further informations as stated above as followed: 1. Approval of the compensation for the accumulated loss of the Company in the amount of Baht 1,325,534,897 as the following procedures; 1.1 Firstly, the Company transfers the statutory reserve in amount of Baht 103,038,015 to compensate the accumulated loss of the Company and the total remaining of the accumulated loss of the Company shows Baht 1,222,496,882 and then, 1.2 Transfer the share premium in amount of Baht 1,222,496,882 to compensate the accumulated loss of the Company and the total remaining of the accumulated loss of the Company as stated in item 1.1 shows Baht -0-. The Board of Directors had resolved in compliance with the Listed Company Act B.E. 2535 and the Announcement of the Federation of Accounting Professions. 2. Further information of granting loan Approval of the grant of a loan in the amount of Baht 238,000,000 (Two Hundred Thirty-eight Million Baht only), which is an individual loan and over proportions since the Company is a major shareholder, to HTR Co., Ltd., the Company's subsidiary that presents 80.90% of shareholding (the other 19.10% of shareholding belongs to minor shareholders where there are no connected persons presented in the group), which engages in the business of real estate and residence, with the interest rate fixed at the Minimum Loan Rate of Siam Commercial Bank Public Company Limited minus 1% (MLR -1%). The loan period is five (5) years. HTR Co., Ltd. will use the said loan to purchase two (2) Projects of Condominiums, i.e., (1) La Vie En Rose Place Project, fifteen (15) units located at Sukhumvit 36, Bangkok from National Union Co., Ltd. and (2) Pineshore Project, twelve (12) units located at Jomthien Chonburi Province from PLM Enterprises Co., Ltd. The said transactions do not meet the requirements of a connected transaction according to the notification of the Stock Exchange of Thailand. 3. Further informations of the disclosure of information concerning the related parties transaction in purchasing ordinary shares of Inter IMC Pte Ltd. Inter IMC Pte Ltd has 2 groups of shareholders, which are Best Quality Skills Co., Ltd. and STP&I Public Company Limited. Best Quality Skills Co., Ltd. has registered capital in the amount of Baht 1,000,000, divided into 100,000 ordinary shares, par value per share Baht 10. The Company would like to clarify shareholders' name of Best Quality Skills Co., Ltd. as followed: 1. Ms. Jarima Napaporn who is not a connected person holding 99,993 shares, which is equaled to 99.993% 2. Minor shareholders consist of 7 people (no connected persons) holding 7 shares, which is equaled to 0.0007% The Company provides this information for your acknowledgment and dissemination to the public and other investors. Sincerely yours, (Mr. Woraphant Chontong) SEVP. Financial Administrative Division Company Secretary Office Telephone: 0 2260 1321 ext. 212, 305, 274 Facsimile : 0 2259 4427