CLARIFIES FOR BUSINESS RESULT

Sino-Thai Engineering & Construction Plc added informations as stated in SET DAILY dated Sep 5, 1997 as follows: 1. The financial statement ending Dec 31, 1997 was more available because HTR Co Ltd's Q2/1997 financial statement which was not reviewed may complicate most of statements if it was included. 2. Building and reinforced building could be used as imediately as they are repaired as there are already facilitated with water, roads, electricity. 3. Book value of HTR Co Ltd ending Q2/1997 = Bt584,494,613.94 or Bt11.69 per share 4. Value of plot of land is the same as the near land of Thai Special Steel, which was sold to Regional Electricity Generating Authority. 5. Business of HTR Co Ltd : based on non-tangible assets ending Dec 31, 1997 total assets 1,024,896,292 goodwill (shares of Patumwan 400,301,390 Real Estate) amortised goodwill (85,062,702) goodwill - net 315,238,688 total tangible asset 709,657,604 total liabilities 431,429,883 net tangible assets 278,227,721 STECON total assets 8,165,710,805.39 less: minor shareholders (171,934,466.56) equity less: net goodwill (94,045,787.34) total tangible asset 8,071,665,018.05 total liabilities (5,723,641,021.08) net tangible assets 2,176,089,530.41 7. Objective of taking over HTR : STECON would like to be major shareholders in HTR and foresee dividend. 8. Anticipated benefit : to boost HTR's operation within 1 year and after that, realise revenues 9. STECON will have HTR's performance audited since Jan 1, 1997 to ensure no transaction or item changes HTR's financial result significantly.