CLARICATION ON THE MINNUTES OFEXECUTIVE 16/1998(ADDITIONAL)

Translation Our Ref.: ST 0807/1998 July 2, 1998 Subject: Clarification on the Minutes of Executive Committee Meeting No. 16/1998 ( Additional) Attention: Managing Director The Stock Exchange of Thailand Ref.: Minutes of Executive Committee Meeting No. 16, 1998 Further to the submission of the Minutes of Executive CommitteeMeeting No. 16/1998 to SET, we hereby would like to additionally clarify on the selling of CBI ST Ltd. shares as follows: 1) The Company intended to sell the shares to Mr. Ratiwan Samphaothong who does not have any related business with the Company. The buyer expects to possibly add the value to the shares in the long term. 2) The Company agreed to sell those shares at 1 Baht per share for 4,374 shares (paid up total shares at 100 per cent of the registered capital and paid up) and 0.25 Satang for 345,783 shares ( paid up the shares at 25 per cent of the registered capital and paid up) which costing the total amount of 90,819.75 Baht (Ninety Thousand Eight Hundred Nineteen Baht and Seventy Five Satang). The said share price is found reasonable to sell out because the Company can sell the shares in higher price than the book value which the value is at zero now due to the total liabilities being over the total asset. Your kind acknowledgment will be appreciated. Sincerely, Mr. Woraphant Chonthong Senior Vice President Finance and Accounting