SET Announcements

1600/061/2541 September 9, 1998 The Stock Exchange of Thailand 62 Ratchadapisek Road, Klongtoey Bangkok 10110 Attention : President of the Stock Exchange of Thailand Subject : Clarification on News As reported in some newspapers regarding the BCP privatization guideline policy, we would like to clarify as follows: The BCP+s privatization subcommittee chaired by the Permanent Secretary, Ministry of Finance, has approved on August 25, 1998+s conference to privatization under the guideline policy given by the State Enterprise Policy Committee on June 18, 1998, that divide the operation to two stages. In the first stage, to sale of share belonging to PTT of 24% and 7-8% of The Krung Thai Bank or Ministry of Finance to privatize as soon as possible. The second stage, after the privatization, the capital increase plan shall be considered. The subcommittee will submit the privatization guideline policy to the State Enterprise Policy Committee for futher consideration . Please be informed accordingly. Yours sincerely, (Mr. Rabil Pornpatkul) Senior Manager, Corporate Planning Office Corporate Planning Office Tel: 301-2842