ข่าวแจ้งตลาดหลักทรัพย์

TRANSLATION AUDITORS+ REPORT TO THE SHAREHOLDERS OF THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED We have reviewed the balance sheets of The Bangchak Petroleum Public Company Limited as of March 31, 1998 and 1997 and the statements of income for the first quarter then ended in accordance with standards established by the Institute of Certified Accountants and Auditors of Thailand. A review of such interim financial statements consists principally of obtaining an understanding, by enquiries, of the system for preparation of the financial statements,making an analytical review of pertinent financial data and making enquiries of certain officials ofthe Company who have responsibility for financial and accounting matters. Our review is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Thus , we do not express such and opinion on the financial statements referred to above. As stated in note 1.9.2., the Company records the results of foreign exchange gains or losses on loan for construction project as project cost during construction and as income or expense after project completion. Such method is not in accordance with the generally accepted accounting principles of recording the full amount of the foreign exchange gains or losses as income or expense, and as a result, both the Company+s total assets and its net profit for this quarter were lower by 87.72 million Baht. Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with the generally accepted accounting principles except as mentioned above in the third paragraph. (Sign) Pradharn Darbphechra ( Mr. Pradharn Darbphechra ) Duputy Auditor-General Acting Auditor-General (Sign) Duangta Jantong ( Ms.Duangta Jantong ) Auditor-in-charge May 1, 1998