SET Announcements

Ref : CK-98-0000-AFD-L-091 March 2 , 1999 The Stock Exchange of Thailand 62 Ratchadapisek Rd., Klongtoey , Bangkok 10110 Attention : President Subject : Declaration of the operating result of the year ended December 31, 1998, compared with the year ended December 31, 1997. The operating result of CH. Karnchang Public Company Limited, Subsidiaries, and Joint Ventures for the year ended December 31, 1998 was increased 156% compared with the same period of 1997. Since as at December 31, 1998, Thai Baht currency to other foreign currencies has strongly appreciated compared with the previous period. As the result, the company recorded profit on foreign exchange. This is the major factor for change in 1998 operating result. For your consideration. Sincerely yours, (Mr.Thavorn Trivisvavet)(Mrs.Saikasem Trivisvavet) Director