SET Announcements

CK-01-0000-AFD-L-126 February 19, 2001 Subject : Waiver of the terms potentially causing the delisting of a listed company due to unrealized foreign exchange losses To : Managing Director The Stock Exchange of Thailand Dear Sirs, Enclosed please find additional information pertaining to unrealized foreign exchange losses of CH.Karnchang Public Company Limited caused by the unexpected flotation of the Thai Baht for the year ended 31 December 2000 which was reviewed by Ernst & Young Office Limited. For your consideration and approval. Sincerely yours, (Mr.Plew Trivisvavet) (Mr.Narong Sangsuriya) Director CH.KARNCHANG PUBLIC COMPANY LIMITED Additional information relating to unrealized foreign exchange losses Consolidated The Company Foreign Currencies Loan As at 31 December 2000YEN 3,476,085,515 - USD 14,925,500 2,000,000 DM 9,445,635 - (Unit : Baht) Loss on foreign exchange Unrealized 854,970,107 34,979,200 Realized 24,343,869 24,343,869 Additional information of debt in foreign currencies Accounting policy As at December 31, 2000, the Group has liabilities, in long-term loan and short-term loan in the amount of United States Dollars14.93 million, Japaniss Yen 3,476.09 million and Germany DM 9.45 million. Which are presented in the financial statements. Partial loans have been hedged by forward contracts or others. So, the Group has unrealized loss on exchange recognized a translation loss of Baht 854.97 million resulting from the decline of the Thai Baht value. Loan repayment period Year 2001: Amount Yen 3,476.09 million DM 9.45 million USD 14.93 million Other pertinent information of debt denominated in foreign currencies Tenor Approximate 1 year and the repayment period start from May 2001 Repayment schedule Every 1 year Interest period Every 3-12 months.