SET Announcements

CK-01-0000-AFD-L-295 May 15, 2001 Subject : Waiver of the terms potentially causing the delisting of a listed company due to unrealized foreign exchange losses Attention: Managing Director The Stock Exchange of Thailand 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 first quarter ended March 31, 2001 which was reviewed by Ernst & Young Office Limited. For your consideration and approval. Sincerely yours, (Mr.Kamthorn Trivisvavet) (Mr.Narong Sangsuriya) Directors CH. KARNCHANG PUBLIC COMPANY LIMITED Additional information relating to unrealized foreign exchange losses Consolidated The Company Foreign Currencies Loan As at 31 March 2001 YEN 3,476,085,515 US 14,925,500 2,000,000 DM 9,445,635 Loss on foreign exchang (Unit : Baht) Unrealized 813,713,753 37,945,000 Realized 24,343,869 24,343,869 Accounting policy As at March 31, 2001, the Group has liabilities, in long-term loan and short-term loan in the amount of United States Dollars 14.93 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 813.71 million resulting from the decline of the Thai Baht valve. Loan repayment period Year 2001 : Amout 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.