SET Announcements

CK-01-0000-AFD-L-460 November 7, 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 for unrealized foreign exchange losses of CH. Karnchang Public Company Limited caused by the unexpected flotation of the Thai Baht for the third quarter ended September 30, 2001 which was reviewed by Ernst & Young Office Limited. For your consideration and approval. Sincerely yours, (Mr.Plew 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 September 30, 2001 YEN 3,143,579,600 - USD 13,325,500 400,000 DM 8,582,983 - (Unit : Baht) Loss on foreign exchange Unrealized 766,325,359 7,432,280 Realized 71,702,097 47,827,869 Accounting policy As at September 30, 2001, the Group has liabilities, in long-term loan and short-term loan in the amount of Japaniss Yen 3,143.58 million, United States Dollars13.33 million, and Germany DM 8.58 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 766.33 million resulting from the decline of the Thai Baht value. Loan repayment period Year 2001: Amount Yen 3,143.58 million DM 13.33 million USD 8.58 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.