SET Announcements

Ref: CK-01-0000-AFD-L-459 November 7, 2001 Subject : Declaration of the operating result of the nine-month ended September 30, 2001, compared with the nine-month period ended September 30, 2000 Attention : President The Stock Exchange of Thailand The operating result of CH.Karnchang Public Company Limited, Subsidiaries and Joint Venture for the three-month period and nine-month periods ended September 30, 2001 presented profit increased 741% and 831%, respectively, compared with the previous period due to the following factors. 1) A Joint Venture has received compensation from the claim of increased fixed cost under the contract. 2) A Joint Venture has reversed the provision for doubtful debts as a revenue from payment and the Company has recorded an increased management income. For your consideration. Sincerely yours, (Mr.Plew Trivisvavet) (Mr.Narong Sangsuriya) Directors