SET Announcements

Ref: CK-02-0000-AFD-L-435 August 14, 2002 Attention : President The Stock Exchange of Thailand Subject : Declaration of the operating result of the six-month ended June 30, 2002, compared with the six-month period ended June 30, 2001 CH.Karnchang Plc., its subsidiaries and joint ventures announces the second quarter and first half-year results ended June 30, 2002 that net profit was decreased 178.6% and 94.7% compared with the previous period, respectively due to the following factors: 1. During the second quarter, the company recorded increased loss from foreign exchange and decreased project management income. 2. During the first half, the revenue from construction service in foreign currency of a joint venture is decreased and there is no reversal of provision for doubtful debts. For your consideration. Sincerely yours, (Mr.Plew Trivisvavet) (Mr.Narong Sangsuriya) Directors