SET Announcements

Ref: CK-03-0000-AFD-L-0162 February 28, 2003 Attention : President The Stock Exchange of Thailand Subject : Declaration of the Operating Result of the Year Ended December 31, 2002, compared with the year ended December 31, 2001 The operating result of CH.Karnchang Public Company Limited, Subsidiaries and Joint Venture for the year ended December 31, 2002. Its profit decreased 106.8% respectively, compared with the previous period due to the following factors. 1) In the year 2001, the company recorded revenue from claims for additional construction costs in a joint venture. 2) The company recorded increased loss from foreign exchange and did not record reversal of provision for doubtful debts and for loss on construction work For your consideration. Sincerely yours, (Mr. Plew Trivisvavet) (Mrs.Saikasem Trivisvavet) Directors