SET Announcements

= TRANSLATION = Ref: CK-04-0000-PO-L-0261 4 October , 2004 Subject Signing the Construction Contract Attention President The Stock Exchange of Thailand Since CH. Karnchang Public Company Limited has been granted for the Construction Contract with Bangkok Express Public Company Limited as to perform the works for the Prachacheun U-Channel Flyover down to Ratchadapisek Road (In-Bound) (Prachacheun 2 Expansion) Project. As such agreement is a normal business in conformity with the ordinary business conditions whereby the Company had ever entered into an agreement with the other companies as its details are the followings : Signing Date 1 October , 2004 All cost of agreement Baht 98,000,000.00 (VAT excluded) (Ninety Eight Million Baht only) Completion period 10 months (approximately) For your information. Sincerely yours, (Mr. Anukool Tuntimas) Executive Vice President Human Resource and General Administration