SET Announcements

= Translation = (F53-5) The Report of Exercise of Warrants # 2 (CK-W1) Ch. Karnchang Public Company Limited Date 6 October 2004 1. Information regarding Exercise of warrants Type of securities Warrants (CK-W1) Number of offered 262,400,649 units Offered to Existing shareholders 209,900,649 units Offered to Directors and Employees 52,500,000 units Exercise Ratio & price 1 warrant for 1 ordinary share at the price of Baht 4.50 per share Subscription period 23-24, 27-29 September 2004 2. Results of the exercise of warrants (Existing shareholders) Number of persons 6 Persons Exercised Warrants 4,059,700 Warrants The allotted ordinary shares 4,059,700 Shares 3. Results of the exercise of warrants (Directors and Employees) Number of persons - None - 4. Details of the exercise of warrant Thai Investors Foreign investors Total Juristic Natural Juristic Natural Persons Persons Persons Persons Number of persons - 6 - - 6 Exercise Warrants - 4,059,700 - - 4,059,700 The allotted - 4,059,700 - - 4,059,700 Ordinary shares Percentage of total - 1.93 - - 1.93 Warrants offered 5. Amount of money received from the share sale Total amount 18,268,650 Baht Less expenses - Baht Net amount received 18,268,650 Baht The company hereby certifies that the information contained in this report is true and complete in all respects. Signed ____(signature)________ Authorized Director (_Mr. Plew Trivisvavet_) (The Authorized Position Managing Director Director who are authorized to sign on behalf of the company Signed ____(signature)________ Authorized Director with the company's ( Mr. Narong Sangsuriya ) seal affixed) Position Director____