SET Announcements

=Translation= Ref: CK-08-0000-PO-L-0057 May 20, 2008 Subject Signing the Construction Contract Attention President The Stock Exchange of Thailand CH. Karnchang Public Company Limited hereby informs the Stock Exchange of Thailand that the Company has signed the contracts of the projects as detailed below. 1. CONTRACT AGREEMENT STRUCTURAL, ARCHITECTURAL AND CIVIL WORKS FOR BUILDING PACKAGE #3 (Paper Machine Building) OF VINA KRAFT PAPER MILL PROJECT Employer: VINA KRAFT PAPER CO., LTD. Signing Date: March 28, 2008 The Value of Contract: Baht 126,000,000 (One Hundred Twenty Six Million Baht Only) Vat excluded Period: October 31, 2008 2. REMOVAL OF FORMER TAP WATER AND NEW TAP WATER REPLACEMENT AND RELATED WORKS AT BANG NA-TRAD (Km.19+020) AND TEPARAK ROAD (Km.18+650 to Km.19+180) INCLUDING THE CONSTRUCTION OF WATER DRAINAGE IN THE AREA OF SUVARNABHUMI AIRPORT OF ROYAL IRRIGATION DEPARTMENT Employer: METROPOLITAN WATERWORKS AUTHORITY Signing Date: May 14, 2008 The Value of Contract: Baht 44,280,000 (Forty Four Million Two Hundred Eighty Thousand Baht Only) Vat excluded Period: approximately 210 days since of the letter of commencing date of work. Kindly please be informed accordingly. Sincerely yours, =signature= (Dr. Anukool Tuntimas) Executive Vice President Human Resource and General Administration