ข่าวแจ้งตลาดหลักทรัพย์

Sor kor. 0277/50 May 15,2007 Subject : Report on the effect of change in accounting for investments To : Director and Manager of the Stock Exchange of Thailand Sikarin Public Company Limited would like to report on the effect of the change in accounting for investments in subsidiaries as follows: For the quarter ended March 31, 2007, the Company has changed the accounting policy for investments in associates from the equity method to the cost method which are stated at cost after the provision for impairment of investments in the separate financial statements, in accordance with the Federation of Accounting Professions' announcement No. 26/2006 regarding the accounting practice for Accounting Standard No. 44 : Consolidated Financial Statements and Accounting for Investments in subsidiaries dated October 11, 2006. The Company has not retroactively adjusted the separate financial statements in the previous year taken for comparison, because such change has no effect on the financial statements of year 2006. The Company additionally presented the "financial statements in which the equity method is applied" in order to conform with the new revised accounting standard. Such change, however, was the change in accounting policy only and did not cause any change in business fundamentals. Please notify the shareholders and investors as deemed necessary Sincerely yours, (Mr.Sompol Wongurai) Executive Director