SET Releases

(Translation) No. Tor Hor. 025/2000 July 12, 2000 Subject : Announces a connected transaction Attention : Director and General Manager of The Stock Exchange of Thailand Thanulux Public Company Limited would like announce that the board of director's meeting No. 7/2000 held on July 12, 2000 passed resolutions concerning a connected transaction of buying common shares. The details are as follows: 1. The date on which the transaction occurred : July 12, 2000 2. The parties involved Buyer : Thanulux Public Company Limited is the garment and leatherware business. Seller : Ramasorn Thaveekarn Co., Ltd. is the trading and holding company. 3. The general characteristics of the transaction : Acquistion of assets 4. The details of assets acquired : Securities 4.1 The company name : Wien Company Limited The nature of the business : Direct sales Registered capital : Baht 10,000,000.00 Paid-up capital : 100,000 shares Number of securities acquired : 2,400 shares Price per share (unit) : Baht 444.46 Proportion of securities holding before : 0% of registered capital Proportion of securities holding after : 2.4.% of registered capital 4.2 The company name : Pattaya Manufacturing Company Limited The nature of the business : Garment Registered capital : Baht 30,000,000.00 Paid-up capital : 3,000,000 shares Number of securities acquired : 10,000 shares Price per share (unit) : Baht 74.14 Proportion of securities holding before : 0% of registered capital Proportion of securities holding after : 0.33% of registered capital 4.3 The company name : Grand Star Industry Company Limited The nature of the business : Cloth Registered capital : Baht 20,000,000.00 Paid-up capital : 200,000 shares Number of securities acquired : 10,000 shares Price per share (unit) : Baht 349.17 Proportion of securities holding before : 7.50% of registered capital Proportion of securities holding after : 12.50% of registered capital 4.4 The company name : Sunrise Garment Company Limited The nature of the business : Garment Registered capital : Baht 10,000,000.00 Paid-up capital : 100,000 shares Number of securities acquired : 1,500 shares Price per share (unit) : Baht 353.81 Proportion of securities holding before : 3.50% of registered capital Proportion of securities holding after : 5.00% of registered capital 4.5 The company name : K. Commercial & Construction Company Limited The nature of the business : Construction Registered capital : Baht 100,000,000.00 Paid-up capital : 1,000,000 shares Number of securities acquired : 25,000 shares Price per share (unit) : Baht 267.77 Proportion of securities holding before : 0% of registered capital Proportion of securities holding after : 2.50% of registered capital 5. The total value of the consideration: Baht 12,524,769.00 The type of payment : Cash payment 6. The value of the assets acquired : Baht 12,524,769.00 7. The benefit expected to be received : Dividend benefit 8. The sources of funds : Cash flow from the company's operations 9. The details of the connected persons and of related persons : Names Position in the company % shares % shares held in held in TNL Ramasorn Thaveekarn Co., Ltd. - Mr. Boonsithi Chokwatana - President of Thanulux Public Company Limited 3.88 10.00 - President of Ramasorn Thaveekarn Co., Ltd. - Mrs. Varindr Leelanuwatana - Deputy Managing Director of Thanulux Public 0.81 10.00 Company Limited - Deputy Managing Director of Ramasorn Thaveekarn Co., Ltd. - Miss Dusadee Soontrontumrong - Executive Director of Thanulux Public Company 0.26 10.00 Limited - Executive Director of Ramasorn Thaveekarn Co., Ltd. - Ramasorn Thaveekarn Co., Ltd. is the main shareholder of Thanulux Public Company Limited. 10. The volume of the transaction : 1.30% Please kindly acknowledge the above matters. Faithfully Yours, (Miss Dusadee Soontrontumrong) Director