ANNOUNCES A CONNECTED TRANSACTION

29 มีนาคม 2545
(Translation) No. Tor Hor. 013/2002 March 28, 2002 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. 3/2002 held on February 25, 2002 passed resolutions concerning a connected transaction of buying common shares. The details are as follows: 1. The date on which the transaction occurred : March 28, 2002 2. The parties involved Buyer : Thanulux Public Company Limited is the garment and leatherware business. Seller : Saha Pathana Inter-Holding Public Co., Ltd. is the holding company. 3. The general characteristics of the transaction : Acquistion of assets 4. The details of assets acquired : Securities - The company name: Sahacogen (Chonburi) Co., Ltd. - The nature of the business : Electric Current - Registered capital : Baht 820,000,000, classified into 82,000,000 shares, of value Baht 10 each - Paid-up capital : 82,000,000 shares - Number of securities acquired : 1,640,000 shares - Price per share (unit) : Baht 18.49 (B.V. at December 31, 2001 = Baht 10.92) - Proportion of securities holding before : 0% of registered capital - Proportion of securities holding after : 2% of registered capital 5. The total value of the consideration : Baht 30,317,000 The type of payment : Cash payment 6. The value of the assets acquired : 1,640,000 ordinary shares of Sahacogen (Chonburi) Co., Ltd., amounting to Baht 30,317,000 7. The objective to purchase and the : The company considered that Sahacogen benefit expected to receive (Chonburi) Co., Ltd. a power plant in Saha Group Industrial Park in-Sriracha which generate and distributes and distributes to EGAT and SPI which distributes to all companies in Saha Group Industrial Park in Sriracha. The expected benefit is dividend. 8. The sources of funds : Company's working capital 9. The details of the connected persons and of related persons : Names Position in the company % shares % shares held in held in TNL SPI - Mr. Boonsithi Chokwatana - President of Thanulux Public Company 3.88 0.97 Limited - Managing Director of Saha Pathana Inter-Holding Public Company Limited - Mr. Manu Leelanuwatana - Vice President of Thanulux Public Company 0.81 0.27 Limited - Director of Saha Pathana Inter-Holding Public Company Limited - Saha Pathana Inter-Holding Public Company Limited is the main shareholder of Thanulux Public Company Limited. 10. The volume of the transaction : 2.22%, not coming under stipulation on assets acquisition or disposal criteria for set listed companies Please kindly acknowledge the above matters. Faithfully Yours, Dusadee Soontrontumrong (Miss Dusadee Soontrontumrong) Director