SET Announcements

LOXLEY PUBLIC COMPANY LIMITED AND SUBSIDIARIES THE REPORT OF NET LIABILITIES OUTSTANDING IN THE FOREIGN CURRENCIES AS AT SEPTEMBER 30, 1998 AND GAIN (LOSS) ON EXCHANGE RATES FOR THE PERIOD JULY 2, 1997 TO SEPTEMBER 30, 1998 AND AUDITORS REPORT AUDITORS REPORT The Board of Directors Loxley Public Company Limited We have reviewed the report of net liabilities outstanding in th e foreign currencies as at September 30, 1998 and gain (loss) on exchange rates of Loxley Public Company Limited and subsidiaries for the period July 2, 1997 to September 30, 1998 to be in accord ance with the books and accounting records of Loxley Public Compa ny Limited and subsidiaries . This report is issued solely for submission to the Stock Exchang e of Thailand and should not be used for any other purposes. VICHIEN THAMTRAKUL C.P.A. (THAILAND) Registration No. 3183 November 16, 1998 LOXLEY PUBLIC COMPANY LIMITIED AND SUBSIDIARIES 1. The detail of gain (loss) on exchange rates for the period Jul y 2, 1997 to September 30, 1998 are as follows: Consolidated In Thousand Baht Ended September 30, 1998 Period July 2, 1997 Three-month period Nine-month period to September 30, 1998 Gain (loss) on exchange rates - Realized (25,121) (140,358) (231,624) - Unrealized 696,864 1,828,736 (3,002,498) Total 671,743 1,688,378 (3,234,122) The Company In Thousand Baht Ended September 30, 1998 Period July 2, 1997 Three-month period Nine-month period to September 30, 1998 Gain (loss) on exchange rates - Realized (27,694) (145,453) (190,946) - Unrealized 696,864 1,828,736 (3,002,498) Total 669,170 1,683,283 (3,193,444) 2. The Company and subsidiaries recorded foreign currencies trans actions into Baht based on the exchange rates prevailing at the t ransaction dates. Balances of assets and liabilities denominated in foreign currency at the balance sheet dates are translated in to Baht at the prevailing exchange rates as of those dates or at the forward rates for those covered by forward exchange contracts . Gains or losses from the translation are credited to or charge d against current operations. 3. The due dates of outstanding liabilities and assets denominate d in foreign currencies as of September 30, 1998 are as follows: - 2 - Liabilited due within 1998 In thousand Consolidated Financial Statements The Company Financial Statements Interest Interest Foreign Exchange Rate Foreign Exchange Rate Currency Currency Rate Baht (%) Due Date Currency Rate Baht (%) Due Date YEN 900,000 0.292899 263,609 1.961% Oct 30, 98 900,000 0.292899 263,609 1.961% Oct 30, 98 YEN 300,000 0.292899 87,870 2.25% Dec 18, 98 300,000 0.292899 87,870 2.25% Dec 18, 98 Total 351,479 351,479 Liabilities due after 1998 In thousand Euro-Convertible Bonds Consolidated Financial Statements The Company Financial Statements Interest Interest Foreign Exchange Rate Foreign Exchange Rate Currency Currency Rate Baht (%) Due Date Currency Rate Baht (%) Due Date U.S $ 105,000 39.4737 4,144,739 2.78% Apr 4, 2001 105,000 39.4737 4,144,739 2.78% Apr 4, 2001 U.S $ 100,000 39.4737 3,947,370 3.89% Apr 20, 2005 100,000 39.4737 3,947,370 3.89% Apr 20, 2005 Total 8,092,109 8,092,109 Provision for bonds redemption In thousand Consolidated Financial Statements The Company Financial Statements Interest Interest Foreign Exchange Rate Foreign Exchange Rate Currency Currency Rate Baht (%) Due Date Currency Rate Baht (%) Due Date U.S $ 17,112 39.4737 675,474 - Apr 20, 2000 17,112 39.4737 675,474 - Apr 20, 2000 U.S $ 11,394 39.4737 449,769 - Apr 4, 2001 11,394 39.4737 449,769 - Apr 4, 2001 Total 1,125,243 1,125,243 Assets Loans due within 1998 In thousand Consolidated Financial Statements The Company Financial Statements Interest Interest Foreign Exchange Rate Foreign Exchange Rate Currency Currency Rate Baht (%) Due Date Currency Rate Baht (%) Due Date Peso 103,996 0.8802 91,537 15.00% Dec 31, 98 103,996 0.8802 91,537 15.00% Dec 31, 98 Total 91,537 91,537 Assets Loans - At call In thousand Consolidated Financial Statements The Company Financial Statements Interest Interest Foreign Exchange Rate Foreign Exchange Rate Currency Currency Rate Baht (%) Due Date Currency Rate Baht (%) Due Date U.S. $ - - - - - 160 39.0921 6,271 12.00% At call Total - 6,271