SET Announcements

Tor. 7/2542 March 2, 1999 Subject:Submission Loxley Public Company Limited's Financial Statement Dear President The Stock Exchange of Thailand Attachment: 1. Financial statement and consolidated financial statement as at December 31, 1998. Loxley Public Company Limited ("the Company") announces its audited financial statement and consolidated financial statement for the year ended December 31, 1998. The summary is as following: Financial Statement for the year ended December 31, 1998 (Baht Million) Unconsolidated 1998 1997 % Revenue 4,403.46 4,987.35 (11.70%) Net Profit/(Loss) 1,309.80 (4,010.08) 132.66% Consolidated Revenue 9,241.91 10,558.07 (12.46%) Net Profit/(Loss) 1,264.14 (4,056.63) 131.16% The Company has a net profit result changed more than 20% than the same period last year due to the loss from the exchange rate amount of Baht 3,277.22 million but, in 1998 there is a gain from the exchange rate amount Baht 2,241.77 million Sincerely Yours, Loxley Public Company Limited (Mr.Suraphand Bhasitnirandr) Director