REPORT ON THE CONVERSION OF US$100,000,000 DUE 2005

11 October 2000
Tor.26/2000 October 10, 2000 RE : Report on the conversion of US$100,000,000 3.5% Convertible Bonds due 2005 Dear President The Stock Exchange of Thailand Loxley Public Company Limited ("the Company") would like to report on the conversion of US$100,000,000 3.5% Convertible Bonds due 2005, convertible into shares of the Company from, and including, 20th July, 1995 up to, and including, 20th March, 2005. Bondholders may submit a Conversion Notice at any time during the conversion period but the conversion date for any Conversion Notice submitted during the calendar month will be the last business day in Bangkok of that calendar month. Please be advised that the Company have not had any conversions for the above bonds for the month of September 2000. Sincerely yours, Loxley Public Company Limited (Ms. Suganya Veerakiatkij) Senior Vice President Accounting & Budgeting Dept.