SET Announcements

Tor. 27/2544 14 November 2001 Subject: Disposal of Assets To: President The Stock Exchange of Thailand Loxley Public Company Limited (the "Company") would like to announce that the board of directors' meeting dated 14 November 2001 passed the resolution concerning the disposal of assets as following: 1. Its 5,000 common shares of Erricson Thai Network Company Limited to Erricson (Thailand) Company Limited which has no connected transaction with the Company in the amount of Baht 1,825,000.00. The transaction's size according to the total consideration ratio is equal to 0.02%. After due consideration, investors of Erricson Thai Network Co., Ltd. concluded that the company had given its best economic value and decided to cease its operation. Other investor, Erricson (Thailand) Co., Ltd. is interested to acquire the company. Therefore, the meeting passed the resolution to dispose the company. 2. Its 12,650,000 common shares of Loxley Pagephone Company Limited to PKSN (Thailand) Company Limited which has no connected transaction with the Company in the amount of Baht 113 million. The transaction's size according to the total consideration ratio is equal to 1.0%. Aforementioned the above, those investments had given its best economic value and return on investment, the meeting, therefore, passed the resolution to dispose those investments. Sincerely yours, Loxley Public Company Limited (Mrs.Suganya Veerakiatkij) Senior Vice President Accounting and Budgeting Dept.