REPORT THE USED OF PROCEED FROM THE CAPITAL INCREASED

05 February 2002
Tor. 2/2545 February 4, 2002 Rubject:Report the Used of Proceed from the Capital Increased To: President The Stock Exchange of Thaialnd Loxley Public Company Limited (the "Company") would like to report that following the Company's increased of its registered capital from Baht 400 million to Baht 2,000 million by issuing 160 million new ordinary shares, the allocation of shares had been divided into 3 allotment as following: Allotment No. 1 Increased by issuing 65 million new ordinary shares Received Baht 568.75 million for sale to the Company's existing shareholders. Allotment No. 2 Increased by issuing 10 million new ordinary shares Received Baht 87.5 million for sale to the directors and employees of the Company. Allotment No. 3 Increased by issuing 85 million new ordinary shares for conversion of the ECDs. Total Baht 656.25 million The cash proceed from the capital increased, the Company has used funds as following details: 1. Debt repayment and interest expenses Baht 502.54 million 2. Retained for working capital Baht 98.24 million Remaining funds Baht 55.47 million Yours Sincerely, Loxley Public Company Limited (Mrs.Suganya Veerakiatkij) Senior Vice President Accounting and Budgeting Dept.