SET Announcements

Tor 5/2547 April 27, 2004 Subject: The investment in subsidiary To: President The Stock Exchange of Thailand Loxley Public Company Limited (the, "Company") would like to report on the investment in a subsidiary company details as following: 1. Name : Mobile Innovation Company Limited 2. Nature of Business : To lease, rent, and sale of the wireless data solution and services for real-time tracking 3. Registered Capital : Baht 84.0 million 4. Proportion of Holding: Loxley Public Company Limited - 60% NTT DoCoMo, Inc. - 40% 5. Investment Capital : Working capital in the amount of Baht 32 million for the start up phrase 6. Expected Benefit : Dividend and business growth continuously 7. Transaction Size : Under the SET's Assets Regulation clause 3, total of assets, the calculation is equal to 0.75% (Not a related transaction under the SET's Regulation) Please be informed accordingly, Sincerely yours, Loxley Public Company Limited Mr. Pichai Mooputtarak Secretary of Board of Director