SET Announcements

Tor.10/2549 May 10, 2006 Subject: The disposal of investment in the subsidiary To: President The Stock Exchange of Thailand Loxley Public Company Limited ("the Company") received the resolution from the Board of Directors of Loxbit Public Company Limited and Point Asia Dot Com (Thailand) Ltd which are the subsidiaries of the company to sell the investment in Space Imaging Southeast Asia Company Limited details are as follow: Transaction Date: 9 May 2006 Related Parties Buyer : 1. Mrs. Duangkamol Nualkhair 2. Mr. Samard Doungwichitrkul Seller : 1. Loxbit Public Company Limited 2. Point Asia Dot Com (Thailand) Ltd. Relationship : -None- Overall Transaction : Loxbit Public Company Limited and Point Asia Dot Com (Thailand) Ltd. sell the common shares of Space Imaging Southeast Asia Company Limited. This transaction is not considered as the related transaction according to the announcement of Securities and Exchange Commission of Thailand, in the terms of rules, procedures, and disclosure of related transaction of Listed Company Limited Details of Asset Sold Company Name : Space Imaging Southeast Asia Company Limited Business Type : Satellite imagery production services Registered Capital and : Baht 149,478,900 divided into paid-up Capital 1,494,789 shares at par value baht 100 Number of selling shares: 1,494,789 shares or the portion of 100% Proportion of Shareholding : 1. Loxbit Public Company Limited before Transaction holds 75.197% of registered capital (1,124,030 shares) 2. Point Asia Dot Com (Thailand) Ltd. holds 24.803% of registered capital (370,759 shares) Proportion of Shareholding : 1. Mrs. Duangkamol Nualkhair holds after Transaction 90% of registered capital (1,345,311 shares) 2. Mr. Samard Doungwichitrkul holds 10% of registered capital (149,478 shares) Director Names : 1. Mr. Vasant Chatikavanij before Transaction 2. Mrs. Vilaiwan Buranasilpin 3. Mr. Tim Tak Timothy Wong 4. Ms. Supree Wanapun 5. Mrs. Vongthip Chumpani Shareholders name before: 1. Loxbit Public Company Limited holds Transaction 75.197% 2. Point Asia Dot Com (Thailand) Ltd. Holds 24.803% Shareholders name after : 1.Mrs. Duangkamol Nualkhair holds 90% Transaction 2. Mr. Samard Doungwichitrkul holds 10% Selling Price Value : Baht 2,000,000 Objective of Investment Sold : The operating result is retained deficit in the amount of Baht 173,000,000 and probably need to increase the capital. There is uncertainty to work on the high potential projects. If the Company continues to invest, the retained deficit may possibly effect to the aggregate profit and increase in expenses of the Company. Therefore, it is necessary to discontinue this investment which is not generate income to the Company. Size of Transaction : 14.81% based on net profit (the Financial Statement as at December 31, 2005), the transaction is not considered as the related transaction. Please be informed accordingly. Yours sincerely, Loxley Public Company Limited (Mr.Pichai Mooputtarak) Secretary of Board of Director