SET Announcements

Tor.9/2550 May 15, 2007 Subject: Submission the Interim Financial Statements for the three-month period ended March 31, 2007 To: President The Stock Exchange of Thailand Attachment: The Company and consolidated financial statement for the three-month period ended March 31, 2007 Loxley Public Company Limited ("the Company") would like to submit its interim financial statements and review report of certified public accountant for the three-month period ended March 31, 2007. From consolidated financial statements, the Company has net profit in the amount of Baht 108 million. The Company has an operating result changed more than 20% compared to the same period at previous year mainly caused by increasing in net profit from separate financial statements in the amount of Baht 45 million derived from increasing in revenue and dividend from subsidiaries and associated companies. Furthermore, the Company recognized shares of profits from investments in associated accounted for using equity method approximately Baht 21.59 million. Starting from January 1, 2007, the Company changed its accounting policy for recording investments in subsidiaries and associated companies in the Company financial statement from equity method to cost method accordance with the Announcement of the Federation of Accounting Professions No.26/2549 regarding to the Thai Accounting Standard No.44 "Consolidated Financial Statements and Accounting for Investments in Subsidiaries" which amend to record the investment in subsidiaries and associated from the equity method to cost method. The change in accounting policy has been applied retrospectively and the Company's 2006 financial statements, which are included in the Company's 2007 interim financial statements for comparative purposes, have been restated accordingly. This change effected to decrease in the Company's net profit for the three-month period ended March 31, 2007 and 2006 in the amount of Baht 69.7 million (Baht 0.03 per share) and Baht 6.60 million (Baht 0.001 per share), respectively. The cumulative effect of the change in accounting policy has been presented in the Statements of Changes in Shareholders'Equity. This changing in accounting policy has affected only the accounts which related to the investments in subsidiaries and associated company in the Company's financial statements, not in the consolidated financial statements. Please be informed accordingly. Sincerely yours, Loxley Public Company Limited (Mr. Pichai Mooputtarak) Secretary of Board of Director