SET Announcements

Tor.19/2550 November 13, 2007 Subject: Notification of Minutes of the Company's Board of Director's Meeting No.8/2550 To: President The Stock Exchange of Thailand Loxley Public Company Limited ("the Company") would like to report on the resolutions made at the Board of Directors meeting No.8/2550 held on November 13, 2007. The details of the resolutions are as follows: 1. To approve the Interim Financial Statements for the nine-month period ended September 30, 2007 which were reviewed by the Company's auditors. 2 . To approve the disposal of investment in Lao Soft Drink Company Limited, the associated company, as the below details: Transaction Date : within November 2007 Parties Involved Buyer : Carlsberg Breweries A/S Seller : Loxley Public Company Limited Relationship : -None- Description of Transaction : The Company disposed its entire holdings in Lao Soft Drink Company Limited, the associated company, which the Company held 30% of the ordinary share Nevertheless, such transaction is not subject to the disclosure as per the Notification of the Stock Exchange of Thailand Re: Rules, Procedures and Disclosure of Information concerning the connected Transaction of Listed Companies. Details of Sale Assets Company : Lao Soft Drink Co., Ltd. Business : manufacture and sale of soft drink in Lao People's Democratic Republic Registered and Paid-up Capital : USD 3,400,000 divided into 340,000 ordinary shares The Par value per share is USD 10.00 Sale Shares : 102,000 shares, representing 30% of the Company registered capital Percentage Shares before the Transaction: 1. Loxley Public Company Limited held 30% of the registered shares, 102,000 shares 2. Mr. Viphet Sihachakr held 30% of the registered shares, 102,000 shares 3. Lao People's Democratic Republic held 30% of the registered shares, 102,000 shares 4. Serm Suk Public Company Limited held 10% of the registered shares, 34,000 shares Percentage Shares after the Transaction: -None- Directors before the Transaction: 1. Mrs. Viengthong Siphandone 2. Mr. Suebtrakul Soonthornthum 3. Mr. Dhongchai Lamsam 4. Mr. Somchai Bulsook 5. Mr. Sompop Chareonkul 6. Mr. Viphet Sihachakr 7. Mr. Kissana Vongsay 8. Mr. Sounthone Phommachack 9. Mr. Soutchay Sisouvong 10. Mr. Sounthone Sirisack Sale Value : USD 3,620,415 or Baht 122,768,272.65 Objective : To increase the liquidity of the Company Size of the Transaction : Criteria to calculate size of the transaction is Net Profit equal to 3.35% (the Interim Financial Statements for the nine-month period ended September 30, 2007). Nevertheless, such transaction is not subject to the disclosure as per the Notification of the Stock Exchange of Thailand Re: Rules, Procedures and Disclosure regarding the acquisition and disposal of assets of listed companies. Advantages Expected : Profit from the disposal of investment Expenditure Plan from the Disposal of Investment: To be working capital of the Company Opinion of the Board of Directors regarding the Transaction: The Board of Directors considered that the transaction was reasonable and enhanced the capability of the Company. Opinion of the audit committee and/or directors which differ from the opinion of the Board of Directors : -None- Please be informed accordingly. Sincerely yours, Loxley Public Company Limited (Mr. Pichai Mooputtarak) Secretary of Board of Director