Clarification of the Operating Result Change Excess 20%

14 November 2008
Tor 17/2551 November 14, 2008 Subject: Submission the Interim Financial Statements for the nine-month period ended September 30, 2008 To: President The Stock Exchange of Thailand Attachment: The Company and consolidated financial statement for the nine-month period ended September 30, 2008 Loxley Public Company Limited ("the Company") would like to submit its interim financial statements for the nine-month period ended September 30, 2008. The Company has an operating result changed more than 20% compared to the same period at previous year. From the consolidated financial statements, the Company has net profit in the amount of Baht 453 million. However, during the nine-month period,TT&T Public Company Limited filed the rehabilitation petition to the Central Bankruptcy Court and the Court ordered the rehabilitation as of November 7, 2008. Nevertheless, the rehabilitation petition plan is not yet completed. Therefore, the Company decided to reserve the impairment of investment and recognized the impairment loss for the amount of Baht 1,996 million from the investment in TT&T Public Company Limited. The mentioned amount is the accumulated amount from changing fair value recorded in shareholders' equity. It was reversed to impairment loss in the income statement for this period. Finally, the Company recorded net loss Baht (1,543) million. Please be informed accordingly. Sincerely yours, Loxley Public Company Limited (Mr. Pichai Mooputtarak) Secretary of the Board of Directors