SET Announcements

Acquisition and disposition of assets Tor 6/2554 5 April 2011 Subject Notification of a New Subsidiary To President The Stock Exchange of Thailand Loxley Public Company Limited ("the Company") would like to report on the resolution made at the Board of Directors Meeting No. 3/2554 held on 5 April 2011. The resolution is to establish a new subsidiary as the following details: New Subsidiary Name: Loxley Mobile Company Limited Transaction Date: April 2011 Registered Capital: Baht 20 million divided into 200,000 ordinary shares. The par value per share is Baht 100.00 Objective: To operate the MVNO 3G business Structure of Shareholding: Loxley Public Co., Ltd. holds 99.99% of the registered shares. List of Directors: 1. Mr. Vasant Chatikavanij 4. Mr. Tim Tak Timmothy Wong 2. Mr. Suroj Lamsam 5. Mrs. Suganya Veerakiatkij 3. Lt. Chalermchoke Lamsam 6. Mrs. Wanida Sangkaew Source of Funding: Working capital of the Company Advantages Expected: Profit from the operation Size of the Transaction: Criteria to calculate size of the transaction is the total value of the consideration equal to 0.20% (yearly financial statements ended 31 December 2010) Such transaction is subject to neither the connected transaction nor significant size of the acquisition and disposal of assets pursuant to the notifications of the Capital Market Supervisory Board and the Stock Exchange of Thailand. Please be informed accordingly. Sincerely yours, Loxley Public Company Limited (Mr. Pichai Mooputtarak) Company Secretary ______________________________________________________________________