SET Announcements

Acquisition and disposition of assets Tor 18/2554 14 November 2011 Subject: Notification of a New Subsidiary in the People's Republic of China To: The 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. 8/2554 held on 14 November 2011. The resolution is to establish a new subsidiary as the following details: New Subsidiary Name: Loxley Intertrade (Guangzhou) Co., Ltd. Transaction Date: January 2012 Country: Guangzhou, Guangdong, the People's Republic of China Registered Capital: Yuan 1 million (approximately Baht 5 million) Objectives: To operate trading business and investment Structure of Shareholding: Loxley Public Co., Ltd. holds 100% of the registered shares. List of Directors: 1. Mr. Suraphand Bhasitnirandr 2. Mr. Chalermchoke Lamsam 3. Mr. Nattapon Dejvitak Source of Funding: Working capital of the Company Advantages Expected: 1. Profit from the operation 2. Being the center in coordination and business channel between the parent company and business groups in the People's Republic of China Size of the Transaction: Criteria to calculate size of the transaction is the total value of the consideration equal to 0.044% (the Interim Financial Statements for the nine-month period ended 30 September 2011). 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 ______________________________________________________________________