REPORT ON EURO CONVERTIBLE BONDS (ECD1 AND ECD 2)

13 ตุลาคม 2543
No.Tor.28/2000 October 12, 2000 Re: Report on the Result of the Meeting on the Debt Restructuring Plan of the Euro Convertible Bonds (ECD 1 and ECD 2) To: President The Stock Exchange of Thailand Ref: 1. Euro Convertible Bonds Coupon Rate: 3.5% ECD 1 2. Euro Convertible Bonds Coupon Rate: 2.5% ECD 2 3. The Company's letter dated October 9, 2000 The Company hereby reports the result of the meeting on the Debt Restructuring Plan with the creditors of ECD 1 and ECD 2 which was held today and can be summarized as follows: Meeting on ECD 1The creditors attended the meeting in person and by proxy, therefore a quorum was formed. The Meeting unanimously resolved to approve the Debt Restructuring Plan which was informed pursuant to the reference 3. The meetings of the Company's Board of Directors and shareholders will be scheduled after the consideration of the plan by ECD 2 holders' meeting and will be held according to time period required by law. Meeting on ECD 2 The meeting was adjourned because there was not a quorum due to certain delays in transmission of meeting notices and proxy appointments by the clearing system. However, an informal vote of Bondholders represented at or who had advised the Company that they wished to attend the meeting indicated a unanimous level of support for the Company's proposals. Accordingly, the Company has reason to believe that when the meeting is reconvened in Bangkok on 26 October 2000 its restructuring proposals will also be approved by the ECD 2 Bondholders so enabling it to proceed with the implementation of its Debt Restructuring Plan. Please be informed accordingly. Yours sincerely Loxley Public Company Limited (Ms. Suganya Veerakiatkij) Senior Vice President Accounting & Budgeting Dept.