| Attention The President The Stock Exchange of Thailand According to the offering of 50 million preferred shares to Thailand Equity Fund, at Baht 9.25 per share, on February 11, 2004, TICON received the proceeds of Baht 462.5 million. As stated in Capital Increase Report Form, the proceeds will be utilized by investing in the development of standard factories as follows: 1. 7 Factories located in Amata City Industrial Estate with investment amount of approximately Baht 180 million 2. 7 Factories located in Amata Nakorn Industrial Estate with investment amount of approximately Baht 280 million We would like to report the use of the proceeds for the period ended June 30, 2005 as follows: Descriptions Intended utilization Actual utilization Expected payment (Million Baht) ended June 30, 2005 period (Million Baht) (Estimate) The project in Amata City 180 123.223 2004 and 2005 The project in Amata Nakorn 280 280.000 2004 and 2005 Total 460 403.223 Please be informed accordingly. Yours faithfully, (Miss Lalitphant Phiriyaphant) Finance Manager |