| Attention The President The Stock Exchange of Thailand TICON Industrial Connection Public Co., Ltd.("the Company") announced the reviewed financial statements for the quarter ended March 31, 2005 to the Stock Exchange of Thailand ("SET") on May 12, 2005. The performance of the Company and its Subsidiary for the said period as compared with the same period last year was as follows: (Unit : Million Baht) Q1 - 2005 Q1 - 2004 Change Rental and services income 160.85 115.83 + 38.87 Sales 51.96 89.77 - 42.12 Net income 89.76 71.94 24.78 Earnings of the Company and its Subsidiary for the three-month period ended March 31, 2005 increased by Baht 17.82 million, or 24.78 percent, from those of the same period of 2004. The main reason is that the Company and its Subsidiary's main business has grown continuously. Leased factories increased from 114 units at the end of Q1/2004 to 156 units at the end of Q1/2005 which resulted in a rising in Rental and service income of Baht 45.02 million, accounting for 38.87 percent increase from the same period of 2004. As at Q1/2005, the Company and its Subsidiary had factories in the portfolio as compared with the years before as follows : Units : No. of Factories End 2002 End 2003 End 2004 31/3/2005 Leased 86 102 140 156 Pre-leased 9 17 14 11 Available 7 8 13 16 Development Pipeline 31 58 63 69 TOTAL 133 185 230 252 Occupancy 93% 94% 92% 91% Please be informed accordingly Sincerely yours (Miss Lalitphant Phiriyaphant) Secretary to the Board of Directors |