Clarification of Shares Disposition Of Managing Director

BackMay 10, 2005

Attention      The President
                   The Stock Exchange of Thailand


With reference to the news reported in Krungthep Turakij
regarding the disposition of a total of 18 million TICON shares
by Mr. Wei Cheng Kuan (Managing Director) and his spouse,
the Company would like to announce that the said news is not true.

The fact is that Mr. Kuan transferred only 9 million shares to his wife.



Yours faithfully

(Ms. Lalitphant Phiriyaphant)
Company Secretary