Use of proceeds from the exercise of TICON-W1

BackJan 24, 2006

Ref. No.   LT.F 030/2006

January 24, 2006

Subject      :Use of proceeds from the exercise of TICON-W1 Warrants
To      :The President
       The Stock Exchange of Thailand

During the second half of 2005,TICON Industrial Connection Public Co., Ltd.
("the Company") has received proceeds from the exercise of TICON-W1
of Baht 65,462. The Company would like to announce that the entire
proceeds has been used as the Company's working capital.

Please be informed.

Yours faithfully,

(Miss Lalitphant Phiriyaphant)
Head of Finance