Use of proceeds from offering of preferred shares

BackJul 07, 2006

Ref:      LT.F 236/2006


July 6, 2006


Subject      Use of proceeds from offering of preferred shares to Thailand
          Equity Fund
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,
2006 as follows:




Descriptions  Intended utilization  Actual utilization  Expected payment
            (Million Baht)           ended June 30,2006   period
                       (Million Baht)       (Estimate)


The project in Amata City      180      180      2004 to 2006
The project in Amata Nakorn       280      280      2004 to 2005
      Total                  460      460


Please be informed accordingly.


Yours faithfully,
(Miss Lalitphant Phiriyaphant)
Head of Finance