Adjustment of Exercise Ratio and Exercise Price of TICON-W5

Ref. No. LT.F 081/2010

May 4, 2010

Subject: Adjustment of Exercise Ratio and Exercise Price of TICON-W5

Attention: The President The Stock Exchange of Thailand

TICON's 2010 Annual Ordinary General Meeting of Shareholders held on April 23, 2010 has approved an allotment of the Company's profit for dividend payment of Baht 0.80 per share. The total dividend payment made up altogether 82.31 percent of the Company's 2009 net profit.

The dividend payment, being more than 70 percent of the net profit, will result in an adjustment of exercise ratio and exercise price of TICON-W5 (according to Item 4.1 (e), of Terms and Conditions of the issuer and warrant holders of the ESOP warrant allocated to selected directors and employees in 2009) from "1 warrant has the right to purchase 1 shares at a price of Baht 8 per share" to "1 warrant has the right to purchase 1.01164 shares at a price of Baht 7.908 per share". The said adjustment will be effective from the 1st exercise date, on June 29, 2012, onwards.

Please be informed accordingly.

Yours faithfully,

(Miss Lalitphant Phiriyaphant)
Company Secretary

Finance Department
Telephone number : 02-679-6565
Facsimile number : 02-287-3153

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