November 24, 1998 The President The Stock Exchange of Thailand 62 Ratchadapisek Road Klong Toey, Bangkok 10110 Dear Sir, PROGRESS REPORT ON THE Y2K COMPLIANT PROBLEMS Ref. our letter dated 1st September 1998 in which we submitted our first report 57 (Y2K) on the preparations for the year 2000 compliance as per the SET regulations, we now submit our progress report as follow : +-----------------------------+----------------------------------------+ | SYSTEM | CURRENT SITUATION | +-----------------------------+----------------------------------------+ | DS (DIRECT SALES) | Softwares modified and now on trials | +-----------------------------+----------------------------------------+ | VAT (VALUE ADDED TAX) | Softwares modified and now on trials | +-----------------------------+----------------------------------------+ | LK (LINK TO GL) | Softwares modified and now on trials | +-----------------------------+----------------------------------------+ | SPEED-GL (GENERAL LEDGER) | Year 2000 compliance, no modification | | | work necessary. | +-----------------------------+----------------------------------------+ ....2/ - 2 - Our team of programmers has undertaken to modify the above software programmes and the results of the trials of the modified versions are expected to be avilable in the 4th quater of 1998. Yours Faithfully, Sec.Lt. (Phairoch Rattakul) Managing Director PR/sb