13th November, 2006. The President The Stock Exchange of Thailand Dear Sir, Clarification on Operating Result for the Third Quarter of 2006 The Company's operating results for the third quarter of 2006, which has been reviewed by external auditors, showed a net profit of 18.48THB million, an increase of 35.97THB million or 205.63% from the same period of last year. The improvement in net profit was due to the following reasons; 1. Net sales revenue increased by THB 69.73 million or 14.94%. This was mainly due to an increase in selling price during May 2006. This price increase mitigated to some degree the previous increases in raw materials cost as well as distribution cost, as a result of higher oil price. 2. A reduction in selling, general and administrative expenses (SG&A) by THB 30.83 million or 15.81%. This was due to management's on-going effort to reduce the operating costs. In addition, during the same period last year, the Company initiated a Voluntary Retirement Program which had resulted in a one-time expense of THB18.2 million. The above are the main reasons for the improvement in the Company's net profit in the third quarter of this year Yours faithfully, For Haad Thip Public Company Limited Sec. Lt. (Phairoch Rattakul) President & CEO Office of the Managing Director Tel. 0-2391-4488 Ext.103