August 14, 2002 The President The Stock Exchange of Thailand Dear Sirs, Clarification of Operating Results for 2/2002 In the Second Quarter of 2002, the operating profit as reviewed by our certified public accountant for Haad Thip Public Company Limited was Baht 23.89 million an increase of Baht 4.24 million or 21.54% We would like to explain the reasons for the over 20% improvement of net profit of the Second Quarter of 2002 as compared to the same period of 2001 as follows : 1. Effective marketing strategy that resulted in an increase in sales volume of 5.64%, and increase in sale revenue of Baht 27.46 million or7.25% 2. Coat savings in some packaging materials. Yours faithfully, For Haad Thip PLC. (Ms.Osarit Amartayakul) (Mrs.Pariya Chirabandhu) Director Director Office of Managing Director Tel. (02) 392-9984-5 Ext.108