15th May, 2009 The President The Stock Exchange of Thailand Dear Sir, Clarification on Operating Results for the First Quarter of 2009 The Company's operating results for the first quarter of 2009, which have been reviewed by external auditors, showed a Net Loss of THB 16.14 million, a decrease of THB 38.96 million, or a 170.73% decline versus the same period of prior year. This decrement in Net Profit was due to the following four reasons: 1. Net Sales Revenue decreased by THB 61.81 million or 9.36%, resulting in a decrease in sales volume which was affected by the economic crisis around the world, reflecting in the number of foreign tourists to Thailand, the declining of agricultural products prices and the unstable political situation also impacted negatively in the decline of consumer confidence and spending. 2. Cost of sale of goods decreased by THB 9.61 million or 1.94%. However it did not make up for the lower net sales revenue. As a result, the company's Gross Profit decreased by THB 52.20 million or 31.45% versus the same period of prior year. 3. Marketing support fund from Coca-Cola Thailand decreased by THB 8.24 million or 16.07%. 4. Selling expenses and Administrative expenses were lower by THB 18.29 million or 9.36%. This was management's effort to reduce operating costs. The above four key drivers accounted for the decrement in the Company's Net Profit in the first quarter of 2009. 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