ADDITIONAL OPINION GIVEN BY INDEPENDINGLY.

Ref. TP-MT/029/43(FC026/43) 25 February 2000 Subject: Additional Opinion Given by Independent Financial Advisor Attention: Managing Director, SET Reference: Information Disclosed on Cross-related Transaction Entering with Parent Company Referring to Thantawan Industry Public Co., Ltd. (THIP) had sent SET a letter no. TP- MT/026/43(FC023/43) dated 23 February 2000 on subject of additional notification of rationale in land plots dealing price quotation as details elaborated accordingly. And later SET had requested THIP for notifying further on opinion given by Thai Sakura Finance and Securities Co., Ltd., the Independent Financial Advisor in which previously THIP had reported that "On consideration of suitability and reasonable dealing price of the transaction, the Independent Financial Advisor had also issued the positive support opinion in the case." In this matter THIP is pleased to further report that THIP reported SET according to Thai Sakura Finance and Securities Co., Ltd. quoting in page 14 item 2) On consideration of fair reasonable dealing price which said "By comparative consideration of the transaction dealing price with land plots appraisal prices reported by the 2 Independent Price Appraisers had found that this dealing price was higher than average appraisal prices by 10.56% but was still in the price range appraised by these 2 Independent Price Appraisers. And if compared with average appraisal prices in the past 1997