Additional Clarification on Operating Result for the Q3

THIP-SET/050/2549 November 14th, 2006 Subject : Additional Clarification on Operating Result for the 3rd Quarter of 2006 Attention : Director and Manager, SET Thantawan Industry Public Co., Ltd. (THIP) is pleased to clarify the additional clarification on operating results of Q3/2006 at September 30, 2006. The Company's net profit for the 3rd Quarter of 2006 was 19.05 million baht while at the same period in 2005 was 79.23 million baht, decreased 60.18 million baht or 75.96%, caused as follows: 1. Other revenue in 2005 was generated by the transferring of 40.00 million baht doubtful debt from paying back of loan by Holding Company. 2. Appreciation of Thai baht to US dollar on the average at 39.84 baht/US$ of 2005 to 38.14 baht/US$ of 2006 caused Sales and Profit to be decreased, and also loss on foreign exchange 3.68 million baht on 2006. 3. Cost of Sales for the 3rd Quarter of 2006 was 3.24% higher than the same period in 2005 caused by price of raw material increased 20% and minimum wage also increased 5% Please be informed accordingly. Very truly yours, (Mrs.Pojanard Prinyapatpakorn)(Mr. Huang Kuan-Chiun) Authorized Director