REPORT ON RELATED TRANSACTION

TP-MT235/44(FC080/44) November 20, 2001 Subject: Report on Related Transaction. Attention: Managing Director, SET Reference: Your letter number Kor Tor.695/2544 dated November 26, 2001. Subject "Please be conducted according to regulations in related transaction." As Market Regulation Department, The Stock Exchange of Thailand had issued the captioned letter to Thantawan Industry Public Company Limited (THIP) to inform about an internal transaction according to the regulations of related transaction. In accordance with THIP's resolution of Executive Board of Directors' Meeting, no. 8/2001 on November 12, 2001., Concerning to approve and ratify the retrospective lending to Sunflower Co., Ltd., a major shareholder of THIP, with total loan amount at 23 million baht and will pay back within December 20th, 2001. By now, please be informed that we had received a letter from Sunflower Co.,Ltd. to inform that Sunflower Co., Ltd., is inconvenience to repay the said loan on December 20th, 2001 to THIP, and requested to extend the Promissory Note for One month, with interest rate 10% p.a.. During the extension period THIP will call for extraordinary shareholders meeting in order to get consent from shareholder as per regulation concerned. Please be informed accordingly. Very truly yours, - Signed - (Mr.Viroon Powlinjong) Managing Director