20 October 2003

Already to purchase back convertible debenture from debtors

October 17th, 2003 Subject : Notification of Exercising the Right to Purchase Back Convertible Debenture from the Group of Debtors To : The President, The Stock Exchange of Thailand (SET). On October 17th, 2003, The Union Mosaic Industry Plc. have already exercise the right to purchase back convertible debenture from Thai Asset Management Corporation and TISCO Finance Plc. Amount 57,896 shares and 6,104 shares accordingly. And the price of purchase is 1,000.00 Baht each plus accrued interest counted from the date of issuing debenture to the date that the Company purchase back and plus return benefit in price 250.00 Baht each. This will be according to the condition that is specified in Debt Restructuring Contract between Thai Asset Management Corporation and TISCO Finance Plc. with the Union Mosaic Industry Plc. Please be informed accordingly. Yours sincerely, Miss Paweena Laowiwatwong President The Union Mosaic Industry Public Company Ltd.