14 พฤศจิกายน 2545

OPERATING RESULTS

November 14, 2002 Subject : Explanation of financial statement To : Secretary - General The Office of Securities and Exchange Commission, Thailand Attn. : Managing Director The Corporate Finance Department We, The Union Mosaic Industry Public Company Limited have sent you the company's financial Statement for the second quarter ended September 30,2002 that have been reviewed by the Certified Public Accountant. Our financial statement present net loss. We would like to explain that matter as follows: Our performance present a net loss due to the loss on Exchange rate, amount 43,751,336.24 baht Sincerely yours, ( Mr.Charan Amorntirakul ) Vice President - Administrative