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