20 พฤศจิกายน 2546

Convertible Debenture Holders to Exercise Conversion Right

November 19th, 2003. Subject : Notification about the Intention of Group of Debtors: As Convertible Debenture Holders to Exercise Their Conversion Right. To : The President The Stock Exchange of Thailand (SET). The Union Mosaic Industry Plc. (The Company) would like to make an announcement that group of debtors who held the Company's convertible debenture have informed us by letter their intention to exercise the right to convert convertible debenture to ordinary share in November 28th, 2003, which is the specific date to exercise the right to convert. And this is according to the regulation about the right and the duty of the convertible debenture issuers and holders, with conversion ratio: 1 convertible debenture per 100 ordinary shares and exercising price at 10 Baht each. Thai Asset Management Corporation (TAMC) would like to exercise the right to convert convertible debenture the amount 86,848 shares to ordinary share of 8,684,800, and TISCO Finance Plc. (TISCO) would like to exercise the right to convert convertible debenture of 9,152 shares to ordinary share of 915,200 shares. Please be informed accordingly. Your sincerely, Miss Paweena Laowiwatwong President The Union Mosaic Industry Plc. Details of Convertible Debenture Holders 1. Thai Asset Management Corporation (TAMC): The head office is situated at 1193 Exim Building, 22nd floor Phaholyothin Road, Samsen Nai Sub-district, Phaya Thai District, Bangkok. With intention to exercise the right to convert convertible debenture of 86,848 shares at 1,000 Baht each to ordinary share of 8,684,800 shares at 10 Baht each. 2. TISCO Finance Plc. (TISCO): The head office is situated at 48/2 TISCO Tower Building, North Sathorn Road, Silom Sub-district, Bang Rak District, Bangkok. With intention to exercise the right to convert convertible debenture of 9,152 shares at 1,000 Baht each to ordinary share of 915,200 shares at 10 Baht each.