January 4, 2010 Subject : Report on the results of the exercise of the warrants to purchase ordinary share of Tirathai Public Company # 1 (TRT-W1) To : President The Stock Exchange of Thailand Tirathai Public Company Limited ("the Company") allotted the warrants to purchase ordinary share (TRT-W1) to the existing shareholders. Details of the allotment are as follows: Number of Warrants (TRT-W1) : 67,547,319 units Amount of Reserved Shares : 67,547,319 shares Date of Issuance and Offering : May 28, 2009 Exercise Period : Exercise Date is on the last business day of June and December of each year, throughout the warrant maturity period. (These dates are described as "Exercise Date") For this, the first exercise date that Warrant holders can exercise their rights ("1st Exercise Date") is on the last business day of December, which will be on December 30, 2009. And the last exercise date that Warrant holders can exercise their rights ("Last Exercise Date") is 2 years after the date indicated in the Warrants, which will be on May 27, 2011. For this, the Company will not close the Company's shares registered book to suspend the transfers of Warrant. Except for the last exercise date, which the Company will close the registered book to suspend the transfers of Warrant 21 days prior to the last exercise date. In this regard, the Stock Exchange of Thailand ("SET") will post a SP sign ("Suspended") on the Warrants of the Company 3 days prior to the closing date of the Company's registered book. (In the event that the last closing date of the registration falls on the Company's holiday, the last exercise date shall be moved to the last business day prior to the last exercise date.) Exercise Ratio : 1 warrant : 1 ordinary share Exercise Price : Baht 3 per share Term : 2 years from the date of issuance of warrants The Company would like to report the result of the exercise of TRT- W1 as at December 30, 2009 as follows: Number of exercisable warrants 67,547,319 units Number of exercised warrants 33,536,758 units Balance of the warrants 34,010,561 units Total number of shares in reserve for exercise of warrants 67,547,319 shares Number of shares in reserve for the current exercise 33,536,758 shares Balance of the shares in reserve for exercise of warrants 34,010,561 shares Amount of money received form the 1st exercise of TRT-W1 100,610,274 Baht Please be informed accordingly. Sincerely yours, (Mr. Upakrom Thaweephoke) Executive Director and Company Secretary