February 22, 2007 Subject : Explanation of the Operating Result for the year 2006 Attention : The President of the Stock Exchange of Thailand Tirathai Public Company Limited submits the audited financial statement for the fiscal year 2006, which shows net profit of 69.33 million Baht, decreased from last year 8.0 million or 10.3%. The main reasons are as follows: 1.Total revenue is 1,657.18 million Baht, increased by 566.28 million Baht or 51.91% with the gross profit margin of 339.77 million Baht or 20.5%. 2.Selling & administrative expense is 207.33 million Baht, increased by 32.85 million Baht or 18.83% due to increase in sales volume. Selling & administrative expense represents 12.5% of total sales compared to 15.99% the same period last year. 3.Interest expense is 37.99 million Baht, increased by 7.08 million Baht or 22.9% as a consequence of increase in sales resulting to increase in working capital requirement. 4.The Company starts paying corporate income tax for the fiscal year 2006 of 17.218 Baht due to the full utilization of taxable loss carried forward in 2006. Please be informed accordingly. (Mr.Upakrom Thaweephoke) Deputy MD(Finance&Marketing)