July 22, 2008 Subject : Clarification for the Utilization of IPO Funds Attention : The President of The Stock Exchange of Thailand As Tirathai Public Company Limited made the Initial Public Offering (IPO) for 30,000,000 shares at Baht 5.75 per share with the total funds received of Baht 172,500,000 and net received after deduction for IPO expenses (Baht 5,190,000) of Baht 167,310,000. The report on the utilization of the IPO fund, which was sent to SET on 29 January 2008, showed the outstanding balance of Baht 18.21 million. We, therefore, would like to report an update on the utilization of the IPO fund as of 30 June 2008 as follows: (Million Baht) Objectives According Cumulative Use of fund during Remaining to the plan use of fund January - June 2008 fund 1.Increase production 30.00 11.79 18.21 - 2.Loans repayment 83.65 83.65 - - 3.Working capital 53.66 53.66 - - Total 167.31 149.10 18.21 - Your Faithfully, (Mr.Upakrom Thaweephoke) Executive Committee and Company Secretary