January 4, 2010 Subject : Report on the results of the exercise of the warrants to purchase ordinary share of Tirathai Public Company # 1 (ESOP) for company's directors and employees To : President The Stock Exchange of Thailand Tirathai Public Company Limited ("the Company") allotted the warrants to purchase ordinary share (ESOP) for company's directors and employees to the existing shareholders. Details of the allotment are as follows: Number of Warrants (ESOP) : 2,533,000 units Amount of Reserved Shares : 10,132,000 shares Date of Issuance and Offering : October 1, 2009 Exercise Period : The 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 September 30, 2011. 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 ESOP as at December 30, 2009 as follows: Total number of warrants in reserve for exercise of warrants 10,132,000 units Number of exercisable warrants 2,533,000 units Number of exercised warrants 2,256,820 units Balance of the warrants 7,875,180 units Total number of shares in reserve for exercise of warrants 10,132,000 shares Number of shares in reserve for the current exercise 2,256,820 shares Balance of the shares in reserve for exercise of warrants 7,875,180 shares Amount of money received form the 1st exercise of ESOP 6,770,460 Baht Please be informed accordingly. Sincerely yours, (Mr. Upakrom Thaweephoke) Executive Director and Company Secretary