February 22, 2008 Subject : Explanation of the Operating Result for the year 2007 Attention : The President of the Stock Exchange of Thailand Tirathai Public Company Limited submits the audited financial statement for the fiscal year 2007,which shows net profit of 121.26 million Baht increased from last year by 51.93 million Baht or 75%. The main reasons are as follows: 1. Gross profit margin represents at 29.72% compared to the same period last year at 20.52%, an increase in profit margin due to having the cost effectiveness control. 2. Interest expense of 33.73 million Baht, decreased from last year by 4.27 million Baht or 11.2% due to good operating result, the company had liquidity to settle the long term debt and short term working capital resulting decrease in interest burden. 3. Loss from exchange rate for 2007 of 0.34 million Baht decreased from last year by 7.55 million Baht or 94% due to the balance proportion of import and export transactions together with low fluctuation in Baht devaluation in 2007. Please be informed accordingly. (Mr.Upakrom Thaweephoke) Deputy MD(Finance & Marketing)