REPORTS A SUMMARY OF ITS FINANCIAL STATEMENTS

DTC reported a summary of its financial statements as follows: (in thousands) Ending March 31 1st quarter 1996 1995 DTC/DTC and its subsidiaries Net Profit 75,058 82,985 EPS (Baht) 1.25 0.93 Par Value (Baht) 10.00 5.00 The account auditor noted his opinions in the auditors' report for the first quarter financial statements of 1996 that: "...Investment in Dusit Sinthorn Co Ltd, one affiliate, showed in the quarterly financial statements ending March 31, 1996 using equity method. The financial statements of this affiliate, however, did not include net loss that were not allocated of subsidiaries abroad. This was because the financial statements of those subsidiaries were not yet audited and the information was not sufficient to be shown using equity method..." In addition, the auditor also noted his opinions for the first quarter consolidated financial statements of 1996 that: "...The financial statements did not include account items of Philippine Hoteliers Inc., in which DTC holds 76.21% shares as of March 31, 1996, and Dusit Thani Delaware Co Ltd, in which DTC holds 100% stake as of March 31, 1996 and 1995. This was because the financial statements of those subsidiaires were not audited and the information was not enough to prepare the equity method book. The company however has showed gain/loss from profit (loss) that are not allocated, of these subsidiaries in the profit and loss statements. In addition, investment in Dusit Sinthorn Co Ltd, one affiliate, was shown in the consolidated financial statements for period ending March 31, 1996 by the equity method. But the financial statements of this affiliate did not include gain/loss from net loss of subsidiairies aboard because the financial statements of this subsidiaries were not audited and the information was not sufficient..." Translated by the Nation