CLARIFIES DRAMATIC LOSS IN Q3/1996 OPERATING RESULT

DTC reported on its reviewed quarterly financial statements as follows: (In Thousands) Ending September 30 3rd Quarter For 9 Months 1996 1995 1996 1995 DTC Net profit (Loss) (12,421) 5,927 15,488 121,358 EPS (Bt) (0.21) 0.13 0.26 2.72 DTC reported on its reviewed consolidated quarterly financial statements as follows: (In Thousands) Ending September 30 3rd Quarter For 9 Months 1996 1995 1996 1995 DTC and its subsidiaries Net profit (Loss) (12,421) 5,927 15,488 121,358 EPS (Bt) (0.21) 0.13 0.26 2.72 Dusit Thani Plc clarified the huge decrease in Q3/1996 net profit as compared to that of previous year as follows: (M.Baht) Net profit as of September 1995 121.36 Net profit as of September 1996 15.49 Net profit as of September 1996 reduced by 105.87 or equivalent to 87.24 resulting from the following reasons : 1. Dusit Thani Hotel Profit + 6.86 2. Dusit Resort Pattaya Hotel Profit + 8.03 3. Dusit Hotel & Resort Profit + 4.49 4. Commercial Building for rent Profit - (7.56) 5. Le Jadeang Restaurant, Saichoun, Sibor Pub Profit- (1.12) 6. Hotelling School, Chiangmai Dorm. Profit - (0.88) 7. Profit(Loss) from exchange rate derived from foreign loan Profit + (19.54) - As of September 30, 1995, profit was Bt2.24 million - As of September 30, 1995, loss was Bt17.29 million 8. Interest earn Decrease (41.92) 9. Interest expenses Increase (24.20) 10. Less corporate income tax 18.28 11. Gain or loss in subsidiary (74.64) 12. Profit from assets sales of subsidiary 26.33 according to its depreciation (As of September 30, 196 Gain or loss in Dusit Thani Co.,Ltd. was Bt108.9 Million Baht As of September 30, 1995 Share holdijg in Dusit Sinthorn Co.,Ltd., was only 19%. It therefore has no acknowledgement on on gain or loss.) Concluson : Net profit reduced (105.87)