INFORMATION REGARDIING THE ACQUISITION OR DISPOSAL ASSETS

June 15, 1998 Subject : Information regarding the acquisition or disposal assets. To : Directors and Manager of Stock Exchange of Thailand Note 9 in the notice to consolidated and equity method financial statements for the quarter ended March 31, 1998 presents the Company's various contracts for premises construction totalling Baht 630,503,143 which are compose of Baht 360,324,156.78 construction contracts relating to the Royal Princess Srinakarin Hotel and Baht 270,178,986.01 construction contracts relating to the Royal Princess Ranong Hotel and commercial buildings. Dusit Thani Public Co., Ltd. is a 79.65% shareholder in Royal Princess Public Co., Ltd., which owns 100% of the Royal Princess Srinakarin Hotel. Royal Princess Public Co., Ltd. is a 60% shareholder in Supsinthanee Co., Ltd., which operates in the Royal Princess Ranong Hotel and commercial buildings. The Detail of Asset Commercial Buildings Building : 3 Storeyed Number of Units : 62 Units Royal Princess Ranong Hotel Building : 7 Storeyed Accommodations : 140 Rooms Restaurants : 2 Outlets Meeting Facilities : 3 Rooms Other basic facilities for hotel business operations. Royal Princess Srinakarin Hotel Building : 6 Storeyed Accommodations : 198 Rooms Restaurants : 4 Outlets Meeting Facilities : 4 Rooms Other basic facilities for hotel business operations. Size of Assets According to the two criteria as follows : Asset Criterion = 7.76%, and Current Asset Criterion = 21.75% The Use of Such Asset The estimated useful lives for each hotel is 30 year. As at March 31, 1998, Royal Princess Srinakarin and Supsinthanee Co., Ltd. had uncompleted works totaling Baht 22,470,947.61 and Baht 15,709,793, respectively. These uncompleted works are expectd to be completed and paid by the end of this year. The Benefit Expected to be Recieved Both hotels were unable to generate any profit from the business operation since opening at the beginning of 1997. The Company expects that these two hotels will be able to generate a profit within 3 years after opening. As at March 31, 1998, Supsinthanee Co., Ltd. entered into a commercial building purchase agreement for 14 units, which leaves 48 units for sale. Supsinthanee Co., Ltd. expects to receive a full payment from these units and transfer the owenership to all buyers by the end of this year. The Company calculated the IRR Ratio and Payback Criterion for these assets as follows : Royal Princess Srinakarin Hotel ; IRR Ratio = 16%, and Payback = 7.5 years. Supsinthanee Co., Ltd.; IRR Ratio = 11%, and Payback = 5.5 years.(If Supsinthanee Co., Ltd. can sell all commercial buildings by 2002.) The Sources of Funds A Baht 178 million capital investment in Royal Princess Public Co., Ltd. and a loan from National Finance Public Co., Ltd. in the amount of Baht 182 million were used for the construction of the Royal Princess Srinakarin Hotel. The construction of Royal Princess Ranong and commercial buildingswas founded by a Baht 120 million capital investment in Supsinthanee Co., Ltd. and a US$ 6 million loan from National Finance Co., Ltd.. Khunying Chanut Piyaoui Chairperson and Managing Director