AMENDMENT OF THE ANNOUNCEMENT OF CONNECTED TRANSACTION

July 29, 1998 Subject : Amendment of Acquisition of Dusit Resort Cha-Am Co., Ltd.'Shares Announcement of Connected Transaction To : Director and Manager of Stock Exchange of Thailand The Company would like to amend the Clause 2.5 in the acquisition of Dusit Resort Cha-Am Co., Ltd. and announcement of connected transaction. which was reported on July 28, 1998. To be amended to : 2.5 The total value of the consideration : The total value of share purchasing from these 2 shareholders is Baht 12,787,815 or 0.66% of the Company's total asset. the total value of share purchasing = 12,787,815 = 0.66% the Company's total net tangible assets 1,928,993,692 Khunying Chanut Piyaoui Chairperson and Managing Director