MEDIA SPECULATION REGARDING DUSIT THANI PUBLIC CO., LTD

November 19, 1998 Subject: Recent media speculation regarding Dusit Thani Public Co., Ltd. To: Director and Manager of the Stock Exchange of Thailand There has been increasing speculation in the media regarding a potential disposal by Dusit Thani Public Co., Ltd. of its shares in Royal Princess Public Co., Ltd. Dusit Thani Public Co., Ltd. owns a 79.65% interest in Royal Princess Public Co., Ltd., whose issued and paid-up capital is Baht 600 million. Therefore, we wish to inform the SET that Park Plaza Kemayan Limited, an Australian company, is conducting a due diligence review in relation to the possible acquisition of Dusit Thani Public Co., Ltd.'s shares in Royal Princess Public Co., Ltd., and has made an announcement to the Australian Stock Exchange regarding this matter. Those inquiries may take some weeks to be finalized. Furthermore, no agreement for the sale of such shares has been reached by Dusit Thani Public Co., Ltd. and Park Plaza Kemayan Limited. If such an agreement is reached, we will follow the procedures, rule and regulations of the SET and those under the Public Company Act. We will inform the SET again regarding the status of these discussions on 15 December 1998. Sincerely, Khunying Chanut Piyaoui Chairperson and Managing Director