ONE SUBSIDIARY COMPANY WAS SUED BY THE LENDER

Translation February 2,2000 Subject One Subsidiary company was sued by the Lender To Directors and Managers of The Stock Exchange Market of Thailand Dusit Thani PCL has invested in The Royal Princess PCL 79.65% of the issued and paid up capital (600 Million THB) and The Royal Princess PCL then has invested into The Korat Thani Co.,Ltd.68% of capital registered (150 Million THB). On December 23, 1999, The Royal Princess PCL received the Plaint from The Southern Bangkok Court dated 7 December 1999. This plaint was submitted to the Court by National Finance PCL (the "Plaintiff"), the Plaintiff sued the Korat Thani as the first Defendant and The Royal Princess PCL as the second Defendant in the accuses of default of loan performance, enforcement of mortgage and Suretyship. The Plaintiff has claimed for damage about 461,166,311.67 THB (Four Hundred Sixty-one Million One Hundred Sixty-six Thousand Three Hundred Eleven and Sixty-seven Stang). To date, this case is in the Court proceeding and the Court fixed the first day of taking evidence on March 8, 2000. We will inform you later when this case has become final.