FORM OF SHARE OFFERING RESULT

Report on Result of Share offering Dusit Thani Plc December 4, 1996 1. Information of the shares offered: Type of shares offered: Odinary shares Number of shares offered: 25 m units Offered to: GS Emerging Market Real Estate Fund* = 24 m units Offering price per share: Bt30 Subscription & payment date: 2. Result of share offering : Sep 25, 1997 [ ] all sold out [/] some 1 m shares remained as holding ownership for foreign investors was not enough. If so, the next purchase is expected to be made. 3. Details of the share offering: Thai Investors Foreign Investors Total Corp. Indv. Corp. Indv. No. of subscribers - - 1 - 1 No. of shares subscribed - - 24,000,000 - 24,000,000 % of total shares offered - - 96 - 96 4. Proceeds from the share offering: Total proceeds the offering Bt740 m Less total expenses - Net proceeds Bt740 *Note: It is financial institution -- investment Partnership Affiliated to the Goldman Sachs Group, LP.