ADDITIONAL REPORT ON THE INVESTMENT DISPOSAL TO SUBSIDIARY

TRANSLATION July 20, 2001 Subject : Additional Report on the Investment Disposal to Subsidiary Company To : Director and Manager of the Stock Exchange of Thailand Re : Letter of the Company date July 9, 2001 Refer to letter of Dusit Thani Public Company Limited reported the disposal its investment to dusit Thani International Co.,Ltd which consists of 3,515,168 shares in Philippine Hotelier,Inc. at the price of Baht 144.27 per share and 21,924,202 shares in Dusit Hotels & Resorts Co.,Ltd. at the price of Baht 16.40 and the disposal date was July16, 2001. The Company would like to amend that the disposal date was June 29,2001 and the Board of Directors ratified on July 9, 2001. On July 16, 2001 was the date of share Transferring Registered.