15 May 2000 The President The Stock Exchange of Thailand 62 Ratchadapisek Road Klong Toey, Bangkok 10110 Dear Sirs, Clarification of Operating Results for the First Quarter of 2000 Herewith, we send you our interim comparative financial statements covering the First Quarter of 2000 and 1999 as per the requirements of Rules and Regulations of SET. And we now wish to offer our explanation on the 20% improvement of trading results of the First Quarter over the same of last year, due to our revenue from sales had increased by 47.50 million Baht or an increase of 14.59 per cent. The company has increased the price of products since mid February 2000, because of most main raw materials used in production had risen in price and an increase in Excise Tax. These led to a higher production cost which could no longer be absorbed by the company, and this increase came 2 years after the whole softdrinks industry's. Yours faithfully, For Haad Thip Plc. Sec.Lt. (Phairoch Rattakul) Managing Director Ofice of the Managing Director Tel.392-9984-5 Ext.108