News

Report on the results of the exercise of warrants #5

(Translation)
Ref: SiS 49/010

Date   July 17, 2006

Subject: Report on the results of the exercise of warrants (ESOP) in June 2006

To:    President
   The Stock Exchange of Thailand

SiS Distribution (Thailand) Public Company Limited ("the Company") has
issued, under an Employee Stock Option Program, 5-year maturity
5,000,000 warrants with no offering price. Each warrant is entitled to buy
1.00 common share of the company at the book value per share from the
latest financial statement before the date of exercise, which is Baht 2.48.
The warrants can be exercised every three months from the first exercise
date which is June 30, 2005 until the last exercise date which is June 9,
2009. The exercise date will be the last business day of March, June,
September and December of each year. During the fifth exercising date,
warrant holders can inform their exercise from June 27-30, 2006 as a
result follows:

        Number of exercising warrant holders         0 persons
        Number of allotted warrant holders      191 persons

        Number of outstanding unexercising warrants
3,518,700 units
        Number of exercising warrants                0 units
        Number of remaining unexercising warrants 
3,518,700 units

        Number of outstanding ordinary shares reserved for
warrants  3,518,700 units
        Number of allotted common shares from this exercise    
0 units
       Number of remaining ordinary shares reserved for
warrants  3,518,700 units

As a result, the company's issued and paid-up capital has maintained
to Baht 201,481,300.

Please be informed accordingly,

Yours faithfully,



Somchai Sittichaisrichart
Managing Director