News
Report the Result of Warrant Conversion to Common Shares
(Translation)
Ref: SiS 49/012
Date October 10, 2006
Subject: Report on the results of the exercise of warrants (ESOP) in September 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 2.57. 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 sixth exercising date, warrant holders can inform their exercise from September 25-29, 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 remainging 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
