Report of result of the share offering Padaeng Industry Plc (PDI) August 2, 1996 1. Information of the shares offered : Type of shares offered : Ordinary shares Number of shares offered : 52 million shares Offered to : Existing shareholders Offering price per share : Bt10 Subscription and payment date : June 15-19, 1996 2. Result of share offering : [ ] all sold out [/] some 11,630,442 remaining shares (this remaining numbers included 12 shares that were discarded). The company, following an extraordinay meeeting of shareholders no.1 /1996, held on June 12, 1996, will allot the remaining shares to 17 types of institutional investors as stated in the Securities & Exchange Commission (SEC), the Stock Exchange of Thailand (SET)'s annoucement. The company's board of directors have authorization to determine date, price, principles, methods and conditions concerning the said allotment. 3. Details of share offering: Thai Investor Foreign Investor Total Juristic Individual Juristic Individual Number of persons 99 3,815 24 6 3,994 Number of shares subscribed 22,936,601 14,527,722 2,897,170 8,065 40,369,558 % of total shares 44.11 27.94 5.57 0.01 11.63 offered 4. Total proceeds from the share offering : Total proceeds from sales Bt403,695,580 Less Total expenses - Financial and law-advisory fee Bt611,414 - Meeting fee and advertisement expenses Bt23,268 - Document printing expenses Bt114,080 - Mailing expenses Bt250,500 - Capital increase registration Bt250,000 Net proceeds Bt402,281,845