[Translation] Ref. PDI/BK-BS-001/2006 5 January 2006 To : President The Stock Exchange of Thailand RE.: Hedging to protect Padaeng's income against fluctuation in LME zinc price for 2007. In line with its hedging policy of the zinc price and related dollar exposure, Padaeng has hedged in December 2005 one third of its estimated exposure for 2007 by selling forward over the period 19,950 tons at a price of 68,673 Baht per ton corresponding to 1,661 USD per ton. Please be informed accordingly. Yours truly, - Signature - (Mr. Bernard Tonnon) Managing Director Board Secretary Division Tel. 0 2661 9900 Ext. 1402, 1501 Fax. 0 2661 9946