) Limited Dear Sir, According to Thai Wacoal Public Company Limited disclosing the credit guarantee to a related company to financial institution as shown in note no. 9 to the financial statements for the

company, asset management company, derivatives business, and financial institution or commercial bank receiving approval to provide services). The SEC proposal also aims at raising significance of

-5700 Fax. 0-2651-5730 Other Financial Institution   Company Name Head Office 1. ANZ BANK (THAI) PUBLIC COMPANY LIMITED 2. BANK OF AMERICA NATIONAL ASSOCIATION 3. BANK OF AYUDHYA PUBLIC COMPANY LIMITED 4

, excluding a securities company which is a commercial bank under the law on financial institution business , life insurance company under the law on life insurance and financial institution established under

the Shariah Principle whereby the counter party comparable to the deposit accepter is the Islamic Bank of Thailand or a financial institution under foreign law and the counter party comparable to the

Principle whereby the counter party comparable to the deposit accepter is the Islamic Bank of Thailand or a financial institution under foreign law and the counter party comparable to the depositor shall be

(1) in accordance with the Shariah Principle whereby the counter party comparable to the deposit accepter is the Islamic Bank of Thailand or a financial institution under foreign law and the counter

company” means a securities company licensed to undertake securities business in the following categories, excluding a securities company which is a commercial bank under the law on financial institution

: (a) cash and bank deposit; (b) securities purchased under reverse repurchase agreement with accrued interests; 2 (c) promissory notes and bill of exchange issued by financial institution under the law

a loan from a financial institution. The Board of Directors and the Audit Committee view that the investment in such projects can generate long-term consistent income and the contract party is a