ONE ASSET MANAGEMENT LIMITED|Retirement Mutual Fund : RMF | Offering Date : 03/12/2001 - 10/12/2001

plan to develop or use such land in the future. 2. The Company is able to recognize profit from the disposition of this asset. The sale of this land to SPI is valued at THB 924.90 million enabling the

transaction is slightly lower than the appraised value assessed by those 2 independent appraisers which is considered beneficial to the company and considers it appropriate to purchase this land with building

-1.53 baht per share as appraised by the IFA. Besides, the proposed investments in PFA and HPS are considered inappropriate and involve high risks, since the offer price of 565 million baht for PFA is

the buyer and seller. In which the seller determines the selling price not lower than the book value or appraised value of an independent appraiser whichever is higher, plus Value Added Tax Total value

determines the selling price not lower than the book value or appraised value of an independent appraiser whichever is higher, plus Value Added Tax Total value of 21,968,086.63 (Book value 20,530,922.08 and

transaction is slightly lower than the appraised value assessed by those 2 independent appraisers which is considered beneficial to the company. 10. Opinion of the Audit Committee and/or Directors on the

value appraised by the financial advisor (KT ZMICO Securities Company Limited) and asset appraiser (Prospec Appraisal Co., Ltd.) , and fix the base price for sale of land and constructions at the value

IFA opined that (1) APU share value is not reasonable as it is higher that the IFA?s appraised value at the maximum varied of 219.56 million baht; (2) the first purchase payment for acquisition of APU