Report on usage of proceeds from capital increases

No. ERW 006/Kor Mor Sor 006/2009

12 January 2009

Subject : Report on usage of proceeds from capital increases

To : President The Stock Exchange of Thailand

The Erawan Group Public Company Limited would like to report uses of proceeds from capital increase during the period between 1 July 2008 and 31 December 2008 as follows :

On 25 April 2006, the AGM No.1/2006 of The Erawan Group Public Company Limited ("Company") passed a resolution to increase the Company's registered capital for the right to purchase ordinary shares by the directors and employees of the Company and/or its subsidiaries under the Employee Stock Ownership Program (which has been approved by the EGM No. 1/2004 on 4 November 2004) and for any adjustment to the rights required in the events specified in the ESOP Program under the adjustment of the exercise price and the exercise share amount.

During the period between 1 July 2008 and 31 December 2008(the ending date of program),there were 18,589,344 shares exercised by the directors and employees (12,802,420 remaining un-exercised shares were cancelled due to the ending of program). The proceed of Baht 39,767,816.16 has been utilized as the company's working capital which is in compliant with the objective of capital increase.

For acknowledgement.

 

Sincerely yours,

 

(Mr. Viboon Chaisutyakorn)
Vice President
Finance & Legal

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