IRS.002/2010 February 25, 2010 To: Secretary - General The Office of Securities and Exchange Commission, Thailand Subject: Clarification of Operating result for Year 2009 Master Ad Plc. is the Out of Home Media providing OHM Solutions to the market. Its financial performances for Y2009 were as follows; With Separate Financial Statement, sales revenue was 330.50 MB, decreasing by 17.34 MB or approximately equivalent to 5% less than compared to that of Y20008. Net income of Y2009 was 22.38 MB, decreasing by 27.26 MB or 55 % upper when compares to net income of Y2008. For Consolidated Financial Statement of Y2009, sales revenue was 461.47 MB, decreasing by 14.46 MB or approximately equivalent to 3% less than compared to that of Y2008. Net income of Y2009 was 39.06 MB, increasing by 2.47 MB or 7% upper when compares to net income of Y2008 The reasons for company's financial performance downside were shrinkage of the economy overall. However, some customers still have the opportunity to use this advertising and use service MACO OHM Solution Provider. Able income of Y2009 when compared to Y2008 little different. Regard as the MACO can maintain performance in situation shrinkage. For Net Income the overall increase, cause management operation expense as well as managing accounts receivable make allowance for doubtful decreasing from Y2008 80% . For Separate Financial Statement, Net Income decrease cause Subsidiaries don't paid interim dividend in Y2009. Please be kindly informed accordingly. Yours sincerely, Noppadon Tansalarak Director Phiched Maneerattanaporn Director