Operating result IRS.002/2011 February 23, 2011 To: Secretary - General The Office of Securities and Exchange Commission, Thailand Subject: Clarification of Operating result for Y2010 Master Ad Plc. is the Out of Home Media providing OHM Solutions to the market. Its financial performances for Y2010 were as follows; With Separate Financial Statement, sales revenue was 347.37MB, increasing by 16.87 MB or approximately equivalent to 5.11% more than compared to that of Y2009. Net income of Y2010 was 35.64 MB, increasing by 13.26 MB or 59.25% upper when compares to net income of Y2009. For Consolidated Financial Statement of Y2010, sales revenue was 498.89 MB, increasing by 37.43 MB or approximately equivalent to 8.11% more than compared to that of Y2009. Net income of Y2010 was 64.70 MB, increasing by 25.64 MB or 65.66 % upper when compares to net income of Y2009 Overview in the Y2010 results of separate financial statement and consolidated financial statements revenue increase from the Y2009 . By main of category Billboard and Street Furniture media because of the sales strategy in a way more aggressive and including the use of marketing tools for push to customer to use more advertising . Net profit for the overall increase in earnings compared with the Y2009, result of mainly . First, we were to manage costs of production by provide source of reasonable cost and good quality. Secondly, decrease of depreciation. And thirdly ,increase of profit of subsidiaries from the acquisition at 32.50 percent. Please be kindly informed accordingly. Yours sincerely, Noppadon Tansalarak Director Phiched Maneerattanaporn Director ______________________________________________________________________