Operating result IRS. 006/2012 14 May, 2012 To: Secretary - General The Office of Securities and Exchange Commission, Thailand Subject: Clarification of Operating result for Q1/2012 Master Ad Plc. is the Out of Home Media providing OHM Solutions to the market. Its financial performances for Q1/2012 were as follows; With Separate Financial Statement, sales revenue was 126.37 MB, increasing by 15.95 MB or approximately equivalent to 14.45% more than compared to that of Q1/2011. Net income of Q1/2012 was 19.07 MB, increasing by 0.63 MB or 3.43% upper when compares to net income of Q1/2011. For Consolidated Financial Statement of Q1/2012, sales revenue was 184.34 MB, increasing by 30.82 MB or approximately equivalent to 20.07 % more than compared to that of Q1/2011. Net income of Q1/2011 was 30.23 MB, increasing by 6.44 MB or 27.08% upper when compares to net income of Q1/2011. Overview in the Q1/2012 results of separate financial statements and consolidated financial statements revenue increase from the Q1/2011 by the revenue growth in all category of the media. Especially the category is Made to Order growth from Q 1/2011 at 70% and revenue from that investment in joint ventures Index MACO D103, which recognizes revenue in the Q 1/2012 the effect of net income growth as a result, overall net income when compared with Q1/2011 Please be kindly informed accordingly. Yours sincerely, Noppadon Tansalarak Director Phiched Maneerattanaporn Director ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.