Operating result IRS. 009/2013 13 May, 2013 To: Secretary - General The Office of Securities and Exchange Commission, Thailand Subject: Clarification of Operating result for Q1/2013 Master Ad Plc. is the Out of Home Media providing OHM Solutions to the market. Its financial performances for Q1/2013 were as follows; With Separate Financial Statement, sales revenue was 106.46 MB, decreasing by 19.91 MB or approximately equivalent to 15.76 % is less than compared to that of Q1/2012. Net income of Q1/2013 was 18.84 MB, decreasing by 0.28 MB or 1.46% lower when compares to net income of Q1/2012. For Consolidated Financial Statement of for Q1/2013, sales revenue was 158.43 MB, decreasing by 25.90 MB or approximately equivalent to 14.05 % is less than compared to that of Q1/2012. Net income of Q1/2013 was 35.56 MB, increasing by 5.24 MB or 17.30 % upper when compares to net income Q1/2012. Overview of the Q1/2013 operating performance of financial statements and the consolidated revenue has shown the decrease from Q1/2012 due to the revenue from media group Made-To-Order and revenue from joint ventures Index MACO D103 from Expo Yeosu project is continuing fully amortized by contract maturity. However, the media as MACO Space has shown higher growth increase compared to Q1/2012. Revenue from Billboard has grown 4.3 %, revenue from Transit group has grown 140.39% and revenue from Street Furniture group has grown 14.90 %, in which costs of these media groups, MACO Space, is relatively constant and when revenue is growing, the result will shown the increase in profits. Moreover, in the Q1/2013 in Operating expense of sales and administrative expenses has decreased from Q1/2012 19.96%, which resulted in the increase in profits as well. 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.