Operating result IRS.015/2013 8 November, 2013 To: Secretary - General The Office of Securities and Exchange Commission, Thailand Subject: Clarification of Operating result for Q3/2013 Master Ad Plc. is the Out of Home Media providing OHM Solutions to the market. Its financial performances for Q3/2013 were as follows; Separate Financial Statement, sales revenue was 132.32 MB, decreasing by 8.79 MB, or approximately equivalent to 6.23 % compared Q3/2012. Net income of Q3/2013 was 25.98 MB, decreasing by 1.56 MB or 5.65 % lower when compares to net income of Q3/2012. Separate Financial Statement for the 9M/2013 (ended 30 September 2013), sales revenue was 361.02 MB, decreasing by 28.61 MB or approximately equivalent to 7.35 % compared to that of 9M/2012. Net income of 9M/2013 was 110.29 MB, decreasing by 9.56 MB or 7.98% compares to net income for 9M/2012. Consolidated Financial Statement for Q3/2013, sales revenue was 203.69 MB, increasing by 2.38 MB or approximately equivalent to 1.18 % compared to that of Q3/2012. Net income of Q3/2013 was 43.90 MB, increasing by 6.60 MB or 17.70 % compares to net income Q3/2012. Consolidated Financial Statement for the 9M/2013 (ended 30 September 2013), sales revenue was 539.38 MB, decreasing by 29.79 MB or approximately equivalent to 5.23 % is less than compared to that of 9M/2012. Net income of 9M/2013 was 123.66 MB, increasing by 22.71 MB or 22.50 % compares to net income for 9M/ 2012. Overview of the Q3/2013 and 9M/2013, revenue was increased by MACO space revenue which profit was increased by billboard utilization increasing and unchanged cost. Addition in this quarter, consolidated revenue was increased from subsidiary company Inkjet Images (Thailand) Co., Ltd increasing. While Non MACO space revenue was decreased because there are not revenue recognition from joint ventures investment as same as the same period of last year, included Made To Order revenue decreasing which its cost of goods sold was also decreasing. Thus the overall profit of the Q3/2013 and 9M/2013 was increased from 2012. 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.