ACC.013/47 18 June 2004 President The Stock Exchange of Thailand 62 Rachadapisek Road, Klongtoey Bangkok 10110 Subject : Additional clarification of establishment of the new company Master Ad PLC. (MACO) would like to clarify about the investment of establishment of the new company "Beijing Ruaychai Maco International Co.,Ltd." in order to provide shareholders and general investors the clear information so that decision making of trading Maco's securies can be made appropriately. The additional clarification is detailed as follows; 1. Ruaychai International Group of Companies Limited is the major shareholder Of Red Bull Vitamin Drinks (Beijing) Limited. The annual advertising budget Of this company is at Baht 750 million which a portion of it is the expense for out-of-home media. Therefore, the out-of-home media business is considered a low risk since there is already a budget waiting to spend through the new company every year. 2. Ruaychai International Group of Companies Limited has been doing business in People's Republic of China for over 20 years. Mr.Chanchai Ruay-rung-rueng, the major shareholder is the foreign investor in China for such a long time that he profoundly knows all concerned government offices and officers. Hence, the chance of success for the new company to be awarded with out-of-home media projects is undoubtedly higher. 3. Mr.Chanchai Ruay-rung-rueng is the major shareholder's in Ruaychai International Group of Companies Limited, who does not the category related with MACO ,follow define of Stock exchange of Thailand. Please be informed accordingly Yours sincerely, Master Ad PLC. ...................................................... ................................................................ Noppadon Tansalarak Phiched Maneerattanaporn President & CEO Director