ACC.008/2006 14 November 2006 President The Stock Exchange of Thailand 62 Rachadapisek Klongtoey Bangkok 10110 Subject : Clarification of Operating result for Q3/2006 Master Ad Plc main business is to provide services of advertising media in the area of Out of Home Media sector, particularly Outdoor Billboard. Operating performance in the Q3/06 of audited consolidated financial statement showed the downturn of Net Operating Profit of 47% compared to Q3/05. The major factors were lower revenue from media. Thus it led to proportion change over revenue from media and revenue from sales representing from 95% to 92% and 0% to 5% respectively. This caused the decrease in Q3 gross profit and net profit accordingly. - Revenue from media comparatively reduced by 8% - Cost of services remained the same between Q3/06 and Q3/05 - Cost of goods went up by 7.3 MB in accordance with higher revenue of 8.04 MB - Selling and Administrative Expense increased by 6.07 MB resulting mainly from Selling & Marketing Promotion Expense by 4.5 MB Please be kindly informed accordingly. Yours sincerely, Master Ad.Plc. Noppadon Tansalarak Director Phiched Maneerattanaporn Director