Clarification on percentage of change more than 20 percent IRS.015/2010 November 11, 2010 To: Secretary - General The Office of Securities and Exchange Commission, Thailand Subject: Clarification of Operating result for Q3/2010 Master Ad Plc. is the Out of Home Media providing OHM Solutions to the market. Its financial performances for Q3/2010 were as follows; With Separate Financial Statement, sales revenue was 82.94 MB, decreasing by 14.41 MB or approximately equivalent to 14.80% less than compared to that of Q3/2009. Net income of Q3/2010 was 5.69 MB, decreasing by 5.40 MB or 48.71% lower when compares to net income of Q3/2009. For Consolidated Financial Statement of Q 3/2010, sales revenue was 117.98 MB, decreasing by 8.88 MB or approximately equivalent to 7% less than compared to that of Q 3/2009. Net income of Q3/2010 was 11.76 MB, decreasing by 1.92 MB or 108.76% lower when compares to net income of Q3/2009 Results of Separate Financial Statement and Consolidated Financial Statements Overview 3/2010 revenues, down from Q 3/20009 due to the impact of the rally continued. Result in the customer's advertising budget. Especially with customers in the Group Type Made to order, have a revise promotional plans for relate with the marketing of products. Thus allowing customers to use advertising slowed in the Q3/2010 part. Net profit for the overall earnings decline versus the same quarter. Cause of to declining revenues and increase the costs of selling and administrative expenses was a commission on the sale and accrued expense for the case of a subsidiary. Please be kindly informed accordingly. Yours sincerely, Noppadon Tansalarak Director Phiched Maneerattanaporn Director ______________________________________________________________________