Operating result IRS. 010/2012 13 November, 2012 To: Secretary - General The Office of Securities and Exchange Commission, Thailand Subject: Clarification of Operating result for Q3/2012 Master Ad Plc. is the Out of Home Media providing OHM Solutions to the market. Its financial performances for Q3/2012 were as follows; With Separate Financial Statement, sales revenue was 141.11 MB, increasing by 22.41 MB or approximately equivalent to 18.88 % more than compared to that of Q3 /2011. Net income of Q3/2012 was 27.49 MB, increasing by 7.11 MB or 34.88 % upper when compares to net income of Q3/2011. For Consolidated Financial Statement of Q3/2012, sales revenue was 201.31 MB, increasing by 35.48 MB or approximately equivalent to 21.39 % more than compared to that of Q3/2011. Net income of Q3/2012 was 37.31 MB, increasing by 11.63 MB or 45.28 % upper when compares to net income of Q3/2011. Overview in the Q3/2012 results of separate financial statements and consolidated financial statements increase from Q3/2011 by the revenue growth from Main Media such as Billboard, Transit, Street Furniture, Made to order and includes the recognition of revenue from investment in joint venture Index MACO D103. Moreover, plan to manage account receivable will reduce risk for doubtful debt in Q3/2012. 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.