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Form For Report On Capital Increase

BackFeb 16, 2006

Form for Report on Capital Increase
SVI Public Company Limited
February 16, 2006

      We, SVI Public Company Limited (the Company) are pleased to
report the resolutions of Board of Directors Meeting No. 2/2006 held
on February 15, 2006 at 11.00 hours to 14.00 hours, concerning the
increase of capital and allotment of new ordinary shares as follows:


1. Capital Increase

The Board of Directors Meeting has resolved to increase its capital
from Baht 1,450,349,990 to Baht 1,505,349,990 by issuance of 5,500,000
ordinary shares at the nominal par value of Baht 10 per share.
The total capital increase will be Baht 55,000,000.


2. Allotment of New Shares

The Company shall allocate 5,500,000 ordinary shares, at the nominal
par value of Baht 10 each, totally Baht 55,000,000. The details are
as follows:

Allocate to
Number of shares
Ratio
Sale price per share (Baht)
Time & Date
Remarks of Subscription and  Payment
For exercising of right of warrants offering to the directors
and employees of the Company
5,500,000
1 unit of warrant entitles to buy 1 new ordinary share
-
-
Please see the attached ESOP documents.



3. Convening the Extraordinary Meeting of Shareholders for an
approval of the capital increase and the new share appropriation


The Annual General Meeting of Shareholders No. 1/2006 will be convened
at 13:30 hours, on April 27, 2006 at Grand Miracle Hotel, Venus Room,
99 Vibhavadi-Ranngsit Road , Laksri, Don Muang Bangkok 10210.
To determine which shareholders are eligible to attend the shareholders
meeting, the Company will close the Share Register Book on April 7,
2006 at 12.00 hours until the meeting is adjourned.


4. Objectives of the Capital Increase

For the purpose of encouraging the directors and employees and
being considerate to the directors and employees in working well
for the Company on a long term basis.


5. Benefits to the Company


The ESOP warrants issued by the Company and offered to the directors
and employees shall be for the purpose of encouraging the directors
and employees and being considerate to the directors and employees
in sufficient working well for the Company on a long term basis.

6. Benefits to the Shareholders

Right to obtain dividends in the future in consideration of the
Company retaining earnings for its business operation.

The Company certifies that the information provided above is correct and accurate in all respects.


(Ms. Pissamai Saibua)
Chief Finance Officer