Date of the change in the Exercise Ratio and Price of SVI-W2
SET012/2007
May 8, 2007
Subject : To inform the date of the change in the Exercise Ratio and Price of Warrants to Purchase Ordinary Shares of the Company. (SVI-W2)
To : President The Stock Exchange of Thailand
Since, the Company informed the change in the Exercise Ratio and Price of Warrants to Purchase Ordinary Shares of the Company on April 18, 2007 in relation to the approval of the Board of Directors Meeting session 3/2007.
Thus, the amendment to the Exercise Ratio and Price of Warrants to Purchase Ordinary Shares of the Company are as listed below:
| SVI-W2: | |
| Existing: | Balance 35,872,808 units 1(One) unit of warrant to 1 (One) unit of ordinary share at exercise price of 10 Baht/share |
| New: | Balance 358,728,080 units 1 (One) unit of warrant to 1 (One) unit of ordinary share at exercise price of 1 Baht/share |
| ESOP-1: | |
| Existing: | Balance 843,134 units 1(One) unit of warrant to 1 (One) unit of ordinary share at exercise price of 6.95 Baht/share |
| New: | Balance 8,431,340 units 1 (One) unit of warrant to 1 (One) unit of ordinary share at exercise price of 0.695 Baht/share |
| ESOP-4: | |
| Existing: | Balance 3,766,667 units 1(One) unit of warrant to 1 (One) unit of ordinary share at exercise price of 10 Baht/share |
| New: | Balance 37,666,670 units 1(One) unit of warrant to 1 (One) unit of ordinary share at exercise price of 1 Baht/share |
Since, the above changes will be effective on the date of registration at Ministry of Commerce, in which the Company will register the amendment of pare value with the Ministry of Commerce on May 9, 2007. Thus, the change in the Exercise Ratio and Price of Warrants to Purchase Ordinary Shares of the Company (SVI-W2, ESOP 1 and ESOP 4) will be effective on 9, 2007.
We, therefore, inform you of the above matter, this is for your acknowledgment and dissemination to the public and other investors.
Yours faithfully,
(Mrs. Pissamai Saibua)
Chief Financial Officer
