Report the conversion of Warrant (ESOP-1)

BackJun 27, 2007


June 26, 2007

The President The Stock Exchange of Thailand

Re : Report the conversion of Warrant to common shares (ESOP-1)

Since SVI Public Co., Ltd. has issued 3,682,533 warrants of ESOP-1, to have a right to exercise on ordinary shares, offering to the directors and employees with an exercise price at Baht 6.95 per share (Average of share market price of the Company in the Stock Exchange of Thailand during 30 business days before the Board of Directors Meeting approval the ESOP warrants offering to the directors and employees) at the ratio of 1 warrant to 1 common share. The warrant holders can exercise their right once a year, based on the maturity date of every year after permitted from the SEC's office. This exercise date is June 26, 2007. the amendment of the Company's par value. Thus, the Exercise Ratio and Price of Warrants to Purchase Ordinary Shares of the Company are amended as balance 8,431,340 units 1 unit of warrant to 1 unit of ordinary share at exercise price of 0.695 Baht/share.

The company would like to report the results of warrant conversion to common shares as of June 26, 2007.

Individual Person
No of Warrants
No.of common shares

Therefore, the number of unexercised warrant remains 2,175,000 units.

Please be informed accordingly.


Yours Faithfully,


(Ms. Pissamai Saibua)
Chief Financial Officer