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Report the Results of Warrant conversion (ESOP-4)

BackJul 16, 2007

SET018/2007

July 16, 2007

The President The Stock Exchange of Thailand

Re : Report the Results of Warrant conversion to common shares (ESOP-4)

Since SVI Public Co., Ltd. has issued 5,500,000 warrants of ESOP, to have a right to exercise on ordinary shares, offering to the directors and employees with an exercise price at Baht 10.00 per share at the ratio of 1 warrant to 1 common share. The warrant holders can exercise their right as below, based on the maturity date of every year after permitted from the SEC s office.

1st Exercise date 15th October 2006 2nd Exercise date 15th January 2007
3rd Exercise date 15th April 2007 4th Exercise date 15th July 2007
5th Exercise date 15th October 2007 6th Exercise date 15th January 2008
7th Exercise date 15th April 2008 8th Exercise date 15th July 2008
9th Exercise date 15th October 2008    

Regarding 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 37,666,670 units 1 unit of warrant to 1 unit of ordinary share at exercise price of 1.00 Baht/share.

This exercise date is July 15, 2007. The company would like to report the results of warrant conversion to common shares as of July 15, 2007.

Individual Person
Nationality
No of Warrants
No. of common shares
4
Thai
1,350,000
1,350,000
1
American
300,000
300,000

Therefore, the number of unexercised warrant remains 36,016,670 units.

Please be informed accordingly.

 

Yours Faithfully,

 

(Ms. Pissamai Saibua)
Chief Financial Officer