To change office registration number

-Translation from Thai Text-

                                    May 23, 2006


Re:    To change office registration number


To:    The President
       The Stock Exchange of Thailand

Pico (Thailand) Public Company Limited would like to inform the Stock Exchange
of Thailand of the changing of office registration number from 39/4 Moo 9,
Bangna Sub-district, Bangna District Bangkok to 10 Soi Lasalle 56, Bangna
Sub-district, Bangna District, Bangkok 10260 with effective from 8 May 2006.

Please be informed accordingly.



                                        Sincerely yours,

                                          - Signature -
                                    (Mr. Pised Chungyampin)
                                           Director
                            Pico (Thailand) Public Co., Ltd.