-Translation from Thai Text-
22 September 2006
Subject : Investment in Design Lab MISC Co., Ltd.
To : The President
The Stock Exchange of Thailand
The Board of Directors' Meeting of Pico (Thailand) Public Company Limited,
("Pico") No. 6/2005 held on December 9, 2005 has approved to invest in the
following company.
1.Approved Pico's investment in Design Lab MISC Co., Ltd.
1.Date of transaction March 31, 2006
2.Company's name Design Lab MISC Co., Ltd.
3.Registered capital Baht 2.0 million
4.Shareholding structure Mr.Nopadol Limwattanakul holds 80%
Pico (Thailand) Plc. holds 20%
5.Source of funds Company's working capital
6.Propose To engage in the business of design such as
Architecture design, the interior design and
exhibition & event design, printing matters
and multimedia electronic
7.Expect returns Dividend received
8.Transaction type The investment in the above is the
acquisition an disposal of assets of which total transaction value is less
than 15% of Net Tangible Asset (NTA), and the characteristic of transaction
are not the connected transactions by Notification of the Board of Governors
of the Stock Exchange of Thailand. Therefore, the Company herein discloses
the relevant details to the Stock Exchange of Thailand
Please be informed accordingly
Yours sincerely,
(Signed) -Signature-
(Mr. Pised Chungyampin)
Chief Executive Officer
Pico (Thailand) Public Company Limited