Ref: MCOT/6124(1)/1017 20 April 2006 The Stock Exchange of Thailand Attn : The President Re: Use of Proceeds from the IPO As being listed in the Stock Exchange of Thailand on 17 November 2004, the total proceeds received by the Company after the deduction of underwriting remuneration as of 31 December 2005 are as follows: Baht Issued and fully paid-up capital 87,099,210 ordinary shares 435,496,050 at the price of Baht 5 each Premium on share capital 1,106,802,869 Total Proceeds 1,542,298,919 The Company hereby submit the report of the use of proceeds from the IPO as of 31 March 2006 as stated in the table attached herewith. Sincerely yours, (Mr. Thanachai Wongthongsri) Acting Vice President, Legal Affairs and the Company s Secretary Office MCOT Public Company Limited Corporate Law Department Tel. 0 2201 6038-9 Fax: 0 2245 1435 Use of Proceeds Details Amount (MM Baht) 1.Expanding The expanding of the - Radio networks networks in involes with And television new frequency which is relay stations. required the permission granting from the NBC. Hence,the expansion can be done only after the setting up of NBC is completed. 2.Upgrading 5 television stations have 34.863 broadcast been upgraded which equipment in are Maehongsorn,Trang, radio and Loei,Satun and Nakon Sawan television relay stations both in the central and regional areas. 3.Improving the Training courses for radio, 4.318 production Television and New staff Capability and and selection of programs for the Company s Various medias. 4.Investing in Replacement,maintenance 371.630 infrastructure and supply back up equipment to support future for digital broadcast digital broadcast Use of Proceeds Details Amount (MM Baht) 5.Investing in the Under the discussion with - Asia Regional Internation News Agency. Hub of Communica- and MCOT building is cation project under renovation for the office of International News Agency 6.Investing in the L.E.K. Consulting - MCOT TV (ASIA PACIFIC) LLP is Project acting as the advisor of the project,and L.E.K. already submitted the feasibility study to the Board of the company Meeting No.3/2005 date 23 March 2005. The resolutions are as follows; The Meeting acknowledged the feasibility study proposed by L.E.K. consulting (ASIA PACIFIC) LLP and instructed the management to follow up on 1.To do additional feasibility study 2.To seek for strategic partners Currently,the project is under the Preliminary study stage. The result Of the additional feasibility study Will be submitted to the Board of the Company, and then the resolution of the Meeting will be informed to SET. Total 410.811