Ref: MCOT/ 6124/1890 August 14,2007 The Stock Exchange of Thailand Attn: President Re: Resolutions of the Board of Directors' Meeting No. 13/2007 Dear Madam: We, MCOT Public Company Limited, have organized a meeting of the Board of Directors No. 13/2006 on August 14, 2007 at 11.00 a.m. at the Meeting Room, 6th Floor, MCOT Administration Building, 63/1 Rama IX Road, Huay Kwang Sub-District, Huay Kwang District, Bangkok 10310. We would like to inform the Stock Exchange of Thailand that the Board of Directors approved the following resolutions : 1. Approved the Company's balance sheet and statement of profit and loss for the three-month period and six-month period ended June 30, 2007. 2. Approved an interim dividend payment for the first six-month period of 2007 of Baht 0.55 per share. 3. Approved the closing date of the shareholder registration book for the rights to receive the interim dividend on August 28, 2007 at 12.00 a.m. and the payment date on September 11, 2007. Sincerely yours, (Mr. Polchai Vinijchaikul) Acting Vice President, Legal Affairs and the Company's Secretary Office MCOT Public Company Limited Investor Relations Tel. 0 2201 6388 ,0 2201 6454 Fax: 0 2245 1854 Explanation and Analysis on the Company's Operating Results based on the Financial Statements for the three-month and six-month periods ended June 30, 2007. The Overview of the Company's and its Subsidiary's Operating Results. Unit : Million Baht (Reviewed) Jan-Mar 07 Apr-Jun 07 %Change Total Revenues 841 927 10 TV Revenues 453 517 14 Radio Revenues 172 206 20 Joint operation and others 216 204 -5.5 Total Expenses 525 593 13 Net Profit 231 242 5 EPS 0.34 0.35 3 Unit : Million Baht (Reviewed) Apr-Jun 07 Apr-Jun 06 %Change Total Revenues 927 1,135 -18 TV revenues 517 732 -29 Radio Revenues 206 208 -1 Joint operation and others 204 195 4.6 Total Expenses 593 608 -2 Net Profit 242 395 -39 EPS 0.35 0.57 -39 Unit : Million Baht (Reviewed) Jan-June 07 Jan-June 06 %Change Total Revenues 1,769 2,081 -15 TV revenues 972 1,312 -26 Radio Revenues 376 385 -2 Joint operation and others 421 384 10 Total Expenses 1,118 1,132 -1 Net Profit 473 710 -33 EPS 0.69 1.03 -33 Note: The Company's operating results presented in its financial statements were different from those presented in the consolidated financial statements due to a change in accounting method in recording investments in subsidiaries and joint ventures in the Company's financial statements. According to the Company's operating results for the second quarter of 2007 (April -June 2007), its total revenues decreased 18%, compared with those of the same period last year, but increased 10%, compared with those of the first quarter of 2007, the details of which are as follows: Television Television revenues decreased 29 %, compared with those of the same period of 2006, due to the fact that the total advertising spending on television in the second quarter of 2007 fell 9% from last year, resulting in a decrease in Modernine TV's market share. In addition, there was no major change in its TV programming, except for the non-prime time programming, consequently, clients' response was not as good as that of last year. The Company has revamped its programming in July 2007, with a focus on news and late-night programmes at 11 pm. Besides, during the second quarter of 2006, the Company earned revenues from many government-and-private-sector sponsored projects, as well as from such seasonal programmes as the World Cup,the singing contest "The Star", and the General Election, while only a few projects were launched in early 2007. The Company started earning more revenues from a few government-sector sponsored projects since May 2007 and there was no seasonal programme during that period. Nevertheless, a 14% rise of television revenues in the second quarter as a result of an increase in advertising revenue and that of special projects, compared with those of the first quarter of 2007, is considered an improvement. Radio Radio revenues decreased 1%, compared with those of the same period of 2006, resulted from a decline in revenues from government-and-private-sector sponsored projects. However, due to the Company's strength in marketing and sales, radio revenues increased 20%, compared with those of the first quarter of 2007, even though the total advertising spending on radio in the first half of 2007 fell 5%. Expenses The expenses decreased 2%, compare with the same period last year, due to a decline in the costs of TV production, particularly those of special projects, as well as improved efficiency in controlling sales and administrative expenses. Net profit The Company's net profit in the second quarter of 2007 was Baht 242 million, down 39% or Baht 0.34 per share. The net profit in the first six months of 2007 was Baht 473 million, down 33% or Baht 0.69 per share. With total assets of Baht 8,115 million, total liabilities of Baht 1,396 million and total shareholder's equity of Baht 6,718 million, MCOT Plc.'s financial position remains strong.