MCOT Public Company Limited 63/1 Rama IX Road, Huaykwang Bangkok 10310 Thailand Phone +66 (0) 2201 6000 Fax +66 (0) 2245 1435 E-mail Contact@mcot.net Ref: MCOT/ 6153/3133 October 8, 2009 The Stock Exchange of Thailand Attn: President Re: Joint Operation Contract with True Visions Group Dear Madam: We, MCOT Public Company Limited, have organized the Board of Directors' Meeting No. 16/2009 on October 8, 2009 at 15.00 hrs. at the Meeting Room, 6th Floor, MCOT Administration Building, 63/1 Rama IX Road, Huay Kwang District, Bangkok 10310. We would like to inform you that the Board of Directors' Meeting has resolved to approve the Joint Operation Contract of subscription television services to be made between MCOT Public Company Limited, True Visions Public Company Limited and True Visions Cable Public Company Limited as detailed below. 1. Approved True Visions Group's airing of advertisement on their subscription television channels not more than six minutes per hour. 2. True Visions Group shall pay MCOT Plc. 6.5 % of the gross revenue earned from advertisement before the deduction of any expenses each year. In addition, an indemnification agreement between MCOT Plc. and True Visions Group has been made as a result of the delisting of True Visions Public Company Limited causing them to make an indemnification payment of Baht 87,919,000, together with interest thereon, to MCOT Plc. True Visions Group requested to pay MCOT Plc. 12 monthly installments. Sincerely yours, (Mr.Thanachai Wongthongsri) Vice President - Office of Company Secretary MCOT Public Company Limited Company Secretary Department Tel. 0 2201 6388, 0 2201 6454 Fax: 0 2245 1854