Ref: MCOT/6124(1)/1877 25 July 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 March 2006 are as follows: Issued and fully paid-up capital 87,099,210 ordinary shares at the price of Baht 5 each 435,496,050 B Premium on share capital 1,106,802,869 B Total Proceeds 1,542,298,919 B The Company hereby submit the report of the use of proceeds from the IPO as of 30 June 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 Amount (MM Baht) 1. Expanding radio networks and television relay stations. The expanding of the networks - involves with new frequency which is required the permission granting from the NBC. Hence, the expansion can be done only after the setting up of NBC is completed. 2. Upgrading broadcast equipment in radio and television relay stations both in the central and regional areas. 5 television stations have been 34.863 MM upgraded which are Maehongsorn, Trang, Loei, Satun and Nakhonsawan 3. Improving the production capability and selection of programs for the Company s various medias. Training courses for Radio, Television 7.886 MM and News staff 4. Investing in infrastructure to support future digital broadcast. Replacement, maintenance and supply 378.979 MM back up equipment for digital broadcast 5. Investing in the Asia Regional Hub of Communication project. Under the discussion with - International News Agency. And MCOT building is under renovation for the office of International News Agency 6. Investing in the MCOT TV Project. L.E.K.Consulting (ASIA PACIFIC) - LLP is acting as the advisor of this project, and L.E.K. already submitted the feasibility study to the Board of the company Meeting No.3/2005 dated 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 421.728 MM