Ref: MCOT/ 6100/2685 November 12, 2007 The Stock Exchange of Thailand Attn: President Re: Approved the third quarter 2007 result and the new Chairman Dear Madam: We, MCOT Public Company Limited, have organized a meeting of the Board of Directors No. 17/2007 on November 12, 2007 at 15.00 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 nine-month period ended September 30,2007. 2. Approved the appointment of Mr.Charnchai Soontharamut, First Vice Chairman, as the new chairman due to the fact that the position as the director of MCOT of Mr.Boonplook Chaiket, chairman, will come to an end on 20 November 2007 due to the age of 65 years. And approved the appointment of Mr.Chulayuth Hirunyavasit, director, as the First Vice Chairman. 3. Approved the cancellation of the Resolution of the Board of Directors Meeting No.16/2007 dated 26 October 2007 relating to the assignment Of Mr.Chanchai Soontharamut, Chairman of the Audit Committee and the Independent director, as a proxy to vote on behalf of shareholders who cannot attend the EGM No.1/2007 on 30 November 2007. 4. Assigned Mrs. Wilasinee Adulyanont, Audit Committee and the Independent director, as a proxy to vote on behalf of shareholders who cannot attend the EGM No.1/2007 on 30 November 2007. Sincerely yours, (Mr. Polchai Vinijchaikul) Vice President Legal Affairs Office MCOT Public Company Limited Investor Relations Tel. 0 2201 6388 ,0 2201 6454 Fax: 0 2245 1854 Management' s Discussion and Analysis on the Company's Operating Results based on the Financial Statements for the three-month periods ended September 30, 2007 Overview of the Company and its Subsidiary Result of Operations Unit : Million Baht (Reviewed) July-Sep 2007 July-Sep 2006 % Change (YoY) Total Revenues 1,082 1,160 -7 TV Revenues 668 764 -13 Radio Revenues 216 204 6 Joint operation and others 198 192 3 Total Expenses 669 580 15 Net Profit 299 391 -24 EPS 0.44 0.57 -23 Unit : Million Baht (Reviewed) July-Sep 2007 April-June 2007 % Change (QoQ) Total Revenues 1,082 927 17 TV Revenues 668 517 29 Radio Revenues 216 206 5 Joint operation and others 198 204 -3 Total Expenses 669 593 13 Net Profit 299 242 24 EPS 0.44 0.35 26 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 third quarter of 2007 (July - September 2007), its total revenues decreased 7%, compared with those of the same period last year, but increased 17%, compared with those of the second quarter of 2007, the details of which are as follows: Television Television revenues decreased 13 % (YoY), compared with those of the same period of 2006, but surged 29% (QoQ) when compared to those of second quarter 2007. Specifically, while the total advertising spending on television increased only 9% QoQ, but MCOT's share of the total advertising spending on television went up 19% QoQ. As a result of the more popularity in the news program caused by the program reshuffle in July 2007, and also the special projects, such as 24th Unisersiade, Bangkok 2007, Academy Fantasia 4 (AF4). Radio Radio revenues kept continually increased 6% YoY, and 5% QoQ, even though the total advertising spending on radio fell 5% QoQ due to the Company's strength in marketing and sales. In addition, such activities and events to promote radio stations finally paid off. Expenses The expenses went up 15% YoY due to the increase in the costs of TV and radio production, as well as the increase in the SG&A. The surge in the expenses was in accordance with the increase in salary expenses for the TV news staffs and marketing staffs, and the increase in the expenses for the special live program. Net profit The Company's net profit in the third quarter of 2007 was Baht 299 million, down 24% YoY but up 24% QoQ. Earning per share (EPS) is equal to Baht 0.44. With total assets of Baht 8,273 million, total liabilities of Baht 1,631 million and total shareholder's equity of Baht 6,643 million, MCOT Plc.'s financial position remains strong.