Information regarding the exercise of TFD-W1 March 31, 2006

Translation

Ref. AIT/06 - 184
                                       March 16, 2006


Subject:      Information regarding the exercise of TFD-W1
To:           All Warrant Holders

Thai Factory Development Public Company Limited would like to report on the
information regarding the process of exercising the TFD-W1 as the following
details.

1. Date and time for submission of Exercise Intention
       The submission period shall be on working day from the 24th to
       the 30th March 2006 during the hours of9:00 A.M. to 4:00 P.M.
2. Exercise date
       For the end of 1st Quarter 2006, the exercise date is March 31, 2006.
3. Exercise Price
       Baht 1 per share
4. Exercise Ratio
       1 warrant for 1 ordinary share
5. Documents to be submitted
   5.1  The completed subscription form
   5.2  Warrant certificate or the substitution of warrant
        certificate (forscripless)
   5.3  Cheque, draft, or bank order collectable within
        Bangkok Metropolitan made payable to account
        "TFD for Account of Share Subscription"
   5.4  Documents for warrant exercise
         a) Thai nationality natural person    :A certified correct copy
                                                of identification card
         b) Foreign nationality natural person :A certified correct copy
                                                of the Affidavit


-2-




  c) Juristic person,established in Thailand :A certified correct copy of
                                              the company,issued by Ministry
                                              of Commerce together with
                                              the evidence of the authorized
                                              persons as specified in the
                                              clause (a) or (b)
  d) Juristic person,established outside Thailand :Juristic registration with
                                                   notary public certification
                                                   together with  the evidence
                                                   of the authorized persons
                                                   as specified in the above
                                                   clause (a) or (b)

6.   Contact Place
     Finance and Accounting Department
     Thai Factory Development Public Company Limited
     Head office, 10th floor, JC Kevin Tower,
     98 Narathiwat-Rachanakarin Rd.,
     Yannawa, Sathorn, Bangkok 10120
     Tel.  (662) 676-4031
     Fax. (662) 676-4038-9


           Please be informed accordingly.



                               Faithfully Yours,




                           Ms. Siriphon  Pinprayong
                          Assistant Managing Director
                    Administration Information Technology