Bangkok--3 Jul--SET The Stock Exchange of Thailand (SET) has amended its procedures for listed companies not meeting free float requirements to ensure that an adequate minority shareholding is in place to maintain liquidity of a firm's securities. The amendments are summarized below: 1. The call-market measure has been cancelled, permitting all securities to be traded by the automatic order-matching (AOM) system. This will increase liquidity and the distribution of shares without affecting current minority shareholders. 2. SET allows each company in shortfall a one-year grace period to rectify their situation. Firms not complying with the requirement in that year will be notified of their position so that they can take corrective measures. If companies do not meet the free float criterion for two consecutive years, SET will publicly list their names and charge additional fees until the situation is remedied. To keep investors fully informed, each of these firms must report its progress on the matter every six months from the date of submission of the Distribution of Shareholding Report and until it complies. As to the 21 companies that have not met the free float requirement for two or more consecutive years, SET will take the following action: 1. For the 15 companies in breach for more than two years, currently traded on a call market basis: 1.1 From July 4, 2007, SET will cancel call-market trading, permitting the securities of the following 13 firms to be traded by the AOM system. 1. Bata Shoe Company of Thailand PCL (BATA) 2. City Sports and Recreation PCL (CSR) 3. Nam Seng Insurance PCL (NSI) 4. Patum Rice Mill and Granary PCL (PRG) 1/ 5. Pakfood PCL (PPC) 6. Rajadamri Hotel PCL (RHC) 2/ 7. Royal Orchid Hotel (Thailand) PCL (ROH) 8. Siam Commercial New York Life Insurance PCL (SCNYL) 9. Shangri-la Hotel PCL (SHANG) 10. Samitivej PCL (SVH) 11. Thai Agri Foods PCL (TAF) 12. Thanachart Bank PCL (TBANK) 13. United Flour Mill PCL (UFM) 1.2 From July 4, 2007, SET will cancel the call-market trading of two securities: Standard Chartered Bank (Thai) PCL (SCBT) 3/ and Hantex PCL (HTX). These two securities are currently suspended (SP) from trading. 2. The following six companies in breach for two consecutive years are currently traded normally: 1. Hua Thai Manufacturing PCL (HT) 2. Bangkok Ranch PCL (RANCH) 3. The Safety Insurance PCL (SAFE) 4. Shin Corporations PCL (SHIN) 5. United Communication Industry PCL (UCOM) 4/ 6. Vinythai PCL (VNT) Under the amended procedures, all 21 firms must: 1. Rectify the deficit within a year of their submission of Distribution of Shareholding Reports; 2. Report on the progress in rectifying the shortfall every six months, with the first report due on November 14, 2007 for companies whose fiscal year ends on December 31. The report must be submitted every six months until the free float requirement is met; 3. Where firms do not remedy the situation within a year, SET will charge additional fees for the following period (July 2008-June 2009) which will count as year 1 in the related fee schedule. The amount will be proportionate to the size of the shortfall in minority shareholding. (Details of procedures for dealing with listed companies not meeting the free float requirement can be downloaded from www.set.or.th , "Circular Letter of Listing and Disclosure Department" no. 28/2007 dated June 13, 2007. Firms' progress reports will be posted at www.set.or.th , "Listed Company Info.", "List of companies not meeting free float requirement".) 1/ PRG's fiscal year ends on June 30. 2/ RHC is in the process of voluntary delisting, with Hua Hin Resort Co., Ltd. as the tenderer and the tender period beingApril 25, 2007 to June 29, 2007. 3/ SCBT is in the process of voluntary delisting, having Standard Chartered Bank, which is the majority shareholder holding a 99.8% stake, as the tenderer. A shareholder meeting will be held on July 10, 2007 to seek approval to delist its securities. 4/ UCOM is in the process of voluntary delisting, with Total Access Communication PCL (DTAC) as the tenderer. The company received shareholders' approval to delist on April 30, 2007.