Bangkok--12 Nov--TRIS Rating TRIS Rating Co., Ltd. has placed the company rating of Advance Agro PLC (AA) on CreditAlert with “developing” implication, following the announcement of a conditional purchase offer of 99.9997% of AA’s shares by Mr. Yothin Dumnerncharnvanit on 8 November 2007. The purchase offering is expected to be completed by the end of the first quarter of 2008, after which AA is expected to delist from the Stock Exchange of Thailand. This situation would not trigger the change of control clauses under the 11% foreign senior notes due in 2012 since Mr. Yothin is permitted to hold more than 35% of the voting stock of the company. Currently, Mr. Yothin holds the highest management position in the company even his shareholding is only 0.0003%. The purchase offering and the potential delisting may impact AA’s rating because its business and financial profiles might be changed. In addition, the delisting may cause concerns among creditors over the company’s disclosure practices. TRIS Rating will conduct an extensive review to determine the impact of this transaction on AA’s creditworthiness and will announce a rating update once the assessment has been completed. Advance Agro PLC (AA) Company Rating: BBB CreditAlert Designation: Developing