Bangkok--13 Nov--MINOR Minor Corporation’s (Minor) total revenues increased by 14% in 3Q07 to Baht 834 million despite a weak retail business environment caused by declines in consumer confidence. Net profit was up 29% YoY to Bt 52 million as the contract manufacturing business achieved a 46% YoY increase in operating profit. Contract manufacturing operating profits and equity profits from an investment in Minor International (MINT) combined to offset a decrease in profits from the lifestyle brands distribution business. Minor currently holds 18.8% of MINT which has equity accounted for this investment since 3Q05. Minor’s contract manufacturing business, which accounted for 52% of total 3Q07 sales, achieved a 20% YoY increase in sales and a 46% YoY increase in net operating profit. Minor’s new factory, which began operating in 4Q04 and was built to accommodate new customers and support higher production volumes, has quickly established a leading position among contract manufacturers in Thailand. Minor is delighted with the performance of the factory and believes that there are significant opportunities to continue to expand the manufacturing business. Minor’s lifestyle fashion and cosmetic sales and distribution business, which accounted for 36% of total 3Q07 sales posted revenues of Baht 282 million which were in-line with last year. Fashion business sales revenue reported a 4% increase YoY while the cosmetic products reported a decline in sales of 14%YoY. Key marketing strategy for its lifestyle brands in this quarter was mainly on product and pricing re-positioning which has helped maintaining the sales revenues, but not the operating profits. In 3Q07, Minor’s equity accounted share of profit from MINT increased by 56% YoY as MINT’s net profit was Bt 371 million. Having increased its stake in MINT from 4.3% to 18.8% since 3Q05 by acquiring shares at Baht 4.0 per share, Minor’s investment in MINT has performed well with MINT’s share price increasing by 285% since the acquisition to Baht 15.40 per share as end of September 2007. The market value of Minor’s stake in MINT and MINT-W3 is currently Baht 9.0 billion. Minor Corporation (Minor) is a leading distributor of international lifestyle brands in Thailandfocusing primarily on fashion, cosmetics and education. Its brands include Esprit, Red Earth, Bossini, Timberland, Charles & Keith, JeansWest, Bloom, Laneige, Tumi, Henckels, Time Life, and World Book. It owns and operates one of Thailand’s leading contract manufacturers and maintains an investment portfolio of listed and private securities including a 18.8 % stake in Minor International. For more information on Minor, please visit www.minornet.com Minor Corporation’s (Minor) total revenues increased by 14% in 3Q07 to Baht 834 million despite a weak retail business environment caused by declines in consumer confidence. Net profit was up 29% YoY to Bt 52 million as the contract manufacturing business achieved a 46% YoY increase in operating profit. Minor’s contract manufacturing business, which accounted for 52% of total 3Q07 sales, achieved a 20% YoY increase in sales and a 46% YoY increase in net operating profit. Minor’s new factory, which began operating in 4Q04 and was built to accommodate new customers and support higher production volumes, has quickly established a leading position among contract manufacturers in Thailand. Minor’s lifestyle fashion and cosmetic sales and distribution business, which accounted for 36% of total 3Q07 sales posted revenues of Baht 282 million which were in-line with last year. Fashion business sales revenue reported a 4% increase YoY while the cosmetic products reported a decline in sales of 14%YoY. Key marketing strategy for its lifestyle brands in this quarter was mainly on product and pricing re-positioning which has helped maintaining the sales revenues, but not the operating profits. Having increased its stake in MINT from 4.3% to 18.8% since 3Q05 by acquiring shares at Baht 4.0 per share, Minor’s investment in MINT has performed well with MINT’s share price increasing by 285% since the acquisition to Baht 15.40 per share as end of September 2007. MINOR is a leading distributor of international lifestyle brands in Thailand focusing on fashion, cosmetics and education. It also owns and operates one of the Thailand’s leading contract manufacturers and an investment portfolio of listed and private securities. Press Contacts: Pratana Manomaiphiboon / Prapharat Tangkawattana / Jim Fralick at Tel: (662) 381-5151