Bangkok--25 Jan--SET The extraordinary meeting of shareholders of BLISS-TEL PCL (BLISS), convened on Jan. 22, 2008, has passed a resolution to disapprove the allotment of 1,575 million shares (par value of 0.10 baht/share) to existing shareholders at the offering price of 0.15 baht/share with the vote of 26.54% of eligible shareholders attending the meeting (58.76% approved and 14.70% abstained). BLISS then changed the means of allotment to private placement in the shareholders' meeting. (Details as per BLISS news on SET SMART dated Jan. 23, 2008) Several Jan. 23, 2008 newspapers quoted an interview with Mr. Attavit Ektanitphong, Managing Director of BLISS, that the reasons shareholders did not approve the capital increase were that they did not see its necessity at this moment as the company still had sufficient working capital for business expansion as well as that an increase in capital would cause dilution effects on security prices. The SET, therefore, requires BLISS to clarify the followings: 1) The fact of the interview and why shareholders disapproved the capital increase. 2) Reasons that BLISS still proposed the shareholders' meeting to approve the allotment of shares by means of private placement, adding up from 1,372 million shares to 3,472 million shares, while shareholders saw that the company did not need to raise funds at the moment. Please state the necessity, along with the objectives of capital increase and specific time frames. 3) Why did BLISS choose to do private placement instead of other alternatives and proposed by whom? Please explain how such the alternative was appropriate, along with the effects both pros and cons of private placement. Private placement would cause further decrease in control dilution to the existing shareholders affecting both on profit sharing or rights to vote. As a matter of fact, capital increase or change in allotment of shares is important, especially any changes in material conditions. In accordance with the codes of good governance, the company should disseminate the reasons and necessity, together with effects of such the matter. The company should also provide sufficient time for all shareholders to thoroughly consider all supporting information before making decision. In addition, many newspapers were also reported an interview with Mr. Attavit that "Investment portfolio of the company has a size of approximately 800-900 million baht." Nevertheless, BLISS has informed via SET that the company's board of directors had fixed the investment line to be no more than the company's paid-up capital at any time which currently is 315 million baht. (Details as per BLISS news on SET SMART dated June 7, 2007) The SET, therefore, requires BLISS to clarify why the company's investment portfolio has exceeded the investment line to which the company previously informed on SET's system. Please submit the clarification to the SET within Jan. 29, 2008. Details of changes in allocation of 5,850 shares increased at par value of Baht 0.10 Allocation Million of Shares Old New 1) Reserved for BLISS-W1 690 690 2) Right offering to shareholders as shown on 1,575 - shareholder list on Jan. 2, 2008 3) Reserved for BLISS-W2 1,863 1,338 BLISS will set the closing date of share registration to determine the rights toreceive BLISS-W2 after the office of the SEC grants approval to issue BLISS-W2. 4) Reserved for ESOP-W allocated to Mr. 350 350 Attavit Ektanitphong (MD) 5) Private placement as well as reserved for 1,372 3,472 any adjustments to warrants