Bangkok--22 Feb--Shin Satellite Shin Satellite Public Company Limited (“SATTEL”) today reported its 2007 Financial Results ended December 30th, 2007. Total revenue was Baht 12,799 million, which increased 43% from 2006 due mainly to the gain of Baht 5,127 million on the sales of 49% shares in Shenington Investments Pte. (“SHEN”) Revenue from IPSTAR increased from 2006 with the total sales of 38,011 IPSTAR User Terminals. Currently, the Company has delivered 104,067 IPSTAR User Terminals across the Asia-Pacific region. The increase in the revenue of IPSTAR in 2007 mainly resulted from the continued successful deployment of IPSTAR services in Australia serving the rural market. While in Thailand, TOT Plc has continued to deploy IPSTAR User Terminals to supplement it existing telephone line network and internet broadband services nationwide. At present, the Company completed the installation of 10 IPSTAR Gateways in 7 countries including Thailand, Vietnam, Australia (2 gateways), New Zealand, Myanmar, China (3 gateways) and Cambodia. Within the first half of 2008, the Company plans to complete the construction of four gateways and provide full commercial services in Malaysia, The Philippines, Korea and Indonesia. Revenues from telephone business services in Cambodia (Cambodia Shinawatra Co., Ltd.: CamShin) and Laos (Lao Telecommunications Co., Ltd.: LTC) increased by the continued growth of the mobile subscribers. The number of mobile subscribers of CamShin and LTC increased 39% over the previous year with total of 1,261,510 mobile subscribers at the end of 2007. However, the Company has recognized 8% decrease on revenue compared to 2006 due to the sales of its shares in Shenington Investments since July 26th, 2007. LTC declared a dividend of US$ 12 million for 2007, of which 24.99% or US$3 million will be paid to the Company for its 51% share in Shenington Investments. In addition, CS Loxinfo Plc. (CSL) also declared a dividend at Baht 0.40 per share for the year 2007. In the Internet access and media businesses, the revenue was Baht 243 million, an increase of 203.8% or Baht 163 million over the year 2006. This was due to an increase in revenue from sales of the DTV product, a low cost Ku-band satellite dish and set top box. As of 2007, total sales of DTV were 101,167 units. In 2007, the Company has also launched two new products, “HD Cinema”, the HDTV push video-on-demand service via the THAICOM-4 (IPSTAR) and “Wiworld”, an automatic tracking - mobile TV satellite dish for vehicle via THAICOM-5. Shin Satellite’s consolidated financial statement reported a net profit of Baht 3,040 million which the interest expense decreased Baht 145 million, or 15%, compared to 2007. Also the continuation of the Baht appreciation resulted in a gain on exchange of Baht 1,050 million. CONTACT: Ms. Piyanuch Sujpluem Corporate Communications Shin Satellite Public Company Limited: 41/103 Rattanathibet Road, Nonthaburi, 11000, Thailand Phone: +66 (0) 2591-0736 to 49 Ext. 8494; Fax: +66 (0) 2591 070; Mobile: +66 (08) 1807-7822 E-mail: [email protected] www.thaicom.net