TRIS Rating Co., Ltd. announces today that the Bt1,000 million senior debentures (NMG092A) of Nation Multimedia Group PLC (NATION) was mature following the resolution of NATION’s debenture holders meeting held on 12 February 2008 to early redeem the company’s debentures from 26 February 2009 to 18 March 2008. At the same time, TRIS Rating said that the company rating of NATION remains unchanged at “BBB” with “stable” outlook, which reflects the sustained strong market positions of the company’s newspapers, “Krungthep Turakit” and “The Nation” and its ability to be a content provider for various media, and the competence of its management team. However, these strengths are partially offset by the company’s high financial leverage and the challenging operating environment of the newspaper business, including a slowdown in advertising for the newspaper segment and sustained high newsprint prices. NATION’s “stable” outlook reflects TRIS Rating’s expectation that the company will maintain its strong position in the daily newspaper publisher business and that advertising spending should recover in the medium term. TRIS Rating expects that management will continue to pursue cost saving programs and the company’s adjusted debt will continue to decline. NATION’s success in selling its non-core assets and using the proceeds to reduce debt will help improve its financial profile from its current weak level. -- End Nation Multimedia Group PLC (NATION) Company Rating: BBBRating Outlook: Stable-------------------------------------------------------Copyright 2008, TRIS Rating Co., Ltd. All rights reserved. Any unauthorized use, disclosure, copying, republication, further transmission, dissemination, redistribution or storing for subsequent use for any purpose, in whole or in part, in any form or manner or by any means whatsoever, by any person, of the credit rating reports or information is prohibited. The credit rating is not a statement of fact or a recommendation to buy, sell or hold any debt instruments. It is an expression of opinion regarding credit risks for that instrument or particular company. The opinion expressed in the credit rating does not represent investment or other advice and should therefore not be construed as such. Any rating and information contained in any report written or published by TRIS Rating has been prepared without taking into account any recipient’s particular financial needs, circumstances, knowledge and objectives. Therefore, a recipient should assess the appropriateness of such information before making an investment decision based on this information. Information used for the rating has been obtained by TRIS Rating from the company and other sources believed to be reliable. Therefore, TRIS Rating does not guarantee the accuracy, adequacy, or completeness of any such information and will accept no liability for any loss or damage arising from any inaccuracy, inadequacy or incompleteness. Also, TRIS Rating is not responsible for any errors or omissions, the result obtained from, or any actions taken in reliance upon such information.