Bangkok--21 May--SET Thai Tap Water Supply PCL, Thailand’s largest private tap water supplier, will list on The Stock Exchange of Thailand (SET) in the Resources Group on May 22, 2008, after successfully raising THB 2.94 billion (approx. USD 90.8 million) in new capital to, among other purposes, settle short-term loans. TTW’s 700 million common capital increase shares were priced at THB 4.20 per share. The company will use the trading symbol “TTW”, SET Executive Vice President Vichate Tantiwanich said. TTW has a paid-up registered capital of THB 3.99 billion (approx. USD123.3 million), consisting of 3.25 billion common shares and 740 million common capital increase shares, both at a par value of THB1.00. During December 3-4, 2007, the firm offered 40 million shares to board members and employees at THB 1.20 a share. TTW’s policy is to pay a dividend only when it is financially capable. In those circumstances, TTW will pay to its shareholders the highest possible rate that its cash and cash flow allow - and that the amount will not be less than 50% of its net profit after corporate tax and reserves as required by law and relevant contracts. The company’s price/earnings (P/E) ratio is 13.8, based on Q1/08 net profit (annualized figures), extrapolated for the complete year, including all paid-up shares, and expected demand from both local and foreign institutional investors. TTW produces and distributes tap water to Provincial Waterworks Authority (PWA), to replace underground water use and to increase the water supply to consumers in five districts, including Nakorn Chaisri, Sampran and Budha Monthon in Nakhon Pathom province and the district of Kratumban and Muang Samut Sakorn in Samut Sakorn province. The company has a 30-year water supply contract with PWA (ending July 20, 2034). Its subsidiary, Pathum Thani Tap Water Co., Ltd., produces and supplies tap water for PWA in the districts of Pathum Thani and Rangsit in Pathum Thani province under a 25-year contract (ending October 14, 2023). To accommodate future demand, TTW’s current tap water production capacity of 320,000 cubic meters per day will be expanded to 420,000. The firm’s three major shareholders are CH. Karnchang PLC, Mitsui Water Holding (Thailand) Co., Ltd. and Bangkok Expressway PLC, which hold 35.26%, 25.88% and 9.24%, respectively, of all paid-up registered capital after IPO. For more information on TTW, please visit www.thaitap.com, the SET website at www.set.or.th or Settrade.com website at www.settrade.com and learn more about the company from its prospectus at www.sec.or.th.