Bangkok--15 Aug--PR One Network SC Asset disclosed its 1H08 result with presales of 2,193 MB, an increase of 92% YoY, and posted realized revenue at 1,911 MB, an increase of 17% YoY. The company is confident that it will be able to achieve its target growth and ready to aggressively move forward in 2H08 with 5 new projects in Bangkok’s prime locations with a total project value of 2.1 BN. First of the new projects to be seen in the market is Vista Park Viphavadi Townhome 2 to be built under the concept of ”Privacy Living in The City” . Mr. Attapol Sariddipuntawat, Executive Vice President — Corporate Support of SC Asset Corporation Pcl. or SC, revealed today about the company’s 2Q08 result that the company posted its total revenue at 958 MB, an increase of 34% YoY, mainly contributed by Property for Sales (757 MB) and Income Property (199 MB). Out of that figure, the company delivered a net profit of 129 MB. As for 1H08 result, the company could deliver a presales of 2,193 MB, a 92% increase YoY, and a total revenue of 1,911 MB, an increase of 17% YoY, for a net profit of 280 MB. At the end of 2Q08, the company’s consolidated assets have reached 8,761 MB. The 1H08 results, the company is highly confident that it will be able to achieve its target revenue. In addition to its quantitative developments, the company also earned an ”Excellent” award for the 2nd consecutive years for its successful organization of its Annual General Meeting (AGM) by the SEC, the Thai Investor Association and the Listed Companies Association. The prize, which is jointly organized and awarded to the winner for the 3rd Year based on AGM qualitative evaluation, is aimed to stimulate each and every listed company to become aware of the importance of AGM organization so that they rely on stakeholders’ right and equality into consideration and organize their AGM in accordance with international standards. However, the current fluctuating oil price has resulted in rising prices of products and services and tremendously affected business operators as well as the purchasing power of the consumers. This factor also has an impact upon the property sector and resulted in rising construction cost of 10-15%. This situation has prompted property developers to work harder, to efficiently manage their costs, to truly understand the consumers’ needs through researches and studies on consumer behavior, and to properly position their products in concert with its targets. Toward this end, SC Asset has focused its efforts towards B class target upwards, which are targets with real demands, purchasing power and debt service ability.Mr. Kree Dejchai, Executive Vice President — Property Development Low Rise further elaborated about the company’s development plan in 2H08 that the company has a plan to develop 5 new projects with a total value of 2.1 BN including 2 single detached house and 3 townhomes. Lately, the company has launched its luxurious Vista Park Viphavadi Townhome 2, a 3-story modern resort styled townhome with usable area of 193 SQM at a starting price of 5 MB. The project, which is built under the ”Privacy Living in The City” concept, sits on a 4-rai and consists of only 37 units. It is conveniently located on Viphavadi-Rangsit Road, provides easy access to Don Muang Tollway, and perfectly practical designed to suit every day’s functions with its Cozy Sky Living Space, which could be converted into a private corner, a work station, or a family corner. Moreover, all units are equipped with an ADSL port, security care with 24-hour , CCTV, Access Card Control and a shared garden. In 3Q08, the company has a plan to official launch new projects including Life Bangkok Boulevard Phet Kasem 81 and Vista Avenue Phet Kasem 81, which will be built based on the ”New Community” concept and a total area of 72 rai for a total project value of 1.2 BN, and Townhome Vista Park Chaengwattana. Moving forward, the company also has a plan to develop its existing land bank into 3 other new projects in 2009 and seriously considers buying more lands for its future developments in 2009 — 2010. Given its untiring efforts to project, housing and interior design, which could truly respond to its target needs, as well as a complete CRM system to continuously foster its relation with its current customers and its targets, the company strongly believes that it will certainly be able to attain its target in years to come. Further information Please contact PR One Network Company Limited, Ms. Patthira Buri, Ms. Utaiwan Chuchuen Tel 02-937-4518-19 Fax 02-937-4527, 02-937-4510 Email: [email protected], [email protected]