Re: Submission of Financial Statement as of Quarter 3/1997 Enclosure: 1. Unauditted interim financial statement as of Quarter 3/1997 ended September 30, 1997 and 1996 2. Summary of financial status and operation Advanced Info Service Plc. would like to submit its Unauditted financial statement as of Quarter 3/1997 ended September 30,1997 and 1996 along with the summary of financial status and operation. Additionally, the decrease of quarter 3/1997 net profit from the same quarter of 1996 of more than 20% is due to the fact that the company had recorded the total loss from Foreign Exchange in quarter 3/1997 totaling Baht 573 Million which had recorded in 2 separate item as follow: 1. Loss on exchange included in the Selling and Administrative Expense of Baht 94 Million. 2. Adjustment of net effect derived from the change in exchange rate system amount Baht 335 Million (net of income tax effect of Baht 144 Million) Summary of Financial Statement Advanced Info Service Plc. (Unauditted) Balance Sheets As at September 30, 1997 and 1996 (Amounts in Thousand Baht) 2540 2539 Total Current Assets 9,073,440 4,952,849 Total Assets 30,140,124 19,158,234 Total Current Liabilities 12,186,979 6,258,984 Total Shareholders Equity 11,506,241 9,656,685 Statement of Income Ended September 30, 1997 and 1996 Three month Ended Nine month Ended September 30, September 30, 1997 1996 1997 1996 Service income 3,521,110 2,845,454 9,771,791 8,439,279 Net result of investment in subsidiary company 17,155 5,053 49,805 21,616 Other income 110,248 105,360 191,046 421,045 Cost of services 1,557,285 1,096,673 4,062,751 3,460,469 Selling and administrative expenses *673,086 517,778 **1,763,248 1,359,142 Interest expense 179,489 41,542 282,450 160,968 Directors remuneration 1,680 1,290 3,880 3,970 Other expenses - 11,925 1,500 31,653 Income tax (374,954) (398,709) (1,200,443) (1,193,055) Net income before adjust- ment of net effect derived from the change in exchange rate system 862,019 887,950 2,698,370 2,672,683 Adjustment of net effect derived from the change in exchange rate system (335,415) - (335,415) - Net income 526,604 887,950 2,362,955 2,672,683 Earnings per share (Baht) 2.25 3.79 10.10 11.42 *Include loss on exchange amounting to Baht 94 Million **Include loss on exchange amounting to Baht 82 Million Summary of Financial Statement Advanced Info Service Plc. and Subsidiaries (Unauditted) Consolidated Balance Sheets As at September 30,1997 and 1996 (Amounts in Thousand Baht) 1997 1996 Total Current Assets 10,054,662 5,882,367 Total Assets 31,745,701 20,644,853 Total Current Liabilities 13,399,239 6,665,980 Total Shareholders Equity 11,506,241 9,656,685 Consolidated Statement of Income Ended September 30, 1997 and 1996 Three month Ended Nine month Ended September 30, September 30, 1997 1996 1997 1996 Service income 3,895,821 3,196,422 10,882,930 9,414,546 Sales 100,900 - 183,921 - Other incomes 119,966 127,584 236,812 494,522 Cost of services 1,620,450 1,194,699 4,282,584 3,687,655 Cost of sales 85,861 - 165,634 - Selling and administrative expenses *902,086 735,022 **2,437,931 2,001,655 Interest expense 199,276 57,577 334,859 202,185 Directors remuneration 1,725 1,335 3,925 4,015 Other expenses 12,400 20,471 35,500 58,796 Income tax (406,567) (417,483) (1,284,591) (1,249,369) Net Income before adjustment of net effect derived from the change in exchange rate system 888,322 897,419 2,758,639 2,705,393 Adjustment of effect derived from the change in exchange rate system (344,182) - (344,182) - Less share of net income of subsidiary to minority interest (17,536) (9,469) (51,502) (32,710) Net income 526,604 887,950 2,362,955 2,672,683 Earnings per share (Baht) 2.25 3.79 10.10 11.42 *Include loss on exchange amounting to Baht 102 Million **Include loss on exchange amounting to Baht 94 Million