FINANCIAL STATEMENTS AND ACCOUNTANTS' REVIEW REPORT ADVANCED INFO SERVICE PUBLIC COMPANY LIMITED AND SUBSIDIARY THIRD QUARTER ENDED SEPTEMBER 30, 1998 AND 1997 Accountants' Review Report To the Shareholders Advanced Info Service Public Company Limited: We have made a review of the consolidated balance sheet of Advanced Info Service Public Company Limited and subsidiary as at September 30, 1998, and the related consolidated statements of income, changes in shareholders' equity and retained earnings for the three-month and nine-month periods then ended, and the separate financial statements of Advanced Info Service Public Company Limited for the same periods, in accordance with standards established by the Institute of Certified Accountants and Auditors of Thailand. A review of interim financial information consists principally of obtaining an understanding of the system for the preparation of interim financial information, applying analytical review procedures to financial data, and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an examination in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion. The consolidated financial statements of Advanced Info Service Public Company Limited and subsidiary and the separate financial statements of Advanced Info Service Public Company Limited for the three- month and nine-month periods ended September 30, 1997 were reviewed by other auditors of the same Firm whose report dated October 31, 1997 stated that they were not aware of any material modifications that should be made to those statements in order for them to be in conformity with generally accepted accounting principles. We draw attention to Note 1 to the financial statements. The operations of Advanced Info Service Public Company Limited and its subsidiary since July 1997 have been affected and may continue to be influenced for the foreseeable future by the economic conditions in Thailand and the Asia Pacific Region in general. The ultimate effect that these uncertainties will have on stated values or classifications of assets and liabilities at the balance sheet date cannot presently be determined. Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles. Nirand Lilamethwat Certified Public Accountant Peat Marwick Suthee Limited Bangkok, October 26, 1998