FURTHER CLARFICATION

07 January 1999
Re : Further Clarification Reference is made to our previous report that Singapore Telecom Interna- tional Pte. Ltd. (STI) has proposed to acquire the ordinary shares in Advanced Info Service Plc. (ADVANC). The company would like to clarify as follows : 1. The percentage of share holding in ADVANC of Shin Corporation Plc. (SHIN) as follows : Case Percentage of share holding in ADVANC SHIN STI Minorities 1.SHIN sold ADVANC's share to STI of 18 million shares 40.63 20.00 39.37 2.SHIN sold ADVANC's share to STI of 14.3 million shares 42.00 18.63 39.37 2. After ADVANC has acquired ordinary shares of Shinawatra Paging Co., Ltd., ADVANC will hold 100% of total shares in Shinawatra Paging Co., Ltd. 3. The company would like to inform the details of Article 11 of the Articles of Association of the company as follows : Article 11 Except as otherwise provided in these Articles of Association, ordinary shares of the Company are freely transferable without restriction provided however that non-Thais are entitled to hold not more than 40 per cent of the total issued ordinary shares of the Company. Non-Thais may acquire new shares which are in excess of the limit prescribed in the first paragraph of this Article by subscription of new shares Issued and offered by the Company in their entirety to specific and/or institutional investors pursuant to the so called private placement notification of the Securities and Exchange Commission (as amended from time to time) (including shares dividend or new shares issued to the shareholders of the new shares acquired under this second paragraph). However, the aggregate number of shares held by non-Thais in such case and in the case of holding shares by non-Thais under the first paragraph must be less than one half of the total issued shares of the Company. This limit of less than one half of the total issued shares of the Company shall also apply to all subsequent transfers."