-Translation- AIS-CP 069/2004 June 4, 2004 Subject: Report on the offering of warrants to purchase ordinary shares to directors and employees for Grant III (ESOP Grant III) To: The President The Stock Exchange of Thailand According to Advanced Info Service Public Company Limited ("the Company") issued and offered 8,999,500 units of warrants to purchase the Company's ordinary shares to directors and employees (ESOP Grant III) at the exercise price Baht 91.79 per share on May 31, 2004, the Company would like to inform you that the warrant, (ESOP Grant III) have already been issued on May 31, 2004. The summary of terms and conditions for offering ESOP Grant III are as follows; Type of Warrants Warrants to purchase the Company's ordinary shares, in registered form and non-transferable unless by hereditary or beneficiary transfer Total Number of Warrants to be Offered 8,999,500 units Offering Price per Unit -None- Warrant Allocation Method Allocation of warrants to the Company's directors and employees and not offering through the intermediary. Exercise Ratio One warrant per one ordinary share Exercise Price Baht 91.79 per share Issued and offered Date May 31, 2004 Please be informed accordingly. Yours sincerely, -Signed- Mr. Somprasong Boonyachai Director Advanced Info Service Public Company Limited Group Compliance Tel. 0-2299-5552