Report of Financial Covenants Compliance
11 May 2006
- Translation -
Ref: AIS-CP068/06
May 10, 2006
Subject: Report of Financial Covenants Compliance
Advanced Info Service Plc.
To The President
The Stock Exchange of Thailand
Pursuance to the Terms and Conditions of the debentures of Advanced
Info Service Plc. AIS06NA, AIS073A, AIS07OA, AIS093A, and AIS093B,
the Company is required to maintain debt to equity ratio at not
more than 2:1. This ratio will be calculated from an unconsolidated
financial statement of the Company on a quarterly basis. The
Company is, in addition, required to report a default on any debt
obligation if there is any. In case that the Company pays dividend
to the shareholders more than 40% of the net profit, the Company
must maintain a credit rating at least AA.
We would like to notify you that as at 31 March, 2006 the Company
was not in default of any debt obligation. The Company can maintain
the credit rating at AA and the debt to equity ratio as at 31 March
2006 were 0.40 time. The Company is completely complied with the
conditions set forth in the Terms and Conditions of the above
debentures.
Please be informed accordingly.
-(Signed)-
Mr. Pong-Amorn Nimpoonsawat
Chief Finance Officer