Report of Financial Covenants Compliance
10 November 2006
- Translation -
Ref: AIS-CP145/2006
November 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 30 September, 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 30 September 2006 were 0.52
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