Report of Financial Covenants Compliance
13 November 2007
- Translation -
Ref: AIS-CP 107/2550
November 13, 2007
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.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, 2007 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 2007 were 0.79 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