Report of Financial Covenants Compliance
11 November 2008
- Translation -
Ref: AIS-CP 114/2008
November 11, 2008
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. 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 2008 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 2008 were 0.69 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