Inform of the Arbitral Tribunal's Award of the case between TOT and Company
30 May 2011
With reference to the case which TOT Public Company Limited ("TOT") has
submitted a dispute to the Arbitration Institute, ref. no. Black 9/2551,
demanding Advanced Info Service Public Company Limited (the "Company") to pay
additional revenue sharing for the total amount of Baht 31,462.51 million due to
the deduction by Company of the excise tax from the revenue sharing delivered
during 28 January 2003 to 26 February 2007.
The Company would like to inform of the Arbitral Tribunal's Award of the
above-mentioned case that on 20 May 2011 the Arbitral Tribunal has dismissed the
case and TOT shall return the bank guarantee no. kor. 22270047549000 issued by
The Siam Commercial Bank in the amount of THB. 1,304,640,000 to the Company.
Note: This is the same case that the company has disclosed to the Stock Exchange
of Thailand, AIS-CP 014/2011 on 3 February 2011, in Article 2.
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