Referring to the reference letter , Advanced Info Service Public Company Limited (the "Company") has approved the capital reduction of Digital Phone Company Limited ("DPC"), a 98.55% subsidiary of the Company, by reducing its par value from Baht 10 to Baht 3. On May 9, 2011, the Board of Directors' Meeting of the Company has approved the cancellation on the above mentioned resolution and approved the capital reduction of DPC by reducing its registered capital from 1,462,186,168 shares to 365,546,541 shares, at the same par value of Bath 10. The capital reduction is due to the slowdown in GSM1800 network expansion and improvement of DPC's capital structure by returning excess cash to shareholders. The Company would like to inform that on June 21, 2011, the Extraordinary General Meeting of Shareholders of DPC has approved the capital reduction by reducing its registered capital from 1,462,186,168 shares to 365,546,541 shares without any change in par value. After the capital reduction, the Company continues to hold 98.55% of shares in DPC. ______________________________________________________________________