- Translation - Ref: FN080/04 May 11, 2004 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. AIS063A, AIS04NA, AIS06NA, AIS093A, AIS093B, AIS073A and AIS07OA, the Company is required to maintain its 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. Additionally, in case that the Company pays dividend to its shareholders, the dividend payout ratio will not be more than 70% of its net profit of each year. As at 31 March, 2004 the Company is in compliance with the financial conditions set forth in the Terms and Conditions of the above debentures as follows: Debentures Debt to Equity ratio Conditions Compliance AIS063A <- 2:1 0.91 AIS04NA, AIS06NA, <- 2:1 0.79 AIS093A, AIS093B,AIS073A, AIS07OA In addition, on April 23, 2004, the Annual General Meeting of the Company's Shareholders passed a resolution to approve a declaration of dividend payment to the shareholders at THB2.10 per share. Total dividend paid from the year 2003 operation was THB12,039 M. or 64.98%. The Company completely pursued the conditions of dividend payment as approved by the debentureholders' meeting. Please be informed accordingly. -(Signed)- Mr. Somprasong Boonyachai Director