TCAP.MDO 175/2007
July 9, 2007
Subject To inform regarding the permission for selling the investment in subsidiary companies
To The President The Stock Exchange of Thailand
Reference
(1) The letter no. TCAP. MDO. 108/2550, subject to the resolution of the annual general meeting of shareholders for the year 2007
As the Annual General Meeting of Shareholders for the year 2007, held on April 30, 2007, there was a resolution to enable the Thanachart Capital Public Company Limited "The Company" to sell the investment of 8 subsidiary companies with the whole amount of shares of 8 subsidiary companies to Thanachart Bank Public Company Limited "the Bank". It purposed to re-structure the shareholding of Thanachart Group. In this regard, it shall be fully effective when the permission has been given by the Bank of Thailand. The details of this matter thoroughly appear in the reference which already reported for your acknowledgement on April 30, 2007.
The Company would appreciate to inform you as regards to the letter from the Bank of Thailand No. BOT.Fhor.Kor.Kor.(21) 1236/2550, Subject to permission of the re-structuring of financial business group, on July 5, 2007. That arrived to the Company from the Bank on July 6, 2007. In this regard, the purpose is to enable the Company to sell the investment of the 8 subsidiary companies to the Bank at latest price of the book value, which has been already approved by the auditors. Such matter shall not exceed than Baht 4,670 million.
The details of the 8 subsidiary companies and the amount of shares which shall be sold are as follows:
| Subsidiary Companies | Par Value | Shares | Shares Portion (% of paid up shares) |
| Thanachart Securities | 1 | 1,499,999.930 | 99.99 |
| Thanachart Fund Management | 10 | 7,499,993 | 75.00 |
| Thanachart Insurance | 10 | 38,999,434 | 78.00 |
| Thanachart Life Assurance | 10 | 49,999,400 | 99.99 |
| Thanachart Group Leasing | 10 | 35,999,994 | 99.99 |
| Thanachart Broker | 10 | 9,999,000 | 99.99 |
| Thanachart Legal and Appraisal | 10 | 999,993 | 99.99 |
| Thanachart Management and services | 10 | 599,993 | 99.99 |
Thus, the Company estimates such matter shall be sold within July 2007. We then continuously inform you for any further progress.
For your acknowledgement.
Yours Sincerely,
Thanachart Capital Public Company Limited
Suphadej Poonpipat
(Mr.Suphadej Poonpipat)
President and CEO
The Strategy and Planning Division
Mrs. Natrakrita P. Swetpatchraporn,
Tel. 0-2217-8160