We refer to the news in the newspaper concerning the price of the share offering  for public, the estimate of profit before tax for the fiscal year 2002/03 and 2003/04 and the dividend payment for the fiscal year 2002/03 of Thai Airways International Public Company Limited (“the Company”). The Company would like to clarify for the material issues as follows :

1.   The price of the share offering for public : the Company is being process as per the Cabinet’s approval on September 16, 2003 and not to be fixed the price for the public at the present.

2.   The estimate of profit before tax for the fiscal year 2002/03 and 2003/04 : the Company is being to review the business plan and the budget of the Company.

3.   The dividend payment  for the fiscal year 2002/03 : the Board of Directors of the  Company will consider the dividend payment after the acknowledgement of the results of business operations of the Company ended September 30, 2003, which normally be in November 2003.

The Company would like to inform that the news from newspaper is not the formal news from the Company.