Performance Summary

Thoresen Thai Agencies Public Company Limited (“TTA” or the “Company”) reports net profit of Baht 795.57 million and earnings per share of Baht 1.12 for the financial year that ended on 30 September 2010 (“FY 2010”). This compares with net profit and earnings per share of Baht 1,813.71 million and Baht 2.56, respectively for the financial year that ended on 30 September 2009 (“FY 2009”).

FY 2010 Consolidated Results Review

Total operating revenues were Baht 18,386.51 million and total operating expenses were Baht 17,545.04 million. Thus, operating profits were Baht 841.47 million, which results in a 42.32% year-on-year (“YoY”) decrease from operating profits of Baht 1,458.78 million last year.

The breakdown of net profit contribution to TTA:

Note¹: Extraordinary items in FY 2010 included gains on convertible bonds (CB) buy-back of Baht 9.63 million; in FY 2009 included gains on CB buy-back of Baht 676.33 million and negative goodwill from Baconco of Baht 287.21 million.