Notification of Intention to Exercise Warrants (TTA-W2)

Ref. No.  COR:MS/EL04020e/py

1st June 2004

 

Re  :  Notification of Intention to Exercise Warrants (TTA-W2)

 

To  :  President to the Stock Exchange of Thailand

 

            Pursuant to the 1/1999 Extraordinary General Shareholders' Meeting of Thoresen Thai

Agencies Public Company Limited on 10th August 1999, it was resolved that the Company issue

Warrants-2 (TTA-W2) to the Company's existing shareholders whose names appear on the

Company's share register book on 21st July 1999 and that the Warrant-2 be exercised on 30th

of March, June, September and December of each year.

 

            The 2/2004 exercise of the Warrant-2 will be as follows:

 

            1.  The exercise date of Warrants-2 (TTA-W2) will be on 30th June 2004 during 8:30 a.m. to

3:30 p.m. at 10th Floor Orakarn Building, 26-26/27, Soi Chidlom, Ploenchit Road, Lumpini,

Pathumwan, Bangkok 10330

 

            2.  The Holder of warrant certificate(s) ("the Holder") shall notify his/her intention to

exercise Warrants-2 within 14 days prior to the Exercise Date (the "Notification Period"), which will

be from 16th June 2004 to 29th June 2004.  In this regard, the Holder can obtain a notice of

exercise form at the Company's head office during the Notification Period.

 

            3.  One warrant has a right to subscribe one common share of the Company at the exercise

price of 1 Baht each.

 

            4.  The Holder who wishes to exercise his/her right on the Exercise Date shall comply

with the conditions governing the notification of intention to exercise by submitting the following

documents to the Company's head office.

 

4.1    Fully filled exercise notice.

 

4.2   Warrant Certificate(s) or Certificate receipt(s) in the form prescribed by the SET

with the amount specified in the Exercise Notice

 

 

 

 

 

 

Cont. 2../

 

 

THORESEN THAI AGENCIES PUBLIC COMPANY LIMITED

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4.3   Payment of the amount specified in the Exercise Notice.  The Holder who wishes to

        exercise his/her rights shall make payment in the form of cheque, draft, bill of exchange

        or payment order from a bank which can be cashed in the Bangkok Metropolitan Area

        when called within 2 days and shall be made payable to "Thoresen Thai Agencies

        Public Company Limited" or in Thai "?????? ?????????? ??????????? ????? (?????)". 

           The date on such payment form shall not exceed the date of the Exercise Date.

 

            For more information, the Holder can contact Ms. Mantanee  Surakarnkul or

Ms. Pensiri Yubolmetarak at telephone no. 250-0569-74 Ext. 144, 223.

 

                                             Yours faithfully,

                                          Thoresen Thai Agencies Public Company Limited

 

 

 

 

 

 

Mr.Frode Teigen                 Mr. Ole  Teigen

     Director                               Director