Clarification of the news as appeared in the newspapers

Ref. No. COR:MS/EL11012e/tr

31 May 2011

Subject : Clarification of the news as appeared in the newspapers

To : The President of the Stock Exchange of Thailand

With reference to some local newspapers specifying that Thoresen Thai Agencies Public Company Limited ("TTA" or the "Company") recorded a total net loss of THB 15,000 million over the past six financial years.

The Company herein clarifies the fact that the Company has accumulated net profits of THB 25,804 million from fiscal year September 2005 to September 2010 as shown below:

Million Baht
Year
Net profit
2005
5,948
2006
3,502
2007
4,968
2008
8,776
2009
1,814
2010
796

Please be informed accordingly.

Yours faithfully,
Thoresen Thai Agencies Public Company Limited

M.L. Chandchutha Chandratat
President & Chief Executive Officer

Ms. Thitima Rungkwansiriroj
Executive Vice President
Group Finance and Accounting