25 November 1997

ACQUIRES MORE STAKES IN CELLOX

Berli Jucker Plc on 19th November, 1997, agreed to additionally acquires 0.60% in Cellox Paper Co., Ltd. The registered capital of Cellox is Baht 500,000,000.- divided into 50,000,000 shares at Baht 10 each. After that BJC's holding ownership posted 72.35% or 36,172,500 shares. Seller: The former shareholders: - Miss Nutha Panapornsirikul, 100,000 shares at Baht 15.- each, totalling to Baht 1,500,000.-, - Mr. Chotithep Panapornsirikul, 100,000 shares at Baht 15.- each, totalling to Baht 1,500,000.-, - Miss Saeng-aroon Wati, 100,000 shares at Baht 15.- each, totalling to Baht 1,500,000.-, Relationship: None Source of fund: Working capital Objection: Long-term yield Benefit: Dividend Line-up of share acquisition in Cellox in 6 months: Date No. of shares Price Total value (Baht) (Baht) 1. 25.08.97 1,000,000 15 15,000,000.- 2. 03.09.97 1,346,667 15 20,200,005.- 3. 26.09.97 3,422,222 15 51,333,330.- 4. 13.10.97 298,667 15 4,480,005.- 5. 15.10.97 192,500 15 2,887,500.- 6. 17.10.97 35,000 15 525,000.- 7. 29.10.97 2,265,695 15 33,985,425.- 8. 19.11.97 300,000 15 4,500,000.- 8,860,751 132,911,265.- Transaction size: - 1.09% (based on value of acquired asset/total assets of BJC) - 13.55% (based on net profit of Cellox/BJC) - 2.46% (based on number of total shares multiplied with price of one unit/BJC's shareholders equity) This was not classified as procedures, rules and disposition /acquisition of listed company's asset nor connected transaction.