PRESS RELEASE BERLI JUCKER SUCCEEDS WITH THAI GLASS TENDER Berli Jucker Public Co. Ltd. announced today that, following the close of its tender offer for the 33.9 per cent of Thai Glass Industries that it did not already own, its shareholding in Thai Glass had increased to 97.74 per cent. The Baht 1.29 billion purchase is to be funded from proceeds of Berli Jucker's recently completed Baht 4 billion rights issue which is also being used to reduce debt and fund further acquisitions. At the time of making the tender Berli Jucker stated it would seek to privatize Thai Glass if the tender resulted in a shareholding of greater than 80 per cent. The Company will now proceed with its privatization plan with an offer of Baht 70 per share which is consistent with the tender just completed. Berli Jucker's Chief Executive Officer David Nicol said: "Privatizing Thai Glass is a major step in Berli Jucker's investment and rationalization programme. We already act as the unit's sales agent and distributor, and this will allow us to better coordinate our operations in future." Thai Glass is currently Thailand's largest producer of glass containers with a market share of approximately 40 per cent. In 1997 the Company recorded a net profit Baht 324.2 million on turnover of Baht 3,681 million. July 22, 1998 For further information please contact: David J. Nicol: Tel 367-1024 Blair Sinton: Tel 367-1026 E-mail: davidnicol@berlijucker.co.th