BERLI JUCKER PUBLIC COMPANY LIMITED ANNOUNCES THE DISPOSAL OF THAI-SCANDIC STEEL'S SHAREHOLDING IN BJT WATER CO., LTD. TO THAMES WATER INTERNATIONAL (THAILAND) CO., LTD. Berli Jucker Public Company Limited would like to announce the disposal of Thai-Scandic Steel's shareholding in BJT Water Co., Ltd. to Thames Water International (Thailand) Co., Ltd. as follows: 1. The date on which the transaciton occurred : 28 June 2000 2. The parties involved: Name Relationship with the company Buyer: Thames Water International (Thailand) Co., Ltd. - 15/F Times Square Building, 246 Sukhumvit Road Khet Klongtoey, Bangkok Seller: Thai-Scandic Steel Co., Ltd. An associated company 34.13% 7 I-5 Road, Mabtaput, A.Muang, Rayong shareholding by Berli Jucker 3. The general characteristics of the transaction : Disposal of assets 4. The details of assets involved: Securities -The company name : BJT Water Co., Ltd. -The nature of business : Consultancy and management service for water and waste water systems -Registered and Paid-up Capital : Baht50,000,000 divided into 500,000 shares at Baht100 each -Number of securities disposed of : 175,000 shares -Selling price per share: Baht380 -Proportion of securities holding before : 35.00% -Proportion of securities holding after : None 5. The total value of the consideration : Baht66,500,000.00 6. The value of the assets disposed of : Baht26,250,000.00 7. The details of connected persons and of related persons: Connected persons: Name Position in the company % shares held Mr. David John Nicol Directors: Berli Jucker None BJT Water 0.0002 Thai-Scandic Steel 0.0001 Mr. Charles Blair Ritchie Sinton Directors: Berli Jucker None Thai-Scandic Steel None Shareholder: BJT Water 0.0002 Related persons: None 8. The basis used to determine the value of : The value of transaction was determined on previous consideration and future performances of BJT Water which showed the good profit and strong growth. 2/ 9. The reason and the proposed utilization of the : To dispose the non-core businesses and using proceeds received for the disposal of the proceeds as the company's working capital. securities 10.The volume of the connected transaction is equal to: -0.32% : Based on the net asset value of BJT Water/net assets of BJC Group -0.11% : Based on the net profit of BJT Water/net profit of BJC Group -0.85% : Based on the value of the consideration/net assets of BJC Group David John Nicol President