20 August 2007 The President The Stock Exchange of Thailand Bangkok Dear Sir, Re: Change in Accounting Policy Berli Jucker Public Company Limited would like to notify the change in accounting policy as following details. Starting from 1 January 2007, the Company has, accordingly, changed its accounting policy for its investments in subsidiary companies and associate companies in its financial statements from the equity method to the cost method. The change in accounting policy has been applied retrospectively and the Company's 2006 financial statements, which are included in the Company's 2007 interim financial statements for comparative purposes,have been restated accordingly. The effects of the change in accounting policy on the Company's 2007 and 2006 interim and annual 2006 financial statements are as follows: Separate financial statements 2007 2007 2006 2006 (in thousand Baht) Investments in subsidiaries and associates Balance at 1 January before change in accounting policy 7,372,314 7,215,497 Balance at 1 April before change in accounting policy - 7,334,680 Decrease in retained earnings - (2,000,931) (1,968,532) (1,844,471) Decrease in hedging reserve - 14,250 13,691 6,013 Decrease in Company shares held by a subsidiary - 40,455 40,455 40,455 Net decrease - (1,946,226) (1,914,386) (1,798,003) Balance at 1 January after change in accounting policy 5,426,088 5,417,494 Balance at 1 April after change in accounting policy - 5,420,294 Separate financial statements 2007 2007 2006 2006 (in thousand Baht) Retained earning Balance at 1 January before change in accounting policy 3,047,942 2,729,841 Balance at 1 April before change in accounting policy - 2,590,325 Decrease in share of profits from investments accounted for using the equity method, net - (1,915,193) (1,906,132) (1,799,164) Increase of impairment on investment - (10,000) (10,000) (10,000) Increase of allowance for doubtful account of loans to related parties - (65,739) (47,031) (32,699) Increase of deferred tax assets - 22,722 15,720 11,420 Increase of other income - 32 1,870 4,631 Net decrease - (1,968,178) (1,945,573) (1,825,812) Balance at 1 January after change in accounting policy 1,079,764 904,029 Balance at 1 April after change in accounting policy - 644,752 Separate financial statements Three-month Six-month Three-month Six-month period ended period ended period ended period ended 30 June 2007 30 June 2007 30 June 2006 30 June 2006 (in thousand Baht) Net profit Net profit before change in accounting policy 230,102 488,686 289,871 464,322 Increase in dividend income from subsidiaries and associates 220,309 220,309 319,444 319,444 Decrease in share of profits from investments accounted for using the equity method,net (150,160) (336,804) (95,963) (204,836) Increase in other income 3,000 6,500 730 3,530 Increase in operating and administrative expenses (4,248) (7,290) (13,164) (27,496) Decrease in income tax 1,275 2,189 3,952 8,252 Net increase (decrease) 70,176 (115,096) 214,999 98,894 Net profit after change in accounting policy 300,278 373,590 504,870 563,216 Increase (decrease) in earnings per share (Baht) 0.44 (0.72) 1.35 0.62 Please be informed accordingly. Yours faithfully, Berli Jucker Public Company Limited Thirasakdi Nathikanchanalab Director