15 November 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 that, starting from 1 January 2007, the Company has changed its accounting policy for 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 interim financial statements for the three- month and nine-month periods ended 30 September 2007 are as per statements attached. Please be informed accordingly. Yours faithfully, Berli Jucker Public Company Limited Thirasakdi Nathikanchanalab Aswin Tachajareonvikul Director Director Attachment Separate financial statements 2007 2007 2006 2006 (in thousand Baht) Investments in subsidiaries and associates Balance at 1 January 7,372,314 7,215,497 before change in accounting policy Balance at 1 July - 7,125,460 before change in accounting policy Decrease in retained - (2,000,931) (1,755,615) (1,844,471) earnings Decrease in hedging - 14,250 12,594 6,013 reserve Decrease in Company - 40,455 40,455 40,455 shares held by a subsidiary Net decrease - (1,946,226) (1,702,566) (1,798,003) Balance at 1 January after change in accounting policy (5,426,088) 5,417,494 Balance at 1 July after change in accounting policy - 5,422,894 Separate financial statements 2007 2007 2006 2006 (in thousand Baht) Retained earning Balance at 1 January 3,047,942 2,729,841 before change in accounting policy Balance at 1 July - 2,880,195 before change in accounting policy Increase in dividend income form subsidiaries and - - 319,444 associates Decrease in share of profits - (1,915,193) (2,002,095) (1,799,164) from investments accounted for using the equity method, net Increase of impairment on - (10,000) (10,000) (10,000) investment Increase of allowance for - (65,739) (60,194) (32,699) doubtful account of loans to related parties Increase of deferred tax assets - 22,722 19,672 11,420 Increase of other income - 32 2,600 4,631 Net decrease - (1,968,178) (1,730,573) (1,825,812) Balance at 1 January after change in - 1,079,764 904,029 accounting policy Balance at 1 July 1,149,622 after change in accounting policy Attachment Separate financial statements Three-month Nine-month Three-month Nine-month period ended period period period ended ended ended 30 September 30 30 30 2007 September September September 2007 2006 2006 (in thousand Baht) Net profit Net profit before 51,591 840,277 175,585 639,907 change in accounting policy Increase in dividend income 798,436 1,018,745 12,800 332,244 from subsidiaries and associates Decrease in share of profits(280,318) (617,122) (110,551) (315,387) from investments accounted for using the equity method, net Increase in other income 78,039 84,539 1,800 5,330 Increase in operating 7,424 134 852 (26,644) and administrative expenses Decrease in income tax (24,911) (22,722) 1,142 9,394 Net increase (decrease) 578,670 463,574 (93,957) 4,937 Net profit after change 930,261 1,303,851 81,628 644,844 in accounting policy Increase (decrease) in 3.64 2.92 (0.59) 0.03 earnings per share (Baht)