CLARIFIES NEWS IN SIAM POST AS OF FEBRUARY 5, 1997

Siam Makro Plc (MAKRO) reported that Siam Post newspapers of the issue February 5, 1997 has reported false news which may cause confusion and misunderstandings to shareholders, investors, and general public by showing the value of loan in US dollar that MAKRO borrowed US$1 billion. The company would like to clarify that the news were not true and would like to report the truth as follows: In February 10, 1997, the company had loans and interest in foreign currency of US$15,238,720 in which the company has insured the risk from exchange rate fluctuation for the whole amount. In addition, the company had debts from the purchase of goods and others in foreign currency of US$ 646,886 and 122,068 pound sterlings and M62,000 Deutsch mark. Translated by the Nation