REPORT OF ACQUISTION OR DISPOSITION OF SECURITIES OF MAKRO

Report of Acquisition or Disposition of Securities of SIAM MACRO PUBLIC COMPANY LIMITED 1. Date of filing : 23 March, 1998 2. The purpose of this report is (/) to comply with section 246 of the Securities and Exchange Act B.E. 2535 ( ) to correct or amend & previous report dated 16th March 1998 3. Date of disposition : 20 March, 1998 4. This is a report of ( ) an acquisition (/) a disposition of securities of SIAM MACRO PUBLIC COMPANY LIMITED which is (/) a company whose securities are listed on the SET ( ) acompany whose securities are traded in an over-the- counter center established under section 204 (OTCC) ( ) a public limited company 5. Name of the person(s) making the disposition (state name, current address and telephone number) BANGKOK AGRO-INDUSTRIAL PRODUCTS PLC 313 C.P.Tower, Silom Rd, Bangruk Bangkok Tel: 631-0896 * CP Group has shares in this company along with section 258(6) of the Securities and Exchange Act B.E.2535 6. Type of securities disposed of (/) shares ( ) certificates representing the right to purchase shares exercise ratio = 1 unit : ... share(s) ( ) other securities which may be converted into shares (state type)..................... conversion ratio = 1 unit :..........share(s) 7. Number of securities disposed of 4,000,000 shares repesenting 1.67 percent of number of securities sold. 8. The disposition item 7 was a result of (If there were more than one case applicabl. Check all cases that apply and state percentage in each case) Acquisition ( ) a purchase on the Stock of Thailand (SET) ( ) a purchase in an OTCC ( ) an acquisition of shares through the exercise of warrants or conversion of rights under other securities ( ) a purchase of new shares ( ) others .......................... Disposition ( ) a sale to the offer in a tender offer (/) a sale on the SET ( ) a sale in an OTCC ( ) others .................................... In the case of a share disposition of 5 per cent more of total number of sharcs sold, state name of buycr (If known) - 9. Number of securities held after the disposition 9,122,550 shares representing 3.80 percent of total number of securities sold. 10. (In the case of acquisition) state the highest price per unit of securities paid for the acquisition during the 90 days before and including the date of acquisition in 3. Price : - baht/share (which were the price of acquisition on (date) - 11. Name of person filing report (state name, current address and telephone number, and whether or not the report is filed on behalf of person(s) in 5. CP Group Plc 313 C.P. Tower, Silom Rd, Silom Bangruk, Bangkok Tel: 631-0896 * This report is filed on behalf of person(s) in 5. due to the securities disposed is in section 258 og the Securities and Exchange Act B. E.2535 12. (In the case of an acquisition giving rise to an obligation to make a lender offer for all securities under Parl l of the SEC's Notification on the Rules, Conditions and Procedures for Acquision of Securities for a Business Takeover dated March 6, B.E.2538) ( ) A tender offer for all securities will be made. or ( ) The shares so acquired will be disposed of as stipulated by his voting rights SEC, and the holder pronises not to exercise his voting rights corresponding to shares so aquired. or ( ) A wiver from the reqirement to make a tender offer has been obtained from the office of the SEC as per its lelter ref.......dated..... or ( ) A waiver from the requirement to make a tender offer has been obtained from the Office of the SEC as approved by the shareholders in a shareholdcrs meeting on (date).....