Submission of F/S and Explanation for Profit Change

Translation August 10, 2005 Subject : Submission of the consolidated and company interim financial statements for the 2nd quarter ended June 30, 2005 To : Director and President The Stock Exchange of Thailand We are pleased to submit the consolidated and company interim financial statements of Siam Makro Public Company Limited for the second quarter ended June 30, 2005 which have been reviewed by the external auditor. Consolidated sales for the second quarter were Baht 11,978 million, representing an increase of 13.8% over the same period last year. The increase in sales was attributable to growth in fresh food and dry food sales resulted from increase in number of Makro stores from the same period last year by 4 stores and better performance in remodeled stores pursuant to our policy. Gross margin was 5.7% compared with 6.3% in the same quarter last year due mainly to higher sales participation of food products, which contributed lower margin than non-food. Strong market competition in non-food coupled with promotional activities brought down margin in non-food products. Selling and administrative expenses represented 6.5% of total revenues compared with 6.1% in the same quarter last year and in absolute amount increased from the same quarter last year by 21.2% resulted from additional cost of 4 new Makro stores and 7 new Makro Office stores, which were opened during the second half of last year, and cost of Siam Food Services which was a new subsidiary company acquired beginning of this year. Net profit was recorded at Baht 219.5 million, 9.9% lower than last year. The decrease of Baht 24.2 million was due to drop in gross margin and increase in selling and administration costs as above mentioned. Please be informed accordingly. Yours faithfully, Siam Makro Public Company Limited Signature (Mr. Charoen Assawajarukasem) SET Coordinator Manager