Operating Results 2006

Translation 23 February 2007 Subject : Submission of Financial Statements for the year ended December 31, 2006 To : Director and Manager The Stock Exchange of Thailand Enclosed please find the Consolidated and Company Financial Statements of Siam Makro Public Company Limited for the year ended December 31, 2006 which have been audited by the certified public accountant. Total consolidated revenues were Baht 57,407 million, a 9.8% increase from Baht 52,295 million in the prior year due mainly to the growth in food sales and consumable product sales. This was attributed to the re-modelling of our stores and customer development programs which adds the professional but personal touch to our customers shopping experience at our stores, thus reflecting the impact delivery of our strategy throughout our business. Selling and administrative expenses decreased from 6.3% in the prior year to 6.1% of total revenues and in absolute amount increased by 6.1%. This was accounted for the increased expenses of the 11 remodelled stores, higher electricity and personnel cost, and preopening expenses for new stores scheduled to open in 2007. Net profit was Baht 1,223 million, up 7.7% from Baht 1,136 million in 2005. The increase of net profit was due mainly to higher sales and decrease in corporate tax resulted from realization of loss from disposal of impaired asset. Please be informed accordingly. Yours faithfully, Siam Makro Public Company Limited Signature (Mr. Charoen Assawajarukasem) SET Coordinator Manager