Submission of F/S and Explanation for Profit Change

Translation 7 November 2008 Subject : Submission of Financial Statements for the quarter 3/2008 To : Director and Manager Stock Exchange of Thailand Enclosed please find the Interim Consolidated and Company Financial Statements of Siam Makro Public Company Limited for the third quarter ended September 30, 2008 which have been reviewed by the certified public accountant. Revenues For the third quarter of 2008, the Company achieved Baht 18,242 million consolidated revenues, 21.3% increased over the same period last year. The growth was mainly contributed by sales increase in existing stores sales and additional 12 new stores opened last year and gain from selling the unused land. Selling and Administrative Expenses Consolidated selling and administrative expenses decreased from 6.8% same quarter last year to 6.1% of total revenues. The absolute amount increased from the same quarter last year by 9.8% due mainly to the additional operating cost of 10 new stores opened during the last four months of last year. Net Profit Net profit after tax was Baht 468 million, up 55.5% from the same period last year. The increase of net profit was due mainly to the increased revenues, effective management of operating cost and gain on selling the unused land. Please be informed accordingly. Yours faithfully, Siam Makro Public Company Limited Signature (Mrs. Saowaluck Thithapant) Director and Finance Director