REPORTS STOCK OFFERING FORM

Report of result of the share offering Siam Makro Plc (MAKRO) November 12, 1996 1. Information of the shares offered : Type of shares offered : Odinary shares Total Number of shares offered : 19,825,700 divided into - 15,688,000 shares offered to general public - 4,137,700 shares offered to Makro Holding N.V. Co.,Ltd. Offering price per share : Bt102 Subscription and payment date : November 7-8, 1996 2. Result of share offering : [/] all sold out [ ] some ......... remaining shares. The company's board of directors will consider allocating them at a later date. 3. Details of share offering : Thai Investor Foreign Investor Total Juristic Individual Juristic Individual Number of persons 130 82 8 3 223 Number of shares subscribed 6,925,100 798,900 12,095,700 6,000 19,825,700 % of total shares 34.93 4.03 61.01 0.03 100.00 offered 4. Total proceeds from the share offering : (Baht) Total proceeds from sales to general public & Makro Holding N.V. Co.,Ltd. 2,022,221,400 Less Total expenses - Distribution fee 44,805,000 - Newly issued shares approval fee 50,000 - Newly issued shares proposal form fee 1,600,176 - Additional securities listing fee 118,954 - Capital increase registering fee 198,257 - Other expenses 5,000,000 Net proceeds 1,970,449,013