Submission of F/S and Explanation for Profit Change

Translation August 11, 2004 Subject : Submission of the consolidated and company interim financial statements for the 2nd quarter ended June 30, 2004 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, 2004 which have been reviewed by the external auditor. For the second quarter, the Company reported Baht 244 million net profit after tax, an increase of 49.7% from the same period last year. Also in May this quarter, the Company has opened its 25th Makro store in Suphanburi province. Major factor contributed to the significant growth in profit after tax is the 8% increase in total sales and income from fresh food and dry food and from four new stores opened during the past twelve months in Nakhon Si Thammarat, Chiang Rai, Sakon Nakhon and Suphanburi. Please be informed accordingly. Yours faithfully, Siam Makro Public Company Limited Signature (Mrs. Suchada Ithijarukul) President