Submission of F/S and Explanation for Profit Change

Translation November 11, 2004 Subject : Submission of the consolidated and company interim financial statements for the 3rd quarter ended September 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 third quarter ended September 30, 2004 which have been reviewed by the external auditor. For the third quarter, the Company reported Baht 301.5 million net profit after tax, an increase of 11.8% from the same period last year. In July and August this quarter, the Company has opened its 26th Makro store in Chantaburi and 27th store in Phuket province respectively. The increase in profit after tax of 11.8% was attributed to the higher sales of 14.4% of which sales growth in Makro is 14.7%. The sales growth was mainly to higher food sales resulted from a successful of 15th anniversary promotion, development of fresh and continued development of core customers namely small retailers, caterers and professionals and from five new stores opened during the past twelve months in Chiang Rai, Sakon Nakhon, Suphanburi, Chantaburi and Phuket. Please be informed accordingly. Yours faithfully, Siam Makro Public Company Limited Signature (Mrs. Suchada Ithijarukul) President