Submission of F/S and Explanation for Profit Change

Translation 8 May 2008 Subject : Submission of Financial Statements for the quarter 1/2008 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 first quarter ended March 31, 2008 which have been reviewed by the certified public accountant. Revenues For the first quarter of 2008, the Company achieved Baht 18,744 million consolidated revenues, 22.3% increased from the same period last year. The growth was mainly contributed by like for like sales growth (29 stores) and sales of 12 new stores opened last year. Selling and Administrative Expenses Consolidated selling and administrative expenses were Baht 1,172 million, equivalent to 6.3% of total revenues and increased from the same quarter last year by 30.4% due mainly to the additional operating cost of total 12 new stores opened last year of Baht 197 million. Net Profit Net profit after tax was Baht 390 million, up 23.4% from the same period last year. The increase of net profit was due mainly to the increased revenues and efficient management. Please be informed accordingly. Yours faithfully, Siam Makro Public Company Limited Signature (Mrs. Saowaluck Thithapant) Director and Finance Director