No Right Adjustment of CWT-W5

                Right adjustment / No right adjustment

Subject                                  : No Right Adjustment
Symbol                                   : CWT-W5
The full name of warrant                 : Warrant of CHAI WATANA TANNERY GROUP 
PUBLIC COMPANY LIMITED No. 5
Adjustment
The reason for no adjustment             : The Company shall not adjust the 
exercise price and exercise ratio because the event does not comply with
adjustment conditions as follows;
 - Refer to the Terms and Conditions Governing the Rights and Obligations of the
Issuer and Holders of the Warrants to Purchase the Newly Issued Ordinary Shares
No. 6.5 When the Company makes cash dividend payment with the amount in
exceeding 80% of Company's net profit as the separated audited financial
statement
Authorized Persons to Disclose           : MR. WEERAPON  CHAITEERATH
Information
Position                                 : MANAGING DIRECTOR

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