Part 1

Business Operation

1.  Policy and overall business operations.

The company is a manufacturer and exporter of canned pineapple,
pineapple juice and juice concentrate and other processed tropical
fruits. It operates a multi-fruit processing factory in Chonburi
Province and exports its produce under the brand of the company’s
customers.

On 27 October 2010, the company established an affiliate company under
the name of Quality Pineapple Products Co., Ltd., or QPP, whose office
is located at 195 Empire Tower, 43rd Floor, South Sathon Road, Yannawa
Sub-district, Sathon District, Bangkok 10120. The affiliate was
established in order to support the expansion of the company’s business
which purchased a canned pineapple and concentrated pineapple juice
factory in Hua Hin District, Prachuab Kirikhan Province.

Eastern Seaboard Industrial Estate (Rayong) Co.,Ltd, is a joint venture
company between Siam Food Products PCL. and Hemaraj Land and Development
PCL. Eastern Seaboard Industrial Estate (Rayong) Co., Ltd. was set up on
3 November 1994. The company has a registered and paid up capital of
Baht 358 million, 40% of which is owned by Siam Food Products PCL. Its
business is to develop an industrial estate in Rayong, and to build and
sell public utilities to both Thai and foreign investors.

In December 2013 the company invested in 6.88 percent of the paid-up
registered capital of 4,700 million Baht of the Real Estate Investment
Trust and lease rights in Ratcha Industrial “HPF” which invested in some
assets of Hemaraj Industrial Estate Public Company Limited and Eastern
Seaboard Industrial Estate (Rayong) Co., Ltd.

On 26^(th) August 2015, an affiliate company was established under the
name of Siam Food (2513) Co., Ltd. with a registered capital of 1
million Baht and using the company abbreviation “SF (2513)” with its
head office located at No. 1, Empire Tower, 43^(rd) Floor, South Sathon
Road, Yannawa Sub-District, Sathon District, Bangkok 10120. The
affiliate was set up to accommodate the business expansion of the
company and to operate commercial and investment business such as
manufacturing, supplying raw materials and expanding the investment in
AEC.

1.1 The company has the vision, mission and Common Definitions. And
goals of the business of the Company.

Vision

Siam Food Products Public Company Limited is a leader among the world
renowned industry of food processors in Thailand. It focuses on high
efficiency, quality products and a long-term sustainable business.

Mission

Siam Food Products Public Company Limited manufactures food products
using pineapple as its main raw material. We emphasize on knowledge,
learning and innovation to achieve high quality products with an
emphasis on food safety, good governance and giving happiness and
satisfaction to our customers, farmers, employees, shareholders, related
organization, communities and society.

Common Definitions

Quality is priority : To emphasize on quality of goods and services.

Innovation : To create new innovation in all aspects.

Achievement : To emphasize on efficiency to reach the target goal

CSR : Corporate Social Responsibility and Environmental Conservation
พิมพ์ข้อความหรือที่อยู่ของเว็บไซต์ หรือแปลเอกสาร

S̄ìngwædl̂xm

Good Governance : Operation by Good Governance

1.2 Significant development in the preceding year

The company has been granted the CSR-DIW Continuous Award of the year
2015 from the Department of Industrial Works. The company has conducted
CSR programs continuously for the last 5 years. In addition, the company
received the shield and honorable award; CSR-DIW Continuous Award 2015
from the Department of Industrial Works.

[] [] []

We were presented by the Department of Industrial Work a 2015 Award for
participating in the Study Project for Industrial Plant Water Reduction
Potential.

1.3 Shareholding structures of Siam Food Products Public Co., Ltd.

Subsidiary Affiliate

99.99% 99.99% 40%

2.  
3.  

2.  Nature of Business

The Company produces and exports such products as canned pineapple,
pineapple juice and juice concentrate and other processed tropical
fruits under our customers’ own brand and under the Company’s trade mark
“SIAM FOOD” that has been known and recognized for over 45 years. The
Company owns a pineapple field and plant in Chonburi.

Business operation goal

The Company has a goal to continuously grow the pineapple business. In
the year 2015, the Company planned to process more pineapple than the
previous year by expanding the manufacturing base and increasing the
production of the affiliate company as well as expanding the cultivation
area by supporting contract farmers through the Siam Food Project Model
in order to encourage farmers to cultivate high quality pineapple with a
higher productivity per rai. Due to unfavorable climate conditions, the
quantity of pineapple products throughout the country in the year 2015
was lower than the long term average by approximately 25-30%, and
therefore the company was significantly affected. Due to the much lower
quantity of raw materials in the year 2015, the Company was able to
manage stock levels well. However, the price of raw materials was
severely impacted by the short supply and consequently production cost
increased. The Company countered this by trying to push price increases
onto the market.

In the year 2015, the Company together with its subsidiary had a
production share of raw materials for production of 9.81% of the whole
country, which increased from a share of 8.38% in the year 2014. In the
year 2016, the company expects that the production would be increased
from the previous year due to the plan to expand the production base and
to increase the productivity of the affiliate company as well as
attempts to expand the cultivation area by encouraging the contract
farmers through different projects of the company from the year 2015.

On marketing, the company continued to apply a strategy to focus on the
maintenance of the existing customer base and seek for customer in the
new market by offering the products in good quality and good service as
well as delivery of the products as being required to cause maximum
satisfaction of the customer.

Industrial trend and circumstance of competition in the future

In the year 2016, it is expected that consumption demand will be
maintained at current levels, but the impact from the exchange rate of
several countries such as Russia, countries in Europe and Japan whose
currencies have weakened against the US Dollar, may directly affect the
level of purchase orders from those countries.

For the market competition, it is likely that the competition amongst
pineapple factories in Thailand would become more severe because Europe
has cancelled GSP tax privileges for Thailand. As consequence, importers
in Europe must pay an additional 3.50% import tax from Thailand and most
of this will be passed on to the manufacturer. Thailand will be at a
disadvantage against its main competitor nations, Indonesia and
Philippines who still get more preferential tax privileges.

Income Structure (Consolidated Financial Statement)

Unit : 1,000 Baht

+---------------+-----+-----+------+----+------+----+-----+-----+
| Product       | Con |     |      |    |      |    |     |     |
|               | sol |     |      |    |      |    |     |     |
|               | ida |     |      |    |      |    |     |     |
|               | ted |     |      |    |      |    |     |     |
|               | fin |     |      |    |      |    |     |     |
|               | anc |     |      |    |      |    |     |     |
|               | ial |     |      |    |      |    |     |     |
|               | s   |     |      |    |      |    |     |     |
|               | tat |     |      |    |      |    |     |     |
|               | eme |     |      |    |      |    |     |     |
|               | nts |     |      |    |      |    |     |     |
+---------------+-----+-----+------+----+------+----+-----+-----+
|               | 2   | %   | 2014 | %  | 2013 | %  | 2   | %   |
|               | 015 |     |      |    |      |    | 012 |     |
+---------------+-----+-----+------+----+------+----+-----+-----+
| Pineapple and | 3,6 | 97  | 3    | 9  | 2    | 9  | 2,3 | 95  |
| other fruits  | 26, | .62 | ,455 | 6. | ,405 | 6. | 54, | .60 |
|               | 255 |     | ,618 | 53 | ,285 | 85 | 930 |     |
| Other         |     | 0   |      |    |      |    |     | 1   |
|               | 28, | .77 | 26   | 0. | 37   | 1. | 26, | .08 |
|               | 718 |     | ,518 | 74 | ,696 | 52 | 567 |     |
+---------------+-----+-----+------+----+------+----+-----+-----+
| Total sales   | 3,6 | 98  | 3    | 9  | 2    | 9  | 2,3 | 96  |
|               | 54, | .39 | ,482 | 7. | ,442 | 8. | 81, | .68 |
| Investment    | 973 |     | ,136 | 28 | ,981 | 37 | 497 |     |
| income        |     | 0   |      |    |      |    |     | 0   |
|               | 26, | .73 | 20   | 0. | 3    | 0. | 8,  | .34 |
| Other income  | 971 |     | ,594 | 58 | ,166 | 13 | 350 |     |
|               |     | 0   |      |    |      |    |     | 2   |
|               | 32, | .88 | 76   | 2. | 37   | 1. | 73, | .98 |
|               | 742 |     | ,864 | 14 | ,269 | 50 | 343 |     |
+---------------+-----+-----+------+----+------+----+-----+-----+
| Total Revenue | 3,7 | 100 | 3    | 1  | 2    | 10 | 2,4 | 100 |
|               | 14, | .00 | ,579 | 00 | ,483 | 0. | 63, | .00 |
|               | 686 |     | ,594 |    | ,416 | 00 | 190 |     |
+---------------+-----+-----+------+----+------+----+-----+-----+

2.1 Business Operation of each product line

Siam Food Products Public Co., Ltd., has engaged in the business of
agricultural industry in the category of agricultural product
processing, such as, pineapple and reasoning fruits as one major
manufacture of the country. Most products are export for sale abroad.
The products of the company are as follows:-

(1) Canned and pineapple packed in Pouch bag

(2) Concentrated pineapple juice in aseptic bag

(3) Canned seasoning fruits

2.  Marketing and competitiveness

a.  Marketing

  Approx. 95% of the company’s product were exported to global countries
  where the important

market are Europe, North America, Asia, Middle East and others
respectively, by selling directly through the importer and local agent.
Most product were manufactured under the customers’ trademark and
partial was manufactured and sold under SIAM FOOD BRAND.

All products of the company were manufactured under the international
standards, high quality and accepted by global customers as the company
has manufactured and exported for more than 45 years. All products of
the company were accredited by several standards, such as, GMP, HACCP,
BRC, ISO 9001, ISO 14001, OHSAS 18001, and Thai Labor Standard
8001-2553.

b.  Competitiveness

  (1) Even manufacturing cost in Thailand is higher than in competitive
  countries, such as, Philippines and Indonesia but Thailand still hold
  maximum marketing share due to good quality of fruits and constant
  export quantity, appropriate technology and manufacturing skill.

  (2) Manufacturing cost and export is trended to increased, plantation
  cost (fertilizer), minimum wage 300 baht of employees in factory –
  farm, higher transportation cost may be obstacle to export in the
  future. In addition, harder Thai baht exchange rate upon comparing
  with US dollar which directly impacted export.

(3) The company still emphasized on the important to increase
    manufacturing efficiency, quality and efficient management to
    maintain leadership in manufacturing and maintain highest
    satisfaction of the customers.

2.3 Product procurement

a) Total manufacturing capacity

Manufacturing capacity and manufacturing quantity

  -------------------------------- ------- --------- -------- --------- ------- ---------
                                   2015    2014      2013     2012      2011    2010

  Manufacturing capacity (one      5,500   5,500     5,500    5,500     5,500   5,500
  thousand standard cases)                                                      

  Actual manufacturing quantity    3,604   2,836     3,910    3,740     4,163   3,028
  (one thousand standard Cases)                                                 

  Manufacturing capacity rate (%)  65.52   51.56     71.09    68.00     75.69   55.05

  Increasing rate of manufacturing 27.08   (27.47)   (4.54)   (10.20)   37.48   (15.70)
  capacity (%)                                                                  
  -------------------------------- ------- --------- -------- --------- ------- ---------

Manufacturing capacity and quantity of concentrated juice

  ----------------------------- -------- --------- -------- --------- -------- ---------
                                2015     2014      2013     2012      2011     2010

  Manufacturing capacity (ton)  17,500   17,500    17,500   17,500    17,500   17,500

  Actual manufacturing quantity 7,256    6,472     9,106    8,527     9,843    7,997
  (ton)                                                                        

  Manufacturing capacity rate   41.46    36.98     52.03    48.70     56.25    45.70
  (%)                                                                          

  Increasing rate of            12.11    (28.93)   6.84     (13.42)   23.08    (11.23)
  manufacturing capacity (%)                                                   
  ----------------------------- -------- --------- -------- --------- -------- ---------

Raw material and the seller

The company procures raw material and other materials used in
manufacturing both from within the country and from abroad whereby
approx. 98% are raw materials in Thailand, such as, pineapple, fruits,
can, paper box and label and other 2% are imported, such as, retort able
pouch.

b) Environmental impact

The industry of manufacturing of pineapple in sealed container shall
generate waste water from manufacturing processes which the operator is
required to comply with the requirements of Factory Department, Ministry
of Industry to determine Biochemical Oxygen Demand value (BOD) or oxygen
value which microorganism is required to digest organic substance in the
water shall not exceeding 20 mg./litre, Chemical Oxygen Demand (COD) not
exceeding 120 mg./Litre.

The company had measure to treat wastewater of the factory by treatment
capacity 4,000 m.³/day by Waste Stabilization Pond on approx. 180 rai
land dug into 9 treatment pond for 5 processes, i.e., Pump Sump,
Anaerobic 3 Pond, Facultative 4 Pond, Water Hyacinth Pond and Polishing
Pond. Wastewater shall pass along 9 ponds to adjust its pH value to
achieve standard of Department of Industrial Factory before draining to
natural source and the company has also installed device to measure BOD
outside the system on line. In addition, the company covered the 1^(st)
Anaerobic pond to keep the biogas as the fuel instead of the stove oil,
which could be used since November 2013. Could save the fuel of about 12
million Baht per year, and could control the odor not to disturb the
dwelling people near the sewer.

3.  Risk factors

The company has engaged in the food business whereby our main products
are canned pineapple, pineapple in retortable poach, concentrated
pineapple juice in retortable poach, mixed fruits (pineapple, red
papaya, yellow papaya and guava) reasoning fruits (mangos teen ,
rambutan stuffed pineapple)

Thailand is the world largest source of pineapple. The volume of
pineapple produced each year will depend upon the growing of farmers and
climate. When the pineapple price is high, the farmers will increase to
grow pineapple, hence gradually leading to the oversupply. On the other
hand, when the price goes down, the growing of pineapple will eventually
decrease. The price of pineapple is, therefore, highly volatile, thus
affecting the price of canned pineapple under the demand and supply
principle. The projection on volume and the fresh pineapple price is the
key factor for the company’s performance.

In 2015 we did some operational analyses and assessments to ensure
achieving the Company’s action plan goals, by following the COSO
standard on risk management, with 4 risk types - 1. Strategy,
2.Production, 3.Marketing, and 4. Operation - defined by the Risk
Management Committee, and four major risk factors as follows:

1. Risk about the raw material: Regarding the quantity of pineapple to
be more or less based on the climate of each year, it results on the
purchasing price and the cost of the company products directly. Although
the company has own pineapple farm, it could export the raw material for
production on each year approximately 18 percent of the production.
Therefore, the provision from the farmers; 1,000 contract farmers,
encouraging and developing the farmers with higher yield per farm to be
similar to the company’s farm is necessary, and the good relationship
between the farmer and the company is longer than 45 years. The
cultivation could be managed from the beginning until harvesting and
delivery to the company’s factory. The company planned to increase the
cultivation area of the company. However, in the year 2015, the quantity
of pineapple became less due to the drought and the pineapple size was
smaller.

2. Risk of production: From the situation of less raw material pineapple
in the year 2015, the purchasing price of raw material was increased
from the previous year. In addition, the drought affects against the
quality of pineapple and increases the production cost.

3. Market risk: Since the products are mainly for the export, buyers
will act as traders and import

the consumer goods from all across the world. The characteristic of the
contract is a future trade for the delivery within 1-3-month period, and
in some cases 12-month term. However, the raw material price may be
increased when comes to the production for export. As a result, in
considering the term of either short- or long-term future trade, it has
to emphasize on the factors concerning both demand and supply of the
market. This includes the production of domestic producers along with
those of the major exporters such as Indonesia and the Philippines, etc.

  In addition to the above, the marketing needs to contemplate the
  global economy as to projecting

the sales volume in each region and the risk of customers’ payment.
Nevertheless, most of the customers are in the long-term business
relationship, thus having proven records.

  4. Financial risk: The product sales of the company are mostly for the
  export, accounting for 95%

of the total sales, and mainly traded in the U.S. currency, with some in
Euro currency. In 2015, the U.S. Dollar was highly fluctuated and
weakened rapidly when compared with Thai baht. This adversely affected

the company’s revenues and profits. In order to reduce a risk in
exchange rate, the company has wisely made forward contracts with the
bank and also had its marketing negotiate trades in other currencies
such as Euro and Pound Sterling, etc.

4. Operating Assets

(1) Major operating assets of the Company.

  At 31 December 2015,the company had major operating assets used in the
  business as follows:

+-----------------------------+----------+------------+---------------+
| Description of assets       | Type of  | Cost       | Obligation    |
|                             | Rights   |            |               |
|                             |          | (in millon |               |
|                             |          | Baht)      |               |
+-----------------------------+----------+------------+---------------+
| 1.  Land Location           |  Owne    | 177.17     | No            |
|                             | d assets |            |               |
| Land’s Factory              |          | 23.94      | No            |
|                             |          |            |               |
|   -Banbung, Chonburi        |          | 38.37      | No            |
|                             |          |            |               |
| 1,337-1-35 Rai              |          | 52.01      | No            |
|                             |          |            |               |
| Land’s Plantation           |          | 62.85      |               |
|                             |          |            |               |
| - Banbung,Chonburi          |          |            |               |
|                             |          |            |               |
| 12,159-0-98 Rai             |          |            |               |
|                             |          |            |               |
| - Khon buri ,Nakhon         |          |            |               |
| Ratchasima                  |          |            |               |
|                             |          |            |               |
| 2,893-1-45 Rai              |          |            |               |
|                             |          |            |               |
|   - Chai Badan,Lop Buri     |          |            |               |
|                             |          |            |               |
| 2,015-1-37 Rai              |          |            |               |
|                             |          |            |               |
| Total 18,405-1-52 Rai       |          |            |               |
+-----------------------------+----------+------------+---------------+
| 2.  Land Location           | Leased   | -          | -             |
|                             | assets   |            |               |
|   Land’s Plantation         |          |            |               |
|                             | (2-3     |            |               |
|   - Khlong                  | years)   |            |               |
|   Kio,Banbung,Chonburi      |          |            |               |
|                             |          |            |               |
|   1,810-1-20 Rai            |          |            |               |
|                             |          |            |               |
| -K                          |          |            |               |
| aokanthong,Siracha,Chonburi |          |            |               |
|                             |          |            |               |
| 587-2-40 Rai                |          |            |               |
|                             |          |            |               |
| -Nong Suea Chang,Nong       |          |            |               |
| yai,Chonburi                |          |            |               |
|                             |          |            |               |
| 2,159-1-67 Rai              |          |            |               |
|                             |          |            |               |
| - Khlong                    |          |            |               |
| Kio,Banbung,Chonburi        |          |            |               |
|                             |          |            |               |
| 49-0-38 Rai                 |          |            |               |
|                             |          |            |               |
| Total 4,606-1-65 Rai        |          |            |               |
+-----------------------------+----------+------------+---------------+
| Description of assets       | Type of  | Net Book   | Obligation    |
|                             | Rights   | Value      |               |
|                             |          |            |               |
|                             |          | (in        |               |
|                             |          | million    |               |
|                             |          | Baht)      |               |
+-----------------------------+----------+------------+---------------+
| 3. Head Office              | Leased   | -          | -             |
|                             | asset    |            |               |
| 1 Empire Tower 43^(rd)      |          |            |               |
| Floor,                      | (3       |            |               |
|                             | years)   |            |               |
| South Sathorn               |          |            |               |
| Road,Yannawa,Sathorn,       |          |            |               |
|                             |          |            |               |
| Bangkok.                    |          |            |               |
+-----------------------------+----------+------------+---------------+
| 4. Factory Office and       | Owned    | 65.91      | No            |
| Warehouse                   | assets   |            |               |
|                             |          |            |               |
| - 218 Moo 4 Chachoeng       |          |            |               |
| sao-Sattahip                |          |            |               |
|                             |          |            |               |
| Nong I-run,Banbung,Chonburi |          |            |               |
+-----------------------------+----------+------------+---------------+
| 5. Plantation Office        | Owned    | 9.56       | No            |
|                             | assets   |            |               |
| - 160/1 Moo 6 Chachoeng     |          | 1.83       | No            |
| sao-Sattahip                | Owned    |            |               |
|                             | assets   |            |               |
| (Km 72 Nong Prue) Khlong    |          |            |               |
| Kio,                        |          |            |               |
|                             |          |            |               |
| Banbung,Chonburi            |          |            |               |
|                             |          |            |               |
| - 15 Moo 7 Nikhom Lam       |          |            |               |
| Narai,Chai                  |          |            |               |
|                             |          |            |               |
| Badan,Lopburi               |          |            |               |
+-----------------------------+----------+------------+---------------+
| 6. Machine                  | Owned    | 200.96     | No            |
|                             | assets   |            |               |
+-----------------------------+----------+------------+---------------+

(2) Investment Policy in subsidiary and holding company

Due to company have a great number of plot of land in Chon Buri and
Rayong Province,some part located in proper zone for develop to by East
Industrial Estate which Government invested in public facility
plentifully therefore company sold part of land to Land Development
Compay and holding in Eastern Seaboard Industrial Estate (Rayong)
Co.,Ltd. in proportion of 40% of 358 million baht registered capital and
having company director join as director in holding company as following
position:1 President,2 directors, total 3 person from 7 directors.

Previous company performance is in good criterion even depression in
general real estate business but Automobile industrial still grow and
also worldwide automobile company such as GM,Ford-Mazda, has invested in
project of holding company,leading to continuous and other industry such
as food,packaging also invested in project of holding company.

Previous business turnover as following;

2015 Net Profit 117.16 million Baht

2014 Net Profit 659.79 million Baht

2013 Net Profit 1,869.39 million Baht

2012 Net Profit 213.59 million Baht

2011 Net Profit 150.61 million Baht

2010 Net Profit 150.66 million Baht

2009 Net Profit 59.11 million Baht

2008 Net Profit 304.09 million Baht

2007 Net Profit 215.19 million Baht

2006 Net Profit 148.38 million Baht

2005 Net Profit 203.16 million Baht

5. The Legal dispute

Non

6. General Information

The Company Name : Siam Food Products Public Company Limited

Business Type : A producer and distributor of processed agricultural
products for

export.

Head Quarter Location : The 43^(th) floor of the Empire Tower, at 1
South Sathorn Road,

Yannawa, Sathorn, Bangkok

Company Registration Number : 0107536000072

Homepage : www.siamfood.co.th

Telephone Number : 0-2287-7000

Fax Number : 0-2670-0154

Registered Capital : 300,000,000 baht

Paid-up Capital : 210,000,000 baht

Type of Stock : Common Stock

Paid-up Common Stock : 21,000,000 shares

Par value : 10 baht per par

Siam Food Products Public Co., Ltd., had invested in other company as
the holder of share from 10% upwards in 3 companies as follows:-

As at 31 December 2015

+-----------+-------+--------------+--------+--------+-------+------+
| Company’s |       | Type of      | Inve   | Inve   | Regis | Paid |
| Name      |       | Business     | stment | stment | tered | Up   |
|           |       |              | Amount | Prop   | Ca    | Cap  |
|           |       |              |        | ortion | pital | ital |
|           |       |              | (m.    |        |       |      |
|           |       |              | baht)  | (%)    | (m.   | (m.  |
|           |       |              |        |        | baht) | b    |
|           |       |              |        |        |       | aht) |
+-----------+-------+--------------+--------+--------+-------+------+
| Quality   | Subsi | Manufacture  | 400    | 99.99  | 400   | 400  |
| Pineapple | diary | and          |        |        |       |      |
| Products  |       | distributor  |        |        |       |      |
| Co., Ltd. |       | of canned    |        |        |       |      |
|           |       | pineapple,   |        |        |       |      |
|           |       | concentrate  |        |        |       |      |
|           |       | pineapple    |        |        |       |      |
|           |       | juice for    |        |        |       |      |
|           |       | export       |        |        |       |      |
+-----------+-------+--------------+--------+--------+-------+------+
| Siamfood  | Subsi |   * Operated | 1      | 99.99  | 1     | 0.25 |
| (2513)    | diary |   the        |        |        |       |      |
| Co.,Ltd.  |       |   commercial |        |        |       |      |
|           |       |   and        |        |        |       |      |
|           |       |   investment |        |        |       |      |
|           |       |   business * |        |        |       |      |
|           |       |   Provided   |        |        |       |      |
|           |       |   raw        |        |        |       |      |
|           |       |   materials  |        |        |       |      |
|           |       |              |        |        |       |      |
|           |       | domestically |        |        |       |      |
|           |       |   and        |        |        |       |      |
|           |       |   int        |        |        |       |      |
|           |       | ernationally |        |        |       |      |
|           |       |   and        |        |        |       |      |
|           |       |   extended   |        |        |       |      |
|           |       |   the        |        |        |       |      |
|           |       |   investment |        |        |       |      |
|           |       |   in AEC.    |        |        |       |      |
+-----------+-------+--------------+--------+--------+-------+------+
| Eastern   | Affi  | Develop land | 143.20 | 40     | 358   | 358  |
| Seaboard  | liate | in Rayong    |        |        |       |      |
| I         |       | Province and |        |        |       |      |
| ndustrial |       | Chonburi     |        |        |       |      |
| (Rayong)  |       | Province as  |        |        |       |      |
| Co., Ltd. |       | Industrial   |        |        |       |      |
|           |       | Estate       |        |        |       |      |
|           |       | including    |        |        |       |      |
|           |       | all public   |        |        |       |      |
|           |       | utility      |        |        |       |      |
|           |       | Systems      |        |        |       |      |
+-----------+-------+--------------+--------+--------+-------+------+

Reference

Security Registrar

Thailand Securities Depository Co., Ltd.

62 Ratchadaphisek road, Klongtoey, Bangkok 10110

Tel. 0-2229-28000, 0-2229-2888

External Auditor:

KPMG Phoomchai Audit Ltd.

1 Empire Tower, 50^(th) – 51^(st) floor,South Sathorn road, Yannawan,
Sathorn district, Bangkok 10120

Tel. 02-6677-2000

Investor Relations

Mr. Kiartisak Lertsiriamorn

1 Empire Tower, 43^(th) floor,South Sathorn road, Yannawan, Sathorn
district, Bangkok 10120

Tel : 02-287-7003

Fax : 02-670-0154

E-mail : Kiartisak.l@siamfood.co.th

Banker

1.  Kasikorn Bank Public Company Limited (Head Office) 1 Radburana Road,
    Radburana, Bangkok 10140 Tel : 0-2871-3650 to 5

2.  Thai Military Bank Public Company Limited (Head Office) 3000
    Phaholyotin Road, Jatujak, Bangkok 10900 Tel : 0-2242-3980 to 1

3.  Bangkok Bank Public Company Limited (Head Office) 333 Silom Road,
    Bangrak, Bangkok 10500 Tel : 0-22626-3327

4.  United Overseas Bank (Thai) Public Company Limited (Head Office) 191
    South Sathorn Road, Sathorn, Bangkok 10120 Tel : 0-2343-3000 Fax :
    0-2285-1365

5.  Bank of Ayudhya Public Company Limited (Head Office) 1222 Rama III
    Road, Bangpongpang, Yannawa, Bangkok 10120 Tel : 0-2296-3915 to 6

6.  Krungthai Bank Public Company Limited (Yaowaraj Branch) 260 Yaowaraj
    Road, Chakrawad, Samphanthawong, Bangkok 10100 Tel : 0-2222-0131 to
    45

Investors can learn of Siam Food Products Public Company Limited more in
Disclosure report concerning additional information (Form 56-1) of
companies listed in the www.sec.or.th or www.siamfood.co.th