List of Directors and Managements in Subsidiaries and Associates

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                                   *M.R.     Mr. Vichet   Mr. Simon  Mr. Mark   Mr. Arthur   Mr. Christiaan Mr. Witit   Mr.      *Ms.         Pol.Gen.     *Mr.     Mr. Chaipatr    Mr.       *Mr.      Mr.      Ms.        *Mr. Nat
                                   Chatu     Bunthuwong   Morris     Michael    Hugh         Brett          Sujjapong   Krish    Romchalee    Viroj        Philip   Srivisarvacha   Robert    David     Brett    Pattama    Nunthapiwat
                                   Mongol                 Gerovich   Reinecke   Napolitano   Straatemeier               Detter   Chanprasit   Phaholvech   Andrew                   Edward    Burnett   Andrew   Joednapa   
                                   Sonakul                                                                                                                 White                    Gilmour             Janis               

  Evolution                        X         X            Y/         /          /            /              /           /        /            /            /        /               //        //        //       //         //
  Capital PCL                                                                                                                                                                                                               

  Subsidiaries   1. Addax                                 /          /                                                                                                                                                       
                 Development                                                                                                                                                                                                

                 2. Evolution Land                        /          /          /                                                                                                                                            

                 3. Monster Media                         /          /                                                                                                                                                       

                 4. Evolution                             /          /                                                                                                                                                       
                 Advisors                                                                                                                                                                                                   

                 5. Evolution                             /          /                                                                                                                                                       
                 Holdings                                                                                                                                                                                                   

                 6. Evolution                             /          /                                                                                                                                                       
                 Ventures                                                                                                                                                                                                   

                 7. Evolution                             /          /                                                                                                                                                       
                 Investments                                                                                                                                                                                                

                 8. IQtrip.com                            /          /                                                                                                                                                       

                 9. Yamu                                  /          /                                                                                                                                  /                    
                 (Thailand)**                                                                                                                                                                                               

                 10. Yamu Villas                          /          /                                                                                                                                  /                    
                 **                                                                                                                                                                                                         

  Associates     1. Casa Fico                             /          /                                                                                                                                                       

                 2. Fena Park                             /          /                                                                                                                                                       

                 3. Andaman Beach                         /          /                                                                                                                                                       
                 Residences                                                                                                                                                                                                 

                 4. Phang Nga                             /          /                                                                                                                                                       
                 Hotel                                                                                                                                                                                                      

                 5. Red Planet                            /          /                                                                                                                                                       
                 Hotels (Thailand)                                                                                                                                                                                          

                 6. Red Planet                            /          /                                                                                                                                                       
                 Hotel                                                                                                                                                                                                      
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X = Chairman of Board of Directors Y = Managing Director / = Director //
= Management

*Resigned from the Company in year 2010.

**Dissolved in year 2010.