10. Connected Transactions

Characteristics of connected transactions

For the 12-month period ending March 31, 2012, March 31, 2011 and March
31, 2010, the Company entered into connected transactions with related
companies as summarized below:

Type of Connected transactions Unit: (in Thousand Baht)

+--------------------------------+------------+-----------+-----------+
|                                | Mar 31,    | Mar 31,   | Mar 31,   |
|                                | 2012       | 2011      | 2010      |
+--------------------------------+------------+-----------+-----------+
| Sales                          | 2,527,483  | 3,557,767 | 2,053,639 |
+--------------------------------+------------+-----------+-----------+
| Other income                   | 13,579     | 16,680    | 74        |
+--------------------------------+------------+-----------+-----------+
| Purchases                      | 2,013,754  | 4,528,519 | 3,458,133 |
+--------------------------------+------------+-----------+-----------+
| Other expense                  | 11,229     | 35,168    | 40,736    |
+--------------------------------+------------+-----------+-----------+
| Interest income                | -          | -         | -         |
+--------------------------------+------------+-----------+-----------+
| Interest expenses              | -          | -         | -         |
+--------------------------------+------------+-----------+-----------+
| Trade accounts receivable      | 56,684     | 238,352   | 52,088    |
+--------------------------------+------------+-----------+-----------+
| Recei                          | 73,243     | 73,930    | 71,651    |
| vables and loan to borrowers * |            |           |           |
+--------------------------------+------------+-----------+-----------+
| Notes receivable               | -          | -         | -         |
+--------------------------------+------------+-----------+-----------+
| Trade accounts payable         | 732,495    | 1,352,915 | 438,150   |
+--------------------------------+------------+-----------+-----------+
| Payables and loan from lenders | 7,248      | 19,896    | 13,871    |
+--------------------------------+------------+-----------+-----------+
| Short-term loans               | 270,596    | -         | -         |
+--------------------------------+------------+-----------+-----------+
| Long-term loans                | -          | 270,596   | 270,596   |
+--------------------------------+------------+-----------+-----------+
| Guarantees of th               | See        |           |           |
| e Company and its subsidiaries | details    |           |           |
|                                | below      |           |           |
+--------------------------------+------------+-----------+-----------+

*Reclassification : Accounts receivable (Tata Sons Ltd.) 71,220 (in
Thousand Baht) from Other current assets to Other receivable - related
parties

Details of each connected transaction are as follows:

Details of Sales with related parties Unit: (in Thousand Baht)

+---+-----------------------+---------+----------+------+------+------+
| N |                       | Type of | Rela     | Am   |      |      |
| a |                       | B       | tionship | ount |      |      |
| m |                       | usiness |          | of   |      |      |
| e |                       |         |          | C    |      |      |
|   |                       |         |          | onne |      |      |
| o |                       |         |          | cted |      |      |
| f |                       |         |          | Tran |      |      |
|   |                       |         |          | sact |      |      |
| C |                       |         |          | ions |      |      |
| o |                       |         |          |      |      |      |
| m |                       |         |          |      |      |      |
| p |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| y |                       |         |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
|   |                       |         |          | Mar  | Mar  | Mar  |
|   |                       |         |          | 31,  | 31,  | 31,  |
|   |                       |         |          | 12   | 11   | 10   |
+---+-----------------------+---------+----------+------+------+------+
| 1 | The Siam Industrial   | Manu    | Same     | 2    | 1    | 1    |
|   | Wire Co., Ltd.        | facture | group of | ,198 | ,794 | ,161 |
|   |                       | Steel   | sha      | ,612 | ,622 | ,028 |
|   |                       | Wire    | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 2 | NatSteel Trade        | Trading | Same     | -    | 895  | 45   |
|   | International Pte.    |         | group of |      | ,474 | ,711 |
|   | Ltd                   |         | sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 3 | Tata Steel            | Trading | Same     | 234  | 436  | 846  |
|   | International (Hong   |         | group of | ,916 | ,048 | ,899 |
|   | Kong)Ltd.             |         | sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 4 | Tata Steel Limited    | Manu    | Same     | 67   | 420  | -    |
|   |                       | facture | group of | ,828 | ,906 |      |
|   |                       | Steel   | sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 5 | Tata Steel            | Trading | Same     | 26   | 10   | -    |
|   | International         |         | group of | ,128 | ,717 |      |
|   | Singapore.            |         | sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| T |                       |         |          | 2    | 3    | 2    |
| o |                       |         |          | ,527 | ,557 | ,053 |
| t |                       |         |          | ,484 | ,767 | ,638 |
| a |                       |         |          |      |      |      |
| l |                       |         |          |      |      |      |
| i |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| e |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| - |                       |         |          |      |      |      |
| c |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| m |                       |         |          |      |      |      |
| p |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| y |                       |         |          |      |      |      |
| s |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| l |                       |         |          |      |      |      |
| e |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| s |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| c |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| i |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| s |                       |         |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+

Details of Other income with related parties Unit: (in Thousand Baht)

+---+-----------------------+---------+----------+------+------+------+
| N |                       | Type of | Rela     | Am   |      |      |
| a |                       | B       | tionship | ount |      |      |
| m |                       | usiness |          | of   |      |      |
| e |                       |         |          | C    |      |      |
|   |                       |         |          | onne |      |      |
| o |                       |         |          | cted |      |      |
| f |                       |         |          | Tran |      |      |
|   |                       |         |          | sact |      |      |
| C |                       |         |          | ions |      |      |
| o |                       |         |          |      |      |      |
| m |                       |         |          |      |      |      |
| p |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| y |                       |         |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
|   |                       |         |          | Mar  | Mar  | Mar  |
|   |                       |         |          | 31,  | 31,  | 31,  |
|   |                       |         |          | 12   | 11   | 10   |
+---+-----------------------+---------+----------+------+------+------+
| 1 | Siam Steel Mill       | Recycle | Hold     | 6    | 8    | -    |
|   | Services Co.,Ltd.     |         | share    | ,630 | ,915 |      |
|   |                       |         | in       |      |      |      |
|   |                       |         | directly |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 2 | NatSteel Recycling    | Recycle | Same     | -    | 6    | -    |
|   | Pte. Ltd              |         | Group of |      | ,298 |      |
|   |                       |         | Sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 3 | NatSteel Trade        | Trading | Same     | -    | 1    | -    |
|   | International Pte.    |         | group of |      | ,467 |      |
|   | Ltd                   |         | sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 4 | The Siam Industrial   | Manu    | Same     | -    | -    | 74   |
|   | Wire Co., Ltd.        | facture | group of |      |      |      |
|   |                       | Steel   | sha      |      |      |      |
|   |                       | Wire    | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 5 | Tata Steel Nederland  | Manu    | Same     | 6    | -    | -    |
|   | Services B.V.         | facture | group of | ,949 |      |      |
|   |                       | Steel   | sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| T |                       |         |          | 13   | 16   | 74   |
| o |                       |         |          | ,579 | ,680 |      |
| t |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| l |                       |         |          |      |      |      |
| i |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| e |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| - |                       |         |          |      |      |      |
| c |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| m |                       |         |          |      |      |      |
| p |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| y |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| h |                       |         |          |      |      |      |
| e |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| i |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| c |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| m |                       |         |          |      |      |      |
| e |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| s |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| c |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| i |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| s |                       |         |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+

Details of Purchases with related parties Unit: (in Thousand Baht)

+---+---+---------------------+---------+----------+------+------+------+
| N |   |                     | Type of | Rela     | Am   |      |      |
| a |   |                     | B       | tionship | ount |      |      |
| m |   |                     | usiness |          | of   |      |      |
| e |   |                     |         |          | C    |      |      |
|   |   |                     |         |          | onne |      |      |
| o |   |                     |         |          | cted |      |      |
| f |   |                     |         |          | Tran |      |      |
|   |   |                     |         |          | sact |      |      |
| C |   |                     |         |          | ions |      |      |
| o |   |                     |         |          |      |      |      |
| m |   |                     |         |          |      |      |      |
| p |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| y |   |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
|   |   |                     |         |          | Mar  | Mar  | Mar  |
|   |   |                     |         |          | 31,  | 31,  | 31,  |
|   |   |                     |         |          | 12   | 11   | 10   |
+---+---+---------------------+---------+----------+------+------+------+
| 1 | T |                     | Manu    | Same     | 6    | 1    | 606  |
|   | a |                     | facture | group of | ,393 | ,482 | ,047 |
|   | t |                     | Steel   | sha      |      | ,897 |      |
|   | a |                     |         | reholder |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | U |                     |         |          |      |      |      |
|   | K |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 2 | N |                     | Recycle | Same     | 1    | 1    | 1    |
|   | a |                     |         | Group of | ,489 | ,100 | ,081 |
|   | t |                     |         | Sha      | ,394 | ,082 | ,658 |
|   | S |                     |         | reholder |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | R |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | y |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | g |                     |         |          |      |      |      |
|   | P |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 3 | T |                     | Proc    | Same     | 1    | 1    | -    |
|   | a |                     | urement | group of | ,432 | ,091 |      |
|   | t |                     |         | sha      |      | ,158 |      |
|   | a |                     |         | reholder |      |      |      |
|   | T |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | G |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | b |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | P |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | u |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | m |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | C |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
|   | P |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 4 | T |                     | Manu    | Sha      | 181  | 392  | 899  |
|   | a |                     | facture | reholder | ,796 | ,651 | ,981 |
|   | t |                     | Steel   |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | T |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | m |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 5 | S |                     | Recycle | Hold     | 178  | 220  | 196  |
|   | i |                     |         | share    | ,487 | ,121 | ,044 |
|   | a |                     |         | in       |      |      |      |
|   | m |                     |         | directly |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | M |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | v |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | C |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
|   | , |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 6 | T |                     | S       | Same     | 1    | 115  | 124  |
|   | a |                     | hipping | group of | ,287 | ,892 | ,132 |
|   | t |                     |         | sha      |      |      |      |
|   | a |                     |         | reholder |      |      |      |
|   | N |                     |         |          |      |      |      |
|   | Y |                     |         |          |      |      |      |
|   | K |                     |         |          |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | h |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | p |                     |         |          |      |      |      |
|   | p |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | g |                     |         |          |      |      |      |
|   | P |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | , |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 7 | N |                     | Trading | Same     | (38) | 79   | 411  |
|   | a |                     |         | group of |      | ,972 | ,988 |
|   | t |                     |         | sha      |      |      |      |
|   | S |                     |         | reholder |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | T |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | I |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | P |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 8 | T |                     | Trading | Same     | -    | 27   | 13   |
|   | a |                     |         | group of |      | ,128 | ,455 |
|   | t |                     |         | sha      |      |      |      |
|   | a |                     |         | reholder |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | I |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | ( |                     |         |          |      |      |      |
|   | H |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | g |                     |         |          |      |      |      |
|   | K |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | g |                     |         |          |      |      |      |
|   | ) |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 9 | C |                     | Manu    | Same     | -    | 12   | -    |
|   | o |                     | facture | group of |      | ,839 |      |
|   | r |                     | Steel   | sha      |      |      |      |
|   | u |                     |         | reholder |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | B |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
|   | V |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 1 | T |                     | Manu    | Same     | 3    | 5    | 700  |
| 0 | h |                     | facture | group of | ,998 | ,519 |      |
|   | e |                     | Steel   | sha      |      |      |      |
|   | S |                     | Wire    | reholder |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | m |                     |         |          |      |      |      |
|   | I |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | u |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | W |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | C |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
|   | , |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 1 | M |                     | Service | Same     | 540  | 260  | -    |
| 1 | j |                     |         | group of |      |      |      |
|   | u |                     |         | sha      |      |      |      |
|   | n |                     |         | reholder |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | v |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | m |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 1 | T |                     | Proc    | Same     | -    | -    | 123  |
| 2 | a |                     | urement | group of |      |      | ,162 |
|   | t |                     |         | sha      |      |      |      |
|   | a |                     |         | reholder |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | R |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | u |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | A |                     |         |          |      |      |      |
|   | u |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 1 | N |                     | In      | Same     | -    | -    | 544  |
| 3 | a |                     | vesting | group of |      |      |      |
|   | t |                     |         | sha      |      |      |      |
|   | S |                     |         | reholder |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | H |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | g |                     |         |          |      |      |      |
|   | P |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 1 | T |                     | Manu    | Same     | -    | -    | 422  |
| 4 | a |                     | facture | group of |      |      |      |
|   | t |                     | Ref     | sha      |      |      |      |
|   | a |                     | ractory | reholder |      |      |      |
|   | R |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | f |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 1 | T |                     | Trading | Same     | 94   | -    | -    |
| 5 | a |                     |         | group of | ,402 |      |      |
|   | t |                     |         | sha      |      |      |      |
|   | a |                     |         | reholder |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | A |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | ( |                     |         |          |      |      |      |
|   | H |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | g |                     |         |          |      |      |      |
|   | K |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | g |                     |         |          |      |      |      |
|   | ) |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 1 | T |                     | S       | Same     | 55   | -    | -    |
| 6 | a |                     | hipping | group of | ,999 |      |      |
|   | t |                     |         | sha      |      |      |      |
|   | a |                     |         | reholder |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | I |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | ( |                     |         |          |      |      |      |
|   | U |                     |         |          |      |      |      |
|   | K |                     |         |          |      |      |      |
|   | ) |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 1 | T |                     | Manu    | Same     | 64   | -    | -    |
| 7 | a |                     | facture | group of |      |      |      |
|   | t |                     | Steel   | sha      |      |      |      |
|   | a |                     |         | reholder |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | I |                     |         |          |      |      |      |
|   | J |                     |         |          |      |      |      |
|   | m |                     |         |          |      |      |      |
|   | u |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | B |                     |         |          |      |      |      |
|   | V |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| T |   |                     |         |          | 2    | 4    | 3    |
| o |   |                     |         |          | ,013 | ,528 | ,458 |
| t |   |                     |         |          | ,754 | ,519 | ,133 |
| a |   |                     |         |          |      |      |      |
| l |   |                     |         |          |      |      |      |
| i |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| t |   |                     |         |          |      |      |      |
| e |   |                     |         |          |      |      |      |
| r |   |                     |         |          |      |      |      |
| - |   |                     |         |          |      |      |      |
| c |   |                     |         |          |      |      |      |
| o |   |                     |         |          |      |      |      |
| m |   |                     |         |          |      |      |      |
| p |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| y |   |                     |         |          |      |      |      |
| p |   |                     |         |          |      |      |      |
| u |   |                     |         |          |      |      |      |
| r |   |                     |         |          |      |      |      |
| c |   |                     |         |          |      |      |      |
| h |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| s |   |                     |         |          |      |      |      |
| e |   |                     |         |          |      |      |      |
| t |   |                     |         |          |      |      |      |
| r |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| s |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| c |   |                     |         |          |      |      |      |
| t |   |                     |         |          |      |      |      |
| i |   |                     |         |          |      |      |      |
| o |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| s |   |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+

Details of 0ther expense with related parties Unit: (in Thousand Baht)

+---+---+---------------------+---------+----------+------+------+------+
| N |   |                     | Type of | Rela     | Am   |      |      |
| a |   |                     | B       | tionship | ount |      |      |
| m |   |                     | usiness |          | of   |      |      |
| e |   |                     |         |          | C    |      |      |
|   |   |                     |         |          | onne |      |      |
| o |   |                     |         |          | cted |      |      |
| f |   |                     |         |          | Tran |      |      |
|   |   |                     |         |          | sact |      |      |
| C |   |                     |         |          | ions |      |      |
| o |   |                     |         |          |      |      |      |
| m |   |                     |         |          |      |      |      |
| p |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| y |   |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
|   |   |                     |         |          | Mar  | Mar  | Mar  |
|   |   |                     |         |          | 31,  | 31,  | 31,  |
|   |   |                     |         |          | 12   | 11   | 10   |
+---+---+---------------------+---------+----------+------+------+------+
| 1 | T |                     | Manu    | Same     | 10   | 24   | 33   |
|   | a |                     | facture | group of | ,379 | ,572 | ,892 |
|   | t |                     | Steel   | sha      |      |      |      |
|   | a |                     |         | reholder |      |      |      |
|   | C |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | u |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | y |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | v |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | ( |                     |         |          |      |      |      |
|   | T |                     |         |          |      |      |      |
|   | h |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | ) |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 2 | T |                     | c       | Same     | -    | 8    | -    |
|   | a |                     | omputer | group of |      | ,907 |      |
|   | t |                     | con     | sha      |      |      |      |
|   | a |                     | sultant | reholder |      |      |      |
|   | S |                     | service |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | U |                     |         |          |      |      |      |
|   | K |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 3 | M |                     | Service | Same     | 749  | 966  | -    |
|   | j |                     |         | group of |      |      |      |
|   | u |                     |         | sha      |      |      |      |
|   | n |                     |         | reholder |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | v |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | m |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 4 | T |                     | Manu    | Same     | -    | 388  | -    |
|   | h |                     | facture | group of |      |      |      |
|   | e |                     | Steel   | sha      |      |      |      |
|   | S |                     | Wire    | reholder |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | m |                     |         |          |      |      |      |
|   | I |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | u |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | W |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | C |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
|   | , |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 5 | T |                     | T       | Same     | -    | 164  | 926  |
|   | a |                     | raining | group of |      |      |      |
|   | t |                     | service | sha      |      |      |      |
|   | a |                     |         | reholder |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | v |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | m |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 6 | T |                     | S       | Same     | -    | 85   | 127  |
|   | a |                     | oftware | group of |      |      |      |
|   | t |                     | s       | sha      |      |      |      |
|   | a |                     | ervices | reholder |      |      |      |
|   | C |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | u |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | y |                     |         |          |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | v |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 7 | T |                     | Manu    | Sha      | 27   | 55   | 22   |
|   | a |                     | facture | reholder |      |      |      |
|   | t |                     | Steel   |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | T |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | m |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 8 | T |                     | In      | Same     | -    | 19   | 5    |
|   | a |                     | vesting | group of |      |      | ,750 |
|   | t |                     |         | sha      |      |      |      |
|   | a |                     |         | reholder |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 9 | T |                     | S       | Same     | -    | 12   | -    |
|   | a |                     | oftware | group of |      |      |      |
|   | t |                     | s       | sha      |      |      |      |
|   | a |                     | ervices | reholder |      |      |      |
|   | T |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | h |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | g |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | P |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 1 | T |                     | Trading | Same     | -    | -    | 19   |
| 0 | a |                     |         | group of |      |      |      |
|   | t |                     |         | sha      |      |      |      |
|   | a |                     |         | reholder |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | A |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | ( |                     |         |          |      |      |      |
|   | H |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | g |                     |         |          |      |      |      |
|   | K |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | g |                     |         |          |      |      |      |
|   | ) |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | m |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 1 | N |                     | Trading | Same     | 74   | -    | -    |
| 1 | a |                     |         | group of |      |      |      |
|   | t |                     |         | sha      |      |      |      |
|   | S |                     |         | reholder |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | R |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | y |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | g |                     |         |          |      |      |      |
|   | P |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| T |   |                     |         |          | 11   | 35   | 40   |
| o |   |                     |         |          | ,229 | ,168 | ,736 |
| t |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| l |   |                     |         |          |      |      |      |
| i |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| t |   |                     |         |          |      |      |      |
| e |   |                     |         |          |      |      |      |
| r |   |                     |         |          |      |      |      |
| - |   |                     |         |          |      |      |      |
| c |   |                     |         |          |      |      |      |
| o |   |                     |         |          |      |      |      |
| m |   |                     |         |          |      |      |      |
| p |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| y |   |                     |         |          |      |      |      |
| o |   |                     |         |          |      |      |      |
| t |   |                     |         |          |      |      |      |
| h |   |                     |         |          |      |      |      |
| e |   |                     |         |          |      |      |      |
| r |   |                     |         |          |      |      |      |
| e |   |                     |         |          |      |      |      |
| x |   |                     |         |          |      |      |      |
| p |   |                     |         |          |      |      |      |
| e |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| s |   |                     |         |          |      |      |      |
| e |   |                     |         |          |      |      |      |
| t |   |                     |         |          |      |      |      |
| r |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| s |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| c |   |                     |         |          |      |      |      |
| t |   |                     |         |          |      |      |      |
| i |   |                     |         |          |      |      |      |
| o |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| s |   |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+

Details of Interest Received with related parties

- None -

Details of Interest Paid with related parties

- None –

Details of Trade Accounts Receivable with related parties Unit: (in
Thousand Baht)

+---+-----------------------+---------+----------+------+------+------+
| N |                       | Type of | Rela     | Am   |      |      |
| a |                       | B       | tionship | ount |      |      |
| m |                       | usiness |          | of   |      |      |
| e |                       |         |          | C    |      |      |
|   |                       |         |          | onne |      |      |
| o |                       |         |          | cted |      |      |
| f |                       |         |          | Tran |      |      |
|   |                       |         |          | sact |      |      |
| C |                       |         |          | ions |      |      |
| o |                       |         |          |      |      |      |
| m |                       |         |          |      |      |      |
| p |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| y |                       |         |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
|   |                       |         |          | Mar  | Mar  | Mar  |
|   |                       |         |          | 31,  | 31,  | 31,  |
|   |                       |         |          | 12   | 11   | 10   |
+---+-----------------------+---------+----------+------+------+------+
| 1 | NatSteel Trade        | Trading | Same     | -    | 165  | -    |
|   | International Pte.    |         | group of |      | ,070 |      |
|   | Ltd.                  |         | sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 2 | Tata Steel            | Trading | Same     | -    | 49   | 27   |
|   | International (Hong   |         | group of |      | ,053 | ,863 |
|   | Kong) Ltd.            |         | sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 3 | The Siam Industrial   | Manu    | Same     | 54   | 24   | 24   |
|   | Wire Co., Ltd.        | facture | group of | ,243 | ,229 | ,225 |
|   |                       |         | sha      |      |      |      |
|   |                       | Wire    | reholder |      |      |      |
|   |                       | rod     |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 4 | Tata steel            | Trading | Same     | 2    | -    | -    |
|   | International         |         | group of | ,441 |      |      |
|   | (Singapore) Ltd.      |         | sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| T |                       |         |          | 56   | 238  | 52   |
| o |                       |         |          | ,684 | ,352 | ,088 |
| t |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| l |                       |         |          |      |      |      |
| i |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| e |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| - |                       |         |          |      |      |      |
| c |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| m |                       |         |          |      |      |      |
| p |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| y |                       |         |          |      |      |      |
| T |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| d |                       |         |          |      |      |      |
| e |                       |         |          |      |      |      |
| A |                       |         |          |      |      |      |
| c |                       |         |          |      |      |      |
| c |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| u |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| s |                       |         |          |      |      |      |
| R |                       |         |          |      |      |      |
| e |                       |         |          |      |      |      |
| c |                       |         |          |      |      |      |
| e |                       |         |          |      |      |      |
| i |                       |         |          |      |      |      |
| v |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| b |                       |         |          |      |      |      |
| l |                       |         |          |      |      |      |
| e |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| s |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| c |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| i |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| s |                       |         |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+

Details of Debtors and loan with related parties Unit: (in Thousand
Baht)

+---+-----------------------+---------+----------+------+------+------+
| N |                       | Type of | Rela     | Am   |      |      |
| a |                       | B       | tionship | ount |      |      |
| m |                       | usiness |          | of   |      |      |
| e |                       |         |          | C    |      |      |
|   |                       |         |          | onne |      |      |
| o |                       |         |          | cted |      |      |
| f |                       |         |          | Tran |      |      |
|   |                       |         |          | sact |      |      |
| C |                       |         |          | ions |      |      |
| o |                       |         |          |      |      |      |
| m |                       |         |          |      |      |      |
| p |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| y |                       |         |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
|   |                       |         |          | Mar  | Mar  | Mar  |
|   |                       |         |          | 31,  | 31,  | 31,  |
|   |                       |         |          | 12   | 11   | 10   |
+---+-----------------------+---------+----------+------+------+------+
| 1 | Siam Steel Mill       | Recycle | Hold     | 821  | 2    | 431  |
|   | Services Co.,Ltd.     |         | share    |      | ,027 |      |
|   |                       |         | in       |      |      |      |
|   |                       |         | directly |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 2 | NatSteel Recycling    | Recycle | Same     | -    | 683  | -    |
|   | Pte. Ltd              |         | Group of |      |      |      |
|   |                       |         | Sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 3 | Tata Steel Nederland  | Manu    | Same     | 1    | -    | -    |
|   | Services B.V.         | facture | Group of | ,202 |      |      |
|   |                       | steel   | Sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 4 | Tata Sons Ltd         | Inv     | Same     | 71   | 71   | 71   |
|   |                       | estment | Group of | ,220 | ,220 | ,220 |
|   |                       | h       | Sha      |      |      |      |
|   |                       | oldings | reholder |      |      |      |
|   |                       | and     |          |      |      |      |
|   |                       | cons    |          |      |      |      |
|   |                       | ultancy |          |      |      |      |
|   |                       | s       |          |      |      |      |
|   |                       | ervices |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| T |                       |         |          | 73   | 73   | 71   |
| o |                       |         |          | ,243 | ,930 | ,651 |
| t |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| l |                       |         |          |      |      |      |
| i |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| e |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| - |                       |         |          |      |      |      |
| c |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| m |                       |         |          |      |      |      |
| p |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| y |                       |         |          |      |      |      |
| D |                       |         |          |      |      |      |
| e |                       |         |          |      |      |      |
| b |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| s |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| d |                       |         |          |      |      |      |
| l |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| s |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| c |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| i |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| s |                       |         |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+

Details of Notes Receivable with related parties

- None -

Details of Trade Accounts Payable with related parties Unit: (in
Thousand Baht)

+---+---+---------------------+---------+----------+------+------+------+
| N |   |                     | Type of | Rela     | Am   |      |      |
| a |   |                     | B       | tionship | ount |      |      |
| m |   |                     | usiness |          | of   |      |      |
| e |   |                     |         |          | C    |      |      |
|   |   |                     |         |          | onne |      |      |
| o |   |                     |         |          | cted |      |      |
| f |   |                     |         |          | Tran |      |      |
|   |   |                     |         |          | sact |      |      |
| C |   |                     |         |          | ions |      |      |
| o |   |                     |         |          |      |      |      |
| m |   |                     |         |          |      |      |      |
| p |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| y |   |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
|   |   |                     |         |          | Mar  | Mar  | Mar  |
|   |   |                     |         |          | 31,  | 31,  | 31,  |
|   |   |                     |         |          | 12   | 11   | 10   |
+---+---+---------------------+---------+----------+------+------+------+
| 1 | T |                     | Proc    | Same     | -    | 715  | -    |
|   | a |                     | urement | Group of |      | ,079 |      |
|   | t |                     |         | Sha      |      |      |      |
|   | a |                     |         | reholder |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | G |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | b |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | P |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | u |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | m |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | C |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
|   | P |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 2 | T |                     | Manu    | Same     | -    | 572  | 174  |
|   | a |                     | facture | Group of |      | ,269 | ,325 |
|   | t |                     | Steel   | Sha      |      |      |      |
|   | a |                     |         | reholder |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | U |                     |         |          |      |      |      |
|   | K |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 3 | T |                     | Manu    | Sha      | -    | 42   | 229  |
|   | a |                     | facture | reholder |      | ,671 | ,180 |
|   | t |                     | Steel   |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | m |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 4 | N |                     | Recycle | Same     | 677  | 12   | -    |
|   | a |                     |         | Group of | ,013 | ,621 |      |
|   | t |                     |         |          |      |      |      |
|   | S |                     |         | Sha      |      |      |      |
|   | t |                     |         | reholder |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | R |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | y |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | g |                     |         |          |      |      |      |
|   | P |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 5 | S |                     | Recycle | Hold     | 8    | 9    | 34   |
|   | i |                     |         | share    | ,107 | ,924 | ,645 |
|   | a |                     |         | in       |      |      |      |
|   | m |                     |         | directly |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | M |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | v |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | C |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
|   | , |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
|   | . |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 6 | M |                     | Service | Same     | -    | 351  | -    |
|   | j |                     |         | group of |      |      |      |
|   | u |                     |         | sha      |      |      |      |
|   | n |                     |         | reholder |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | r |                     |         |          |      |      |      |
|   | v |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | c |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | m |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| 6 | T |                     | Trading | Same     | 47   | -    | -    |
|   | a |                     |         | group of | ,375 |      |      |
|   | t |                     |         | sha      |      |      |      |
|   | a |                     |         | reholder |      |      |      |
|   | S |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | l |                     |         |          |      |      |      |
|   | A |                     |         |          |      |      |      |
|   | s |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | a |                     |         |          |      |      |      |
|   | ( |                     |         |          |      |      |      |
|   | H |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | g |                     |         |          |      |      |      |
|   | K |                     |         |          |      |      |      |
|   | o |                     |         |          |      |      |      |
|   | n |                     |         |          |      |      |      |
|   | g |                     |         |          |      |      |      |
|   | ) |                     |         |          |      |      |      |
|   | L |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | m |                     |         |          |      |      |      |
|   | i |                     |         |          |      |      |      |
|   | t |                     |         |          |      |      |      |
|   | e |                     |         |          |      |      |      |
|   | d |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+
| T |   |                     |         |          | 732  | 1    | 438  |
| o |   |                     |         |          | ,495 | ,352 | ,150 |
| t |   |                     |         |          |      | ,915 |      |
| a |   |                     |         |          |      |      |      |
| l |   |                     |         |          |      |      |      |
| i |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| t |   |                     |         |          |      |      |      |
| e |   |                     |         |          |      |      |      |
| r |   |                     |         |          |      |      |      |
| - |   |                     |         |          |      |      |      |
| c |   |                     |         |          |      |      |      |
| o |   |                     |         |          |      |      |      |
| m |   |                     |         |          |      |      |      |
| p |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| y |   |                     |         |          |      |      |      |
| T |   |                     |         |          |      |      |      |
| r |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| d |   |                     |         |          |      |      |      |
| e |   |                     |         |          |      |      |      |
| A |   |                     |         |          |      |      |      |
| c |   |                     |         |          |      |      |      |
| c |   |                     |         |          |      |      |      |
| o |   |                     |         |          |      |      |      |
| u |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| t |   |                     |         |          |      |      |      |
| s |   |                     |         |          |      |      |      |
| P |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| y |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| b |   |                     |         |          |      |      |      |
| l |   |                     |         |          |      |      |      |
| e |   |                     |         |          |      |      |      |
| t |   |                     |         |          |      |      |      |
| r |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| s |   |                     |         |          |      |      |      |
| a |   |                     |         |          |      |      |      |
| c |   |                     |         |          |      |      |      |
| t |   |                     |         |          |      |      |      |
| i |   |                     |         |          |      |      |      |
| o |   |                     |         |          |      |      |      |
| n |   |                     |         |          |      |      |      |
| s |   |                     |         |          |      |      |      |
+---+---+---------------------+---------+----------+------+------+------+

Details of Creditors and loan with related parties ** Unit: (in Thousand
Baht)

+---+-----------------------+---------+----------+------+------+------+
| N |                       | Type of | Rela     | Am   |      |      |
| a |                       | B       | tionship | ount |      |      |
| m |                       | usiness |          | of   |      |      |
| e |                       |         |          | C    |      |      |
|   |                       |         |          | onne |      |      |
| o |                       |         |          | cted |      |      |
| f |                       |         |          | Tran |      |      |
|   |                       |         |          | sact |      |      |
| C |                       |         |          | ions |      |      |
| o |                       |         |          |      |      |      |
| m |                       |         |          |      |      |      |
| p |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| y |                       |         |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
|   |                       |         |          | Mar  | Mar  | Mar  |
|   |                       |         |          | 31,  | 31,  | 31,  |
|   |                       |         |          | 12   | 11   | 10   |
+---+-----------------------+---------+----------+------+------+------+
| 1 | Siam Steel Mill       | Recycle | Hold     | 7    | 11   |      |
|   | Services Co.,Ltd      |         | share    | ,246 | ,287 |      |
|   |                       |         | in       |      |      |      |
|   |                       |         | directly |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 2 | Tata Consultancy      | c       | Same     | -    | 7    | 8    |
|   | service(Thailand) Ltd | omputer | group of |      | ,880 | ,430 |
|   |                       | con     | sha      |      |      |      |
|   |                       | sultant | reholder |      |      |      |
|   |                       | service |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 3 | The Siam Industrial   | Manu    | Same     | 2    | 585  | -    |
|   | Wire Co., Ltd.        | facture | group of |      |      |      |
|   |                       |         | sha      |      |      |      |
|   |                       | Steel   | reholder |      |      |      |
|   |                       | Wire    |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 4 | Mjunction Services    | Service | Same     | -    | 144  | -    |
|   | Limited               |         | group of |      |      |      |
|   |                       |         | sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 5 | Tata Sons Ltd.        | In      | Same     | -    | -    | 5    |
|   |                       | vesting | group of |      |      | ,318 |
|   |                       |         | sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 6 | Tata Steel Limited    | Manu    | Sha      | -    | -    | -    |
|   |                       | facture | reholder |      |      |      |
|   |                       | Steel   |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 7 | NatSteel Recycling    | Recycle | Same     | -    | -    | 117  |
|   | Pte, Ltd.             |         | group of |      |      |      |
|   |                       |         | sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| 8 | NatSteel Holding      | Manu    | Same     | -    | -    | 6    |
|   | Pts,Ltd.              | facture | group of |      |      |      |
|   |                       | Steel   | sha      |      |      |      |
|   |                       |         | reholder |      |      |      |
+---+-----------------------+---------+----------+------+------+------+
| T |                       |         |          | 7    | 19   | 13   |
| o |                       |         |          | ,248 | ,896 | ,871 |
| t |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| l |                       |         |          |      |      |      |
| i |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| e |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| - |                       |         |          |      |      |      |
| c |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| m |                       |         |          |      |      |      |
| p |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| y |                       |         |          |      |      |      |
| C |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| e |                       |         |          |      |      |      |
| d |                       |         |          |      |      |      |
| i |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| s |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| d |                       |         |          |      |      |      |
| l |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| r |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| s |                       |         |          |      |      |      |
| a |                       |         |          |      |      |      |
| c |                       |         |          |      |      |      |
| t |                       |         |          |      |      |      |
| i |                       |         |          |      |      |      |
| o |                       |         |          |      |      |      |
| n |                       |         |          |      |      |      |
| s |                       |         |          |      |      |      |
+---+-----------------------+---------+----------+------+------+------+

Remark: ** Detail of creditors and loan with related parties above was
normal transaction between the Company and its subsidiaries and related
companies, in which if the transaction above is classified as core
business of each company, it will be treated as trade accounts payable
with related parties, but if it’s not core business, the transaction
will be recorded as the creditors and loan with related parties.

+---+------------------------+---------+----------+------+------+------+
| D |                        |         |          |      |      |      |
| e |                        |         |          |      |      |      |
| t |                        |         |          |      |      |      |
| a |                        |         |          |      |      |      |
| i |                        |         |          |      |      |      |
| l |                        |         |          |      |      |      |
| s |                        |         |          |      |      |      |
| o |                        |         |          |      |      |      |
| f |                        |         |          |      |      |      |
| L |                        |         |          |      |      |      |
| o |                        |         |          |      |      |      |
| n |                        |         |          |      |      |      |
| g |                        |         |          |      |      |      |
| - |                        |         |          |      |      |      |
| t |                        |         |          |      |      |      |
| e |                        |         |          |      |      |      |
| r |                        |         |          |      |      |      |
| m |                        |         |          |      |      |      |
| l |                        |         |          |      |      |      |
| o |                        |         |          |      |      |      |
| a |                        |         |          |      |      |      |
| n |                        |         |          |      |      |      |
| f |                        |         |          |      |      |      |
| r |                        |         |          |      |      |      |
| o |                        |         |          |      |      |      |
| m |                        |         |          |      |      |      |
| r |                        |         |          |      |      |      |
| e |                        |         |          |      |      |      |
| l |                        |         |          |      |      |      |
| a |                        |         |          |      |      |      |
| t |                        |         |          |      |      |      |
| e |                        |         |          |      |      |      |
| d |                        |         |          |      |      |      |
| p |                        |         |          |      |      |      |
| a |                        |         |          |      |      |      |
| r |                        |         |          |      |      |      |
| t |                        |         |          |      |      |      |
| i |                        |         |          |      |      |      |
| e |                        |         |          |      |      |      |
| s |                        |         |          |      |      |      |
| d |                        |         |          |      |      |      |
| u |                        |         |          |      |      |      |
| e |                        |         |          |      |      |      |
| i |                        |         |          |      |      |      |
| n |                        |         |          |      |      |      |
| o |                        |         |          |      |      |      |
| n |                        |         |          |      |      |      |
| e |                        |         |          |      |      |      |
| y |                        |         |          |      |      |      |
| e |                        |         |          |      |      |      |
| a |                        |         |          |      |      |      |
| r |                        |         |          |      |      |      |
| U |                        |         |          |      |      |      |
| n |                        |         |          |      |      |      |
| i |                        |         |          |      |      |      |
| t |                        |         |          |      |      |      |
| : |                        |         |          |      |      |      |
| ( |                        |         |          |      |      |      |
| i |                        |         |          |      |      |      |
| n |                        |         |          |      |      |      |
| T |                        |         |          |      |      |      |
| h |                        |         |          |      |      |      |
| o |                        |         |          |      |      |      |
| u |                        |         |          |      |      |      |
| s |                        |         |          |      |      |      |
| a |                        |         |          |      |      |      |
| n |                        |         |          |      |      |      |
| d |                        |         |          |      |      |      |
| B |                        |         |          |      |      |      |
| a |                        |         |          |      |      |      |
| h |                        |         |          |      |      |      |
| t |                        |         |          |      |      |      |
| ) |                        |         |          |      |      |      |
+---+------------------------+---------+----------+------+------+------+
| N |                        | Type of | Rela     | Am   |      |      |
| a |                        | B       | tionship | ount |      |      |
| m |                        | usiness |          | of   |      |      |
| e |                        |         |          | C    |      |      |
|   |                        |         |          | onne |      |      |
| o |                        |         |          | cted |      |      |
| f |                        |         |          | Tran |      |      |
|   |                        |         |          | sact |      |      |
| C |                        |         |          | ions |      |      |
| o |                        |         |          |      |      |      |
| m |                        |         |          |      |      |      |
| p |                        |         |          |      |      |      |
| a |                        |         |          |      |      |      |
| n |                        |         |          |      |      |      |
| y |                        |         |          |      |      |      |
+---+------------------------+---------+----------+------+------+------+
|   |                        |         |          | Mar  | Mar  | Mar  |
|   |                        |         |          | 31,  | 31,  | 31,  |
|   |                        |         |          | 12   | 11   | 10   |
+---+------------------------+---------+----------+------+------+------+
| 1 |                        | Manuf   | Sha      | 270  | -    | -    |
| . |                        | acturer | reholder | ,596 |      |      |
| T |                        | Steel   |          |      |      |      |
| a |                        |         |          |      |      |      |
| t |                        |         |          |      |      |      |
| a |                        |         |          |      |      |      |
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+---+------------------------+---------+----------+------+------+------+
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+---+------------------------+---------+----------+------+------+------+
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+---+------------------------+---------+----------+------+------+------+
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+---+------------------------+---------+----------+------+------+------+
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+---+------------------------+---------+----------+------+------+------+
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+---+------------------------+---------+----------+------+------+------+

+--------------+---------------------------------------+--------------+
| Detail of    |                                       |              |
| the          |                                       |              |
| Guarantee of |                                       |              |
| the company  |                                       |              |
| and its      |                                       |              |
| subsidiaries |                                       |              |
| Unit: (in    |                                       |              |
| Million      |                                       |              |
| Baht)        |                                       |              |
+--------------+---------------------------------------+--------------+
| Name of      | Characteristics of Guarantee          | Guarantee    |
| Company      |                                       | Value        |
+--------------+---------------------------------------+--------------+
| TSTH         | - Guarantee for loan in accordance    | 12,800       |
|              | with loan agreement between           |              |
|              |                                       |              |
|              |   TSTH Group and BBL, SCB             |              |
+--------------+---------------------------------------+--------------+
| NTS          | - Guarantee for loan in accordance    | 12,800       |
|              | with loan agreement between           |              |
|              |                                       |              |
|              | TSTH Group and BBL, SCB               |              |
+--------------+---------------------------------------+--------------+
| SISC         | - Guarantee for loan in accordance    | 12,800       |
|              | with loan agreement between           |              |
|              |                                       |              |
|              | TSTH Group and BBL, SCB               |              |
+--------------+---------------------------------------+--------------+
| SCSC         | - Guarantee for loan in accordance    | 12,800       |
|              | with loan agreement between           |              |
|              |                                       |              |
|              | TSTH Group and BBL, SCB               |              |
+--------------+---------------------------------------+--------------+

Remark: Such guarantee is the guarantee for long-term loan and working
capital between TSTH and Siam Commercial Bank Public Company Limited in
the amount of Baht 6,870 million , TSTH and Bangkok Bank Public Company
Limited of Baht 5,930 million, respectively.

Pricing Condition and Policy

The said connected transactions between the Company and subsidiaries or
related companies were adopted for commercial transactions, including
borrowing or grant of loans within the policy frame work of transfer
pricing mechanism, with prices and interest rates applicable to ordinary
person. In the absence of reference price or interest benchmark rate,
the Company uses the third party prices as if operating under the same
or similar conditions with significant transactions. This is based on
the appraised value reported by independent appraisers.

Necessity and Appropriateness of Connected transaction

The said connected transaction has been transacted in the normal course
of business and is a generally accepted trading term. The benefits to
the Company from such transactions were that purchase of raw materials
ensured quality and continuity of supply, sales of goods added more
channels of product distribution, and promissory notes enhanced
flexibility in operation.

Measures/Procedures of approving connected transaction

In approval of connected transactions, each subsidiary, as clearly set
forth in the Authority Table of the Company, must seek approval from
either its Managing Director or the subsidiaries’ Board of directors or
President or Executive Committee or the Company’s Board of directors,
depending on the amount of budget involved under the Company’s internal
control system which has properly been set up. Such authoritative power
is reviewed on a regular basis for the sake of operational flexibility
and internal control.

Should there be any transactions relating to persons having conflict of
interest with the Company, the Company will strictly follow rules,
regulations according to the notifications of by the Securities and
Exchange Commission and the Stock Exchange of Thailand, i.e., seeking
approval from the Board of Directors and/ or the shareholders, with the
recommendation from the Audit Committee. Directors and Executives having
interest and/ or connection on a matter will not attend the meeting and
vote on such matter to make the fair decisions.

The implementation also included the compliance with the regulation, in
case there shall be a disclosure of connected transactions and
acquisition or disposition of assets of the Company or its subsidiaries.
The company conforms to the accounting standards announced by the
Institute of Certified Accountants and Auditors of Thailand with respect
to the disclosure of connected transactions or connected transactions
are established on the basis of necessity, reasonableness, and the
optimal benefit of the company.

Policy or future trend of connected transaction

Future connected transactions between the Company and its subsidiaries
or related companies will be conducted in the ordinary course of
business on an arm’s length basis. In respect of transactions involving
persons with conflict of interests or having interests and/or connected
persons, the Company will strictly perform accordingly to measures and
procedures prescribed by the Securities and Exchange Commission and the
Stock Exchange of Thailand.