10. Related Transactions

The Company and its subsidiaries have entered into related transactions
with connected persons. All of these related transactions are made in
the ordinary course of business and on general trading conditions.

To be aligned with the Security and Exchange Act (No. 4) B.E. 2551,
Article 89/12 (1), the Company’s Board of Directors has approved in
principle, on 13 August 2008, that the management shall have the
authority to undertake the related transactions, whereas those
transactions are transactions with general trading conditions. The
approval of the above transactions shall not constitute such authority
to allow the director, an executive, or a related person to approve with
a conflict of interest.

For approval process, the related transactions shall be processed in the
same practice as other general trading transactions with outside parties
with the authorized executives designated and empowered to endorse up to
a certain limit of budget according to their respective rank and
position. The Audit Committee of the Company and its subsidiaries is
responsible for reviewing the related transactions every quarter to
ensure that no conflict of interest will be occurred in order to
maximize the overall company’s benefits.

The practice and disclosure about the related transactions have been
followed up strictly under the notifications or rules of the Stock
Exchange of Thailand.

For the fiscal year ended 31 December 2012 and 2011, the Company and its
subsidiaries had the related transactions in which the auditors had
disclosed in the notes to audited financial statements and these
transactions have been reviewed by the Audit Committee. The Audit
Committee had an opinion that all related transactions are reasonable
and based on the normal course of business. The Company charges /
purchases products and services with related parties at reasonable
prices and those prices are comparable to the market rate with general
trading conditions. Details of related transactions are as follows;

+-------------+--------------+----+-----+-----+-----+--------------+
| Related     | Detail of    | 31 |     | 31  |     | Rational and |
| parti       | transactions | De |     | De  |     | necessity    |
| es/Relation |              | ce |     | cem |     |              |
| to the      |              | mb |     | ber |     |              |
| Company     |              | er |     | 2   |     |              |
|             |              | 20 |     | 011 |     |              |
|             |              | 12 |     |     |     |              |
|             |              |    |     | (M  |     |              |
|             |              | (M |     | ill |     |              |
|             |              | il |     | ion |     |              |
|             |              | li |     | Ba  |     |              |
|             |              | on |     | ht) |     |              |
|             |              | B  |     |     |     |              |
|             |              | ah |     |     |     |              |
|             |              | t) |     |     |     |              |
+=============+==============+====+=====+=====+=====+==============+
|             |              | C  | Con | C   | Con |              |
|             |              | om | sol | omp | sol |              |
|             |              | pa | ida | any | ida |              |
|             |              | ny | ted |     | ted |              |
+-------------+--------------+----+-----+-----+-----+--------------+
| 1. Shin     | The Company  |    |     |     |     | The Company  |
| Corporation | pays a       |    |     |     |     | pays a       |
| Public      | dividend to  |    |     |     |     | dividend to  |
| Company     | INTOUCH who  |    |     |     |     | INTOUCH in   |
| Limited     | is the major |    |     |     |     | proportion   |
| (INTOUCH) / | shareholder. |    |     |     |     | of           |
|             |              |    |     |     |     | shareholding |
| INTOUCH is  |              |    |     |     |     | percentage.  |
| a major     |              |    |     |     |     | The propose  |
| s           |              |    |     |     |     | of dividend  |
| hareholder, |              |    |     |     |     | by the Board |
| holds       |              |    |     |     |     | of Directors |
| 40.45%, and |              |    |     |     |     | must be      |
| Mr.         |              |    |     |     |     | approved at  |
| Somprasong  |              |    |     |     |     | the Annual   |
| Boonyachai  |              |    |     |     |     | General      |
| is a joint  |              |    |     |     |     | Meeting of   |
| director.   |              |    |     |     |     | S            |
|             |              |    |     |     |     | hareholders. |
|             |              |    |     |     |     |              |
|             |              |    |     |     |     | * INTOUCH    |
|             |              |    |     |     |     | hold         |
|             |              |    |     |     |     | long-term    |
|             |              |    |     |     |     | debenture    |
|             |              |    |     |     |     | through      |
|             |              |    |     |     |     | private      |
|             |              |    |     |     |     | funds,       |
|             |              |    |     |     |     | managed by   |
|             |              |    |     |     |     | independent  |
|             |              |    |     |     |     | fund         |
|             |              |    |     |     |     | manager.     |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 1. Service   | 0. | 0   | 0   | 0   |              |
|             | income       | 74 | .74 | .17 | .18 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 2. Other     | 0. | 0   | 0   | 0   |              |
|             | income       | 39 | .59 | .29 | .51 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 3. Interest  | 0. | 0   | 0   | 0   |              |
|             | expense      | 24 | .24 | .33 | .33 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 4. Dividend  | 1  | 12, | 10, | 10, |              |
|             | paid         | 2, | 219 | 223 | 223 |              |
|             |              | 21 | .55 | .43 | .43 |              |
|             |              | 9. |     |     |     |              |
|             |              | 55 |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 5.           | 1. | 1   | 7   | 7   |              |
|             | Debenture*   | 70 | .70 | .30 | .30 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 6. Trade     | 0. | 0   | 0   | 0   |              |
|             | account      | 35 | .35 | .24 | .41 |              |
|             | receivable   |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
| 2. Thaicom  | The Company  |    |     |     |     | THAICOM is   |
| Public      | leases       |    |     |     |     | the only     |
| Company     | satellite    |    |     |     |     | satellite    |
| Limited     | transponder  |    |     |     |     | operator in  |
| (THAICOM)/  | on the Thai  |    |     |     |     | Thailand.    |
|             | Com 1A from  |    |     |     |     | The Company  |
| INTOUCH is  | THAICOM and  |    |     |     |     | is charged   |
| a major     | contract     |    |     |     |     | at the same  |
| s           | will         |    |     |     |     | rate as with |
| hareholder, | effective    |    |     |     |     | external     |
| holds       | until 21     |    |     |     |     | customers.   |
| 41.14%, and | June 2015.   |    |     |     |     |              |
| Mr.         | The Company  |    |     |     |     |              |
| Somprasong  | must pay     |    |     |     |     |              |
| Boonyachai  | annual       |    |     |     |     |              |
| is a joint  | compensation |    |     |     |     |              |
| director.   | at the rate  |    |     |     |     |              |
|             | of US$       |    |     |     |     |              |
|             | 1,700,000    |    |     |     |     |              |
|             | per year.    |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 1. Service   | 2. | 2   | 2   | 2   |              |
|             | income       | 62 | .99 | .33 | .75 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 2. Other     | 0. | 0   | -   | 0   |              |
|             | income       | 09 | .73 |     | .20 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 3. Rental    | 5  | 51  | 51  | 51  |              |
|             | and other    | 1. | .58 | .12 | .12 |              |
|             | service      | 58 |     |     |     |              |
|             | expenses     |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 4. Accrued   | 4. | 4   | 4   | 4   |              |
|             | expenses     | 28 | .28 | .39 | .39 |              |
|             | from related |    |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 5. Trade     | 0. | 1   | 0   | 0   |              |
|             | account      | 96 | .18 | .18 | .22 |              |
|             | receivable   |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 6. Accrued   | -  | 0   | -   | 0   |              |
|             | income from  |    | .02 |     | .03 |              |
|             | related      |    |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
| 3. Matchbox | The Company  |    |     |     |     | MB is a      |
| Company     | and its      |    |     |     |     | creative     |
| Limited     | subsidiaries |    |     |     |     | advertising  |
| (MB)/       | hire MB as   |    |     |     |     | agency with  |
|             | an agency to |    |     |     |     | good         |
| INTOUCH is  | provide      |    |     |     |     | u            |
| a major     | publicity    |    |     |     |     | nderstanding |
| s           | for the      |    |     |     |     | of the       |
| hareholder, | Companies’   |    |     |     |     | Company’s    |
| holds       | services to  |    |     |     |     | products and |
| 99.96%, and | customers    |    |     |     |     | helps        |
| joint       | through      |    |     |     |     | maintain     |
| directors   | various      |    |     |     |     | information  |
|             | media on a   |    |     |     |     | as strictly  |
| 1. Mr.      | job-by-job   |    |     |     |     | c            |
| Somprasong  | basis.       |    |     |     |     | onfidential. |
| Boonyachai  |              |    |     |     |     |              |
|             |              |    |     |     |     | Advertising  |
| 2.          |              |    |     |     |     | fees charged |
| Mr.Vikrom   |              |    |     |     |     | by MB are    |
| Sripratak   |              |    |     |     |     | benchmarking |
|             |              |    |     |     |     | with third   |
|             |              |    |     |     |     | parties.     |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 1. Service   | 0. | 0   | 0   | 0   |              |
|             | income       | 01 | .01 | .09 | .09 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 2. Other     | -  | 0   | -   | -   |              |
|             | income       |    | .02 |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 3.           |    |     |     |     |              |
|             | Advertising  |    |     |     |     |              |
|             | expenses and |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | other        | 87 | 982 | 1,  | 1,  |              |
|             | service      | 5. | .95 | 089 | 199 |              |
|             | expense      | 82 |     | .04 | .42 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 4. Amount    | 6  | 60  | 59  | 65  |              |
|             | due to       | 0. | .55 | .17 | .11 |              |
|             | related      | 40 |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 5. Accrued   |    |     |     |     |              |
|             | expenses     |    |     |     |     |              |
|             | from related |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | parties      | 11 | 124 | 299 | 322 |              |
|             |              | 8. | .36 | .85 | .02 |              |
|             |              | 20 |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 6. Trade     | -  | -   | -   | 0   |              |
|             | account      |    |     |     | .02 |              |
|             | receivable   |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
| 4. Teleinfo | The Company  |    |     |     |     | TMC has a    |
| Media       | and its      |    |     |     |     | sp           |
| Company     | subsidiaries |    |     |     |     | ecialization |
| Limited     | hires TMC to |    |     |     |     | in providing |
| (TMC)/      | furnish      |    |     |     |     | information  |
|             | information  |    |     |     |     | for mobile   |
| INTOUCH is  | for mobile   |    |     |     |     | phone value  |
| an indirect | phone value  |    |     |     |     | added        |
| major       | added        |    |     |     |     | service.     |
| s           | service such |    |     |     |     |              |
| hareholder. | as           |    |     |     |     | The Company  |
|             | astrology,   |    |     |     |     | pay the      |
|             | lotto, and   |    |     |     |     | service      |
|             | comic story. |    |     |     |     | charge by    |
|             | The Company  |    |     |     |     | the          |
|             | pays actual  |    |     |     |     | percentage   |
|             | services fee |    |     |     |     | based on     |
|             | on monthly   |    |     |     |     | revenue from |
|             | basis.       |    |     |     |     | customers    |
|             |              |    |     |     |     | depending on |
|             |              |    |     |     |     | the type of  |
|             |              |    |     |     |     | service.     |
|             |              |    |     |     |     | Rate is      |
|             |              |    |     |     |     | charged at   |
|             |              |    |     |     |     | the same     |
|             |              |    |     |     |     | rate as with |
|             |              |    |     |     |     | other        |
|             |              |    |     |     |     | content      |
|             |              |    |     |     |     | providers,   |
|             |              |    |     |     |     | currently at |
|             |              |    |     |     |     | not          |
|             |              |    |     |     |     | exceeding    |
|             |              |    |     |     |     | 50%.         |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 1. Service   | 1. | 1   | 2   | 2   |              |
|             | income       | 99 | .99 | .08 | .08 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 2. Other     | 0. | 0   | 0   | 0   |              |
|             | income       | 10 | .87 | .02 | .03 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 3. Other     | 1  | 45  | 21  | 55  |              |
|             | service      | 6. | .50 | .72 | .97 |              |
|             | expenses     | 87 |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 4. Trade     | 3. | 5   | 1   | 3   |              |
|             | account      | 55 | .80 | .27 | .79 |              |
|             | payable      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 5. Accrued   | -  | 6   | -   | 1   |              |
|             | expenses     |    | .94 |     | .98 |              |
|             | from related |    |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 6. Trade     | 0. | 0   | 0   | 0   |              |
|             | account      | 48 | .98 | .59 | .61 |              |
|             | receivable   |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
| 5. I.T.     | The Company  |    |     |     |     | ITAS         |
| A           | and its      |    |     |     |     | provides     |
| pplications | subsidiaries |    |     |     |     | computer     |
| and         | hire ITAS    |    |     |     |     | program      |
| Services    | for solution |    |     |     |     | improvement  |
| Company     | and          |    |     |     |     | and          |
| Limited     | application  |    |     |     |     | development  |
| (ITAS) /    | development  |    |     |     |     | only for the |
|             | including    |    |     |     |     | Company and  |
| INTOUCH is  | SAP system   |    |     |     |     | s            |
| a major     | services.    |    |     |     |     | ubsidiaries. |
| sh          |              |    |     |     |     |              |
| areholders, |              |    |     |     |     | ITAS charges |
| holds 100%  |              |    |     |     |     | the Company  |
| and         |              |    |     |     |     | at           |
|             |              |    |     |     |     | comparable   |
| Mr.         |              |    |     |     |     | rate to      |
| Somprasong  |              |    |     |     |     | other        |
| Boonyachai  |              |    |     |     |     | consultant   |
| is a joint  |              |    |     |     |     | companies.   |
| director.   |              |    |     |     |     | The service  |
|             |              |    |     |     |     | charge       |
|             |              |    |     |     |     | depends on   |
|             |              |    |     |     |     | the type of  |
|             |              |    |     |     |     | work and the |
|             |              |    |     |     |     | level of     |
|             |              |    |     |     |     | consultant.  |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 1. Service   | 0. | 0   | 0   | 0   |              |
|             | income       | 01 | .01 | .01 | .01 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 2. Other     | 2. | 2   | -   | -   |              |
|             | income       | 80 | .80 |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 3. Other     | -  | 59  | 43  | 64  |              |
|             | service      |    | .15 | .10 | .64 |              |
|             | expenses and |    |     |     |     |              |
|             |              |    |     |     |     |              |
|             | advertising  |    |     |     |     |              |
|             | expenses     |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 4. Trade     | 0. | 37  | 0   | 1   |              |
|             | account      | 02 | .37 | .41 | .25 |              |
|             | payable      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 5. Accrued   | -  | 7   | 3   | 6   |              |
|             | expenses     |    | .12 | .72 | .27 |              |
|             | from related |    |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 6. Trade     | 0. | 0   | -   | -   |              |
|             | account      | 03 | .03 |     |     |              |
|             | receivable   |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
| 6. Group of | The Company  |    |     |     |     | The          |
| SingTel     | and its      |    |     |     |     | I            |
| Strategic   | subsidiaries |    |     |     |     | nternational |
| Investments | enter into   |    |     |     |     | Roaming with |
| Private     | an agreement |    |     |     |     | SingTel is   |
| Limited     | with         |    |     |     |     | under the    |
| (SingTel) / | companies of |    |     |     |     | ordinary     |
|             | SingTel      |    |     |     |     | course of    |
| SingTel is  | group for    |    |     |     |     | business     |
| a major     | the joint    |    |     |     |     | since the    |
| shareholder | i            |    |     |     |     | Company      |
| of the      | nternational |    |     |     |     | provides     |
| Company,    | Roaming      |    |     |     |     | i            |
| holds       | operation.   |    |     |     |     | nternational |
| 23.32%.     | The Company  |    |     |     |     | mobile       |
|             | pays the     |    |     |     |     | service to   |
|             | salary and   |    |     |     |     | foreign      |
|             | remuneration |    |     |     |     | operators.   |
|             | to Singapore |    |     |     |     |              |
|             | Telecom      |    |     |     |     | Both parties |
|             | I            |    |     |     |     | charge each  |
|             | nternational |    |     |     |     | other at the |
|             | Pte Ltd.     |    |     |     |     | accepted     |
|             | (STI) for    |    |     |     |     | price by     |
|             | sending its  |    |     |     |     | deduct       |
|             | operational  |    |     |     |     | profit from  |
|             | staff. The   |    |     |     |     | their        |
|             | expense is   |    |     |     |     | customers.   |
|             | charged on   |    |     |     |     | STI has an   |
|             | an actual    |    |     |     |     | agreement    |
|             | basis. The   |    |     |     |     | with the     |
|             | Company also |    |     |     |     | Company that |
|             | pays SingTel |    |     |     |     | STI needs to |
|             | group a      |    |     |     |     | provide      |
|             | dividend in  |    |     |     |     | operational  |
|             | proportion   |    |     |     |     | staff to     |
|             | of its       |    |     |     |     | help the     |
|             | shareholding |    |     |     |     | Company for  |
|             | percentage.  |    |     |     |     | management   |
|             |              |    |     |     |     | and any      |
|             |              |    |     |     |     | technique.   |
|             |              |    |     |     |     |              |
|             |              |    |     |     |     | The Company  |
|             |              |    |     |     |     | pays the     |
|             |              |    |     |     |     | service fee  |
|             |              |    |     |     |     | to STI by    |
|             |              |    |     |     |     | the actual   |
|             |              |    |     |     |     | basis        |
|             |              |    |     |     |     | according to |
|             |              |    |     |     |     | agreement.   |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 1. Service   | 47 | 495 | 535 | 560 |              |
|             | income       | 2. | .58 | .88 | .87 |              |
|             |              | 42 |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 2. Other     | 0. | 0   | -   | -   |              |
|             | income       | 21 | .21 |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 3. Service   | 38 | 454 | 308 | 356 |              |
|             | expense      | 3. | .56 | .63 | .05 |              |
|             |              | 89 |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 4. Salary    | 6  | 69  | 29  | 29  |              |
|             | and other    | 9. | .35 | .66 | .66 |              |
|             | remuneration | 35 |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 5. Dividend  | 7, | 7,  | 5,  | 5,  |              |
|             | paid         | 04 | 044 | 113 | 113 |              |
|             |              | 4. | .53 | .20 | .20 |              |
|             |              | 53 |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 6. Trade     | -  | 6   | -   | 3   |              |
|             | account      |    | .36 |     | .24 |              |
|             | payable      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 7. Amount    | 1  | 12  | 7   | 7   |              |
|             | due to       | 2. | .12 | .85 | .85 |              |
|             | related      | 12 |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 8. Accrued   | 2  | 29  | 23  | 27  |              |
|             | expenses     | 3. | .29 | .62 | .28 |              |
|             | from related | 62 |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 9. Trade     | 5  | 56  | 38  | 40  |              |
|             | account      | 2. | .03 | .65 | .01 |              |
|             | receivable   | 72 |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 10. Amount   | 0. | 0   | -   | -   |              |
|             | due from     | 04 | .04 |     |     |              |
|             | related      |    |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 11. Accrued  | 1  | 15  | 15  | 16  |              |
|             | income from  | 2. | .00 | .08 | .40 |              |
|             | related      | 52 |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
| 7. CS       | CSL provides |    |     |     |     | CSL provides |
| Loxinfo     | the internet |    |     |     |     | internet     |
| Public      | service to   |    |     |     |     | service and  |
| Company     | the Company  |    |     |     |     | charge the   |
| Limited     | and          |    |     |     |     | Company at   |
| (CSL) /     | subsidiaries |    |     |     |     | the same     |
|             | and ADC      |    |     |     |     | rate as with |
| INTOUCH is  | provides     |    |     |     |     | external     |
| an indirect | datanet      |    |     |     |     | customers.   |
| major       | service to   |    |     |     |     |              |
| s           | CSL.         |    |     |     |     |              |
| hareholder. |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 1. Service   | 1. | 55  | 1   | 73  |              |
|             | income       | 42 | .11 | .27 | .57 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 2.Other      | 0. | 5   | 0   | 4   |              |
|             | income       | 01 | .39 | .03 | .64 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 3. Rental    | 3. | 4   | 4   | 9   |              |
|             | and other    | 88 | .17 | .67 | .14 |              |
|             | service      |    |     |     |     |              |
|             | expenses     |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 4. Trade     | 0. | 0   | 0   | 0   |              |
|             | account      | 39 | .44 | .13 | .18 |              |
|             | payable      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 5. Amount    | 0. | 0   | 0   | 0   |              |
|             | due to       | 01 | .03 | .32 | .33 |              |
|             | related      |    |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 6. Trade     | 0. | 5   | 0   | 7   |              |
|             | account      | 09 | .96 | .10 | .09 |              |
|             | receivable   |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 7. Amount    | -  | -   | -   | 0   |              |
|             | due from     |    |     |     | .07 |              |
|             | related      |    |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 8. Accrued   |    |     |     |     |              |
|             | income from  |    |     |     |     |              |
|             | related      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | parties      | -  | 1   | -   | 0   |              |
|             |              |    | .40 |     | .72 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
| 8. AD       | The Company  |    |     |     |     | ADV has a    |
| Venture     | and its      |    |     |     |     | sp           |
| Public      | subsidiary   |    |     |     |     | ecialization |
| Company     | hire ADV for |    |     |     |     | in designing |
| Limited     | their        |    |     |     |     | and creating |
| (ADV) /     | content      |    |     |     |     | website with |
|             | service      |    |     |     |     | variety      |
| INTOUCH is  | providing    |    |     |     |     | contents     |
| an indirect | for the      |    |     |     |     | which suit   |
| major       | Company and  |    |     |     |     | to the       |
| s           | its          |    |     |     |     | Company and  |
| hareholder. | subsidiary’s |    |     |     |     | its          |
|             | customers.   |    |     |     |     | subsidiary’s |
|             |              |    |     |     |     | need.        |
|             |              |    |     |     |     |              |
|             |              |    |     |     |     | The Company  |
|             |              |    |     |     |     | and its      |
|             |              |    |     |     |     | subsidiary   |
|             |              |    |     |     |     | pay the      |
|             |              |    |     |     |     | service      |
|             |              |    |     |     |     | charge by    |
|             |              |    |     |     |     | the          |
|             |              |    |     |     |     | percentage   |
|             |              |    |     |     |     | based on     |
|             |              |    |     |     |     | revenue from |
|             |              |    |     |     |     | customers    |
|             |              |    |     |     |     | which depend |
|             |              |    |     |     |     | on the type  |
|             |              |    |     |     |     | of service.  |
|             |              |    |     |     |     | Rate charge  |
|             |              |    |     |     |     | to the       |
|             |              |    |     |     |     | Company and  |
|             |              |    |     |     |     | its          |
|             |              |    |     |     |     | subsidiary   |
|             |              |    |     |     |     | are not      |
|             |              |    |     |     |     | exceed 50%   |
|             |              |    |     |     |     | and are      |
|             |              |    |     |     |     | comparable   |
|             |              |    |     |     |     | with other   |
|             |              |    |     |     |     | content      |
|             |              |    |     |     |     | providers.   |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 1. Service   | 1  | 12  | 12  | 12  |              |
|             | income       | 2. | .66 | .60 | .60 |              |
|             |              | 66 |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 2. Other     | -  | 0   | 0   | 1   |              |
|             | service fee  |    | .40 | .03 | .57 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 3. Service   | 0. | 496 | 0   | 406 |              |
|             | expenses     | 10 | .13 | .14 | .48 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 4. Trade     | -  | 41  | 0   | 35  |              |
|             | account      |    | .73 | .03 | .88 |              |
|             | payable      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 5. Accrued   | -  | 40  | -   | 33  |              |
|             | expenses     |    | .84 |     | .31 |              |
|             | from related |    |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 6. Trade     | 1. | 1   | 1   | 1   |              |
|             | account      | 29 | .37 | .01 | .18 |              |
|             | receivable   |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 7. Accrued   | -  | 0   | -   | 0   |              |
|             | income from  |    | .02 |     | .14 |              |
|             | related      |    |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
| 9. DTV      | The Company  | 0. | 0   | 0   | 0   | DTV has a    |
| Service     | and its      | 33 | .33 | .24 | .24 | sp           |
| Company     | subsidiary   |    |     | 0   | 0   | ecialization |
| Limited     | hire DTV to  | -  | -   | .04 | .04 | in an        |
| (DTV)/      | create       |    |     | 0   | 1   | internet     |
|             | website.     | 0. | 0   | .02 | .96 | service and  |
| INTOUCH is  |              | 01 | .75 | -   | 0   | charge the   |
| an indirect | 1. Service   |    |     | 0   | .24 | Company at   |
| major       | income       | -  | -   | .02 | 0   | the          |
| s           |              |    |     |     | .02 | comparable   |
| hareholder. | 2. Other     | 0. | 0   |     |     | rate as with |
|             | income       | 01 | .01 |     |     | other        |
|             | 3. Service   |    |     |     |     | content      |
|             | expense      |    |     |     |     | providers.   |
|             | 4. Trade     |    |     |     |     |              |
|             | account      |    |     |     |     |              |
|             | payable      |    |     |     |     |              |
|             | 5. Trade     |    |     |     |     |              |
|             | account      |    |     |     |     |              |
|             | receivable   |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
| 10. Lao     | The Company  | 0. | 8   | 0   | 7   | LTC, the     |
| Telecom     | and its      | 79 | .48 | .57 | .92 | teleco       |
| munications | subsidiaries |    |     | 6   | 14  | mmunications |
| Company     | have         | 2. | 6   | .14 | .87 | service      |
| Limited     | cooperated   | 50 | .64 | 1   | 2   | provider in  |
| (LTC)/      | with LTC to  |    |     | .61 | .07 | Laos,        |
|             | provide      | -  | 2   |     |     | provides     |
| INTOUCH is  | i            |    | .25 | 0   | 1   | fixed line,  |
| an indirect | nternational | 0. |     | .46 | .20 | mobile,      |
| major       | roaming.     | 36 | 0   | -   | 0   | internet and |
| s           |              |    | .80 |     | .67 | broadband    |
| hareholder. | 1. Service   | 0. |     | -   |     | and          |
|             | income       | 31 | 5   |     | 0   | i            |
|             |              |    | .16 |     | .66 | nternational |
|             | 2. Service   | -  |     |     |     | roaming      |
|             | expense      |    | 0   |     |     | services.    |
|             | 3. Trade     |    | .69 |     |     |              |
|             | account      |    |     |     |     | Roaming      |
|             | payable      |    |     |     |     | price        |
|             | 4. Accrued   |    |     |     |     | between the  |
|             | expenses     |    |     |     |     | Company and  |
|             | from related |    |     |     |     | LTC is based |
|             | parties      |    |     |     |     | on market    |
|             | 5. Trade     |    |     |     |     | rate.        |
|             | account      |    |     |     |     |              |
|             | receivable   |    |     |     |     |              |
|             |              |    |     |     |     |              |
|             | 6. Accrued   |    |     |     |     |              |
|             | income from  |    |     |     |     |              |
|             | related      |    |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
| 11. Mfone   | The Company  |    |     |     |     | Mfone got    |
| Company     | and its      |    |     |     |     | license from |
| Limited     | subsidiaries |    |     |     |     | The Royal    |
| (Mfone)/    | have         |    |     |     |     | Government   |
|             | cooperated   |    |     |     |     | of Cambodia, |
| INTOUCH is  | with Mfone   |    |     |     |     | provides     |
| an indirect | to provide   |    |     |     |     | fixed line,  |
| major       | i            |    |     |     |     | mobile and   |
| s           | nternational |    |     |     |     | i            |
| hareholder. | roaming.     |    |     |     |     | nternational |
|             |              |    |     |     |     | roaming      |
|             |              |    |     |     |     | services.    |
|             |              |    |     |     |     |              |
|             |              |    |     |     |     | Roaming      |
|             |              |    |     |     |     | price        |
|             |              |    |     |     |     | between the  |
|             |              |    |     |     |     | Company and  |
|             |              |    |     |     |     | Mfone is     |
|             |              |    |     |     |     | based on     |
|             |              |    |     |     |     | market rate. |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 1. Service   | 0. | 2   | 0   | 0   |              |
|             | income       | 78 | .27 | .29 | .37 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 2. Service   | 8. | 9   | 13  | 13  |              |
|             | expense      | 52 | .79 | .14 | .80 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 3. Trade     | 1  | 10  | 3   | 3   |              |
|             | account      | 0. | .19 | .78 | .78 |              |
|             | payable      | 19 |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 4. Accrued   | 0. | 0   | 2   | 2   |              |
|             | expenses     | 26 | .84 | .47 | .91 |              |
|             | from related |    |     |     |     |              |
|             | parties      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 5. Trade     | -  | 1   | -   | 0   |              |
|             | account      |    | .08 |     | .08 |              |
|             | receivable   |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
| 12. ITV     | ITV hold     |    |     |     |     | The Company  |
| Public      | long-term    |    |     |     |     | paid the     |
| Company     | debenture    |    |     |     |     | interest     |
| Limited     | through      |    |     |     |     | expense of   |
| (ITV) /     | private      |    |     |     |     | the          |
|             | funds,       |    |     |     |     | debenture to |
| INTOUCH is  | managed by   |    |     |     |     | ITV.         |
| a major     | independent  |    |     |     |     |              |
| s           | fund         |    |     |     |     | Pricing,     |
| hareholder, | manager.     |    |     |     |     | condition    |
| holds       |              |    |     |     |     | and return   |
| 52.92%.     |              |    |     |     |     | of this      |
|             |              |    |     |     |     | debenture    |
| *ITV ceased |              |    |     |     |     | are as per   |
| its         |              |    |     |     |     | approved by  |
| operation   |              |    |     |     |     | the SEC and  |
| since 7     |              |    |     |     |     | are the same |
| March 2550. |              |    |     |     |     | as offered   |
|             |              |    |     |     |     | to other     |
|             |              |    |     |     |     | investors.   |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 1. Debenture | -  | -   | 46  | 46  |              |
|             |              |    |     | .00 | .00 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 2. Interest  | 1. | 1   | 3   | 3   |              |
|             | expense      | 14 | .14 | .26 | .26 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+

+-------------+--------------+----+-----+-----+-----+--------------+
| Related     | Detail of    | 31 |     | 31  |     | Rational and |
| parti       | transactions | De |     | De  |     | necessity    |
| es/Relation |              | ce |     | cem |     |              |
| to the      |              | mb |     | ber |     |              |
| Company     |              | er |     | 2   |     |              |
|             |              | 20 |     | 011 |     |              |
|             |              | 12 |     |     |     |              |
|             |              |    |     | (M  |     |              |
|             |              | (M |     | ill |     |              |
|             |              | il |     | ion |     |              |
|             |              | li |     | Ba  |     |              |
|             |              | on |     | ht) |     |              |
|             |              | B  |     |     |     |              |
|             |              | ah |     |     |     |              |
|             |              | t) |     |     |     |              |
+=============+==============+====+=====+=====+=====+==============+
|             |              | C  | Con | C   | Con |              |
|             |              | om | sol | omp | sol |              |
|             |              | pa | ida | any | ida |              |
|             |              | ny | ted |     | ted |              |
+-------------+--------------+----+-----+-----+-----+--------------+
| 13. Watta   | The Company  |    |     |     |     | WTC is a     |
| Classifieds | and its      |    |     |     |     | leading      |
| Co., Ltd.   | subsidiaries |    |     |     |     | media        |
| (WTC)/      | hire WTC to  |    |     |     |     | publisher in |
|             | do           |    |     |     |     | Thailand,    |
| INTOUCH is  | recruitment  |    |     |     |     | covering     |
| an indirect | advertising  |    |     |     |     | wide ranges  |
| major       | through      |    |     |     |     | of target    |
| s           | various      |    |     |     |     | readers such |
| hareholder. | channels     |    |     |     |     | as job       |
|             | such as      |    |     |     |     | seekers,     |
|             | newspapers,  |    |     |     |     | education    |
|             | magazines    |    |     |     |     | and          |
|             | internet and |    |     |     |     | scholarship  |
|             | booth        |    |     |     |     | information, |
|             | activity.    |    |     |     |     | real estate, |
|             |              |    |     |     |     | and car.     |
|             |              |    |     |     |     |              |
|             |              |    |     |     |     | Advertising  |
|             |              |    |     |     |     | fee between  |
|             |              |    |     |     |     | the Company  |
|             |              |    |     |     |     | and WTC is   |
|             |              |    |     |     |     | based on     |
|             |              |    |     |     |     | market rate. |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 1. Service   | 0. | 0   | 0   | 0   |              |
|             | income       | 26 | .26 | .21 | .21 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 2. Service   | 0. | 0   | 0   | 0   |              |
|             | expense      | 08 | .08 | .16 | .16 |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 3. Trade     | 0. | 0   | -   | -   |              |
|             | account      | 04 | .04 |     |     |              |
|             | payable      |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             | 4. Trade     | 0. | 0   | 0   | 0   |              |
|             | account      | 02 | .02 | .02 | .02 |              |
|             | receivable   |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+
|             |              |    |     |     |     |              |
+-------------+--------------+----+-----+-----+-----+--------------+