8. Capital Structure

1.  Securities issued by the Company

-   Debt Securities: None

-   Equity Securities:

  Authorized Shares: 300 million ordinary shares with the par value of
  Baht 10 per share.

  Shares repurchased and

  Held in treasury: 12.5 million ordinary shares

  Issued and

  Outstanding Shares: 237.5 million ordinary shares

-   Derivatives: None

  8.2 Shareholders of the Company

The top 10 major shareholders are the following:

+-------------------------------------------------------+---------+----+
| Shareholders                                          | Number  | S  |
|                                                       | of      | ta |
|                                                       | Shares  | ke |
|                                                       | Held    | (  |
|                                                       |         | %) |
+-------------------------------------------------------+---------+----+
| 1)  The Ratanaraks and Sunrise Equity Company Limited | 80,     | 3  |
|                                                       | 065,840 | 2. |
|                                                       |         | 03 |
+-------------------------------------------------------+---------+----+
| 2)  Thai Roc-Cem Company Limited                      | 77,     | 3  |
|                                                       | 628,433 | 1. |
|                                                       |         | 05 |
+-------------------------------------------------------+---------+----+
| 3)  DBS Vickers Securities (Singapore) PTE Limited    | 8,      | 3. |
|                                                       | 340,600 | 33 |
+-------------------------------------------------------+---------+----+
| 4)  Parkmix Limited-JPMSAPL Client A/C                | 7,      | 2. |
|                                                       | 051,100 | 82 |
+-------------------------------------------------------+---------+----+
| 5)  Littledown Nominees Limited                       | 5,      | 2. |
|                                                       | 353,100 | 14 |
+-------------------------------------------------------+---------+----+
| 6)  HSBC (Singapore) Nominees PTE Limited             | 4,      | 1. |
|                                                       | 104,448 | 64 |
+-------------------------------------------------------+---------+----+
| 7)  Ayudhya Insurance Public Company Limited          | 4,      | 1. |
|                                                       | 068,800 | 63 |
+-------------------------------------------------------+---------+----+
| 8)  Littledown Nominees Limited 9                     | 3,      | 1. |
|                                                       | 913,024 | 57 |
+-------------------------------------------------------+---------+----+
| 9)  Vayupak Mutual fund I by MFC Asset Management     | 2,      | 0. |
|     Public Company Limited                            | 254,000 | 90 |
+-------------------------------------------------------+---------+----+
| 10) Vayupak Mutual fund I by Krungthai Asset          | 2,      | 0. |
|     Management Public Company Limited                 | 254,000 | 90 |
+-------------------------------------------------------+---------+----+

Remark: 1) According to the SEC’s regulation, the shareholder list was
rearranged by treating the shareholders who are de facto deemed to be in
the same group as one shareholder and the ranking is conducted
accordingly. Such rearrangement was made on the basis of the information
appearing on the list of shareholders of the Company as of 16^(th)
September 2005;

2)  The shareholders deemed belonging to the Ratanaraks andSunrise
      Equity Company Limitedare as follows:

+-------------------------------------+--------------------+----------+
| Shareholder                         | No. of Shares held | % Stake  |
+-------------------------------------+--------------------+----------+
| 1.  Mrs. Sasithorn Ratanarak        | 2,085,040          | 0.83     |
+-------------------------------------+--------------------+----------+
| 2.  Miss Pilarnuj Ratanarak         | 1,439,742          | 0.57     |
+-------------------------------------+--------------------+----------+
| 3.  Mr. Chatchon Ratanarak          | 941,700            | 0.37     |
+-------------------------------------+--------------------+----------+
| 4.  Miss Suthida Ratanarak          | 882,027            | 0.35     |
+-------------------------------------+--------------------+----------+
| 5.  Miss Chituma Ratanarak          | 637,050            | 0.25     |
+-------------------------------------+--------------------+----------+
| 6.  Miss Tatchamas Ratanarak        | 310,389            | 0.12     |
+-------------------------------------+--------------------+----------+
| 7.  Mr. ChuanRatanarak              | 116,428            | 0.04     |
+-------------------------------------+--------------------+----------+
| 8.  Mr. Krit Ratanarak              | 5,860              | 0.002    |
+-------------------------------------+--------------------+----------+
| 9.  Sunrise Equity Company Limited  | 80,065,840         | 32.03    |
+-------------------------------------+--------------------+----------+

  The major shareholder of Sunrise Equity Company Limited is the
  Ratanaraks.

3)  Major shareholder of Thai Roc-Cem Company Limited is Holcim
      Participations (Thailand) Ltd., which holds about 49% stake.
      Holcim Participations (Thailand) Ltd. is a member of the Holcim
      group of companies.

  8.3 Dividend Payment Policy The payout to the shareholders of the
  Company and its subsidiaries is according to law. The Board of
  Directors’ consider the dividend payout in respect of the operating
  performance and the net income of the entire year.

    In the past three years, the dividends paid out by the Company in
    2002, 2003 and 2004 were Baht 8, 9 and 13, respectively. In 2005, a
    Baht 6.5 per share interim dividend for the 1^(st) half of 2005 was
    paid. A final dividend of Baht 7.5 per share for the second half of
    2005 is to be proposed to the shareholders at the 2006 Annual
    General Meeting for approval. If approved, the dividend payout for
    2005 would be Baht 14 per share.