Update on flood impact to SPALI as of 21Nov11

Back 21 November 2011

Dear valued investors,

Supalai Public Company Limited would like to inform you the latest information on the current ongoing flood impact to the company as followed:

  1. Water levels in many flooded projects have declined over the past few days, especially areas to the north of Bangkok metropolis.
  2. Currently there are three active low-rise projects which still have water levels entering the houses, while six additional projects have low water levels in the projects (on the roads).
  3. No condominium project or project in provincial market is being troubled by the flood.
  4. Works on recovering flood-hit projects to normal states have begun and will roll over to other projects once water levels in those respective projects have declined to certain levels.
  5. Over the past 1-2 months, the company has been delivering food, water, other aids and necessities to active and sold-out projects on daily basis to assist customers, employees and workforces during this difficult period. This will continue to be our commitment until this flood crisis is over.

Thank you for your continuous interest in SPALI.


Best Regards,

SPALI Investor Relations Department