SET Announcements

Acquisition and disposition of assets Tor 13/2554 15 August 2011 Subject: Notification of a New Subsidiary To: Secretary General Secrities and Exchange Commission Loxley Public Company Limited ("the Company") would like to report on the resolution made at the Board of Directors Meeting No. 6/2554 held on 15 August 2011. The resolution is to establish a new subsidiary as the following details: New Subsidiary Name: L Force Company Limited Transaction Date: August 2011 Registered Capital: Baht 20 million divided into 200,000 ordinary shares. The par value per share is Baht 100.00 Business Objective: To procure, manufacture, and sell Training systems, Scenario-simulation systems, defense equipment and other technological systems. Structure of Shareholding: Loxley Public Co., Ltd. holds 60% of the registered shares. Mega Force Inter Co., Ltd. holds 40% of the registered shares. List of Directors: 1. Mr. Suebtrakul Soonthornthum 5. Mr. Sakda Sriviriyahphaiboon 2. Mr. Chalermchoke Lamsam 6. Mr. Narong Amornruangpisa 3. Col. Prasert Shusang 7. Mr. Pongpun Wadwieng 4. Mr. Piboon Piboontum Source of Funding: Working capital of the Company Advantages Expected: Profit from the operation Size of the Transaction: Criteria to calculate size of the transaction is the total value of the consideration equal to 0.11% (the Interim Financial Statements for the six- month period ended 30 June 2011). Such transaction is subject to neither the connected transaction nor significant size of the acquisition and disposal of assets pursuant to the notifications of the Capital Market Supervisory Board and the Stock Exchange of Thailand. Please be informed accordingly. Sincerely yours, Loxley Public Company Limited (Mr. Pichai Mooputtarak) Company Secretary ______________________________________________________________________