BTS Group – Following the recent shareholders meeting during which BTS Group Holdings Public Company Limited (the Company) approved the issuance and allocation of up to 20,446.4 million new shares to current shareholders via a Rights Offering (RO). Mr. Keeree Kanjanapas, Chairman of the Company, revealed on June 1, 2010 that:

“The subscription period of the Rights Offering (RO) already began on May 31, 2010 and will conclude on Monday June 7, 2010. The Company has already sent the relevant documents to the shareholders. The documents can also be downloaded from the Company’s website at www.btsgroup.co.th or please contact Phatra Securities Public Company Limited on business days from 8.30 a.m. to 4.30 p.m.”

The Company approved the issuance of shares to existing shareholders (Rights Offering) at a ratio of 4 new shares for every 7 existing shares at the price of 0.63 baht per share and further allows interested shareholders to subscribe new shares beyond their rights. In case of any unsubscribed shares after the RO, the remainder will be offered via a “private placement” (PP).

In addition, to provide an incentive for the RO and/or PP subscription, the Company will issue warrants at a ratio of 1 warrant for every 4 new shares subscribed. These warrants are offered at no charge and have a maturity of 3 years, exercisable from the second anniversary of issuance at 0.70 baht per share. The Company expects to issue the said warrants within October 2010.

In the event the Company issues 20,446.4 million new shares, it will receive total proceeds of approximately 12,881.3 million baht which will be used to repay outstanding bank loans.

Furthermore, on June 1, 2010, the Company and Bangkok Mass Transit System Public Company Limited (BTSC) submitted their Annual Financial Statements for the year ending March 31, 2010 to the Stock Exchange of Thailand. BTSC total revenue (excluding extraordinary revenue, gain from the sale of its investment in subsidiary and the income from subsidy of defective works) grew by more than 11% to 4,913.8 million in fiscal year 2010 from 4,411.9 million baht in the fiscal year 2009. The Company’s increasing revenue resulted primarily from increasing BTS Skytrain passengers following the inauguration of the Silom Line extension to Thonburi as well as the increased contribution from the company’s media and advertising business of VGI Global Media Company Limited.