The consideration of BTS's (formerly known as TYONG) reverse takeover, listed securities granted by the SET and sector reclassifications of the company According to the resolution of the extraordinary general meeting of BTS Group Holdings Public Company Limited (BTS) (formerly known as Tanayong Public Company Limited and TYONG) , held on April 29, 2010, the company's shareholders approved the purchase of Bangkok Mass Transit System Public Company Limited (BTSC) ordinary shares from the BTSC shareholders in 94.60% of BTSC's total issued ordinary shares at the total price Baht 40,035 million. BTS (formerly known as TYONG) made payment by a combination of the newly issued ordinary shares total 28,166,879,984 shares, par value of Baht 1 per share, at the price of Baht 0.688 per share, total value Baht 19,378.81 million and the remaining amount by cash total value Baht 20,655.71 million. The size of the asset acquisition transaction is equal to 817 percent, which is calculated from the value of the net tangible assets, BTS (formerly known as TYONG) has to file a listing application to the SET in order to consider qualifications to be a listed company. BTS (formerly known as TYONG) has already completed all the transactions which are 1) the investment in 94.60% of BTSC's total issued ordinary shares 2) the issue of new shares for the payment as well as the procedure through the listing criteria - BTSC existing shareholders deposited its increased shares at the amount of 15,491,783,992 shares with Thailand Securities Depository Co., Ltd. (Silent Period). In addition, BTS (formerly known as TYONG) has requested the SET to change its sector and industry group, from the "Property Development" sector under the "Property & Construction" industry group to the "Transportation & Logistics" sector under the "Services" industry group. The reason of this reclassification is because the core assets and the future revenue are mainly from the mass transit business. The SET considered that BTS (formerly known as TYONG) still has qualifications to be a listed company and allowed the additional securities of BTS (formerly known as TYONG) to be traded on the SET after finishing capital increase procedures on May 11, 2010 onwards. Name BTS (formerly known as TYONG) Issued and Paid up Capital (par value 1 baht per share) Old 7,614,391,803 Baht New 35,781,271,787 Baht Allocate 1) Siam Capital Developments (Hong Kong) Limited 10,777,738,629 shares. 2) Keen Leader Investments Limited 953,266,355 shares. 3) Mr. Keeree Kanjanapas 750,000,000 shares. 4) Siam Rail Transport and Infrastructure Company Limited 15,685,875,000 shares. Offering Price 0.688 Baht per share per share Swap Period 4 May 2010 Therefore, to better clarify the BTS's (formerly known as TYONG) business sector, the SET will transfer the company to the " Transportation & Logistics" sector under the "Services" industry group according to the company's request, effective from May 11, 2010 Note : Please see the information of the investment in BTSC ordinary shares and the information memorandum of BTS (formerly known as TYONG) disseminated on the SET Market Analysis and Reporting Tool (SETSMART). -2-