TrueSuccess - True Corporation Public Company Limited

56 ANNUAL REPORT 2004 TRUE CORPORATION PUBLIC COMPANY LIMITEDExercise PeriodExercise Ratio: Each Warrant Holder received 3 separate warrant certificates.Each certificate represented 1/3 of the whole amount ofwarrants allotted and shall be exercisable for subscribingordinary shares as follow:The 1 st Certificate: Warrant Holders shall be starting exercisingfrom 17 th June 2004 until its expiration.The 2 nd Certificate: Warrant Holders shall be starting exercisingfrom 17 th June 2005 until its expiration.The 3 rd Certificate: Warrant Holders shall be starting exercisingfrom 17 th June 2006 until its expiration.: One unit of warrants entitles to purchase one ordinaryshare at Baht 5.20(3.3) Employee Stock Option Plan 2002The Annual General Shareholders Meeting of the Company for the year 2002 held on April 12, 2002 has approved theissuance and the offer of non-transferable warrants to purchase the Companyûs ordinary shares to certain Directors andemployees at executive level totaling not exceeding 35 persons. Summary details are as follows:Number of Warrants Issued and Outstanding: 37,131,597 unitsDate of Issuance : 14 th June 2002Maturity: 5 years from the issuance dateDate of Expiry : 13 th June 2007Exercise Period: Each Warrant Holder received 3 separate warrant certificates.Each certificate represented 1/3 of the whole amount of warrantsallotted and shall be exercisable for subscribing ordinaryshares as follow: