PROSPECTUS THAI BEVERAGE PUBLIC COMPANY LIMITED ...

Part 2 Issuing Company Thai Beverage Public Company Limited11.3 Accounts ReceivableRelated Parties Description of Business Nature of Relationship with ThaiBev Transaction Value (in millions of Baht) Details of the Transactions1. Pisetkij Co. Buying and selling factoryremnants, such as glassremnants, scrap paper andother wastes2. P.S. Recycle Co. Buying and selling usedmaterials, such as glassbottles, scrap papers andother wastes• A director and major shareholder ofThaiBev (Mr. CharoenSirivadhanabhakdi) indirectly holdsmajor shares in Pisetkij Co.• Some of the directors and/orshareholders of ThaiBev (Mr.Thapana Sirivadhanabhakdi and Mr.Sithichai Chaikriangkrai) are directorsof Pisetkij Co.Year EndedDecember 31, 2007Six-Month PeriodEndedJune 30, 20082.57 3.44 The main transactions areaccounts receivable arisingfrom Thai BeverageRecycle Co. sold factoryremnants, such as glassremnants, scrap paper andother wastes to PisetkijCo. Terms of paymentwere in line with marketpractice.• A brother of a director and majorshareholder of ThaiBev (Mr. CharoenSirivadhanabhakdi) has a control overthe business of P.S. Recycle Co. (23) 3.26 4.32 Accounts receivablearising from ThaiBeverage Recycle Co. soldpaper boxes to P.S.Recycle Co. Terms ofpayment were in line withmarket practice.(23)Not a person who may have a conflict of interest with ThaiBev according to SEC’s definitionPart 2 Page 136