MCOT Public Company Limited

Mr. Krirk Samontham, shareholder, gave comments as follows:1. The annual report should be issued in Thai version and English version separately or else theannual report would be too thick. This should be done by the management.2. The name of the Company in Thai should appear on the cover of the annual report to reflectthe Company’s Thainess to the youths.3. MCOT Plc. should organize an essay contest for scholarship, allowing students to expresstheir opinions about television and radio industry of Thailand, and later publish such essays in theannual report.The Chairman said that MCOT Plc. was pleased to accept the comment on the name of the Companyin Thai on the annual report and would bring other 2 issues into consideration.Mr. Seksan Suppasaeng, shareholder, inquired about the Company’s undertakings following thecomments and suggestions of the shareholders in the previous shareholders meeting.The Chairman explained that such undertakings would later be presented to the Meeting in Agenda 9on other matters which included 11 issues.Mr. Pitipat Pattanatanchoke, proxy of Thai Investors Association, inquired that this agenda shall beacknowledged or certifiedMr. Seksan Suppasaeng, shareholder, commented that the mentioned operating results had beencompleted, so this agenda shall be acknowledgedThe Chairman was pleased to bring all useful observations and comments for the improvement of theannual report and requested the meeting to acknowledge the Company’s operating results for 2010 asproposed.The Resolution of the Meeting, the Meeting acknowledged the Company’s operating results for 2010Agenda 4: To certify the balance sheets and statements of income of the Company for the yearending December 31, 2010The Chairman assigned Mr. Jessada Promjart, Chief Financial Officer (CFO), to present the operatingresults to the Meeting.Mr. Jessada Promjart, CFO, explained the operating results for 2010 as shown in the statements ofincome and balance sheets for the year ended December 31, 2010, reviewed and certified by the Officeof Auditor General, the Company’s auditor, and delivered to shareholders, the details of which weresummarized below:1. Balance Sheets for year ended December 31, 2010The balance sheets comprised total assets amounting Baht 10,389.322 million which could be dividedinto Baht 5,881.830 million for current assets and Baht 4,507.491 million for non-current assets. TheCompany’s total debt was Baht 2,725.298 million which could be divided into current liabilities of Baht1,760.112 million and non-current liabilities of Baht 965.186 million. Shareholders’ Equity was Baht7,664.023 million.2. Statements of income for the period between January 1 - December 31, 2010The Company’s statements of income between January 1 - December 31, 2010 consisted of Baht5,639.249 million for total income which could be divided into Baht 4,712.235 million for TV andradio operation income, Baht 833.839 million for joint operation income and Baht 93.175 million forother income. The Company’s total expenses were Baht 3,571.147 million, and net profit after incometax amounted to Baht 1,446.049 million, Baht 2.07 per share. The net profit could be divided into theprofit of Baht 23.330 million for minor shareholders and Baht 1,422.720 million for major shareholders.Mr. Somchai Chansa-ard, shareholder, asked about the radio revenue of MCOT Plc. and suggestedthat the details of the revenue and profit of each station should be clearly separated to show theefficiency of each station.The Chairman explained that the Board of Directors considered the operating results and thedevelopment of each radio station monthly and during the first quarter of 2011, MCOT Plc.’s radiostations had shown great development but since each had its own unique style, their operating resultsvaried. Lookthung Maha Nakorn station gained the best operating results while other stationsconcerning documentary and sports might not. This depended on the competitors and popularity, and, at-5-