(Translation)
The President
The Stock Exchange of Thailand
Dear Sir,
        Subject : Transfer of KTB''s substandard assets to TAMC
          It is stipulated in the Thai Asset Management Corporation Royal Ordinance B.E. 
2544 (2001), Section 30  that a financial institution or assets management company with the 
Financial Institutions Development Fund or any  combined government agencies or state 
enterprises as its shareholders holding more than fifty percent of paid  up registered capital 
shall transfer all its substandard assets as at 31 December 2000 to the Thai Asset Management 
Corporation (TAMC) within the period of time specified by the TAMC.
        In this regard, the Board of Directors of Krung Thai Bank Public Co., Ltd , at its 
meeting No. 15/2544 (576) on 17 October 2001, passed its resolution to ratify the approval of the 
transfer of all substandard debtors to TAMC as mentioned above. Initially there will be about 
60,000 cases/debtors and Baht 80,000 million of outstanding debts in total. Of these figures, the 
Bank already transferred them 17 times . As for the 18 th transfer scheduled for 31 October 2003, 
it consists  of the following details : 
  Serial                 Date                 Number of             Book  Value              Transfer                Transfer      
 
Number                                              cases                           in                         Price in            
     price to
                                                                                        Million Baht           Million Baht        
 Outstanding
18             31 October 2003              10                          996.33                     506.53                50.83%
Note :  Information on transfer as at 31 October 2003 is estimated figures since it is still in the transfer 
              process and for the following transfer, exact date and amount have not been fixed as yet.
        Upon the Bank''s transfer of substandard debtors to TAMC, it  has to complete  
verifying the asset prices to be initially repaid within 180 days. If TAMC sees that such prices are 
correct, it will issue a letter confirming the asset prices to be primarily paid to  the Bank within 7 
days.
        Concerning method of payment, TAMC will issue a nontransferable promissory note 
on which the following details will be specified :
        - Amount of money according to the price of asset transferred to TAMC
        - Promissory note (P/N) issuing date according to the date of asset transfer and 
due date of repayment upon the expiration of 10 years from the P/N issuing date with an aval by 
the Financial Institutions Development Fund. However, TAMC may exercise its right to redeem 
the P/N before its maturity.
        As for interest payment, TAMC will pay the interest on P/N to the Bank according to 
the average interest on deposit by calculating the interest as at the last working day of the year.
        In addition, the above transactions are categorized as related  party transactions 
but they are exempted according to Clause 8 (1) of the announcement of the Stock Exchange of 
Thailand (SET) governing disclosure of related - party transactions, and the size of the transaction 
when being fully transferred according to the estimate will account for the rate of approximately 
8.22 % of the Bank''s total assets whereby  the Bank  does not have to comply with the SET''s 
announcement governing the acquisition or disposal of assets of a registered company.
Please be informed accordingly.
Yours sincerely,

Mr.Somanat Chutima      
Senior Executive Vice President