Explanation of the Operating Performance of 1st Quarter 2006

BackMay 15, 2006

Ref No. 006/25/49/2006
  May 15, 2006
  The Stock Exchange of Thailand
  62 Ratchadapisek Road
  Klongtoei, Bangkok 10110
  Dear Sir,
       Re : Explanation of the Operating Performance of  1st Quarter 2006
        Amata Corporation Public Company Limited (Amata) and its subsidiary
  companies would like to report the net profit of the 1st quarter 2006 of
  280.14 million baht, and that of the 3 months period 2005 of 219.60 million
  baht. Comparing the operating performance of 2006 with that of 2005, net
  profit increased 60.54 million baht or equivalent to an increase of 27.57%.
        The increase in profit during this period is due to the follow factors:-
        1. Decrease of Cost of Sale
                   Details                   Q1-2005               Q1-2006
           Revenue from Land Sales            885.30                766.22
           Cost of Sales                      483.99                298.86
           Net Profit                         401.31                467.36
           Net Profit Margin (%)              45.33%                61.00%
        The gross profit from land sales of 2006 is 61.00%. When compared
  with that of 2005, which was 45.33%, gross profit increased 15.67%. This is
  because of the efficiency of the cost controls of the Company.
  2. Increase of income from services
        In 2006, the income from services is 188.13 million baht. Compared to
  the income services of 2005, which was 137.76 million baht, the income from
  services of 2006 has increased 50.37 million baht, or equivalent to 36.56%.
                                               2/For your.....................
                                          - 2 -
  For your information.
  Yours sincerely,
  Pol.Gen. Chavalit  Yodmani