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Arbitral Tribunal rendered award on the claim against DPC


BackApr 01, 2008

TOTAL ACCESS COMMUNICATION PLC.
Investor Release

TAC IR 013/2008

31 March 2008

Re: The Arbitral Tribunal rendered its award on the claim against Digital Phone Co., Ltd.

To: President The Stock Exchange of Thailand

Reference is made to Arbitration Case Black No. 55/2549 in which Total Access Communication Public Company Limited (TAC) filed the Statement of Claim against Digital Phone Co., Ltd., with the Arbitral Tribunal, claiming for two outstanding installments in the amounts of US$40,631,100 and US$46,745,414, respectively.

On March 25, 2008, the Arbitral Tribunal has rendered its award granting TAC 80% of the amounts so claimed, namely, US$32,504,880 and US$37,396,331.2 plus interest at the rate of 9.5% per annum from October 1, 2004 and October 1, 2005, respectively.

Please be informed and disclose this information to the public and investors in the Stock Exchange of Thailand.

 

Sincerely yours

 

(Mr.Premon Pinskul)
Deputy Chief Financial Officer

 

Investor Relations: IR@dtac.co.th
Tel (66) 2 202-8882
WWW.DTAC.CO.TH

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