Dec 15, 2009
Notice Of Cessation Of Substantial Shareholding

Part I
1. Date of notice to issuer 15/12/2009
2. Name of Substantial Shareholder Golden Capital (Singapore) Limited
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Interest 14/12/2009
2. The change in the percentage level From 10.43 % To 0 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Before changing, Golden Capital (Singapore) Limited ("GC") has 10.43% direct interest in Thai Beverage Public Company Limited ("THBEV").

On 14/12/09, GC sold 2,618,325,000 THBEV shares to Siriwana Company Limited at SGD 0.2550 per share through an off-market transaction, resulting in its direct interest in THBEV falling to 0%.

Mr. Charoen Sirivadhanabhakdi and Khunying Wanna Sirivadhanabhakdi have deemed interests in THBEV through MM Group Limited through GC.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in the percentage level is the result of a transaction described above.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 2,618,325,000 0
As a percentage of issued share capital 10.43 % 0 %
No. of shares held after the change 0 0
As a percentage of issued share capital 0 % 0 %