Dec 11, 2009
Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

Part I
1. Date of notice to issuer 11/12/2009
2. Name of Substantial Shareholder Maxtop Management Corp.
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 10/12/2009
2. The change in the percentage level From 17.37 % To 15.75 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Before changing, Maxtop Management Corp. ("Maxtop") has 17.37% direct interest in Thai Beverage Public Company Limited ("THBEV").

On 10/12/09, Maxtop sold 406,840,000 THBEV shares to Golden Capital (Singapore) Limited at SGD 0.2500 per share through an off-market transaction, resulting in its direct interest in THBEV decreasing to 15.75%.

Mr. Charoen Sirivadhanabhakdi and Khunying Wanna Sirivadhanabhakdi have deemed interests in THBEV through MM Group Limited through Maxtop.
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 4,362,764,000 0
As a percentage of issued share capital 17.37 % 0 %
No. of shares held after the change 3,955,924,000 0
As a percentage of issued share capital 15.75 % 0 %