Part I
1.	Date of notice to issuer	01/12/2008
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	28/11/2008
2.	The change in the percentage level	From 0.98 % To 1.02 %
3.	Circumstance(s) giving rise to the interest or change in interest	Open Market Purchase Before changing, Maxtop Management Corp. ("Maxtop") has 0.98% direct interest in Thai Beverage Public Company Limited ("THBEV"). On 28/11/2008, Maxtop purchased 10,247,000 THBEV shares from open market at SGD 0.2040 per share, resulting in its direct interest in THBEV increasing to 1.02%. Mr. Charoen Sirivadhanabhakdi and Khunying Wanna Sirivadhanabhakdi have deemed interests in THBEV through MM Group Limited through Maxtop. As a consequence, Maxtop shall be considered as an indirect substantial shareholder of THBEV.
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 246,002,000 0 As a percentage of issued share capital 0.98 % 0 % No. of shares held after the change 256,249,000 0 As a percentage of issued share capital 1.02 % 0 %