Sep 23, 2008
Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

Part I
1. Date of notice to issuer 23/09/2008
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 22/09/2008
2. The change in the percentage level From 0.28 % To 0.33 %
3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase

Before changing, Maxtop Management Corp. ("Maxtop") has 0.28% direct interest in Thai Beverage Public Company Limited ("THBEV").

On 22/9/2008, Maxtop purchased 11,500,000 THBEV shares from open market at SGD 0.2276 per share, resulting in its direct interest in THBEV increasing to 0.33%.

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 70,929,000 0
As a percentage of issued share capital 0.28 % 0 %
No. of shares held after the change 82,429,000 0
As a percentage of issued share capital 0.33 % 0 %