Sep 16, 2008
Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

Part I
1. Date of notice to issuer 15/09/2008
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 12/09/2008
2. The change in the percentage level From 0.12 % To 0.14 %
3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase

Before changing, Maxtop Management Corp. ("Maxtop") has 0.12% direct interest in Thai Beverage Public Company Limited ("THBEV").

On 12/9/2008, Maxtop purchased 5,500,000 THBEV shares from open market at SGD 0.2250 per share, resulting in its direct interest in THBEV increasing to 0.14%.

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 29,069,000 0
As a percentage of issued share capital 0.12 % 0 %
No. of shares held after the change 34,569,000 0
As a percentage of issued share capital 0.14 % 0 %