Part I
1.	Date of notice to issuer	25/01/2008
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	24/01/2008
2.	The change in the percentage level	From 2.45 % To 2.57 %
3.	Circumstance(s) giving rise to the interest or change in interest	Open Market Purchase Before changing, Golden Capital (Singapore) Limited ("GC") has 2.45% direct interest in Thai Beverage Public Company Limited ("THBEV"). On 24/1/2008, GC purchased 28,638,000 THBEV shares from open market at SGD 0.2438 per share, resulting in its direct interest in THBEV increasing to 2.57%. 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 616,286,000 0 As a percentage of issued share capital 2.45 % 0 % No. of shares held after the change 644,924,000 0 As a percentage of issued share capital 2.57 % 0 %