Termination of the disposition of shares in associate

Back31 October 2008

SET. 29/2008

30 October 2008

Subject: Termination of the disposition of shares in Pacific Marketing and Entertainment Group Co., Ltd.

Attn: President of the Stock Exchange of Thailand The Stock Exchange of Thailand

Major Cineplex Group Public Company Limited (the "Company") has been informed by M Picture Entertainment Plc. ("MPIC") that MPIC's Board of Directors' Meeting No. 9/2008 resolved to cancel its right offering. Therefore, the Company has discussed the impact of such right offering cancellation on the business expansion initially planned with all parties relevant to the sale and purchase of shares in Pacific Marketing and Entertainment Group Co., Ltd. ("PM") and the sale and purchase of shares in Media Network Retail Co., Ltd. ("MNR"). All parties have agreed to terminate the Sale and Purchase Agreements of shares of PM and MNR for the time being and shall reconsider such matter once the timing is regarded as appropriate.

 

Please be informed accordingly.

 

Yours faithfully,

 

(Mr. Chattaphum Khantiviya)
Corporate Secretary

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