SET Announcements

Ref : EE/SET/005/2009 December 8, 2009 Subject: Clarification the operating results for quarter 3/2009 To The President The Stock Exchange of Thailand Eternal Energy Public Company Limited, formerly Sea Horse Public Company Limited and its subsidiaries financial statements for the nine month ended September 30, 2009 compare to the same period last year showed net loss of 255.094 MB or increased by 235.516 MB which were more than 20% . The reasons are mainly from our sale of assets related to the food business in July 31, 2009. Therefore, the operating results in food business were realized only seven months as follows: 1. Revenue Total revenues of 563.556 MB decreased by 175.370 MB or 23.74 % from the same period last year due to the stronger Baht:USD, resulted to the decrease of sale revenue. 2. Expense -Cost of sales and services of 554.721 MB decreased by 53.264 MB or 8.76 % from the same period last year but there were loss in gross operating profit of 12.251 MB because of the downsizing in seafood business and at the same time there were reproduce the inventories for export orders. -Operating costs of 248.043 MB increased by 123.428 MB or 99.05 %, resulted from the allowance for accounts receivable loss in seafood business of 104.772 MB and the allowance for land devaluation in our subsidiary of 46.886 MB. Please be informed accordingly. Sincerely yours, (Mr.Vorajate Indamra) Director