9/22/2004 THAI PRESS REPORTS - In the first announcement of annualresults since Univanich was listed on the SET in November 2003, Chairman,Mr. Apirag Vanich, noted that strong growth in Thailand's oil palmindustry has assisted the Company in achieving several new growthmilestones. "Thailand's production of palm fruit increased to 4.8 milliontonnes in 2003 with most of the growth in the small farmer sector. Thisenabled Univanich to also increase its production since the Companypurchased 76% of its fruit from outside growers " said Mr. Vanich. "Due tothis increasing production from our fruit suppliers Univanich factoriesreached the significant milestone of more than 500,000 tonnes fruitprocessed in one year, an increase of 18.6% over the previous year. Thisis the maximum of the Company's present capacity and a new factory isalready under construction for opening in the 4th quarter of 2004" hesaid.

Mr. Apirag Vanich noted that Thailand has now moved up into third placeamongst the World's producers of palm oil, behind the giant producers ofMalaysia and Indonesia. In 2003 Thailand produced more than 860,000 tonnesof Crude Palm Oil, of which 86,000 tonnes, or 10% of production wasexported. "When our first oil palms were planted back in 1969 it wasintended to supply just the local market for cooking oil" said Mr Vanich,"But we have now developed into a competitive export industry. In 2003Univanich exported about half its palm oil production, or more than 50,000tonnes, to new customers in India and in Malaysia" he said.

"We expect this exporting will continue since Thailand's palm oilproduction easily exceeds local consumption. Furthermore, there is stillstrong interest from farmers to plant oil palms. In 2003 Univanich's oilpalm breeding programme supplied 1.6 million hybrid seeds and seedlings tolocal growers. This high yielding material was enough to plant another60,000 rai which will come into production in 2 or 3 years time. Weestimate that Univanich supplies about one third of the local market forhigh quality seeds so this indicates to us Thailand's oil palm industry isstill expanding at a rapid rate" said Mr. Vanich.