Ref. WORK 002 / 2548 January 19, 2005 Re: Report on the use of the capital increase fund. To: President of the Stock Exchange of Thailand As Workpoint Entertainment Public Company Limited (the "Company") had sold ordinary shares during September 20-22, 2004 , received total capital increase fund (net after expenses) of Baht 563 million with the use objectives as specified in the prospectus of the company. The company would like to report on the use of the capital increase fund as of December 31,2004 as follow : Objective for Use of Fund. Total Capital Increase(Million Baht) Total Fund used(Million Baht) Fund Available(Million Baht) Expected period of fund used. 1. Invest in new studio and office. 300 300 300 Year 2005-2006. 2. Working Capital. 263 263 263 Year 2005. Presently ,the company is on the process of preparing for construction. Please be informed accordingly. Sincerely yours, Workpoint Entertainment Public Company Limited ( Mr.Pongkarn Juntranggur ) General Manager