SHAREHOLDING STRUCTURE AND MANAGEMENT

Dynasty Ceramic Public Company Limited

Has registered, issued and paid-up capital as of 31 December 2005 comprising 408 million shares with a par value of 1 Baht per share, representing a total value of 408 million Baht. No debentures or warrants have been issued whatsoever.

As of 31 December 2005 , the Company had investments in the ordinary shares of subsidiaries as follow:

1. Tile Top Industry Public Company Limited, valued under the cost equity method at 630.9 million Baht, and representing an equity stake of 96.83 percent.

2. Pick and Pay Company Limited, valued under the cost equity method at 16.4 million Baht, and representing an equity stake of 97.79 percent.

3. Muangthong CeramicCompany Limited, valued under the cost equity method at 10.3 million Baht, and representing an equity stake of 99.98 percent.

4. World Wide Ceramic Company Limited, valued under the cost equity method at -12.0 million Baht, and representing an equity stake of 99.93 percent.

Obligations with regard to the issue of future securities.

The firm has no obligations with regard to the issue of future securities.

Subsidiary Company :

The Company has 4 subsidiaries,

1. Tile Top Industry Public Co., Ltd. has registered capital of 300 million Baht. Issued and paid-up capital as of 31 December 2005 comprised 22.2 million shares with a par value of 10 Baht per share, providing a total value of 222 million Baht. Tile Top Industry PLC has no other subsidiary or associated company in which it has shareholdings or investments.

2. Pick and Pay Company Limited,. Has registered capital of 12 million Baht. Issued and paid-up capital as of 31 December 2005 comprised 120,000 shares with a par value of 100 Baht per share, providing a total value of 12 million Baht. The Company has no other subsidiary or associated company in which it has shareholdings or investments.

3. Muangthong CeramicCompany Limited. has registered capital of 4.5 million Baht. Issued and paid-up capital as of 31 December 2005 comprised 45,000 shares with a par value of 100 Baht per share, providing a total value of 4.5 million Baht. The Company has invested in 2 associated company which were the retail outlets of ceramic tiles consist of Acapulco Co.,Ltd. representing an equity stake of 16.65 percent amounted Baht 499,500 and Amnatphet Ceramic Partnership Ltd. representing an equity stake of 33.3 percent amounted Baht 500,000.

4. World Wide Ceramic Company Limited,has registered capital of 1.0 million Baht. Issued and paid-up capital as of 31 December 2005 comprised 10,000 shares with a par value of 100 Baht per share, providing a total value of 1 million Baht. The Company has no other subsidiary or associated company in which it has shareholdings or investments.

Major shareholders as of 07 April 2006

Dynasty Ceramic Public Co., Ltd.

No. of Shares	Name	% of shareholding
98,225,720	Mr. Roongroj Saengsastra	24.07
30,210,210	Mr. Vibul Watcharasurunk	7.40
20,703,400	SOMERS (UK) Limited	5.07
17,244,000	Mr. Chaiyasith Viriyamettakul	4.23
17,123,800	Goldman Sachs and Co.	4.20
13,456,800	Mr. Monrak Saengsastra	3.30
13,251,400	Mr. Maruth Saengsastra	3.25
13,028,090	Mr. Jira Tritavil	3.19
12,892,000	Mr. Suvit Samanparnchai	3.16
11,000,000	Miss Cathleya Saengsastra	2.70

Tile Top Industry Public Co., Ltd.

No. of Shares	Name	% of shareholding
21,495,906	Dynasty Ceramic Public Co., Ltd.	96.83
300,000	Mr. Sunti Taechatharathip	1.35
200,000	Miss Wararuk Truengtrajitkul	0.9
100,000	Mrs. Supaporn Taechatharathip	0.45
100,000	Mr. Somphol Taechatharathip	0.45

Pick and Pay Co., Ltd

Muangthong CeramicCompany Limited

 World Wide Ceramic Co., Limited  

Shareholder by Investor Groups (April 7, 2006)

Dividend payment policy

Dynasty Ceramic Public Co., Ltd

The Company has a policy to provide a dividend to its shareholders in a ratio of approximately 70 percent of net profit in each year.

All subsidiaries have no policy for the payment of dividends at the present time.