TRUE : FORM 56-1 For the Year 2007

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True Corporation Public Company Limited

Annual Registration Statements (Report Form 56-1)

Under the said agreements, our revenue sharing is based on gross revenue before the deduction of related expenses, at the rate of 84 percent for 2 million lines and 79 percent for 600,000 lines. The Company has 82 percent revenue sharing from each value-added service and 76.5 percent from the public phone service. As at the time of writing, True Group had been granted VoIP, fixed-line, public phone and International Direct Dialing (IDD) licenses from the National Telecommunications Commission (NTC). In December 2007, our IDD service using the prefix “006” was soft-launched to TrueMove subscribers and we expect to launch to our fixed-line subscribers around the middle of 2008. As at December 31, 2007 True had 1,955,410 fixed line subscribers, consisting of 1,314,580 residential lines and 640,830 business lines. While ARPU has been declining due to continued migration of traffic to mobile service, subscriber numbers have basically been stable. The following table shows the number of fixed-line subscribers and ARPU for the periods indicated: Fixed Line Subscribers ARPU (Blended)

2004 1,944,521 538

As of December 31, 2005 2006 1,989,664 1,976,965 493 414

2007 1,955,410 362

Value-Added Services In addition to fixed-line or wireline services, the Company offers a range of value-added services to meet customers’ needs, including: • A public phone service in the BMA, provided since 1997, with 20,000 telephone units. In April 2002, the Company gained approval to install an additional 6,000 telephone units, bringing the total number of units to 26,000. • Voice Mailbox, Call Waiting, Conference Calling, Call Forwarding, Hot Line, Abbreviated Dialing, Automatic Call Repetition and Outgoing Call Barring. • Caller ID displays incoming call number on Call ID phones. The Company also provides services for corporate customers requiring a large number of telephone lines and provides a range of valued-added services including: Direct Inward Dialing (DID), which automatically directs incoming calls to a

specified party. Hunting Lines service, which bundles two or more telephone lines at one location

into a single number. Integrated Service Digital Network (ISDN), which enables a telephone network to

handle all forms of voice, data and image communications simultaneously on the same telephone line. Televoting, a special service for companies with peak periods of short message

traffic. It enables companies to perform many marketing activities without investing in infrastructure. Voting results are available in as little as five seconds.

TRUETF: Details of each business line

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