FirstPac Signs S&P on Berli

RNS Number:8307N
First Pacific Capital (1997) Ld
28 November 2001



FIRST PACIFIC COMPANY LIMITED

PRESS RELEASE

Wednesday, 28 November 2001

FIRST PACIFIC SIGNS SALE AND PURCHASE AGREEMENT ON BERLI JUCKER

First Pacific announces that it has today signed the sale and purchase
agreement with Nakornchuen Co. Ltd., a member of the T.C.C. Group, relating to
the disposal of its entire 83.5 per cent interest in Berli Jucker for US$125
million.


First Pacific will make a further announcement on completion of the sale and
purchase, which is expected to be on or around 19 December 2001.


Background

Berli Jucker, which is based and listed in Bangkok, focuses on the
manufacturing, marketing and distribution of glass, consumer, technical and
imaging products. On 21 November 2001, First Pacific announced that it had
reached agreement to sell its entire 83.5 per cent interest in Berli Jucker to
the Pacific Capital International Group of Companies and/or the T.C.C. Group
of Companies, for US$125 million.


ING Barings advised First Pacific on the transaction.


                                    * * *

For further information, please contact:
First Pacific Company Limited
Rebecca Brown                                   Tel: [phone]
Executive Vice President
Group Corporate Communications

Sara Cheung                                     Tel: [phone]
Assistant Vice President
Group Corporate Communications


Information about First Pacific can be accessed on:
Web Site:              http://www.firstpacco.com/
E-mail:                [e-mail]