Media Release - MPT Reports Third Quarter 2005 Results

Key Highlights

· Net Profit surged 120% to a record Baht 174.6 million from Q2’05

· Third consecutive quarter of record unit shipments of 78.9 million

· Sales of Baht 2,496.8 million, a 79% increase year-on-year

· Completes Baht 2,000 million in credit facility to finance capacity expansion

The Consolidated Financial Results for the period ended 30 September 2005 include the full eight months (Feb’05 to Sept’05) of operations of the merged entity MPT. The Consolidated Financial Results for the quarter ended 31 March 2005, includes two months (Feb’05 to Mar’05) of operations of KRP, and three months (Jan’05 to Mar’05) of operations of DS.

As stipulated under IFRS and Thai Accounting Standards, the comparative figures shown in the Consolidated Financial Statements for the third quarter and nine months ended 30 September 2004 reflect the operations of the Data Storage Division of Magnecomp International Limited (DS) only.

15 November 2005 - Magnecomp Precision Technology Public Company Limited (SET: MPT) today reported a record net profit of Baht 174.6 million on sales of Baht 2,496.8 million for its third quarter ended 30 September 2005. These results show significant growth as compared to revenue of Baht 1,395.4 million and a net profit of Baht 116.3 million in the year-ago quarter.

The September quarter marked MPT’s third consecutive record quarter of shipments growth as unit shipments increased to 78.9 million units, a 70% increase from the year-ago quarter and a 7% increase from the preceding second quarter. The Company reported net profit of Baht 174.6 million or earnings per share of Baht 0.09 for the third quarter of 2005, reflecting increased volume growth, richer product mix and coupled with its Wangnoi plant reaching break-even towards the end of September month.

The company ended the quarter with an operating cash flow of Baht 365.5 million, and cash and cash equivalents of Baht 622.8 million. MPT has also secured a Baht 2,000 million credit facility (of which Baht 1,800 million is long term) to refinance existing borrowings and fund its working capital and capital expenditure to increase manufacturing capacity and engineering capability. The new five-year credit facility replaces existing credit lines and includes more favorable leverage and flexible coverage ratios than the prior facilities.

"We are pleased to report another record revenue and profitable quarter,” said Mr. Steven Campbell, CEO of MPT. “These results reflect continuing growth coming from both the traditional computing and newer consumer electronics segments. We shipped suspension assemblies for 2.5-inch HDDs to 3 major customers. The 2.5 inch HDD represents the fastest growing product platform in the HDD computing segment driven by an increase in PC notebook demand.”

"During the quarter we are very pleased with the support we have received from our new lending partner and the completion of our new credit line. This enables MPT to increase production capacity as well as allowing us to expand our vertical integration activities to position MPT to compete successfully in the growing HDD market.”

End of Release

About Magnecomp Precision Technology Public Company Limited

Headquartered in Ayutthaya, Thailand, Magnecomp Precision Technology Public Company Limited manufactures hard disk drive suspension assemblies with a number of subsidiaries specializing in precision stamping, chemical etchings, tooling and die, supporting its core business. MPT has manufacturing facilities in both China and Thailand, with a Research and Development Technology Center located in California, close to its major customers in USA. For more information, please visit the MPT website at www.MagnecompPrecision.com.

Forward Looking Statement

This release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The forward-looking statements are based on current management expectations, and actual results may differ materially as a result of several factors, including: levels of operating expense and product cost; supply and demand conditions in the data storage industry; overall economic conditions; changes in product and customer mix; pricing trends; actions by competitors; the pace of development of new markets; successful entry into new markets by the Group; and other factors discussed in periodic reports filed with the SET. These forward-looking statements should not be relied upon as representing the company's views as of any subsequent date and MPT undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.

Media Contact

Magnecomp Precision Technology
162 Phaholyothin Road, Ayutthaya 13170 Thailand
Tel: (66)3521-5225
Fax: (66)3521-5345
Peter Lim, peterl@magnecomp.com
Yong Kok Hoon, khyong@magnecomp.com