SET Announcements

Tor. 12/1998 April 30, 1998 RE: Reports on shareholders' resolutions No. 1/1998 Dear President The Stock Exchange of Thailand Loxley Public Company Limited would like to report on the resolutions made at the shareholders' ordinary meeting No. 1/1998 held on April 29, 1998. The details of the resolutions are as follows: 1) To approve the balance sheet and profit/loss account as at December 31, 1997. 2) To omit the annual dividend payment for the operation as for the 1997's operation result. 3) To re-appoint the directors whose tenure has ended, as follows: 1. Mr. Sukit Wanglee; 2. Mr. Suchin Suwanacheep; 3. Mr. Charoon Chinalai; 4. Mr. Poomchai Lamsam; 5. Mr. Vasant Chatikavanij. 4) To appoint the following persons as auditors: Mr. Thavach Phusitphoykai or Mr. Prasith Mooksikphun or Mr. Vichien Thamtrakul CPA No. 1724, 2675, and 3183 respectively from SGV-Na Thalang & Co., Ltd. as the auditors for the year 1998 with the fixed remuneration at: - Annual audit review for the company Baht 450,000 - Annual audit review for the company and subsidiaries Baht 140,000 - Annual limited financial review for the company Baht 195,000 - Annual limited financial review for the company and subsidiaries Baht 240,000 Total Baht 1,025,000 Sincerely yours, Loxley Public Company Limited (Ms. Suganya Veerakiatkij) Senior Vice President Accounting & Budgeting Dept.