SET Announcements

Tor.32/1999 November 15, 1999 Subject:Appoitment of Audit Report Committee To: President Attachement: 1. Form for Report on Names of Members and Scope of perfomance of the Audit Committee (F24-1); 2. Certification of Audit Committee members (F24-2). The Board of Directors' Meeting of Loxley Public Company Limited No. 6/1999 passed a resolution appointing the Audit Committee with the following details: Chairman of the Audit Committee Dr. Wichain Watanakun Member of the Audit Committee Dr. Harit Sutabutr Member of the Audit Committee Mr. Viroj Nualkhair Secretary to the Audit Committee Mrs.Suganya Veerakiatkij The Audit Committee of the Company has the scope of duties and responsibilities, and shall report to the Company's Board of Directors as follows: 1. To review the sufficiency of the financial report; 2. To revie the adequacy and effectiveness of internal control system; 3. To review compliance with the Securities and Exchange Acts, Regulations of the SET, and any other relevant laws; 4. To consider and advise the appointment of the external auditors including the audit fee; 5. To consider compliance with all connected transaction disclosures or the conflict-of-interests disclosures; 6. To report the activities of the Audit Committee in the Company's annual report which must be signed by the Chairman of the Audit Committee; 7. Be responsible to the board of directors under the scope of the functions assigned to it by the board. Term of the Appointment: Chairman of the Audit Committee's term 3 years. Members of the Audit Committee's term 3 years. The Company hereby certifies that the aforementioned members meet all the qualifications precribeb by the Stock Exchange of Thailand. Sincerely yours Loxley Public Company Limited (Ms.Suganya Veerakiatkij) Senior Vice President Account & Budgeting Department