SET Announcements

Tor. 4/2545 February 28, 2002 SUBJECT : Notification of the Resolutions of the Board of Directors' Meeting of the Company TO : President The Stock Exchange of Thailand Loxley Public Company Limited (the "Company") would like to report on the resolutions made at the Board of Directors' Meeting No.1/2002 held on February 28, 2002. The board of directors passed the following reports: 1. That the Company approved the audited financial report and consolidated financial statement for the year ended December 31, 2001 and for the shareholders to consider; 2. That the Company will not make dividend payment for the fiscal year 2001 result because the Company has retained deficit; 3. That the Annual General Meeting of Shareholders No.1/2002 should be held on April 29, 2002 at Queen's Park 3 Room, Imperial Queen's Park Hotel, and the closing dated for shares registered of the meeting will be on April 9, 2002 at 12.00 p.m. The agenda for the meeting will be: 1. To certify the Minutes of the Annual General Meeting of Shareholders No.1/2001; 2. To consider the Board of Directors' 2001 annual report; 3. To approve the audited financial report and consolidated financial statement for the year ended December 31, 2001; 4. To approve no dividend payment and legal reserve; 5. To elect new Directors in place of those who must retire on the expiration of their terms and consider the remuneration of Directors; 6. To consider appointment of Auditor and to consider his annual audit fees; 7. To consider other business (if any). 4. The closure of Loxley Infra Company Limited ("LoxInfra"), a subsidiary 60% own by the Company.The closure of LoxInfra was due to the company was set up to support the Independent Power Producre (IPP) project. In light of the fact that the economic situation was not suitatble for such project. Therefore, the Company has to discontinue the project. Sincerely yours, Loxley Public Company Limited (Ms.Suganya Veerakiatkij) Senior Vice President Accounting and Budgeting Dept.