SET Announcements

Tor 1/2551 February 29, 2008 Subject: Notification of Resolution of the Company's Board of Directors Meeting No.1/2551 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.1/2551 held on February 29, 2008.The details of the resolution are as follows: 1. Approved the Company and consolidated yearly financial statements ended December 31, 2007 which were reviewed by the auditors; subject to further submission to shareholders for approval. 2. Resolution to no dividend payment for the operating result year 2007 in order to reserve capital for expanding business in the future; subject to further submission to shareholders for approval. 3. Resolution to amend the Company Articles of Association in case allocation of the Company's legal reserve and share premium to compensate retained deficits; subject to further submission to shareholders for approval. 4. Resolution to cancel the issue and offering convertible bonds to ordinary shares in the line of not exceeding USD 40 million or Thai Baht 1,400 million equivalent which was approved in the general meeting of shareholders No.1/2005 on April 24, 2007.The reason is that the Company was able to find a better source of loan; subject to further submission to shareholders for approval. 5. Resolution to decrease the Company's registered capital from Baht 2,650,000,000 to Baht 2,000,000,000 by canceling the reserved shares exercising the right to convert the bonds into 650,000,000 ordinary shares with Baht 1 par value per share totaling Baht 650,000,000;subject to further submission to shareholders for approval. 6. Resolution to amend Clause 4 of the Company's Memorandum of Association re:the Company's registered capital to be in line with the decrease of the Company's registered capital, to be as follows: "Clause 4: Registered capital of Baht 2,000,000,000 (Baht Two Billion) divided into 2,000,000,000 (Two Billion) shares of Baht 1 (Baht One) per share, divided into 2,000,000,000 (Two Billion) ordinary shares and - preferred shares" ; subject to further submission to shareholders for approval. 7. Resolution to fix an annual general meeting of shareholders to be held on April 29,2008 at 14:00 hrs. at Imperial Queen Park Hotel, Sukhumvit 22, Queen Park 3 Room, 2nd floor and to fix the closing date of the Share Registry Book to be on April 9, 2008 at 12:00 hrs until the meeting is adjourned in order to determine the right of shareholders in attending the meeting. The agendas of the meeting of shareholders are as follows: 1. To certify the minute of the annual general meeting of shareholders 2007 2. To acknowledge the operating results of the Company's Board for the year 2007 3.To consider and approve the yearly financial statements ended December 31,2007 4.To consider and approve the non-dividend payment. 5. To consider and appoint the directors replace whose retired by rotation 6. To consider the board remuneration from the operating results in 2007 7. To consider and elect auditors and fix the auditor remuneration 8. To consider the amendment of the Company Articles of Association 9.To consider and approve the cancellation of the issue and offering of ordinary convertible bonds without collateral 10. To consider and approve the decrease of the Company's registered capital from Baht 2,650,000,000 to Baht 2,000,000,000 by canceling reserved shares exercising the right to convert the bonds into 650,000,000 ordinary shares with Baht 1 par value per share totaling Baht 650,000,000. 11.To consider and approve the amendment of Clause 4 of the Company's Memorandum of Association resulting from decrease of the registered capital. 12. To consider other business (if any) Sincerely yours, Loxley Public Company Limited (Mr. Pichai Mooputtarak) Secretary of Board of Directors