SET Announcements

Tor.9/2551 May 27, 2008 Subject: Notification of Minutes of the Company's Board of Director's Meeting No.5/2551 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. 5/2551 held on May 27, 2008. The details of the resolutions are as follows: 1. Resolution to allocate the share premium and legal reserve to compensate retained deficits caused by adjustment unrealized loss. It would result from the changes of fair value of investment of Baht 2,007 million in TT&T Public Company Limited as at March 31, 2008. Under the Accounting Standard (TAS) 40; in the event that the investments were to be considered to be impaired, the Company has to recognize an impairment loss in the income statement. The Company's Board of Directors has to consider the reasonable amount of legal reserve and share premium to compensate such retained deficits; subject to further submission to the extraordinary general meeting of shareholders no.1/2551 for approval. 2. Resolution to fix an extraordinary general meeting of shareholders to be held on June 26, 2008 at 14:00 hrs at Queen Park 2 room, 2nd floor, Imperial Queen Park Hotel, Sukhumvit 22 and to fix the closing date of the Share Registry Book to be on June 10, 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 2008 2. To consider and approve the allocation of the share premium and legal reserve to compensate retained deficits caused by adjustment unrealized loss. 3. To consider other business (if any) Please be informed accordingly. Sincerely yours, Loxley Public Company Limited (Mr. Pichai Mooputtarak) Secretary of the Board of Directors