SET Announcements

Tor 16 /2551 November 14, 2008 Subject: Notification of Resolutions of the Company's Board of Directors Meeting No. 10/2551 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. 10/2551 held on November 14, 2008. The details of the resolutions are as follows: 1. To approve the Interim Financial Statements for the nine-month period ended September 30, 2008 which were reviewed by the Company's auditors. 2. To change the chairman of the Audit Committee from Dr. Wichian Watanakun to Dr. Harit Sutabutr in order to rotate position. Moreover, to renew the term of the members of the Audit Committee, as the following names and positions: Dr. Harit Sutabutr Chairman of the Audit Committee Dr. Wichian Watanakun Member of the Audit Committee Mr. Charoon Chinalai Member of the Audit Committee The change and renewal of which shall take an effect as of November 14, 2008. 3. To reject the purchase of increased capital of L Direct Co., Ltd., a subsidiary which has issued 300,000 common shares of increased capital, with Baht 100 par value per share totaling Baht 30,000,000. Upon this increased capital offer, the Company did not desire to take its right to buy common shares of increased capital of L Direct Co., Ltd. amount 210,000 shares, with Baht 100 par value per share, totaling Baht 21,000.000. Originally, the Company held 70% of shares in L Direct Co., Ltd., equally 70,000 shares. After L Direct Co., Ltd. increased capital and the Company intended not to take its right, the Company's shareholding percentage would be 17.50%, 70,000 shares. The reason not to take its right to purchase increased capital was that the Company has no policy to increase any investment within this year. Please be informed accordingly. Sincerely yours, Loxley Public Company Limited (Mr. Pichai Mooputtarak) Secretary of the Board of Directors