RESOLVES DIVIDEND PAYMENT AND DEBENTURE ISSUANCE

Singer Thailand Plc (SINGER) held its Board of Directors' meeting on August 28, 1996 and resolved as follows: 1. The Board approved to pay a dividend for the latest 6-month period ending June 30, 1996 at the rate of Bt9.70 per share for all 27 million shares in the registration book. The closing of the register will be October 7-25, 1996. The dividend will be paid on November 25, 1996. 2. The Board approved an issuance of debentures in other currencies and/or baht equivalents of not more than Bt900 million. The offer can be one or many times to general people and/or to domestic institutional investors and/or international institutional investors for the whole amount or in part given the debentures are not more than 3 years old. Other details of the debentures such as amount, par value, selling price per unit, interest rate, the appointment of a trustee, allocation details, will be considered by the Board at a later time. Translated by the Nation