REPORTS RESOLUTION OF BOARD OF DIRECTORS' MEETING

Singer Thailand Plc (SINGER) reported that at meeting no.118, held on August 28, 1996, the board of directors resolved as follows: 1. To certify the minutes of the board of directors' meeting no.117, held on May 13, 1996 2. To approve the audited balance sheet, profit and loss statements for the period ending June 30, 1996 3. To approve the issue concering a dividend payment for the final accounting period ending June 30, 1996 in the ratio of Bt9.70 per share for 27 million shares. The company will close its register from October 7- 25, 1996, at noon. Payment will be on November 25, 1996. 4. To approve a general meeting of shareholders to be October 25, 1996. Shareholders listed in the register are eligible to attend the meeting and receive dividends. 5. To approve the issuance debentures with maturity not over 3 years in foreign currency and/or Baht worth not over Bt900 million. These debentures will be offered to the general public and/or local institutional investors and/or foreign institutional investors. Other conditions and details concerning debentures such as a par value, offering price per unit, coupon rate, appointment of representative, and allotment will be in discussed by the board of directors.