ELECTION OF RETIRED AUDIT COMMITTEE ( F24-3)

H.T. 039/2002 DATE: May 22, 2002 SINGER: Election of retired Audit Committee Form For Report on Names of Members and Scope of Performance of the Audit Committee (F24-3) The Board of Directors Meeting No.144th of The Singer Thailand Public Company Limited held on May 22, 2002 passed the following resolution to approve the appointment of Audit Committee to be re-elected in the same position for another term with the effective date on May 22, 2002. 1. Names of the Audit Committee Members are as follows: 1. Chairman of the Audit Committee Mr. Udom Chatiyanonda ( Remaining of service = 2 years ) 2. Member of the Audit Committee Mr. Pliu Mangkornkanok ( Remaining of service = 2 years ) 3. Member of the Audit Committee Mr. Sara Lamsam ( Remaining of service = 2 years ) 4. Secretary to the Audit Committee Miss Chanthornjira Kongtongsmut 2. The Company Audit Committee has duties and responsibilities to the board of Directors as follows: 1. To ensure the Company Financial Report is correct, complete and reliable. 2. To ensure the Company has adequate and effective internal control system, and prepare the Audit Committees report for disclosure in the Company Annual Report. 3. To consider, select and propose to appoint the Auditor. 4. To ensure the Company follows all relevant regulations and laws. 5. To ensure the Company does not engage in any activities that may lead to a conflict of interest. 6. Consider other matters as assigned by the Board of Directors. The Company hereby certifies that the aforementioned members meet all the qualifications prescribed by the Stock Exchange of Thailand. Singer Thailand Public Company Limited ( Mr. Sophon Pholvilai ) Controller and Finance Director