Payment of Dividend and Calling of Shareholders' Meeting

(Translation) H.T.003/2005 February 25, 2005 To: Managing Director The Stock Exchange of Thailand Subject: Payment of Dividend and Calling of Shareholders' Meeting The resolution of the Board of Directors adopted at 156 Board of Directors Meeting on February 25, 2005 are as follows:- 1. Resolved that the report of Management was approved and the audited financial statements for fiscal year ended 31st December 2004 was acknowledged for submission to the shareholders meeting for approval by the shareholders. 2. Resolved that the Board recommend the Shareholders Meeting to approve the final dividend payment for the fiscal year ended December 31, 2004 will be Baht 0.19 per share for 270 million shares at par value 1 Baht and will be paid to shareholders on May 18, 2005. 3. That the date for closing the Company's share register for the right to attend the Ordinary General Meeting of Shareholders will be on March 31, 2005 at 12.00 p.m. until the adjournment of the Ordinary General Meeting of Shareholders and the right to receive the dividend will be on March 31, 2005 at 12: 00 p.m. 4. Consideration of the amendment to Clause 3 of the Memorandum of Association of the Company as follows: Clause 3: The total objects of the Company are 28 in number. To expand its scope of objectives to include new business activities such as selling and maintenance of motorcycles, providing member card service, data-communicating networks and computer services and manufacture, package and sell of lubricating oil. Thus, the Company's objectives shall be revised to cover new business activities. 5. Resolved to call the Annual General Meeting of Shareholders No.38th to be held on Thursday, April 21, 2005 at 10.00 a.m. at Montathip 3 Room, Four Seasons Hotel Bangkok ,No 155 Rajadamri Road, Pathumwan, Bangkok, Thailand, with the following agenda:- 1st Agenda Approval of the Minutes of the Annual General Meeting of Shareholders No. 37th, held on April 23, 2004. 2nd Agenda Consideration of the Board of Directors' Report of the Company's operations of the previous year. 3rd Agenda Approval of Balance Sheet and the Profit and Loss Account of the Company and the Auditor's Report for the fiscal year ended December 31, 2004. 4th Agenda Approval of the declaration of final dividend payment to the shareholders. 5th Agenda Consideration of the amendment to Clause 3 of the Memorandum of Association of the Company in order to cover the Company's future business activities. 6th Agenda Consideration of election of directors to replace the directors who retired by rotation and election of new director. 7th Agenda Consideration of the Remuneration of the Company Directors and Audit Committee members for the year 2005. 8th Agenda Appointment of auditors of the Company for 2005 and fixing their remuneration. 9th Agenda Other business (if any). Yours sincerely, Singer Thailand Public Co., Ltd. Mr. Prateep Saenghiranwathana Controller and Finance Director