APPOINTMENT OF THE MANAGING DIRECTOR

Hor. Thor. 069/1998 December 23, 1998 To: Director of Registration Division The Stock Exchange of Thailand Subj: Inform of Resolutions Adopted at the 128th Board of Director Meeting The resolutions of the Board of Directors adopted at 128th Board of Director Meeting on December 23rd , 1998 are as follows: 1. Accepted the resignation of Mr. Woo Heng Choon. 2. Approved the appointment of Mr. Daniel Michel Philiponet as the Director. 3. Approved the appointment of Mr. Daniel Michel Philiponet as the Managing Director . The power of Director of the Company shall be changed to be as follows: " Mr. Daniel Michel Philiponet signs jointly with Mr. Wadhana Trikandha and with the Company's seal affixed or anyone from these two directors sign jointly with any other director with the Company's seal affixed." " Yours respectfully, Singer Thailand Public Company Limited ( Mr. Sophon Pholvilai ) Director