INFORM OF RESOLUTIONS ADOPTED AT THE 132ND BDM.

(Translation) H.T. 047/1999 December 3, 1999 To: Managing Director The Stock Exchange of Thailand Subject : Inform of Resolutions Adopted at the 132nd Board of Directors Meeting The resolution of the Board of Directors adopted at 132nd Board of Directors Meeting on December 3, 1999 are as follows: 1. Accepted the resignations of the following directors: Name: Mr.Banyong Lamsam Position: Chairman Mr. Boontuck WungcharoenPosition: Director and Independent Director Mr. Wadhana Trikandha Position: Director Mr. Sinniah Ramanathan PositionDirector Effective from December 6, 1999 onwards. 2. Accepted the resignations of the following directors: Name: Mr.Daniel M. Philiponet Position: Director and Managing Director Effective from December 31, 1999 onwards. 3. Approved the appointments of Mr. James P. Kelly as the Director and Managing Director Effective from December 31, 1999 onwards. The power of Director of the Company shall be changed to be as follows: " Mr. James P. Kelly signs jointly with Mr. Yongyut Boonpektrakul 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." 4. Approved the appointments of the following Independent directors: Name Mr. Udom Chatiyanonda Mr. Chatchai Thiamtong Mr. Sara Lamsam 5. Approved the facility letter issued by Bank of Asia under Ref. LS/0120/1999, dated November 26th, 1999 and authorizing its execution, accepting and undertaking to comply with all covenants with the following modification on covenant, (f) which should read : "Without the prior written consent from the Bank, the dividend pay-out should not exceed 60% of net profit". Yours sincerely,