DIVIDEND PAYEMENT

(Translation) H.T.006/2003 February 21st, 2003 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 147th Board of Directors Meeting on February 21st, 2003 are as follows:- 1.Resolved that the report of Management was approved and the audited financial statements for fiscal year ended 31st December 2002 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 31st, 2002 will be bath 2.70 per share (27 million shares) and will be paid to shareholders on May 23rd, 2003. Closing date of the share register book for the right to receive the dividend and to attend the meeting will be on April 3rd, 2003 at 12.00 p.m. until the adjournment of the Annual General Meeting of Shareholders. 3.Resolved that the Board recommends the Shareholders meeting to approve the Company to participate in the Thai Trust Fund Programme and approval for the Fund to invest in or hold the Company's shares. In order to increase the liquidity and the trading volume of the Company's shares on the Stock Exchange of Thailand and to promote the investment by foreigners in the Company's shares, the Company should participate in the Thai Trust Fund Programme and allow the Fund to invest in or hold the Company's shares at the maximum of 10% of the total issued shares of the Company. 4.Resolved to call the Annual General Meeting of Shareholders No.36th to be held on Wednesday 23rd, April 2003 at 11.00 a.m. at Regent 1 Room, The Regent Hotel, No 155 Rajadamri Road, Pathumwan, Bangkok, Thailand, with the following agenda:- 1st Agenda Certify the minutes of the Annual General Meeting of Shareholders No. 35th 2nd Agenda Acknowledge the Board of Directors' report on the Company's operation during the year 2002. 3rd Agenda Approval of balance sheet and the profit and loss statement for the year ended December 31, 2002. 4th Agenda Consideration of final dividend payment. 5th Agenda Consideration of the remuneration of the company directors. 6th Agenda Consideration of the amendments to the Articles of Association of the Company in respect of the Company's ownership of its own shares and offset any debts of the Company with the shareholders for making payment for shares and other articles. In order to reflect the provisions of the Public Limited Companies Act and the Amendment Act (No. 2) B.E. 2544. 7th Agenda Consideration and approval for the Company to participate in the Thai Trust Fund Programme and approval for the Fund to invest in or hold the Company's shares. 8th Agenda Consideration of election of directors to replace the directors who retired by rotation. 9th Agenda Appoint auditors and fix the auditors' fee for the year 2003. Yours sincerely,