Resolution Of the EGM of Shareholders No. 1/2006

( Translation ) H.T. 020/2006 March 17, 2006 To : Managing Director The Stock Exchange of Thailand Subject : Resolution of the Extraordinary General Meeting of Shareholders No. 1/2006 The resolutions of the Extraordinary General Meeting of Shareholders No.1/2006 to be held on Friday, March 17, 2006 are as follows :- 1. The Meeting adopted the minutes of the Annual General Meeting of Shareholders No. 38th 2. The Meeting approved the issuance of debentures with the following details: Purpose : For receivable financing, business expansion, refinance of existing Financial Institutional borrowings Type of Debenture : Unsecured and/or Secured Debentures, the details of Type of the Debenture will depend on the market conditions at issuance which will be considered and approved by the board of directors Amount : Total value of no greater than THB 3,000,000,000 Distribution : Domestic / Foreign Investors, Public Offering / Institutional / Private Placement, in partial or in whole to be distributed in single or multiple issues Coupon Rate : Depending on the prevailing market conditions at issuance Tenor : Up to 5 years Early Redemption : Bondholders / Company may or may not have the right to make early redemption of the bonds depending of the terms and conditions of each bond issuance Other Provisions : Other limitations and provisions of the bond, eg. name, type, par value, coupon rate, bondholders' representative, each issue amount, distribution, redemption, allotment, and secondary market listing, shall be delegated to the Company's Board of Directors, person authorized by the Board of Directors, or an Authorized Director who will be considered and appointed later on Yours Sincerely, Singer Thailand Public Co., Ltd. ( Mr. Prateep Saenghiranwathana) Controller and Finance Director