November 5, 1999 The President The Stock Exchange of Thailand 62 Ratchadapisek Road Klong Toey, Bangkok 10110 Dear Sir, CHANGE ITS BOARD OF DIRECTORS At the Haad Thip Board of Directors' Meeting on Novenber 5th 1999 the following resolutions were made : 1. Resignations of Board Member, Khun Preecha Somsawad, was accepted, effective November 1st 1999 2. Resignations of Board Member, Khun Krasae Paseepol, was accepted, effective December 31th 1999 3. Appointment of Khun Yanyong Maethapanich as Board Member was tabled and approved by the Board, effective November 5th 1999 Yours faithfully, Sec.Lt. (Phairoch Rattakul) Managing Director Office of the Managing Director Tel.392-9984-5 Ext. 108