March 25, 2002 The President The Stock Exchange of Thailand 62 The Stock Exchange of Thailand Building Rachadapisek Road, Klongtoey, Bangkok 10110, Thailand Dear Sir, Announce Annual Dividend Payment and Change in Par Value The board of directors of Haad Thip Public Company Limited at the meeting 1/2002 held on 25th March 2002 passed the following resolutions :- 1. To pay dividend of 2001 operating year to shareholders totaling 16,601,500 shares, at Baht 2.75 per share. The company has already paid interim dividend of Baht 1.25 per share on 20th December 2001 for the results of operation for the first haft of 2001, and the remaining dividend Baht 1.50 per share will be paid on 15th May 2002. 2. Approved the company to amend the par value from Baht 10 (ten Baht) per share to Baht 1 (one Baht) per share. 2/ - 2 - 3. Approved the amendment to Clause 4 of the Company's Memorandum of Association to conform to the new par value of the shares as follows "Clause 4 The registered capital is Baht 250,000,000 (two hundred and fifty million Baht) Divided into 250,000,000 shares (two hundred and fifty million shares) With a par value of Baht 1 (one Baht) each Consisting of Ordinary shares 250,000,000 shares (two hundred and fifty million shares) Preference shares - None - shares ( - None - )" 4. Approved the amendment to the first paragraph of Article 4 of the Company's Articles of Association, regarding the par value of the shares, as follows; "Article 4 The shares of the Company are ordinary shares, with a par value of Baht 1 (one Baht) each." In this regard, the other paragraphs under Article 4 shall remain unchanged. 5. That an ordinary general meeting of shareholders Year 2002 should be held on 29th April 2002 at 15.00 hrs. at Saithip Room, 3nd Floor, the Imperial Queen's Park Hotel, 199 Sukhumvit 22, Bangkok, having the following Agenda for consideration: 3/ - 3 - . 5.1 Approval of the minutes of the Ordinary General Meeting of Shareholders for the Year 2001. . 5.2 The board of directors report for the Year 2001. 5.3 Approval of the company's Balance Sheet and the Income Statement as of December 31, 2001 already audited by the External Auditors. 5.4 Consider the allocation of net profit for Legal Reserves, General Reserves, and dividend payment for the Year 2001' s operational results. 5.5 Appoint new directors to succeed those completing their terms, 5.6 Appoint external auditors and approval of auditing fees for the Year 2002. 5.7 To consider and approve the change in the par value of the Company's shares from Baht 10 (ten Baht) per share to Baht 1 (one Baht) per share. 5.8 To consider and approve the amendment to Clause 4 of the Company's Memorandum of Association to conform to the new par value of shares. 5.9 To consider and approve the amendment to Article 4 of the Company's Articles of Association, regarding the par value of shares. 5.10 To consider other issues (if any) 4/ - 4 - 6. That the date for closing the company share register for the right to receive the dividend and to attend the ordinary general meeting of shareholders forthe Year2002 will be on April 9, 2002 at 12.00 p.m. until the meeting comes to the end. Yours faithfully For Haad Thip Public Company Limited Sec.Lt. (Phairoch Rattakul) Managing Director Office of the Managing Director Tel. (02) 392-9984-5 Ext.108