March 21, 2006 The President The Stock Exchange of Thailand Dear Sir, Dividend Payment and Annual General Meeting of Shareholders The Board of Directors of Haad Thip Public Company Limited at the meeting 1/2006 held on March 21, 2006 passed the following resolutions:- 1.To pay dividend of 2005 operating year to shareholders totaling 166,015,000 shares,at Baht 0.10 per share. Payment of dividends will be made on May 15th 2006 2.To appoint Miss Smornluk Mahasmiti as new Board Member of the Board of Directors replacing Pol.Lt.Gen Koson Limpichart who has resigned. Miss Smornluk Mahasmiti will hold the service for the remaining term of Pol.Lt.Gen Koson Limpichart. 3.Appointment of Mr.Martin Jansen as new Board Member of the Board of Directors. 4.To reappoint Gen.Charan Kullavanijaya, Mr.Prakit Pradipasen, Mr.Yanyong Maethapanich, and Col.Patchara Rattakul as Board Members for another term. 5.To appoint Miss Kalyarat Chaivorapongsa, registration No.3460 or Mr.Charoen Phosamritlert, registration No.4068 or Mr.Vichien Thamtrakul, registration No.3183 of KPMG Phoomchai Audit Ltd. as the Company's Auditor for the year 2006 with the audit fee of 800,000.00 Baht per annum. 6.That an Ordinary General Meeting of shareholders Year 2006 be held on 24th April 2006 at 14.30 p.m. at Amarin Room, Floor M, Grand Hyatt Erawan Bangkok, 494 Rajdamri Road, Bangkok, with the following Agenda for consideration : 6.1 Approval of the minutes of the Extraordinary Shareholders Meeting No.1/2005. 6.2 The Board of Director's Report for the Year 2005 6.3 Approval of the Company's Balance Sheet and Income Statement as of December 31, 2005 as already audited by the External Auditors. 6.4 Approval of dividend payment for the year 2005's operational results. 6.5 Appoint new directors to succeed those completing their terms. 6.6 Appoint External Auditors and approval of auditing fees for the Year 2006 6.7 Other issues (if any). 7.The date for closing the Company Share Register for the right to attend the Ordinary General Meeting of shareholders for the Year 2006 and to receive the dividend will be April 5, 2006 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. 0-2391-4488 Ext. 108