The President The Stock Exchange of Thailand 62 Ratchadapisek Road, Klong Toey, Bangkok 10110 Tel : 229-2000, 654-5656 Fax : 654-5649 May 25, 1998 Dear Sir, Appointment of New Chairman The board of directors of Haad Thip Public Company Limmited at a meeting 3/1998 held on May 25, 1998 has approved the appointment of General Charan Kullavanijaya as Chairman of the Board to replace HRH Princess Sudhasirisobha who had passed away. This appointment is effective as of 25 th of May 1998 onwards. Yours sincerely, Sec.Lt. (Phairoch Rattakul) Managing Director PR/sb