March 25, 1999 The President The Stock Exchange of Thailand 62 Ratchadapisek Road Klong Toey, Bangkok 10110 Dear Sir, Resolutions of the Board of Haad Thip Public Company Limited at the Meeting 1/1999 The board of directors of Haad Thip Public Company Limited at the meeting 1/1999 held on 25th March 1999 from 16.30 hrs to 18.00 hrs. passed the following resolutions : 1. To pay dividend of 1998 operating year to shareholders as of 25th March totalling 16,601,500 shares, at Baht 2.50 per share. The company has already paid interim dividend of Baht 1.50 per share on 30th September 1998 for the results of operating period from 1st January to 30th June 1998 and the remaining dividend Baht 1.00 per share will be paid on 17th May 1999. ....2/ 2. That an ordinary general meeting of shareholders 21/1999 should be held on Friday 30th April 1999 at 14.00 hrs. at the Imperial Queens Park Hotel, 199 Sukhumvit 22, Bangkok. 3. That the date for closing the company share register for the right to receive the dividend and to attend the meeting will be on Friday 9th April 1999 at 12.00 hrs. until Friday 30th April 1999 . Yours faithfully, for Haad Thip PLC. Sec.lt. (Phairoch Rattakul) Managing Director Office of the Managing Director Tel. 392-9984-5 Ext. 108