The President The Stock Exchange of Thailand 62 Rachadapisek Road, Klong Toey, Bangkok 10110 Tel : 229-2000, 654-5656 Fax : 654-5649 April 26, 2000 Dear Sir, REPORTS ON RESOLUTIONS ORDINARY SHAREHOLDERS' MEETING FOR THE YEAR 2000 Resolutions were made on a Shareholders' Ordinary Meeting on April 26, 2000 held from 14.00 hrs.to 15.00 hrs.at the Queen's Park Room 4 on the 2nd floor of the Imperial Queen's Park Hotel, Bangkok. The resolutions are as follows : 1. To certify the minutes made at an Ordinary Shareholders' Meeting for the Year 1999 which was held on the April 30, 1999. 2. Report on the Company's business results for the Year 1999. 3. Approve the Balance Sheet and Profit and Loss Account for the period ended December 31, 1999 after they have been audited. 4. Approve the allocation of net profit and dividends of the Year 1999 as follows :- 4.1 To allocate 5 per cent of the profit for Legal Reserves which comes to an amount of 1,750,784.00 Baht (One million,seven hundred fifty thousand,seven hundred and eighty four Baht) 4.2 To pay dividends of 2.00 Baht ( Two Baht ) per share, of which an interim payment had been made on January 18, 2000 at 1.00 Baht (One Baht ) per share. The remaining dividends of 1.00 Baht ( One Baht) per share is to be paid on May 15, 2000. 5. To appoint directors and approve their remuneration for the Year 2000 : 5.1 The directors whose tenure have ended are as follows : 1. Mr.Prakit Pradipasen 2. Mr.Chalit Limchitti 3. Mr.Chatchur Karnasuta 4. M.L.Anuporn Kasemsant 5. Mr.Yanyong Maethapanich 5.2 The directors being re-appointed are as follows : 1. Mr.Prakit Pradipasen 2. Mr.Chalit Limchitti 3. Mr.Chatchur Karnasuta 4. M.L.Anuporn Kasemsant 5. Mr.Yanyong Maethapanich ...2/ - 2 - The members of the new Board of Directors are : 1. Gen.Charan Kullavanijaya Chairman 2. Sec.Lt.Phairoch Rattakul Managing Director 3. Mr.Prakit Pradipasen Independent Director, Auditing Committee Chairman 4. Pol.Lt.Gen. Kosol Limpichart Independent Director 5. Mr.Sang Wongprecha Auditing Director 6. Mr.Yanyong Maethapanich Auditing Director 7. Pol.Maj.Gen.Chamtoon Savasdi-Xuto Director 8. Mrs.Yupares Thiengtham Director 9. Mr.Chatchur Karnasuta Director 10. Ms.Smornluk Mahasmiti Director 11. Mr.Chalit Limchitti Director 12. Ms.Osarit Amartayakul Director 13. Mrs.Pariya Chirabandhu Director 14. M.L.Anuporn Kasemsant Director 5.3 Approve remuneration for Board of Directors : 1.Directors'meeting allowance 6,000.00 Baht (Six thousand Baht) per meeting /per director 2.Total directors'fee 200,000.00 Baht (Two hundred thousand Baht) per year 3.Audit committee's fee 80,000 Baht (Eighty thousand Baht) per year 6. To appoint auditors and fix audit fees for the period ending December 31, 2000 as follows : 6.1 Mr.Vichien Thamtrakul,Registration No.3183 and/or Ms.Chitsina Chumnanvanichkul,Registration No.3377 of SGV-Na Thalang & Co.,Ltd. 6.2 Approve the regular audit fee for the Year ending December 31, 2000 an amount of 550,000.00 Baht (Five hundred and fifty thousand Baht) 7. Other issues - none - Yours faithfully, for Haad Thip PLC. Sec.Lt. (Phairoch Rattakul) Managing Director Office of the Managing Director Tel. 392-9984-5 Ext. 108