March 17, 2004 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 1/2004 held on 17th March 2004 passed the following resolutions:- 1. To pay dividend of 2003 operating year to shareholders totaling 166,015,000 shares, at Baht 0.235 per shares. The company has already paid interim dividend of Baht 0.125 per share on 30th September 2003 for the results of operation for the first haft of 2003, and the remaining dividend Baht 0.11 per share will be paid on 17th May 2004. 2. Resignation of Board Member, Mr.Chalit Limchitti, was accepted and approved. 3. Aappointment of Col.Patchara Rattakul as a Member of the Board of Directors. 4. Approved an amendment of the Company's Articles of Association concerning the execution of connected transactions, and the purchase of treasury stock. 5. That an Ordinary General Meeting of shareholders Year 2004 should be held on 26th April 2004 at 14.30 hrs. at Saithip Room, 3rd Floor, the Imperial Queen's Park Hotel, 199 Sukhumvit 22, Bangkok, with the following Agenda for consideration : 5.1 Approval of the minutes of the Ordinary General Meeting of Shareholders for the Year 2003. 5.2 The Board of Director's Report for the Year 2003. 5.3 Approval of the company's Balance Sheet and Income Statement as of December 31, 2003 as already audited by the External Auditors. 5.4 Approval of dividend payment for the year 2003's operational results. 5.5 Appoint new directors to succeed those completing their terms and approval of directors' fees. 5.6 Appoint External Auditors and approval of auditing fees for the Year 2004. 5.7 Approval of an amendment of the Company's Articles of Association concerning the execution of connected transactions, and the purchase of treasury stock. 5.8 To consider other issues (if any) - 2 - 6. The date for closing the Company Share Register for the right to attend the Ordinary General Meeting of shareholders for the Year 2004 and to receive the dividend will be April 5, 2004 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) 391-0108 Ext.108