REPORTS MEMORANDUM CONCERNING LOAN LETTER OF GUARANTEE

Padaeng Industry Plc (PDI) reported its 8/1996 Board of Directors' meeting resolution held in September 24, 1996 as follows: The company promised to make a letter of guarantee for the Bt100 million loan to Padeang Pungsan Metals Plc, its subsidiary, and Asia Thanakit Plc in September 11, 1996. The transaction is related to the SET's bulletin concerning concept, procedures, and the disclosure of the related transaction of the listed companies no.9 Translated by the Nation