REAPPOINTS DIRECTORS, PRESIDENT & EXECUTIVE PRESIDENT

Padaeng Industry Plc (PDI) quoted the resolution made at its board of directors' meeting no.7/1996 held on December 19, 1996 as saying that it had reappointed Mr. Bodi Chunnanon and Mr. Kosit Panpiamrut to attain their former positions as directors (Mr. Bodi and Mr. Kosit has previously resigned to attain political positions since May 27 and September 27, 1996 respectively). The board also appointed Mr. Bodi as the president and Mr. Khosit as executive director. After they had been appointed to return to fill the vacancies, company determine their renewed authority in signatory as follows: "This is to authorise Mr. Bodi Chunnanon (president) or Mr.A-Sa Sarasin (executive president) or Mr. Theerachai Riansubdee (managing director) to solely sign along with appendage of the company's common seal or any two of other directors to co-sign along with appendage of the company's common seal."