[Translation] Ref. PDI.B.02.47/99 29 April 1999 To : President The Stock Exchange of Thailand Re. : Notification of resolutions of the 1999 ordinary shareholders meeting This is to notify the SET that the 1999 ordinary shareholders meeting of Padaeng Industry Limited, held on 29 April 1999, has resolved the following : 1. Ratified (a) write-offs on investment, other asset and expenses; allowances for investment, loans, accrued account receivables and expenses; provisions for loan guarantee and expenses as well as loss on assets write-down with respect to a total of 9 subsidiary, associated and other companies; and (b) the write-off of the companys exploration expense in Vietnam amounting to Bt30.01m in a total amount of Bt3,203.47m. 2. Noted the companys performance result and the board of directors report for the year 1998. 3. Approved the audited balance sheets and profit and loss statements for the year ended 31 December 1998. 4. Acknowledged 3 board members who retired by rotation, namely Mr. Kosit Panpiemras, Dr. Vuthiphong Priebjrivat (Independent and audit committee member) and Dr. Areepong Bhoocha-Oom, and unanimously approved to re-elect them as directors for another term. It was also acknowledged an amendment to the power of directors in line with the termination of the executive committee, and appointment of the audit committee from 1 January 1999 onwards. 5. Approved annual remunerations to the independent directors at Bt200,000 each, and to the audit committee members at Bt200,000 each. The director fees remain unchanged, and there is no bonus payment to the directors for the year 1998. . . . / 2 2 6. Approved appointment of Prof. Toemsakdi Krishnamra and/or Dr. Suphamit Techamontrikul and/or Mrs. Nachalee Boonyakarnkul, Certified Public Account ant Registration Nos. 1106, 3356 and 3326 respectively of Deloitte Touche Tohmatsu Jaiyos Co., Ltd. as the companys auditors for the year 1999, and the aggregate audit fee totalling. Bt925,000 per year as well as other necessary expenses relating to the auditing works. Yours truly, - Signature - (Brett T. Lambert) President & CEO Board Secretary Division Tel. 661 9900 Ext. 230