[Translation] Ref. PDI.B.02.16/2000 20 March 2000 To : President The Stock Exchange of Thailand Re.: Resolutions of the board of directors meeting, No. 4/2000 The board of directors of Padaeng Industry Public Company Limited at its meeting, No. 4/2000 on 20 March 2000 has adopted the following resolutions: 1. Approved to propose Deloitte Touche Tohmatsu Jaiyos Co., Ltd. as the companys auditors for the year 2000 as well as the audit fees for the shareholders approval. 2. Approved to grant exclusivity to one prospected investor for negotiation of private placement of the remaining new share subscription (75.10 million shares amounted to 33.23 percent of the total shares) and specified that the negotiation process to be finished within a month to be presented to the board for consideration. Please be notified accordingly. Yours truly, - Signature - (Pinit Vongmasa) President & CEO Board Secretary Division Tel. 661 9900 Ext. 230, 232 Translated by Surin Tanticharoenkiat: Acting Board Secretary