[Translation] Ref. PDI.B.02.31/2000 24 April 2000 To: President The Stock Exchange of Thailand Re.: Resolution of the board of directors meeting, No. 5/2000 The board of directors of Padaeng Industry Public Company Limited at its meeting, No. 5/2000 on 24 April 2000 has resolved to approve the pursuit of court case against Padaeng Poongsan Metals Co. Ltd. for loan repayment in the amount of 1,272,709,972.86 Baht. The transaction will include the settlement that Padaeng Poongsan Metals Co. Ltd. agrees to the repayment of 24 monthly installments of at least 50,000,000 Baht per installment. Please be notified accordingly. Yours truly, - Signature - (Pinit Vongmasa) President & CEO Board Secretary Division Tel. 661 9900 Ext. 1501, 1402 Translated by Surin Tanticharoenkiat: Acting Board Secretary