[Translation] Ref. PDI.B.02.35/2000 9 May 2000 To : President The Stock Exchange of Thailand Re. : Clarification of news in relation to new investor to buy PDI shares @ 14 Bt/share We refer to an article appeared in Stock Wave Newspapers on 9 May 2000 stating that there is a company in mining industry in Europe interested in buying Padaengs new share subscription (75.1 million shares @ 14 Bt. per share). Please be clarified that we have never released such information to Stock Wave newspapers. At the same time we would like to confirm the content of information contained in the second issue of the letter to SET dated 20 March 2000 informing the resolutions of the board of directors meeting No. 04/2000 as per the attachment. The result of the negotiation for the new share subscription is now in the process of submitting to the board for final decision. Please be notified accordingly. Yours truly, -Signature - (Mr. Surin Tanticharoenkiat) Assistant Vice President - Internal Audit Acting Board Secretary Board Secretary Division Tel. 661 9900 Ext. 1501, 1402 Translated by Surin Tanticharoenkiat: Acting Board Secretary Attachment [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