[Translation] Ref. PDI.B.02.39/2000 12 May 2000 To: President The Stock Exchange of Thailand Re.: Resolution of the board of directors meeting, No. 6/2000 The board of directors of Padaeng Industry Public Company Limited at its meeting, No. 6/2000 on 12 May 2000 has adopted the following resolutions: 1. Approved the entering into the Share Subscription Agreement with Union Miniere S.A. (UM) and the Escrow Agreement with the Escrow Agent for retention of the share subscription fund before releasing it to the company according to the Share Subscription Agreement. 2. Approved the allotment of the remaining 75,100,007 ordinary shares for capital increase of the Company to offer for sale to UM at the price of 13.50 Baht per share, totaling 1,013,850,094.50 Baht. 3. Approved the entering into the Second Override Amendment Agreement which would amend the repayment schedule of debt to be in line with Share Subscription Agreement mentioned above. 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