[Translation] Ref. PDI.B.02.78/2000 15 August 2000 To: President The Stock Exchange of Thailand Re.: Resolution of the board of directors' meeting, No. 8/2000 The board of directors of Padaeng Industry Public Company Limited at its meeting, No. 8/2000 on 15 August 2000 has adopted the resolution to ratify the signing of the Subscription Amendment Agreement on July 14, 2000 between Padaeng Industry Public Company Limited and Union Miniere s.a.. The main issues of the Subscription Amendment Agreement are the agreement on conducting additional studies, setting up the overall remediation program for the dykes of the waste ponds at Tak and indemnifying Union Miniere s.a. of any cost incurred by Padaeng above the threshold of 1 million USD as a result of the implementation of the remediation program. Please be notified accordingly. Yours truly, - Signature - (Surin Tanticharoenkiat) Acting Board Secretary Board Secretary Division Tel. 661 9900 Ext. 1501, 1402 Translated by Surin Tanticharoenkiat: Acting Board Secretary