[Translation] Ref. PDI.B.02.38/2002 15 May 2002 To : President The Stock Exchange of Thailand Re. : Resolutions of the board of directors' meeting, No. 03-2002 The board of directors of Padaeng Industry Public Company Limited at its meeting, No. 03-2002 on 15 May 2002 has adopted the resolutions to appoint Mrs. Naengnoi Na Ranong as new director replacing the post left vacant by Mr. Areepong Bhoocha-oom for the remaining of Mr. Areepong's term, effective on 15 May 2002 onwards. Please be notified accordingly. Yours truly, - Signature - (Pinit Vongmasa) Chief Executive Officer Board Secretary Division Tel. 02 661 9900 Ext. 1402, 1501 (Translated by Dr. Surin Tanticharoenkiat) Page 1 of 1