Padaeng Industry Plc (PDI) reported its 8/1996 Board of Directors' meeting resolution held in September 24, 1996 as follows: The company promised to make a letter of guarantee for the Bt100 million loan to Padeang Pungsan Metals Plc, its subsidiary, and Asia Thanakit Plc in September 11, 1996. The transaction is related to the SET's bulletin concerning concept, procedures, and the disclosure of the related transaction of the listed companies no.9 Memorandum concerning the related transactions of the listed companies. 1. Date of transaction and related companies. The 8/1996 Board of Directors' meeting held in September 24, 1996 resolved to make a loan letter of guarantee to Padeang Pungsan Metals Ltd and Asia Thanakit Plc in September 11, 1996. 2. Characteristics of the transaction, conditions, interest. Loan: Bt100 million Borrower: Padeang Pungsan Metals Ltd (PPM) Loaner: Asia Thanakit Plc Guaranteed by: Padeang Industry Plc (PDI) Loan document: Short-term promisory note Term of payment: 1 year 3. PDI's business characteristic and stake holding: Padaeng Pungsan is the producer of copper and brass sheet, coin, casing. PDI holds 61.98% stake in PPM. 4. Committees, executives, related persons as of September 11, 1996. Name Position Position in PPM 1. Mr Theerachai Riensubdee Managing Director Director and acting. 2. Mr Sathien Niltawat Vice managing Director Executive director 3. Mr Treepol Riebroycharoen Vice Managing Director Vice Manager 5. Characteristics and the extent of gain/loss of related person: none 6. Objective of guarantee: To financially support PPM whose stocks held mostly by PDI which has the authority to control and manage its subsidiary. The above transaction falls to no.9(2) of SET's bulletin concerning concepts, procedures, and related transactions of the listed companies. Added by the Nation