[Translation] Ref. PDI/BK-02-027/2003 22 April 2003 To : President The Stock Exchange of Thailand Re. : Notification of resolutions of the 2003 Ordinary Shareholders' Meeting This is to notify the SET that the 2003 Ordinary Shareholders' Meeting of Padaeng Industry Public Company Limited, held on 22 April 2003, has resolved the following: 1. Noted the company's performance result and the board of directors' report for the year 2002. 2. Approved the audited balance sheets and profit and loss statements for the year ended 31 December 2002. 3. Approved that no dividend will be paid out for 2002. 4. Acknowledged 4 board members who retired by rotation namely Mr. Paron Israsena, Dr. Jean-Luc Deleersnyder, Mr. Ander R. van der Heyden and Mrs. Naengnoi Na Ranong and unanimously approved to re-elect them as directors for another term. 5. Approved that there will be no bonus payment to the board members for 2002. 6. Approved appointment of Mr. Suchart Luengsuraswat and/or Ms. Somsri Dhanyacheevee and/or Ms. Wimon Chiamchittrong and/or Mrs. Anothai Lekitwattana Certified Public Accountant (Thailand) No. 2807, 1905, 3365 and 3442 of PricewaterhouseCoopers ABAS Limited as the Company's auditors for the year 2003. The 2003 audit fee for the company is Bt3,135,000. The said fee does not include other necessary expenses to be actually incurred. Please be notified accordingly. Yours truly, - Signature - (Pinit Vongmasa) Chief Executive Officer Board Secretary Division Tel. 0 2661 9900 Ext. 1402, 1501 Fax 0 2661 9946 (Translated by Dr. Surin Tanticharoenkiat: Board Secretary) Page 1 of 1