SET Announcements

1600 / 062 / 2003 April 24, 2003 The Stock Exchange of Thailand 62, Ratchadapisek Road, Klongtoey Bangkok 10110 Attention : President of The Stock Exchange of Thailand Subject : The 2003 General Shareholders' Meeting Resolutions Dear sir , As The Bangchak Petroleum Public Company Limited held its 2003 General Shareholders' Meeting on Thursday, April 24, 2003 at 1:30 p.m. at the Meeting Room of Bangchak's Head Office, 210 Sukhumvit 64 Road, Phrakanong, Bangkok, we wish to inform the resolutions of this meeting as follow : 1.Certify the minutes of the 2002 General Shareholders' Meeting. 2.Acknowledge the Report on the Company's operating performance in 2002. 3.Approve the Balance Sheets and the Statements of Income for the year ended December 31, 2002 and the Auditor's Report. 4.Approve that there should not be any payment of dividend for the fiscal year 2002 as the Company had an accumulated loss in retained earnings. 5.Elect 1. Mr.Prasert Bunsumpun 2. Mr.Sayan Satangmongkol 3. Mr.Narong Boonyasaquan 4. Mr.Chaianan Smutawanij 5. Mr.Thongpop Polchan to be the Company's Directors. The first three Directors in the above name list are Directors who retired upon the expiration of their terms of office and were re-elected to continue another term. To complete the Board of Directors' void, the rest two Directors were elected. As a result, the Board of Directors will be composed of 11 directors. In addition, the Shareholders' Meeting approves the remuneration for the Directors at the rates that are in accordance with those stipulated by the Cabinet for state enterprises as in the past. 6.Appoint the Office of the Auditor General as the Company's Auditor for the fiscal year 2003 by fixing the Auditor's remuneration at the same rate (Baht 800,000 per year) as last year. Please be informed accordingly. Yours sincerely, (Kiatchai Maitriwong) Assistant Vice President, Corporate Planning Office Corporate Planning Office Tel: 0-2335-4583