SET Announcements

1600 / 018 / 2001 April 18, 2001 The Stock Exchange of Thailand 62, Ratchadapisek Road, Klongtoey Bangkok 10110 Attention : President of The Stock Exchange of Thailand Subject : The 2001 Annual General Shareholders Meeting Resolutions. Dear sir , As The Bangchak Petroleum Public Company Limited holded its 2001 Annual General Shareholders Meeting on April 18, 2001 at 1.00 p.m., at the Meeting Room of Building 4, Bangchak Refinery, 210 Sukhumvit 64 Road, Phrakanong, Bangkok.We wish to inform the resolutions of this meeting as follow : 1. Certify the Minutes of the 2000 Annual General Shareholders Meeting. 2. Acknowledge the Report on Company's operating performance in 2000. 3. Approve the Balance Sheet, the Statement of Income and Auditors' Report for the year ended December 31, 2000. 4. Due to the company had a loss in Retained Earnings after having deducted the loss on foreign exchange and other deductions, no dividend will be paid this year. 5. Elected Mrs. Puntip Surathin, Mr. Pichai Chunhavajira and Mr. Anan Nadtasomboon to be directors. 6. Appoint the Office of the Auditor General as the Company's auditors for the fiscal year 2001 and fix its remuneration in the amount of Baht 800,000 per annum. 7. Approve the amendment of Clause 9 of the Company's objective by adding the following wordings to the end of Clause (9) : "Clause (9) To negotiate, to guarantee and to enter into any legal agreement with the government, government agencies and government organizations.., which shall be for the benefit of the Company's business operations. This includes to place bail and bond to guarantee the accused or the defendants of legal proceedings at the stages of official investigation, the public prosecutor examination and in the court of justice." 8. Approve the company's issuance of non-subordinated debentures, secured and unsecured, with maturity not exceeding 10 years in Baht currency and/or foreign currency equivalent to not over Baht 6,000 million. (If within this amount, short term debentures of not over 270 days are issued and later redeemed, it is permitted that new short-term debentures can be re-issued). The debentures are to be offered to the general public and/or as private placement and/or to foreign institution investors. The sale of such instrument can either be in one lot or in partial amounts and can be made domestically or in foreign countries. The conditions and details of debentures will be in the discretion of the Board of Directors to set forth, as deemed appropriate to the situation of the prevailing financial market. Please be informed accordingly. Yours sincerely, (Mr. Pisespong Sasanavin) Manager, Corporate Planning Office Corporate Planning Office Tel : 301-2842