SET Announcements

1600/045/2001 July 23rd, 2001 The Stock Exchange of Thailand. 62, Ratchadapisek Road, Klongtoey, Bangkok 10110. Attention : Vice President of the Listing Department Subject : Report on the Board of Directors Resolutions for the Extraordinary Shareholders Meeting No.1/2001 Dear sir, The Bangchak Petroleum Public Company Limited would like to report on the Board of Directors Resolutions in the meeting No.8/2001 that the Extraordinary Shareholders Meeting No.1/2001 will be held on August 24, 2001 to consider the agenda for the meeting as follows: 1. To consider and adopt the Minutes of the 2001 Annual General Shareholders Meeting. Board of Directors' view: The Board of Directors proposes the Meeting to adopt the Minutes of the 2001 Annual General Shareholders Meeting 2. To consider and appoint the Managing Director. Board of Directors' view: The Board of Directors proposes the Meeting to consider and appoint the Managing Director according to the Company' s Articles of Association. 3. Amendment of two issues in article 18 of the Company' s Articles of Association. Which are (1) The appointment of the Managing Director without the approval from the shareholder meeting (2) The Board of Directors will appoint the secretary of the Board of Directors without the requirement that such person must be the Managing Director. The amended paragraphs in article 18 are shown below: " The Board of Directors consists of not less than 5 and not exceed 11 directors. Not less than half of the directors must live in the country. All Directors must have qualifications under the law. The Managing Director must be the Director " Board of Directors' view: The Board of Directors proposes the Meeting to consider and amend item eighteenth of the Company' s Articles of Association in accordance with above paragraphs. Therefore, the date for closing the Company share register for the right to attend the Extraordinary Shareholders Meeting No.1/2001 will be on August 8th, 2001 at 12.00 a.m. until the meeting will finish. Please be informed accordingly. Yours sincerely, (Mr. Krietchai Mitreewong) Senior Manager, Corporate Planning Office Corporate Planning Office Tel : 301-2842