ข่าวแจ้งตลาดหลักทรัพย์

TRANSLATION 1000/099/2006 April 18, 2006 Subject : Report on the resolutions of the 2006 Annual General Meeting Attention : President of The Stock Exchange of Thailand The Bangchak Petroleum Public Company Limited wishes to hereby report the resolutions of the 2006 Annual General Meeting, held on 18 April 2006, at 13.30 hours, at Main Conference Room, BCP's Head Office, 210 Sukhumvit 64, Phrakanong, Bangkok, 10260, as follows: 1. The Meeting resolved to adopt the minutes of the Extraordinary General Meeting No. 1/2005. 2. The Meeting acknowledged the Board of Directors' report on the Company's Operating Performance in the year 2005. 3. The Meeting resolved to approve the Audited Balance Sheets and the Statements of Income for the year ended December 31, 2005. 4. The Meeting resolved to approve the Appropriation of Profit for the year 2005 in the amount of Baht 66,450,000 as a legal reserve and also approved Distribution of Dividend from the operating results of the fiscal year 2005 to the shareholders, whose names appear on the share register as of March 29, 2006 at 12.00 hours, at Baht 0.30 per share, amounted to Baht 206,244,572. The Dividend will be distributed to the shareholders on May 17, 2006. 5. The Meeting resolved to re-appoint the three Directors who retired by rotation namely; Mr. Chai-anan Samudavanija, Mr. Apisit Rujikeatkamjorn, and Mr. Sayan Satangmongkol, to serve the Company as Directors for another term and also resolved to appoint the following 2 directors to act as new Directors of the Company. 1) Mr. Nares Sattayarak Current Position: Inspector-General of Ministry of Energy 2) Miss. Pranom Kowinwipat Current Position:Director and Audit Committee member of Metropolitan Electricity Authority (MEA) Therefore, the Board of Directors, after the election, is consists of 12 members as follows: 1) General Tawat Ked-Unkoon (Independent Director) 2) Mr. Chai-anan Samudavanija (Independent Director) 3) Mr. Anusorn Tamajai (Independent Director) 4) Mr. Nipon Surapongrukchareon (Independent Director) 5) Mr. Wirat Iam-Ua-Yut (Independent Director) 6) Miss.Pranom Kowinwipat (Independent Director) 7) Mr. Nares Sattayarak 8) Miss Chularat Suteethorn 9) Mr. Apisit Rujikeatkamjorn 10) Mr. Pichai Chunhavajira 11) Mr. Sayan Satangmongkol 12) Mr. Anusorn Sangnimnuan President and Secretary to Board of Directors 6. The Meeting acknowledged Directors' Remuneration that the Board shall receive remuneration in the same rate as resolved by the shareholders' meeting in the year 2004. Such rate of remuneration shall be used and remained for further until the shareholders resolved to amend. The Board of Directors' remuneration is as follows: 1) Monthly Remuneration and Meeting Allowance The Board of Directors - Monthly Remuneration 10,000 Baht/person/month - Meeting Allowance 20,000 Baht/person/time (Only for attending Directors) The Sub-Committees 1) The Audit Committee - Monthly Remuneration 10,000 Baht/person/month - Meeting Allowance 5,000 Baht/person/time (Only for attending Directors) 2) The Nomination and Remuneration Committee - Monthly Remuneration -None- - Meeting Allowance 10,000 Baht/person/time (Only for attending Directors) 3) Other Sub-Committees The determination of the monthly remuneration and meeting allowance of other Sub-Committees, which was appointed by the Board of Directors, depended on the consideration of the Board of Directors by concerning on the appropriateness and relevant of their responsibilities. Moreover, the Chairman of the Board of Directors and the Chairman of the Sub-Committees shall receive monthly remuneration and meeting allowances higher than that of director members by 25 percent, whilst the Vice Chairman of the Board of Directors shall receive monthly remuneration and meeting allowances higher than that of director members by 12.5 percent. 2) Bonus Bonus for the Board of Directors shall be determined and paid at the rate 1.5 percent of net profit, but not over 9,000,000 Baht/year for all directors. Moreover, the Chairman and Vice Chairman shall receive the bonus higher than that of director members by 25 percent and 12.5 percent respectively. 7.The Meeting resolved to appoint Mrs. Kesree Narongdej or Mrs. Natsarak Sarochanunjeen, Certified Public Accountants, Registration Number 76 and Number 4563 respectively, A.M.T. & Associates as the Company's Auditor for the year 2006 and to approve the Auditor's Remuneration in the rate of not more than Baht 1,100,000, as same as that of the last year. 8.Other Business -None- Please be informed accordingly. Yours sincerely, -signed- (Anusorn Sangnimnuan) President Office of the Secretary to Board of Directors Tel: 0-2335-4584