CENTRAL PATTANA PUBLIC COMPANY LIMITED REPORTS ON SHAREHOLDERS RESOLUTIONS Central Pattana Public Company Limited would like to report on the resolutions made at a shareholders' ordinary meeting held on 21 April 1999. The details of the resolutions are as follows: 1.To certify the minutes made at an ordinary shareholders' meeting #1/1998 held on 29 April 1998. 2.To approve the annual report and directors' report for the year 1998. 3.To approve the balance sheet and profit/loss statements for the year ended 31 December 1998. 4.To allocate net profit for legal reserves : Bt 23,657,238 To pay dividends for 1998 at a Bt 1.00/share on 21 May 1999. The date for closing the company share register for the right to receive the dividend will be on 28 April 1999 at 12.00 pm. 5.To approve the issuance and offer for sale of debentures of which details are as follows: Type : Secured debentures and/or unsecured and un-subordinated debentures Amount : Bt 5,000 Million Redemption : not exceeding 10 years Offering : Private placement to not more than 35 investors and/or 17 types of investors according to the Notification of the Securities Exchange Commission Re:Rules,Conditions and Procedures for Applying for Approval or Approval of Newly Issued Debentures Dated 10 August 1994 Provided that Borad of Directors or person(s) designated by the Board shall be authorized to determine the type of debentures and size of debentures to be issued each time within the above mentioned total amount, details and other related conditions, including negotiation,entering into agreements, signing document and performing any act which is necessary and appropriate in connection with the issuance and offering for sale of the debentures. 6. To re-appoint the directors whose tenure has ended, as follows: 6.1 The directors whose tenure has ended are follows 1. Mr.Viroj Phutrakul 2. Mr.Kobchai Chirathivat 3. Mr.Suthiphand Chirathivat 4. Mr.Suthidej Chirathivat 6.2 The directors being re-appointed are as follows 1. Mr.Viroj Phutrakul 2. Mr.Kobchai Chirathivat 3. Mr.Suthiphand Chirathivat 4. Mr.Suthidej Chirathivat 6.3 To appoint new directors as follows: 1. Mr.Hiran Radeesri 2. Mr.Sompong Thanasophon In addition , Mr. Udane Tejapaibul resigned from the position of director, therefore, the Board of Directors appointed Miss Suwimon Chungjotikapisit to be the director to replace the vacant position. The members of the board of directors are: 1. Mr.Vanchai Chirathivat 8. Mr.Viroj Phutrakul 2. Mr.Anek Sithiprasasana 9. Mr.Sudhitham Chirathivat 3. Dr.Amorn Chandarasomboon 10. Dr.Suthiphan Chirathivat 4. Mr.Hiran Radeesri8. 11. Mr.Prin Chirathivat 5. Mr.Sompong Thanasophon 12. Mr.Kobchai Chirathivat 6. Mr.Tawee Nunpukdee 13. Mr.Suthidej Chirathivat 7. Mrs.Suchitra Mongkolkiti 14. Miss Suwimon Chungjotikapisit 6.4 The directors' remuneration for 1999 Bt 1,000,000 7. - To appiont the following persons as auditors for 1999 period Name CPA No. Auditing Firm 1.Mr.Suchart Luengsuraswat 2807 PricewaterhouseCoopers ABAS Co.,Ltd. 2.Mr.Soontorn Dentham 3340 PricewaterhouseCoopers ABAS Co.,Ltd. - The audit fee for 1999 Bt. 900,000 8. To appoint the Audit Committee as follows : 1. Mr.Amorn Chandarasomboon 2. Mr.Hiran Radeesri 3. Mr.Sompong Thanasophon ________________________________ Naris Cheyklin Secretary To The Board of Directors