[Translation] Ref. PDI/BK-02-030/2005 26 April 2005 To : President The Stock Exchange of Thailand Re.:Notification of resolutions of the 2005 Ordinary Shareholders' Meeting This is to notify the SET that the 2005 Ordinary Shareholders' Meeting of Padaeng Industry Public Company Limited, held on 26 April 2005, has resolved the following: 1. Noted the companys' performance result and the board of directors' report for the year 2004. 2. Approved the audited balance sheets and profit and loss statements for the year ended 31 December 2004. 3. Approved that the 2004 net profit be appropriated to be the legal reserve Bt9,791,560 which is 5% of its net profit after accumulated deficit brought forward (in place of Bt11,081,477 as notified in the resolution of the Board Meeting No.01-2005 which is 5% of its net profit before accumulated deficit brought forward)and that the dividend payment for 2004 at 0.40 Baht per share be declared to the Shareholders totaling 226 million shares amounting to Bt90,400,000. The Companys' share transfer book will be closed for the right to receive the dividend on Monday 9 May 2005 at 12.00 hr. The dividend payment will be made on Wednesday 25 May 2005. 4. Acknowledged 4 board members who retired by rotation namely Mr. Kosit Panpiemras, Mr.Karel Vinck, Mr. Michel Moser and Mrs. Sirinuj Bisonyabut and unanimously approved re-election of Mr. Kosit Panpiemras, Mr. Karel Vinck and Mrs. Sirinuj Bisonyabut as directors for another term while the company is still in the process of selecting the fourth one for nomination. In addition, acknowledge to appoint Mrs. Sirinuj Bisonyabut and Mr. Bernard Tonnon as new directors replacing the post left vacant by Mrs. Naengnoi Na Ranong and Mr. Andre van der Heyden for the remaining term in accordance with Article 23 of the Companys' Articles of Association and acknowledge to reappoint 3 Audit Committee members namely Mr. Vinai Vamvanij Chairman of Audit Committee member, Mr. Aswin Kongsiri Audit Committee member and Mr. Paron Israsena Audit Committee member, who were due to retire by rotation at 31 December 2004, as the Audit Committee of the company for another term. 5. Approved the bonus payment for the year 2004 to the members of the Board of Directors as follows: 150,000 Baht for Chairman and 100,000 Baht for each Director for each director. The payment of directors' bonus will be on the pro rata basis for each director at the end of year 2004. 6. Approved the appointment of Mrs. Nattaporn Phan-Udom and/or Ms. Somsri Dhanyacheevee and/or Mrs. Anothai Lekitwattana Certified Public Accountant (Thailand) No. 3430, 1905 and 3442 of PricewaterhouseCoopers ABAS Limited as the Companys' auditors for the year 2005. The audit fee for the year 2005 is Bt3,950,000. Please be notified accordingly. Yours truly, - Signature - (Pinit Vongmasa) Chief Executive Officer Board Secretary Division Tel. 0 2661 9900 Ext. 1402, 1501 Fax 0 2661 9946