SET Announcements

Sor Kor. 1041/2546 December 11, 2003. Subject : Inform the resolution passed by the Extraordinary Meeting of shareholder no. 2/2546. To : Director and Manager The Stock Exchange of Thailand Sikarin Public Co., Ltd. had the Extraordinary Meeting of shareholder no.2/2546 held on December 11, 2003 as we have informed The Stock Exchange of Thailand. According to the following agenda: 1.Approved report of the Extraordinary Meeting of shareholder No.1/2546 2.Approved share-purchase warrants to offer existing shareholders and register to The Stock Exchange of Thailand as the following conditions. Type of security: Share-purchase warrant of Sikarin Public Co., Ltd. no. 1, (SKR-W1) specification of share holders and negotiable. Period : 4 years since issue the Share-purchase warrant Amount : 40,000,000 Units (Forty million units) Offering : Allocation to the shareholders in registration Book on December 19,2003.Ratio of 5 ordinary shares per 2 Share- purchase warrant Offering Price : Baht 0 per unit Offering Period : after approved from The Office of the Securities and Exchange Commission and The Stock Exchange of Thailand Right Rate : 1 Share-purchase warrant get one right to buy 1 ordinary share Right Price : Baht 13.50 per share Right Period : every 3 months Right Condition : follow the rules of The Office of the Securities and Exchange Commission and The Stock Exchange of Thailand Secondary Market: The company will proceed the share-purchase warrant to be registered into The Stock Exchange of Thailand Registrar : Thailand Securities Depository Company Limited Therefore, The Board of Directors and/or assigned person to be the authorized person to be able to consider the condition and involving the share purchase warrant. With full authorized to appoint the financial consultant and related person including contract agreement and/or other documents with related person, and/or provide information and/or related document, to manage and/or application all of regulations, conditions and other details under concerned the rule and related law. 3.Approved increasing register capital from Baht 1,000,000,000 to Baht 1,400,000,000 by means of the issuance of 40,000,000 ordinary share with a par value of Baht 10. 4.Approved the amendment of Clause 4 on the Company 's Memorandum of Association,to be "Clause 4.The registered capital Baht 1,400,000,000 (One thousand four hundred million Baht) Comprised of 140,000,000 shares (One hundred forty million Baht) Having a per value of Baht 10 (Ten Baht) Divided into ordinary shares 140,000,000 shares (One hundred forty million shares) Preferred shares- 5.Approved the allocation of the increase ordinary share 40,000,000 shares at per value of Baht 10 each. Reservation for the exercise of warrants. Therefore, in case of share left over it must allocate by sell to for less than 35 particular investors and/or 17 category of institutional investor. Which the details of allocation such as conditions, time period, price and other conditions it will determine of The Board of Directors. 6.Approved the amendment of Clause total 20 to 22 by addition Clause 21 and Clause 22 on the Company's Articles of Association as follows :- Clause 21. Company may issue debenture or convertible debenture or preferred shares or warrant and include the other securities in accordance with the law that concern with assets. The Stock Exchange of Thailand can sell it to people. Also transformation of convertible debenture or preferred shares or warrant to be ordinary share can do under the present law. Clause 22. In case of company or sub-company agree to do concerning list or list about acquire or sell assets of company or sub-company, it has to follow rule and method announce by The Stock Exchange of Thailand. Please notify the member companies and investors as deemed necessary. Sincerely yours, ( Police Lieutenant General Jarak Sangtawip ) Chairman