March 3, 2005 The President The Stock Exchange of Thailand Dear Sir, Dividend Payment and Annual General Meeting of Shareholders The Board of Directors of Haad Thip Public Company Limited at the meeting 1/2005 held on 3nd March 2005 passed the following resolutions:- 1.To pay dividend of 2004 operating year to shareholders totaling 166,015,000 shares,at Baht 0.27 per shares.The company has already paid interim dividend of Baht 0.15 per share on 21th September 2004 for the results of operation for the first haft of 2004, and the remaining dividend Baht 0.12 per share will be paid on 21th April 2005. 2.To approve the appointment of Miss Lilly Manabhongse as a new Board Member of the Board of Directors replacing Mr.Sang Wongprecha and will hold the service for the remaining duration of the term of Mr.Sang Wongprecha 3.To reappoint Pol.Lt.Gen.Koson Limpichart, Pol.Maj.Gen.Chamtoon Svasti-Xuto,Miss Smornluk Mahasmiti and Mrs.Pariya Chirabandhu as Board Members for another term. 4.Name of Authorized Directors: Sec.Lt.Phairoch Rattakul,Managing Director,signature accompanied with the company seal or two out of four signatures from Miss Smornluk Mahasmiti, Miss Osarit Amartayakul,Mrs.Pariya Chirabandhu, Miss Lilly Manabhongse accompanied with the company seal. 5.To approve Directors' fees for attending meeting at Baht 8,000 per meeting. 6.To appoint Mr.Viroj Jindamaneepitak,Registration No.3565 and/or Mr.Vichien Thamtrakul, Registration No.3183 and/or Mr.Pisit Chiwaruangroch, Registration No.2803 and/or Ms.Tipsuda Chumnanvanichkul, Registration No.3377 of KPMG Phoomchai Audit Ltd.as the Company's Auditor for the year 2004 with the audit fee of 730,000.00 Baht per annum. 7.That an Ordinary General Meeting of shareholders Year 2005 be held on 30th March 2005 at 14.30 hrs.at Queen's Park 4 Room,2nd Floor,the Imperial Queen's Park Hotel,199 Sukhumvit 22,Bangkok,with the following Agenda for consideration : 7.1 Approval of the minutes of the Ordinary General Meeting of Shareholders for the Year 2004. 7.2 The Board of Director's Report for the Year 2004 7.3 Approval of the company's Balance Sheet and Income Statement as of December 31, 2004 as already audited by the External Auditors. 7.4 Approval of dividend payment for the year 2004's operational results 7.5 Appoint new directors to succeed those completing their terms and approval of directors' fees. 7.6 Appoint External Auditors and approval of auditing fees for the Year 2005. 7.7 To consider other issues (if any) 8.The date for closing the Company Share Register for the right to attend the Ordinary General Meeting of shareholders for the Year 2005 and to receive the dividend will be March 17, 2005 at 12.00 p.m. until the meeting comes to the end. Yours faithfully For Haad Thip Public Company Limited Sec.Lt. (Phairoch Rattakul) Managing Director Office of the Managing Director Tel. (02) 391-4488 Ext.108