THE RESIGNATION OF DIRECTOR

1897/2542 October 8, 1999 The Managing Director The Stock Exchange of Thailand The Resignation of Director Phatra Leasing Public Company Limited would like to inform you that we received letters from Mr.Vasant Chariyatantiwate to resign as Director on October 6 1999 , due to his vast responsibilities and lack of time to manage effectively . This resignation is effective as of October 1,1999. Yours Sincerely Krirkchai Siribhakdi President