Retirement of President and Appointment of President

543/2008 October 31, 2008 To Director and Managing Director The Stock Exchange of Thailand Retirement of President and Appointment of President The Board of directors' meeting of Phatra Leasing Public Company Limited No. 7/2551 held on October 31, 2008 has resolved the following significant matters: 1. Mr. Krirkchai Siribhakdi, President, will retire from the President on December 31,2008. The Meeting passed a resolution to appoint Mr. Krirkchai Siribhakdi to be the Director and the Advisor to President, with effect form January 1, 2009 2. The Meeting passed a resolution to appoint Mr. Pipop Kunasol, the First Senior Vice President, to be the President, with effect form January 1, 2009 replacing Mr.Krirkchai Siribhakdi Please be informed accordingly Yours sincerely Mrs Thipsuda Kuenkong First Senior Vice President and Company Secretary