REPORT ON THE BOARD OF DIRECTORS

2026/2542 December 22.1999 The Managing Director The Stock Exchange of Thailand REPORT ON THE BOARD OF DIRECTORS The board of directors of Phatra Leasing Public Company Limited at a meeting 7/1999 held on 22 December 1999 passed the following resolutions: 1. That the date for closing the company share register for the right to attend the meeting and for the right to receive the dividend will be on 6 January 2000 at 12.30 p.m. until the meeting will close. 2. That an ordinary general meeting of shareholders 1999 should be held on 24 January 1999 at 10.30 a.m. at Charenkung Room , Muangthai Life insurance Assemble Hall , Rachadaphisek Road , Huaykwang Bangkok 10320.That the agenda for meeting will: Agenda 1 Certify the minutes of the extraordinary meeting of shareholders 1/1999 Agenda 2 To consider and certify the directors' report concerning the operating business for the year 1999. Agenda 3 Approve the company's financial statements as at September 30,1999. Agenda 4 Consider the allocation of net profit for legal reserves for 1999's operation results. Agenda 5 Consider the allocation of dividend payments for 1999's operation results. Agenda 6 Appoint new directors to succeed those completing their terms. Agenda 7 Appoint an auditor and fix the auditing fee for the year 2000. Agenda 8 Consider the directors' remuneration for the year 1999. Agenda 9 Consider other issues (if any) 3. That the annual dividend payment for the operation for the year 1999 will be Bt. 0.75 per share and will be paid to shareholders on Febuary 4, 2000. Krirkchai Siribhakdi President