THE ANNUAL DIVIDEND PAYMENT&GENERAL MEETING OF SHAREHOLDERS

0522/2545 December 17, 2002 The President The Stock Exchange of Thailand REPORT ON THE BOARD OF DIRECTORS The Board of directors' meeting of Phatra Leasing Public Company Limited No. 5/2002 held on December 17, 2002 has resolved the following significant matters: 1. The closing date of the company share register book for determining the right to attend the meeting and for the right to receive the dividend is as from 12.00 p.m. of January 10,2003 onward until the General Meeting of Shareholders 2003 is finished. 2. Approval was given to the convening of General Meeting of Shareholders 2003 on Friday January 31,2003 at 10.30 a.m. at Chareunkung Room , Muangthai Life Assurance Assemble Hall , Rachadaphisek Road , Huaykwang ,Bangkok 10320 , to consider the following agendas. Agenda 1 To considers adopting the Minutes of the General Meeting of Shareholders 2002 Agenda 2 The Board of Directors to report on year 2002 operation. Agenda 3 To consider approving the company's financial statements for the year ending September 30,2002. Agenda 4 To consider the allocation of net profit for legal reserves for 2002's operation results. Agenda 5 To consider the dividend payment for 2002's operation results. Agenda 6 To consider the election of directors to replace those retiring by rotation. Agenda 7 To consider the appointment and fixing of remuneration of the auditors. Agenda 8 To consider the directors' remuneration. Agenda 9 To consider other issues (if any) 3. To passed the resolution to shareholders approve the annual dividend payment for the operation of year 2002, Bt.2.00 per share and will pay on February 7, 2003. Yours sincerely Krirkchai Siribhakdi President