MINUTES OF THE RESOLUTION GENARAL MEETING OF SHAREHOLDERS

0038/2003 January 31,2003 The Managing Director The Stock Exchange of Thailand Minutes of the Resolutions General Meeting of shareholders of the year 2003 At the General Meeting of shareholders of Phatra Leasing Public Company Limited for 2003, held on Friday, January 31, 2003 at Chareunkrung Room, Muangthai Life Assurance Assembly Hall, Rachadaphisek Road, Huaykwang Bangkok, the resolutions were as follows : 1. The Meeting resolved to approve Minutes of the General Meeting of Shareholders of the year 2002. 2. The Board of Directors reported the results of business operation for the fiscal year 2002. 3. The Meeting resolved to approved the Financial statements ended as of 30 September 2002. 4. The Meeting resolved to allocate the yearly net profit as reserves as required by law in the amount of Baht 5,800,000.- 5. The Meeting resolved to pay yearly dividend at the rate of Baht 2.00 per share, by fixing payments date on 7 February 2003. 6. The Meeting resolved to appoint Directors in place of the Directors retired by rotation as follow: 6.1 The directors who retired by rotation were as follows: Mrs. Chawalee Pongpatirochna, Mr. Arpatsorn Bunnag, Mr. Luxaman Bunnag and Mr. Tanakorn Burannaphan. 6.2 Re-election of Directors who retired by rotartion as follows: Mrs. Chawalee Pongpatirochna, Mr. Arpatsorn Bunnag, Mr. Luxaman Bunnag and Mr. Tanakorn Burannaphan. 7. The Meeting resolved to appoint SGV-Na Thalang & Co., by Mr. Vichien Thamtrakkul and/or Mr.Vairoj Jindanuwat as the auditor of the Company and fix the remuneration for audit fee in the amount of Baht 525,000.- 8. The Meeting allocated the Directors' remuneration in the amount of Baht 2,200,000.- Kindly be advised accordingly Sincerely Yours, Krirkchai Siribhakdi President