Report oftheappointing the Audit Committee

No. 022/2005 5 January 2005 The President The Stock Exchange of Thailand Report on the Board of Directors' Meeting of the Audit Committee The Board of director's meeting of Phatra Leasing Public Company Limited No. 1/2005 held on January 5 , 2005 passed resolutions appointing the Audit Committee with the following details : Chairman of the Audit Committee Asso.Prof. Chawalee Pongpatirochna Remaining terms of holding office 2 years Member of the Audit Committee Mr. Poonpipat Aungurigul Remaining terms of holding office 2 years Member of the Audit Committee Mr.Arpatsor Bunnag Remaining terms of holding office 2 years Secretary of the Audit Committee Mr. Pipop Kunasol The Company hereby certifies that the aforementioned members meet all the qualifications prescribed by the Stock Exchange of Thailand. For your kind attention accordingly. Yours sincerely, Mr. Krirkchai Siribhakdi President