Resolutions appointing the Audit Committee

No. 052/2008 January 29, 2008 The President The Stock Exchange of Thailand Report on the Board of Directors' Meeting of the Audit Committee The Board of directors' meeting of Phatra Leasing Public Company Limited passed resolutions appointing the Audit Committee with the following details : The Audit Committee has 2-year tenure, consisting of: Remaining terms of holding office Chairman of the Audit Committee Asso.Prof. Chawalee Pongpatirochana 2 years Audit Committee Mr. Arpatsorn Bunnag 2 years Audit Committee Mr. Poonpipat Aungurigul 2 years Secretary of the Audit Committee Mr. Pipop Kunasol Scope of Authority of the Audit Committee The Board of Directors determined scope of powers and duties of Audit Committee as follows: 1. Ensuring financial statements of the Company are correct and reliable 2. Ensuring the Company maintains appropriate and effective internal control system. 3. Considering, selecting and nominating auditors for the Company 4. Ensuring the Company's compliance with related regulations and laws. 5. Preventing conflict of interest. 6. Preparing business supervision report. 7. Performing other duties as assigned by the Board of Directors. 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