SET Announcements

No. MD.146 /2002 13 November 2002 Re:Report of the Resolutions of the Board of Directors Meeting To:President The Stock Exchange of Thailand Bangkok Aviation Fuel Services Public Company Limited held the Board of Directors Meeting No. 5/2545 on 13 November 2002, starting from 10:00 hrs. and the meeting passed the following material resolutions: 1.The Meeting resolved to approve the Financial Statement for Quarter 3/2002 as proposed. 2.The Meeting resolved to appoint the following 3 persons as Remuneration Committee with a directorship term of 2 years: 1) Mr. Manas LeeviraphanChairman 2) Mr. Virasak Tokakuna Member 3) M.R Supadis Diskul Member with Finance and Accounting Manager as the secretary to the Committee whereby the Committee shall have the authority and responsibility to consider remuneration for the Board of Directors, Committees and Managing Director for further proposal to the shareholders and/or the Board of Directors for consideration. 3.The Meeting resolved to approve the Regulations for the Appointment and Operation of Nominating Committee whereby the Committee shall have duty and responsibility to select the person who will be nominated to the positions of independent director and Managing Director for proposal to the shareholders and/or Board of Directors for appointment and the Committee will have a nature of an ad-hoc committee. Please be informed accordingly. Respectfully yours, (M.R. Supadis Diskul) Managing Director