SET Announcements

No. MD.021 /2003 February 28, 2003 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. 1/2003 on 28 February 2003, starting from 10:00 hrs. and the meeting passed the following material resolutions: 1.Acknowledging the Cabinet resolution on 11 February 2003 to approve the proposal from Airport of Thailand PCL that there will be a single aviation fuel depot to be situated outside the boundary of Suvarnabhumi Airport and that such fuel depot project does not fall under the scope of the Act on Participation of Private Sector in State's Undertaking B.E. 2535, whereby the Company expects that the construction will commence in August 2003 and complete in December 2004. 2.Approving the proposal to the Annual General Meeting of Year 2003 to consider declaring the dividend from the operation of the Company for the last 6 months of 2002 at the rate of Baht 0.25 per share to the shareholders whose names are in the Company share register book as of April 29, 2003 at 12:00 am. 3.Approving the date of closing of the Company's shareholder register book in order to determine the right of the shareholder to attend the meeting be on April 1, 2003 at 12:00 am.until the meeting being finished. 4.Calling the Annual General Meeting of Year 2003 on April 21, 2003 at 14:00 hrs., with the following agenda: (1)To approve of the Minutes of the Annual General Meeting of Year 2002 (2)To consider the report of the Board of Directors on the performance of the Company in year 2002 and future business operation (3)To consider approving the financial statement for the year 2002 (4)To consider the allocation of profit and reserve (5)To consider the election of directors in place of those who retires by rotation and conclusion of the consideration of the Nominating Committee on the election of Independent Director (6)To consider appointment of auditors and their remuneration (7)To consider payment of Directors' remuneration for year 2002 and Meeting Fee (8) Other business (if any) 8.1 Duty of the Internal Audit Committee Please be informed accordingly. Respectfully yours, (M.R. Supadis Diskul) Managing Director