SET Announcements

No. MD.029/2006 February 22, 2006 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. 1/2006 on 22 February 2006, starting from 9:30 hrs. and the meeting passed the following material resolutions: 1.Calling the Annual General Meeting of Year 2006 on April 21, 2006 at 10:00 hrs., at Miracle Grand Convention Hotel, 99 Vibhavadirangsit Road, Moo 4, Laksi, Donmuang, Bangkok with the following agendas: Agenda 1 To approve of the Minutes of the Annual General Meeting of Year 2005 Agenda 2 To consider the report of the Board of Directors on the performance of the Company in year 2005 and future business operation Agenda 3 To consider approving the balance sheet and the earnings statement for the year 2005 Agenda 4 To consider the allocation of profit and reserve Agenda 5 To consider the election of directors in place of those who retire by rotation Agenda 6 To consider the appointment of auditors and their remuneration Agenda 7 To consider the payment of Directors' remuneration for year 2005 and Meeting Fee Agenda 8 Other business (if any) 2.To close the Company's shareholder register book in order to determine the right of the shareholder to attend the Annual General Meeting of year 2006 on April 3, 2005 at 12:00 am. until the meeting is adjourned. 3. To propose the Annual General Meeting of Year 2006 to consider declaring the dividend from the operation of the Company for the last 6 months of 2005 at the rate of Baht 0.37 per share to the shareholders whose names are in the Company share register book as of May 3, 2006 at 12:00 am. with the dividend payment date on May 19, 2006, such dividend combined with the interim dividend already declared at the rate of Baht 0.25 per share, equals to the total dividend declared from the 2005 operation of Baht 0.62 per share. 4. Appoint Flt.Lt. Pisal Chayakula to be the director in succession of Mr. Tasnai Sudasna Na Ayudhaya, effective from February 22, 2006. 5. Approve the purchase of land to develop the Aviation Fuelling Service Facilities at Chaing Mai Airport with the area of 8 Rai 2 Ngan 14 Square Wa, amounting to the purchase price of Baht 47,796,000. Please be informed accordingly. Respectfully yours, (M.R. Supadis Diskul) Managing Director