SET Announcements

No. MD.059/2006 April 21, 2006 Re: Report of the Resolutions of Annual General Meeting of 2006 To: President The Stock Exchange of Thailand Bangkok Aviation Fuel Services Public Company Limited held the Annual General Meeting of 2006 on April 21, 2006, starting from 10:00 hrs. and the meeting passed the following resolutions: Agenda 1 Resolved to approve the minutes of Annual General Meeting of 2005. Agenda 2 Resolved to approve the Report of the Board of Directors regarding the Performance of the Company in the Year 2005 and Future Operation Plan as proposed. Agenda 3 Resolved to approve the financial statement for the year 2005. Agenda 4 Resolved to approve the allocation of profits and reserve fund as follows: (Unit : Thousand Baht) Dividends for the year 2005 263,499 Reserve for Investment Expansion 41,757 General Reserve 41,757 Profit Carried Forward to 2006 470,563 In addition, the interim dividends have already been paid at the rate of Bht 0.25 per share, therefore, the dividends to be paid at this time shall be at the rate of Bht 0.37 per share and will be paid on May 19, 2006 to the shareholders whose names appear in the share register at 12.00 hrs. of May 3, 2006 Agenda 5 Resolved to re-appoint Mr. Kobchai Srivilas, Mr. Navee Lertphanichkul, ACM Narongsak Sangapong and Mr. Nattachak Pattamasingh Na Ayuthaya as the directors of the Company and Flight Lieutenant Udom Krisnampok as the independent director of the Company. Agenda 6 Resolved to appoint Prof. Kesree Narongdej, Certified Public Accountant Registration number 76, or Mrs. Natsarak Sarochananchin, Certified Public Accountant Registration number 4563 of A.M.T. & Associates to serve as the Company's external auditor for the year 2006, either of whom may audit and make any comment on the Company's financial statement. In addition, the shareholders approved the annual audit fee for the year 2006 of Baht 676,000. Agenda 7 Resolved to approve the directors's remuneration for the year 2005 in the aggregate amount of Baht 7,894,000 and the monthly remuneration and meeting fee will be payable at the same rate as the previous year. Agenda 8 Resolved to approve the amendment to Clause 3 of the Memorandum of Association, regarding the Objectives of the Company, Item 8 to be: "To guarantee or secure the debt for natural persons or juristic persons to perform obligations under the agreement including but not limited to guarantee such persons or juristic persons in any matter relating to the business of the Company or the operations of the Company under Immigration Law, Taxation Law, Customs Law, Labor Law and any other laws" Agenda 9 Other business - None - Please be informed accordingly. Respectfully yours, (M.R. Supadis Diskul) Managing Director