SET Announcements

MD.044/2009 April 9, 2009 Re: Report of the Resolutions of Annual General Meeting of 2009 To: President The Stock Exchange of Thailand Bangkok Aviation Fuel Services Public Company Limited held the Annual General Meeting of 2009 on April 8, 2009, starting from 14:00 hrs. and the meeting passed the following resolutions: Agenda 1 To Approve the Minutes of Annual General Meeting of 2008 Resolution: The voting comprised of 371,344,187 votes or 100.00 % in agreement; 0 votes or 0.00% in disagreement; and 0 votes or 0.00 % in abstain. It is resolved that the Meeting by majority votes of the shareholders attending the meeting and entitled to vote approved the minutes of Annual General Meeting of 2008. Agenda 2 To Acknowledge the Report of the Board of Directors regarding the Performance of the Company in the Year 2008 and Future Operation Plan Resolution: The Meeting acknowledges the Report of the Board of Directors regarding the Performance of the Company in the Year 2008 and Future Operation Plan as proposed. Agenda 3 To Consider Approving the Balance Sheet and the Earnings Statement for the Year 2008 Resolution: The voting comprised of 371,604,056 votes or 100.00% in agreement; 0 votes or 0.00 % in disagreement; and 0 votes or 0.00% in abstain. It is resolved that the Meeting by majority votes of the shareholders attending the meeting and entitled to vote approved the balance sheet and earnings statement for the year 2008 as proposed. Agenda 4 To Consider Allocation of Profits and Reserve Fund Resolution: The voting comprised of 371,616,958 votes or 100.00% in agreement; 0 votes or 0.00% in disagreement; and 0 votes or 0.00% in abstain. It is resolved that the Meeting by majority votes of the shareholders attending the meeting and entitled to vote approved the allocation of profits and reserve fund as proposed as follows: (Unit : Thousand Baht) Dividends for the year 2008 203,999 Reserve for Investment Expansion 35,619 General Reserve 35,619 Profit Carried Forward to 2009 652,524 In addition, the dividends for the year 2008 shall be paid at the rate of Bht 0.40 per share which the interim dividend was already paid at the rate of Bht 0.15 per share, therefore, the dividend to be paid at this time shall be at the rate of Bht 0.25 per share payable to the shareholders in accordance with the record as of April 21, 2009, whose names shall be collected pursuant to section 225 of the Securities and Exchange Act B.E.2535 by way of closure of share register on April 22, 2009, with the dividend payment date on May 4, 2009. Agenda 5 To Consider the Election of Directors in place of those who Retired by Rotation and Consider Authorized Directors who sign for binding the Company Resolution: The voting for each nominated director is as follows 1. Air Chief Marshal Narongsak Sangapong to be Director for another term The voting comprised of 371,567,040 votes or 99.99% in agreement; 51,020 votes or 0.01% in disagreement; and 0 votes or 0.00% in abstain. 2. Mr.Tevin Vongvanich to be Director The voting comprised of 371,576,140 votes or 99.99% in agreement; 41,920 votes or 0.01% in disagreement; and 0 votes or 0.00% in abstain. 3. Flying Officer Norahuch Ployyai to be Director The voting comprised of 371,561,140 votes or 99.98% in agreement; 56,920 votes or 0.02% in disagreement; and 0 votes or 0.00% in abstain. 4. Mr. Navee Lertphanichkul to be Director for another term The voting comprised of 371,280,140 votes or 99.91% in agreement; 41,920 votes or 0.01% in disagreement; and 296,000 votes or 0.08% in abstain. 5. Mr.Pachara Yutidhammadamrong to be Independent Director The voting comprised of 371,561,140 votes or 99.98% in agreement; 41,920 votes or 0.01% in disagreement; and 15,000 votes or 0.00% in abstain. It is resolved that the Meeting by majority votes of the shareholders attending the meeting and entitled to votes elected 5 directors as proposed. Also, the Meeting by majority votes of the shareholders attending the meeting and entitles to votes resolved to fix the names and number of directors to be authorized to sign for binding the Company as follows: "The directors whose signatures can bind the Company are ACM Narongsak Sangapong, Flying Officer Norahuch Ployyai, Mr.Tummasak Chutiwong, Mr. Vinai Chamlongrasdr, Mr. Navee Lertphanichkul,M.R. Supadis Diskul, Mr.Serirat Prasutanond, Mr.Tanachai Vienravee, Mr.Ath Hemvijitraphan, Mr.Tevin Vongvanich, two out of ten directors sign and affix the Company's seal. Agenda 6 To Consider Appointing the External Auditors and their Audit Fee Resolution: The voting comprised of 371,618,060 votes or 100.00% in agreement; 0 votes or 0.00% in disagreement; and 0 votes or 0.00% in abstain. It is resolved that the Meeting by majority votes of the shareholders attending the meeting and entitled to vote approved the appointment of Mr.Pichai Dachanapirom, Certified Public Accountant Registration number 2421, or Mr. Pojana Asavasontichai, Certified Public Accountant Registration number 4891, or Ms.Chantra Wongsri- Udomporn, Certified Public Accountant Registration number 4996, or Ms. Wannisa Ngambuatong, Certified Public Accountant Registration number 6838 of Dharmniti Auditing Co., Ltd. to serve as the Company's external auditor for the year 2009, either of whom may audit and make any comments on the Company's financial statement. In addition, the shareholders approved the annual audit fee for the year 2009 in the amount of Baht 750,000 as proposed. Agenda 7 To Consider the Directors' Remuneration Resolution: The voting comprised of 368,185,140 votes or 99.08% in agreement; 41,920 votes or 0.01% in disagreement; and 3,391,000 votes or 0.91% in abstain. It is resolved that the Meeting with more than two-thirds of the shareholders attending the meeting and entitled to vote approved the director's remuneration for the year 2008 in the aggregate amount of Baht 7,600,000, and to maintain the existing rates of monthly remuneration and meeting allowance as proposed. Agenda 8 Other business - None - Please be informed accordingly. Respectfully yours, (M.R. Supadis Diskul) Managing Director Legal and Securities Division Tel 0-2834-8912-3 Fax 0-2834-8920