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MD.054/2010 April 20, 2010 Re: Report of the Resolutions of Annual General Meeting of 2010 To: President The Stock Exchange of Thailand Bangkok Aviation Fuel Services Public Company Limited held the Annual General Meeting of 2010 on April 19, 2010, starting from 14:00 hrs. and the meeting passed the following resolutions: Agenda 1 To Approve the Minutes of Annual General Meeting of 2009 Resolution: The voting comprised of 366,444,106 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 all votes of the shareholders attending the meeting and entitled to vote approved the minutes of Annual General Meeting of 2009. Agenda 2 To Acknowledge the Report of the Board of Directors regarding the Performance of the Company in the Year 2009 and Future Operation Plan The Meeting acknowledges the Report of the Board of Directors regarding the Performance of the Company in the Year 2009 and Future Operation Plan as proposed. Agenda 3 To Consider Approving the Balance Sheet and the Earnings Statement for the Year 2009 Resolution: The voting comprised of 366,568,608 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 all votes of the shareholders attending the meeting and entitled to vote approved the balance sheet and earnings statement for the year 2009 as proposed. Agenda 4 To Consider Allocation of Profits and Reserve Fund Resolution: The voting comprised of 366,218,768 votes or 99.90% in agreement; 284,000 votes or 0.08% in disagreement; and 83,000 votes or 0.02 % 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 2009 219,299 Reserve for Investment Expansion 37,346 General Reserve 37,346 Profit Carried Forward to 2010 731,991 In addition, the dividend for the year 2009 shall be paid at the rate of Baht 0.43 per share which the interim dividend was already paid at the rate of Baht 0.13 per share, therefore, the dividend to be paid at this time shall be at the rate of Baht 0.30 per share payable to the shareholders in accordance with the record as of April 27, 2010, 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 28, 2010, with the dividend payment date on May 14, 2010. Agenda 5 To Consider the Election of Directors in place of those who Retired by Rotation Resolution: The voting for each nominated director is as follows 1. Mr. Tanachai Vienravee to be Director for another term The voting comprised of 366,567,648 votes or 99.98% in agreement; 0 votes or 0.00% in disagreement; and 55,620 votes or 0.02% in abstain. 2. Mr. Palakorn Suwanrath to be Independent Director for another term The voting comprised of 366,572,848 votes or 99.99% in agreement; 0 votes or 0.00% in disagreement; and 50,420 votes or 0.01% in abstain. 3. Mr. Vinai Chamlongrasdr to be Director for another term The voting comprised of 366,146,268 votes or 99.87% in agreement; 0 votes or 0.00% in disagreement; and 477,000 votes or 0.13% in abstain. 4. Mr. Visut Montriwat to be Independent Director for another term The voting comprised of 366,566,248 votes or 99.98% in agreement; 20 votes or 0.00% in disagreement; and 57,000 votes or 0.02% in abstain. 5. Mr. Ath Hemvijitraphan to be Director for another term The voting comprised of 366,566,268 votes or 99.98% in agreement; 0 votes or 0.00% in disagreement; and 57,000 votes or 0.02% 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. Agenda 6 To Consider Appointing the External Auditors and their Audit Fee Resolution: The voting comprised of 366,621,248 votes or 100.00% in agreement; 20 votes or 0.00% in disagreement; and 2,000 votes or 0.00% in abstain. It is resolved that the Meeting by majority votes of the shareholders attending the meeting and entitled to vote approved the appointment of Mr.Pichai Dachanapirom,Certified Public Accountant Registration number 2421, or Ms.Chantra Wongsri-Udomporn, Certified Public Accountant Registration number 4996, or Ms. Wannisa Ngambuatong, Certified Public Accountant Registration number 6838, or Mr. Thanawut Piboonsawat, Certified Public Accountant Registration number 6699 of Dharmniti Auditing Co., Ltd. to serve as the Company's external auditors for the year 2010, either of whom may audit and make any comments on the Company's financial statements. In addition, the shareholders approved the annual audit fee for the year 2010 in the amount of Baht 750,000 as proposed. Agenda 7 To Consider the Directors' Remuneration Resolution: The voting comprised of 361,468,547 votes or 98.59% in agreement; 580,520 votes or 0.16% in disagreement; and 4,574,201 votes or 1.25% 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 2009 in the aggregate amount of Baht 8,000,000, and to maintain the existing rates of monthly remuneration and meeting allowance as proposed. Agenda 8 To Consider Approving the Amendment to Clause 3 of the Memorandum of Association, regarding the Objectives of the Company Resolution: The voting comprised of 366,623,267 votes or 100.00% in agreement; 0 votes or 0.00% in disagreement; and 1 votes or 0.00% in abstain. It is resolved that the Meeting with more than three-fourth of the shareholders attending the meeting and entitled to vote approved the amendment to Clause 3 of the Memorandum of Association, regarding the Objectives of the Company so that the Company can operate the diesel storage service, as follows: "To operate regarding services of storage, delivery, transport, sampling, analysis and certificate quality of Diesel" Agenda 9 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