SET Announcements

(Translation) No. CK-99-0000-HRL-L-0642 November 3, 1999 Subject : Notification of the Extraordinary Meeting of Shareholders No.1/1999 Attn : Director and Manager The Stock Exchange of Thailand Whereas the Extraordinary Meeting of Shareholders No.1/ 1999 of CH. Karnchang Public Company Limited, held on November 3, 1999 at 9.30 A.M. at The Emerald Hotel, Radchadaphisek Road, Huay Kwang, Dindaeng, Bangkok Metropolis, have the resolution of the said meeting as follows: 1. The Meeting had unanimous resolution to certify the Minutes of the Annual General Meeting of Shareholders for the year 1999, held on April 30, 1999 2. The Meeting had unanimous resolution to issue and sell Senior Debenture, unsecured and/or secured in Thai Baht currency and/or foreign currency equivalence of not more than Thai Baht 2,000 million for onshore and/or offshore, to financial institutions for the whole or some part thereof, to be offer at one time or several times, with debenture terms not more than 10 years. Authorized the Executive Board of Director to set the details and/or conditions related to debentures issue and sell, such as issue price, selling procedures, issue size, face value, coupon rate, interest period, custodian, debenture holders, and company advisor. 3. The Meeting had resolution to authorized The Company to acquire 1,774,220 shares in Pathum Thani Water Co., Ltd. from CH. Karnchang Holding Co.,Ltd. in the amount of Baht 218,770,000, under the condition that it is approved by three fourth of the shareholders in attendance at the Extraordinary Shareholders Meeting, or their proxies who attended the Meeting and have right to vote, excluding connected persons in the connected transaction, in accordance with the announcement of the SET re. Disclosure Connected Transactions for listed companies announced on 17th February, 1993. 4. The Meeting had resolution to authorized The Company to acquire 849,997 shares in Bangkok Concrete Industry Co.,Ltd. from Mahasiri Siam Co., Ltd. in the amount of Baht 94,280,000, under the condition that it is approved by three fourth of the shareholders in attendance at the Extraordinary Shareholders Meeting, or their proxies who attended the Meeting and have right to vote, excluding connected persons in the connected transaction, in accordance with the announcement of the SET re. Disclosure Connected Transactions for listed companies announced on 17th February, 1993. Please be informed Yours faithfully, (Mr.Plew Trivisvavet and Mr.Kamthorn Trivisvavet ) Directors