SET Announcements

(Translation) No. CK-03-0000-PO-L-0045 28 February 2003 Re:Notification of Resolutions of the Board of Directors Meeting No. 1/2003 and Notification of the Closing Date of the Share Register for Suspension of the Share Transfer to Establish the Right to Attend the 2003 Annual Ordinary General Meeting of Shareholders Attn.Director and Manager of the Stock Exchange of Thailand Reference is made to the fact that CH. Karnchang Public Company Limited held the Board of Directors Meeting No. 1/2003 at 2:00 p.m. on 28 February 2003 at the Conference Room on the 6th Floor, No. 587 Viriyathavorn Building, Sutthisarn Road, Dindaeng Subdistrict, Dindaeng District, Bangkok. The Board of Directors Meeting resolved on the matters as follows: 1.The Minutes of the Board of Directors Meeting No. 3/2002 were approved. 2.The balance sheet and income statement for the year ending 31 December 2002 were approved for presentation to the 2003 Annual Ordinary General Meeting of Shareholders. 3.The 2003 Annual Ordinary General Meeting of Shareholders was scheduled to be held on 30 April 2003 at 13:30 p.m. at the Conference Room on the 4th Floor, No. 587 Viriyathavorn Building, Sutthisarn Road, Dindaeng Subdistrict, Dindaeng District, Bangkok. 4.The agenda for the 2003 Annual Ordinary General Meeting of Shareholders was determined as follows: Item 1.To consider and approve the Minutes of the 2002 Annual Ordinary General Meeting of Shareholders Opinion of the Board: The Minutes of the 2002 Annual Ordinary General Meeting of Shareholders should be approved. Item 2.To consider and acknowledge the Company's operational results for the year 2002 Opinion of the Board: The Company's operational results for the year 2002 should be acknowledged Item 3.To consider and approve the balance sheet and income statement for the year ending 31 December 2002 Opinion of the Board: The balance sheet and income statement audited by the auditor should be approved. Item 4.To consider and approval profit appropriation Opinion of the Board: Profit should not be appropriated because the Company has a net loss of Baht 178,910,257 that the Company still had an accumulated loss of Baht 253,937,319 and no dividend payment for the year 2002 should be declared. Item 5.To consider election of directors to replace those due to retire by rotation Opinion of the Board: The Meeting should elect new directors to replace those directors who were due to retire by rotation and the retiring directors should be re- elected. Item 6.To consider the determination of remuneration for directors Opinion of the Board: Remuneration for directors for the year 2003 should be determined. Item 7.To consider the appointment of auditor and determination of remuneration for the year 2003 Opinion of the Board: The auditor from Ernst & Young Office Limited should be appointed as the company's auditor for the year 2003 for the fourth year and the remuneration should be determined as per the Board's proposal. Item 8.To consider other matters (if any) 5.The share register for suspension of the share transfer to establish the right to attend the 2003 Annual Ordinary General Meeting of Shareholders was scheduled to be closed on 10 April 2003 at 12:00 hours until such time as the 2003 Annual Ordinary General Meeting of Shareholders adjourns. Please be informed accordingly. Very truly yours, (Mr. Plew Trivisvavet) Chief Executive Officer ________________________ ________________________ (...continued) (continued...) ENDNOTES -2-