SET Announcements

= TRANSLATION = Ref: CK-05-0000-PO-L-0035 January 31, 2005 Subject Information of Resolution of The Board of Director's Meeting No. 1/2005 Attention President The Stock Exchange of Thailand As CH. Karnchang Public Company Limited held a Board of Director's Meeting No. 1/2005 on 28th day of January 2005 at 5.00 p.m. at the company's meeting room of 21st Floor located at No. 587 Viriyathavorn Building, Sutthisarn Road, Dindaeng, Dindaeng, Bangkok Metropolis. The Board of Director's Meeting had its resolutions as follows. 1. The Board adopted the minutes of the Board of Director's meeting No. 3/2004. 2. The Board approved the Company to purchase the ordinary shares of Bangkok Metro Public Company Limited from Natural Park Public Company Limited for the number of 435,000,000 shares for the share value of Baht 1.52 amounted Baht 661,200,000.- 3. The Board approved the Company to purchase the increased capital of shares of Bangkok Metro Public Company Limited in the portion of the non- exercised existing shareholders added being totaled for the number of 26,463,754 shares for the share value of Baht 3.00 totally amounted Baht 79,391,262.- By a purchase of the ordinary shares and increased capital of ordinary shares of Bangkok Metro Public Company Limited as its size valued being lower than the percentage of 15 and having not issued the property as for a reciprocated asset's acquisition. The Company thus needs not to report on the regulations in accordance with the Notification of the Stock Exchange of Thailand (SET) referring assets acquisition or disposal of the listed companies. For your information. Sincerely yours, = Signature = (Mr. Plew Trivisvavet) Chief Executive Officer