SET Announcements

(Translation) No. CK-05-0000-PO-L-0177 22 June 2005 Re: Notification of Resolutions of the Extraordinary General Meeting of Shareholders No.1/2005 Attn. Director and Manager of the Stock Exchange of Thailand Reference is made to the fact that CH.Karnchang Public Company Limited held the Extraordinary General Meeting of Shareholders No.1/2005 on 22 June 2005, at 9:30 a.m. at the Conference Room on the 4th Floor, No.587 Viriyathavorn Building, Sutthisarn Road, Dindaeng Subdistrict, Dindaeng District, Bangkok. The Company hereby notifies the resolutions of the Extraordinary General Meeting of Shareholders as follows: 1. The Meeting resolved to certify the Minutes of the 2005 Annual Ordinary General Meeting of Shareholders held on 7 April 2005. 2. The Meeting resolved to ratify the execution of the Memorandum of Understanding on the tariff structure and principle terms and conditions of Nam Ngum 2-Hydroelectric Power Project by SouthEast Asia Energy Limited with the Electricity Generating Authority of Thailand on April 25, 2005, as construction project of a 615 Megawatts dam located above Nam Ngum 1-Dam Project, approximately 90 kilometers from Vientiane. The route of the power supply from Nam Ngum 2-Hydroelectric Power Project would be constructed to be connected with the transmission line of the Electricity Generating Authority of Thailand in Udon Thani Province, with the total project value of approximately US$ 850 Million. Under the conditions of the agreement, the Electricity Generating Authority of Thailand would purchase power of approximately 2,300 GWh. per year, for 25 years under the concession period of SouthEast Asia Energy Limited. Thereafter, the Government of Lao Peoples Democratic Republic would agree to sell such power to Thailand for a further period of 25 years. 3. The Meeting resolved to grant approval for the Company to purchase ordinary shares in Thai Tap Water Supply Co., Ltd. from Thames Water International Service Ltd., Thames Water International (Thailand) Ltd. and Thames Water Public Company Limited, totaling 15,000,000 shares with the par value of Baht 100 per share, representing 50 percent of the registered and paid-up capital, at the total value of not exceeding Baht 3,600,000,000, (or not exceeding Baht 240 per share) subject to approval from the shareholders meeting with not less than three-fourths of the total number of votes of the shareholders or proxies attending the meeting and having the right to vote, excluding the votes of interested shareholders, in accordance with the Stock Exchange of Thailand Notification Re: Rules, Procedures and Disclosure of Acquisition or Disposition of Assets of Listed Companies. Thus, whereas the Company has bought the ordinary shares of Thai Tap Water Supply Co.,Ltd., the shareholders meeting, therefore, has already designated the names and a number of shares of interested shareholders who shall not have right to vote on this matter in this agenda. 4. The Meeting resolved to grant approval for the Company to sell and/or transfer its option to purchase part of ordinary shares in Thai Tap Water Supply Co., Ltd., which might occur in the future, to other persons and/or legal entities to participate as joint investors, provided that the Company group would continue to maintain its major shareholding ratio and the Company group shall hold not less than 51 percent of registered capital in such company. The Executive Board should be authorized to consider approving details, selling price and conditions for offering to other persons and/or legal entities. In this regard, once the Company acknowledges such details, the Company shall then inform shareholders and the Stock Exchange of Thailand and comply with the regulations of the Stock Exchange in accordance with the rules for disclosure of information. Please be informed accordingly. Very truly yours, - Signature - - (Mr.Plew Trivisvavet) Chief Executive Officer ?? ?? ?? ??