ข่าวแจ้งตลาดหลักทรัพย์

(Translation) No. CK-07-0000-PO-L-0044 February 6, 2007 Re: Notification of Resolutions of the Board of Directors Meeting No. 1/2007 Attn.:President 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. 1/2007 on February 5, 2007 at 4:00 p.m. at the Conference Room on the 21st Floor, No. 587 Viriyathavorn Building, Sutthisarn Road, Dindaeng Subdistrict, Dindaeng District, Bangkok. The Board of Directors Meeting passed the following resolutions: 1.Resolved to grant approval for Pathum Thani Water Co., Ltd. ("PTW"), as an affiliated company of the Company, to restructure by decreasing its registered capital by Baht 1,552,000,000 from Baht 2,752,000,000 by way of decrease of 15,520,000 shares, thereby remaining the registered capital of Baht 1,200,000,000 divided into 12,000,000 ordinary shares at the value of Baht 100 per share. In this regard, PTW wishes to undergo its financial restructuring by decreasing the accumulated loss which would improve the financial status of PTW. Should PTW enjoy good operational results, it would be able to make earlier payment of dividends to the shareholders whereby the value of PTW's shares would improve accordingly and such arrangements would in no way affect the shareholders' equity in PTW. Furthermore, such capital decrease would not affect the financial position of CH. Karnchang Public Company Limited since the capital decrease by way of decrease of the number of shares would increase the unit cost of investments which would be recorded upon disposal of the investments. Such capital decrease would thus make PTW ready to make earlier payment of dividends to the shareholders, including an opportunity to raise funds from the public or investors at a reasonable price and within a period relatively shorter than no capital decrease. Remark: As at January 25, 2006, PTW had the registered capital in the amount of Baht 2,752,000,000 divided into 27,520,000 shares at the value of Baht 100 per share. 2.Resolved to grant approval for the Company to decrease the number of shares according to its shareholding ratio in PTW, representing a decrease of approximately 7,200,467 shares, thereby remaining approximately 5,567,371 shares held in PTW at the value of Baht 100 per shares, or representing approximately 46.39 percent of the registered capital. Once PTW has fulfilled all steps for the decrease of its registered capital, the Company will provide the Stock Exchange of Thailand with information in respect of the shareholding structure and/or the number of shares held by each shareholder after the decrease according to its shareholding ratio in PTW. Please be informed accordingly. Very truly yours, (Mr. Anukool Tuntimas) Executive Vice President Human Resource and General Administration