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Resolutions of the 2007 AGM

BackMar 23, 2007

SF 100/07

22 March 2007

Subject: Resolutions of the Annual General Meeting of Shareholders 2007

To: President The Stock Exchange of Thailand

Notice is hereby given that the Annual General Meeting of Shareholders of Siam Future Development Public Company Limited held on 22 March 2007 at 15.00-15.40 pm. approved the following resolutions:

1. Adopted the Minutes of the Extraordinary General Meeting of Shareholders No.1/2006,

2. Approved the issuance of warrants for individual directors (ESOP) in total amount of 4,500,000 units with the same approved conditions from the previous Extraordinary General Shareholders' Meeting No. 1/2006. The Company seek the approval on a case-by-case basis by more than three-quarters of the total votes cast by all shareholders present and eligible to vote at the meeting and no shareholders having in aggregate more than 5% of the total voting rights of the shareholders present oppose the ESOP,

3. Approved the Company's Annual Report for the year 2006 and approved the Balance Sheet and the Profit and Loss Statements for the year ended December 31, 2006,

4. Approved the allocation of profits for 2006 and the dividend payment of 0.35 Baht per share for the 2006 fiscal year,

5. Re-elected 1) Mrs. Nantiya Montriwat, 2) Mr. Dusit Nontanakorn, and 3) Mrs. Sabaithip Suntaros 4) Mr. Somnuk Pojkasemsin as the directors of the Company and approved the remuneration of directors not exceed Baht 6,000,000 per year,

6. Approved the appoint of Mr. Kajornkiat Aroonpairojanakul and/or Ms. Nattaporn Phan-udom and/or Mr. Boonmee Ngod-ngarmwong under the name of PricewaterhouseCoopers ABAS Company Limited as the Company's auditor for the Year 2007 with the fee in the amount of Baht 685,000 per year .

Please be informed accordingly,

 

Yours sincerely,

 

(Mr.Somnuk Pojkasemsin)
President