SET Announcements

(Translation) Ref. SS./ 0651 /2002 14 November 2002 Subject : Report the resolutions to appoint Audit Committee of Sansiri Public Company Limited To : President The Stock Exchange of Thailand The board of directors of Sansiri Public Company Limited in meeting # 11/2002 held on 14 November 2002 has approved the re-appointment of the Audit Committee who retired at the expiration of their terms as the following details: 1. Name of members of the Audit Committee are as follows: Chairman of the Audit Committee - Mr. Kovit Poshyananda Member of the Audit Committee - Mr. Visarl Chowchuvech Member of the Audit Committee - Ms. Chitra Srisakorn Secretary to the Audit Committee- Mr. Theppasak Noppakornvisat 2. The Audit Committee of the Company has the scope of duties and responsibilities, and shall report to the Company's board of directors as follows: (1) To review the sufficiency, credibility and objectivity of the financial reporting by coordinating with the external auditors and management responsible for preparing the quarterly and yearly financial reports. (2) To review the adequacy and effectiveness of internal control systems and internal audit functions by coordinating with the external auditors and internal auditors (if any). (3) To review compliance with the Securities and Exchange Acts, Regulations of the SET, and any other relevant laws. (4) To consider and advise the appointment of the external auditors including the audit fee. (5) To consider compliance with all connected transaction disclosures or the conflict-of- interests disclosures. (6) To take care of any other matters assigned to it by the board of directors. (7) To report the activities of the audit committee in the company's annual report. 3. Terms for holding office: 3.1 Chairman of the Audit Committee - 3 years 3.2 Members of the Audit Committee - 3 years (Including the additional appointment to and removal from the Audit Committee) Furthermore, the members of the Audit Committee who retire by the expiration of the term of the appointment may be re-elected for another term, if the board of directors or the shareholders' meeting deem it appropriate. In case any member of the Audit Committee resigns during the term of the appointment, the board of directors may appoint a qualified person pursuant to the Stock Exchange of Thailand's regulations to replace the resigning member for the remaining terms of services. We hereby certifies that the aforementioned members meet all the qualifications prescribed by the Stock Exchange of Thailand. Please be informed accordingly. Yours sincerely, (Mr. Srettha Thavisin) President