SET Announcements

(English Translation) Ref. SS. / 1444 / 2006 15 August 2006 Subject : Report the resolution to appoint the Chairman of the Audit Committee and the Chairman of the Compensation Committee to fulfill the position vacated earlier. To : President The Stock Exchange of Thailand Enclosure : Form for Report on Names of Members and Scope of Performance of the Audit Committee (F 24-3) The Board of Directors of Sansiri Public Company Limited at its meeting # 7/2006 held on 11 August 2006 at 16th Floor, Siripinyo Building, No. 475 Sri Ayutthaya Road, Khwaeng Thanon Phyathai, Khet Rajthevi, Bangkok passed the following resolutions: 1. That the Company has approved to appoint Mr. Visarl Chowchuvech as the Chairman of the Audit Committee to replaced Mr. Kovit Poshyananda who has resigned, effective from 11 August 2006 onwards. There are no amendment or additional items to the Scope of Performance of the Audit Committee, the details of which are appeared in the Enclosure attached hereto. 2. That the Company has approved to appoint Mr. Visarl Chowchuvech as the Chairman of the Compensation Committee to replaced Mr. Kovit Poshyananda who has resigned, effective from 11 August 2006 onwards. Please be informed accordingly. Yours sincerely, (Mr. Wanchak Buranasiri) Senior Executive Vice President F 24-3 Form for Report on Names of Members and Scope of Performance of the Audit Committee The board of directors meeting of Sansiri Public Company Limited No. 7/2006 held on 11 August 2006 passed resolutions to appoint Mr. Visarl Chowchuvech as the Chairman of the Audit Committee to replaced Mr. Kovit Poshyananda who has resigned since 4 August 2006. Therefore, at 11 August 2006 1. Names of members of the Audit Committee are as follows: Remaining terms of holding office Chairman of the Audit Committee - Mr. Visarl Chowchuvech 2 years and 3 months Member of the Audit Committee - Ms. Chitra Srisakorn 2 years and 3 months Member of the Audit Committee - Mr. Dnuja Sindhvananda 2 years and 3 months Secretary of the Audit Committee - Mr. Thalin Aeimtitiwat 2. The Audit Committee of the Company has the scope of duties and responsibilities, and shall report to the board of directors on: (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. The Company hereby certifies that the aforementioned members meet all the qualifications prescribed by the Stock Exchange of Thailand in all respects. Signed .............................Director (Mr. Apichart Chutrakul) Signed .............................Director (Mr. Wanchak Buranasiri)