Expansion in Turkey in principle approval

28 October 2005


Subject      : To report the resolutions of the Board of Directors'
             Meeting No. 5/2005

To      :  Managing Director
             The Stock Exchange of Thailand

The Meeting of the Board of Directors of Polyplex (Thailand) Public Company
Limited (the Company) No. 5/2005 held at 10.30 a.m. on 28 October 2005, has
resolved as follows:

1.That the minutes of the Board of Directors' Meeting No. 4/2005, dated
  07 October 2005 be certified.

2.That the report on the Company's operating results as compared to the budget
   be acknowledged.

3.That the Company's reviewed balance sheet and the profit and loss statements
  for the half year ending 30 September 2005 which had been reviewed by the
  auditor and by the Audit Committee be approved.

4.That the connected transactions of the Company for 3 (three) months,
  from 1 July 2005 to   30 September 2005 which had been approved by the
  Audit Committee be approved.

5.That the execution of the Corporate Guarantee in favour of Turkiye Garanti
  Bankasi A.S., Bahcelievlerist Branch to guarantee the repayment obligations
  of Polyplex Europa Polyester Film Sanayi ve Ticaret A.S., a subsidiary of
  the Company, owing to Turkiye Garanti Bankasi A.S., Bahcelievlerist Branch,
  towards the working capital loans of Euro 2,000,000 (or equivalent to about
  Baht 100 Million Baht), be approved. Any one of the authorised directors of
  the Company is authorized to enter into and execute the Corporate Guarantee
  on behalf of the Company.

6.That the proposal for setting up of a project for manufacture of Thick Film
  at the facility in Polyplex Europa Polyester Film Sanayi ve Ticaret A.S., a
  subsidiary of the Company, in line with the investment proposed in prospectus
  be approved in principle. .


Yours faithfully,
Polyplex (Thailand) Public Company Limited




(Manish Gupta)
Authorised Signatory