Financial Statement as at 31/12/2005 duly approved

30th  January 2006


Subject : To report the resolutions of the Board of Directors' Meeting
          No. 1/2006

To      :  Managing Director
           The Stock Exchange of Thailand

The Meeting of the Board of Directors of Polyplex (Thailand) Public Company
Limited (the Company) No. 1/2006 held at 5.30 p.m. on 30 January 2006, has
resolved as follows:

1.That the minutes of the Board of Directors' Meeting No. 5/2005, dated
28 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 first Three Quarters  ending 31 December 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 1st October  2005  to 31st  December  2005  which  had  been  approved
  by  the  Audit Committee be approved.

5.That the status note on Turkey project be acknowledged.


Yours faithfully,
Polyplex (Thailand) Public Company Limited


(Manish Gupta)
Authorised Signatory