Board resolution for Dividend payment, fix AGM date

30 May 2006


Subject      :To report the resolutions of the Board of Directors' Meeting
            No. 2/2006

To      :Managing Director
           The Stock Exchange of Thailand


The Meeting of the Board of Directors of Polyplex (Thailand) Public
Company Limited (the Company) No. 2/2006 held at 5.30 pm on 30 May 2006
has resolved as follows:

1.That the report on the Company's operating results be acknowledged.

2.That the Company's audited balance sheet and the profit and loss
statements for the year ended 31 March 2006 which had been audited by
the certified public accountant and reviewed by the Audit Committee be
approved.

3.That the terms and conditions of the trade finance package and services
proposed by Bank Thai Plc. be approved.

4.That the proposal to set up a Extrusion Coating / Lamination project
for further value addition to plain films in Thailand be approved. The
Company plans to install 2 separate extrusion coating lines (in phases)
in order to add value to plain pet films.  The Company is under the process
of applying for BOI approval for this project.

5.That the proposal to buy additional plots of land in the Siam Eastern
Park aggregating to 35-2-54.80 Rais be approved. The additional plots
of land will be used for setting up the extrusion coating lines as also
associated utilities/facilities besides future expansion. The purchase
price is Baht 57,019,200. The purchase of land is considered as acquisition
of asset under the SET regulations. The size of acquisition of asset is
less than 15% of the total asset of the Company and therefore it is not
subject to disclosure  of information under the SET regulations.

6.That, (i) the appropriation of Baht 28.05 million as legal reserve,
(ii) the dividend payment to the Company's shareholders whose names
appear on the share register as of 10 July 2006 at 12.00 noon at the rate
of Baht 0.28 per share,and (iii) the dividend payment schedule by 10
August 2006, be approved.

7.That the re-appointment of Dr.Virabongsa Ramangkura , Mr. Sanjiv
Saraf , and Mr. Ranjit  Singh  who would retire by rotation as the
directors for another term. The Audit Committee remuneration for 2006
of Baht 10,000 per person per meeting attendance be approved. The directors
of the Company (other than the member of the Audit Committee) voluntarily
waived their rights to receive the remuneration.

8.That the appointment of Mr. Vichien Thammatrakul, Certified Public
Accountant No. 3183 and/or Mr. Santi Pongjareanpit, Certified Public
Accountant No. 4623 and/or Mr. Pisit Chiwaruangroch, Certified Public
Accountant No.2803 of KPMG Phoomchai Audit Ltd. to be the auditors of the
Company be approved. The remuneration of the auditors for the next
financial year was under discussion and would be finalized and submitted
to the shareholders for approval.

9.That the 2006 Annual General Meeting of Shareholders will be held on 28
July 2006, at 10.00 a.m. at Hotel Rembrandt, Sukhumvit Soi 18, Bangkok,
to consider the following agenda:

      1.      To certify the Minutes of the 2005 Annual General Meeting of
          Shareholders held on 28 July 2005.
      2.      To acknowledge the report on the Company's operating results
           and to approve the Directors' Report.
      3.      To consider and approve the Company's audited balance sheet
           and profit and loss statements for the year ended 31 March 2006.
      4.      To consider and approve the distribution of dividends and
          appropriation of the profit as the legal reserve.
      5.      To consider and approve the appointment of directors to replace
          those retired by rotation and to determine their remuneration.
      6.      To consider and approve the appointment of auditors and their
          remuneration.
      7.      To consider and approve the minor revisions in the end-use of
          funds raised from IPO in December-2004
      8.      To acknowledge the proposal to set up an Extrusion Coating/
          Lamination project in Thailand.
      9.      To consider other business (if any)

10.That the share register book be closed from 10 July 2006 at 12:00
noon until the conclusion of the Annual General Meeting of Shareholders
in order to determine the shareholders' entitlement to attend the 2006
Annual General Meeting of Shareholder and to receive dividends.

Yours faithfully,
Polyplex (Thailand) Public Company Limited




(MANISH GUPTA)
Authorized Signatory