Resolutions of 2008 Annual General Meeting of Shareholders

29 July 2008

Subject : To report the resolutions of the 2008 Annual General Meeting of Shareholders

To : Managing Director The Stock Exchange of Thailand

The Meeting of the 2008 Annual General Meeting of Shareholders of Polyplex (Thailand) Public Company Limited (the Company) held at 10.30 a.m. on 29 July 2008, has resolved as follows:

1. That the Minutes of the 2007 Annual General Meeting of Shareholders, dated 27 July 2007, be certified.

2. That the report on the Company's operating results be acknowledged and the Director's Report be approved.

3. That the Company's audited balance sheet and the profit and loss statements for the year ended 31 March 2008 which had been audited by the certified public accountant and approved by the Board of Directors be approved.

4. That, (i) the appropriation of Baht 14.75 million as legal reserve, (ii) the dividend payment to the Company's shareholders whose names appear on the share register as of 7 August 2008 at 12.00 noon at the rate of Baht 0.40 per share, and (iii) the dividend payment schedule by 21 August 2008 be approved.

5. That the re-appointment of Mr.Shiraz Poonevala, Mr. Pranay Kothari, and Mr. Rohit Kumar Vashistha who would retire by rotation as the directors for another term, be approved. The following remuneration package to the independent directors and audit committee members also be approved:

(i) a remuneration of Baht 50,000 per month per person to the following independent directors:

1. Mr. Manu Leopairote
2. Dr. Virabongsa Ramangkura
3. Mr. Praphad Phodhivorakhun
4. Mr. Shiraz Erach Poonevala

Mr. Manu Leopairote, in his capacity as the Chairman of the Board of Directors and the Chairman of the Audit Committee, be paid an additional remuneration of Baht 25,000 per month, for each role.

(ii) a meeting fee of Baht 10,000 per member, per meeting attended be paid to the Audit Committee members.

6. That the appointment of Mr. Narong Puntawong (CPA No. 3315) and/or Mr. Supachai Phanyawattano (CPA No. 3930) and/or Ms. Siraporn Ouaanunkun (CPA No. 3844) of Ernst & Young as the Company's auditors for the accounting year ending 31 March 2009 with the remuneration of upto Baht 2,700,000 be approved

Yours faithfully,

Polyplex (Thailand) Public Company Limited

 

(Mr. Rohit Kumar Vashistha)
Director

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