REPORTS ON MOTIONS PASSED AT ITS BOARD OF DIRECTORS' M

Siam Makro Plc (MAKRO) reported on motions passed at its board of directors' meeting no.8/1996, held on August 29, 1996 as follows: 1. To adjust the company's business structure by incorporating two subsidiaries in which over 90% of the shares will be possessed by MAKRO. The two subsidiaries were named as "Makro Office Center Co.,Ltd., and Makro Auto Care Co.,Ltd. They were incorporated to support the company's business' cash flows and efficiency. The company's executives will be responsible for the initial capital. The directors of the two companies are as follows: Makro Office Center Co.,Ltd. Makro Auto Care Co.,Ltd. 1. Thanin Jiarawanon 1. Thanin Jiarawanon 2. Prasert Jarupanich 2. Prasert Jarupanich 3. Yohan Piter Folker 3. Yohan Piter Folker 4. Anthoni Leonell Steel 4. Anthoni Leonell Steel 5. Braian Ar Makkrat 5. Saimon Hamilton Kollin 6. Suchada Inthijarukul 6. Suchada Inthijarukul 2. To appoint Suchada Inthijarukul as the company's director to replace Yaowanee Tulayasathern. The appointment is effective August 29, 1996 . 3. To approve signatories as follows: Two of the following directors have to signed along with the of the company's common seal; Thanin Jiarawanon, Prasert Jarupanich, Anthoni Leeonell Steel, Yohan Piter Folker, Suchada Inthijarukul. The appointment was effective since August 29, 1996.