REPORTS RESOLUTIONS MADE AT 4TH ORDINARY SHAREHOLDERS'

Siam Makro Plc. (MAKRO) reported that its shareholders resolved at the 4th ordinary shareholders' meeting held on April 23, 1997 as follows: 1. To certify minutes of the extraordinary sharheolders' meeting no. 1 /1996 held on August 15, 1996 2. To approve audited balance sheets, profit and loss statements, retained earnings statements, cash flow statements, and auditor's report of MAKRO and subsidiaries ending December 31, 1996 3. To approve report on the company's business performance and annual report as of 1996 4. To approve a dividend payment of 40.9% of net profit to 240 million shares, each Bt1.30 or Bt312 million totally, and to allocate 5% of the net profit, amounting to Bt38,173,460 as a reserved fund 5. To appoint Mr. Johan Pinter Folkner, Mr. Thanin Jierawanon, Mr. Asa Sarasin, and Mr. Jacob Cornelio Adriano De Joner as the company's directors for another period, and to fix directors' remuneration unchanged for not more than Bt2 milion a year 6. To appoint Ms. Nangnoi Charoentaweesap and/or Mr. Somchai Jinnowat and/or Mr. Prasan Chuapanich, certified public auditors no. 3044, 3271, and 3051 respectively, of Coopers (Thai) Co., Ltd. as the company's auditors for the fiscal period ending December 31, 1997. The board of directors will later fix the auditing remuneration.