TO INFORM MINUTES OF ANNUAL GENERAL MEETING NO. 7

Translation April 12, 2000 Subject : To inform Minutes of Annual General Meeting No.7 (after conversion into a public company limited) To : Director and Manager Stock Exchange of Thailand Pursuant to Annual General Meeting No.7 (after conversion into a public company limited) of Siam Makro Public Company Limited held on April 12, 2000 during 3.00 - 4.00 p.m., at Monthathip Room of The Radisson Hotel Bangkok, No. 92 Rama 9 Road, Bangkapi Subdistrict, Huay Kwang District, Bangkok Metropolis, Thailand and has resolved the following matters: - 1. The meeting unanimously confirmed the Minutes of Annual General Meeting No. 6 (after conversion into a public company limited) held on April 30, 1999. 2. The meeting unanimously approved the audited balance sheets, statements of income, and retained earnings and statements of cash flows and the report of the auditors of Siam Makro Public Company Limited and its subsidiaries as of December 31, 1999. 3. The meeting unanimously approved the report of the Company's Management regarding the Company's activities and the Annual Report of 1999. 4. The meeting unanimously re-elected Mr. Prasert Jarupanich, Mrs. Suchada Ithijarukul and Mr. Chavalit Uttasart to be the directors of the Company for another term and Mr. Chavalit Uttasart remains in the position of the Audit Committee in the appointment term and fixed the remuneration of the Company's directors except the Executive Directors to be not exceeding Baht 4,000,000 per year. 5. The meeting unanimously approved the declaration of the dividend payment at the rate of 40.8% of the net profit before an adjustment of a provision for impairment charge or 52.5% of the net profit for the year, being Baht 1.25 per share, totalling 240,000,000 shares in the amount of Baht 300,000,000 and appropriation of part of the net profit as the reserve fund at the amount of Baht 28,553,144 being 5% of net profit. 6. The meeting unanimously resolved that Mr. Prasant Chuaphanich, Certified Public Accountant (Thailand) No. 3051, Ms. Nangnoi Charoenthaveesub, Certified Public Accountant (Thailand) No. 3044, and Mr. Somchai Jinnovart, Certified Public Accountant (Thailand) No. 3271 of PricewaterhouseCoopers ABAS Limited be appointed as the Company's auditors, any one being authorized to conduct the audit and express an opinion on the annual financial statements of the Company, for the fiscal year ended on December 31, 2000. In the absence of the above-named auditors, PricewaterhouseCoopers ABAS Limited is authorized to identify one other Certified Public Accountant with PricewaterhouseCoopers ABAS Limited to carry out the work and the auditing fee shall be fixed by the Audit Committee. There is no further business. Please be informed accordingly. Very truly yours, Signature (Charoen Assawajarukasem)