Appointment of the Nomination and Remuneration Committee

Translation March 19, 2008 Subject : To inform the Board of Directors' Resolution No.2/2008 To : Director and Manager Stock Exchange of Thailand The Board of Directors' Meeting of Siam Makro Public Company Limited No. 2/2008 held on March 18, 2008 adopted the following important resolutions: - Approve the appointment of the Nomination and Remuneration Committee to be the sub committee for the good corporate governance by appointing the Company's directors to be member of the said Committee as follows: Name Position (1) Mr. Prasert Jarupanich* Chairman of the Nomination and Remuneration Committee; (2) Mr. Thira Wipuchanin* Member of the Nomination and Remuneration Committee; (3) Mr. Ruurd Jacobus Faber Member of the Nomination and Remuneration Committee. Remark : *Being the Company's Independent Director. Designation of the duties and responsibilities of the Nomination and Remuneration Committee as follows: (1) Select and nominate suitable and qualified persons to be members of committees with a composition and qualification prescribed by the law/relevant regulations and present its recommendation to the Board of Directors to consider and approve or to present the same to the shareholders' meeting to consider and approve (as the case may be); (2) Consider criteria and determination of remuneration for the Company's directors and the committees appointed by the Board of Directors to be consistent with and suitable to the Company's performance and responsibilities in comparison with the remuneration level of other companies in the same industry. In case the Nomination and Remuneration Committee considers that there should be any change from those adopted by the previous resolution of the shareholders' meeting, the said Committee must present the matter to the Company's Board of Directors to consider for presenting to the shareholders' meeting to consider and approve. (3) Perform any other work assigned by the Board of Directors. The Nomination and Remuneration Committee s term of Mr. Prasert Jarupanich, Mr. Thira Wipuchanin and Mr. Ruurd Jacobus Faber is effective as from March 18, 2008. Please be informed accordingly. Yours faithfully, Siam Makro Public Company Limited Signature (Mr. Charoen Assawajarukasem) SET Coordinator Manager