REPORTS RESOLUTION OF SHAREHOLDERS MEETING

Siam Makro Plc reported the resolutions of its shareholder meeting No.1/1996 of August 15 as follows: 1. Makro has decided to srap the resolution of the shareholder meeting No.2/1994 of January 26 which was for the allocation of the remaining 19,825,700 shares which, later, will be re-allocated under the conditions as follows: (1.1) Of the total, a 4,137,700 shares will go Makro Holding N.V. at the same price as of the shares which will be distributed to general investors. (1.2) The rest of the 15,688,000 shares will be offered to general investors. Terms and conditions will be determined by Makro's board of directors, concerning the profits which the company's existing shareholders will receive. 2. Makro has received approval to sell shares of a capital increase to Makro Holding N.V. Co.,Ltd. who is the company's major shareholder, and will be considered a connected transaction.